WACO, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE COVE - HEART OF TEXAS INC, founded in 2015, is a small nonprofit in the Education sector that reported $705K in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $971K exceeded revenue, resulting in a 38% operating deficit.
CHARITABLE AND EDUCATIONAL PURPOSES FOR HOMELESS IN-SCHOOL YOUTH AND THEIR FAMILIES. TO PROVIDE A SAFE PLACE AND NURTURING ENVIRONMENT TO UNACCOMPANIED HOMELESS YOUTH AND THEIR FAMILIES IN ORDER TO ATTAIN SUCCESS WITH ACADEMIC, SOCIAL AND CAREER DEVELOPMENT THAT WILL POSITION THEM TO THRIVE AS YOUNG ADULTS.
TO PROVIDE A SAFE PLACE AND NURTURING ENVIRONMENT TO UNACCOMPANIED HOMELESS YOUTH AND THEIR FAMILIES IN ORDER TO ATTAIN SUCCESS WITH ACADEMIC, SOCIAL AND CAREER DEVELOPMENT THAT WILL POSITION THEM TO...
TO PROVIDE A SAFE PLACE AND NURTURING ENVIRONMENT TO UNACCOMPANIED HOMELESS YOUTH AND THEIR FAMILIES IN ORDER TO ATTAIN SUCCESS WITH ACADEMIC, SOCIAL AND CAREER DEVELOPMENT THAT WILL POSITION THEM TO THRIVE AS YOUNG ADULTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $705,164 | $456,933 | +0.5% |
| Expenses | $971,203 | $759,299 | +0.3% |
| Net Income | $-266,039 | $-302,366 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID BRENNAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHERYL POOLER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMY JIMENEZ | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEPHEN ORR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHELLY SPINKS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TRENIA COOPER | CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| AUSTIN BUCHS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAN MACLEMORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CARINA YEBRA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HAROLD BROWN | FUNDRAISING & MARKETING DIRECTOR | 40.00 |
Officer
|
$57,830 | $0 | $57,830 |
| TIMOTHY PACKER | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$90,958 | $0 | $90,958 |
| SHELBY HERRING | PROGRAM DIRECTOR | 40.00 |
Officer
|
$64,000 | $0 | $64,000 |
| SHAUN LEE | DEVELOPMENT DIRECTOR | 40.00 |
Officer
|
$44,533 | $0 | $44,533 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $705,164 | $971,203 | $442,163 | $-266,039 |
| 2023 | $456,933 | $759,299 | $652,147 | $-302,366 |
| 2022 | $795,608 | $690,079 | $923,139 | $105,529 |
| 2021 | $819,992 | $659,031 | $747,013 | $160,961 |
| 2020 | $409,714 | $458,429 | $622,459 | $-48,715 |
| 2019 | $653,196 | $380,367 | $618,405 | $272,829 |
| 2018 | $385,874 | $222,591 | $345,424 | $163,283 |
Compare THE COVE - HEART OF TEXAS INC with other nonprofits in Texas and across the country.