COVE CREEK PRESERVATION AND DEVELOPMENT (EIN 561975072) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Phone

8282972200

Tax Period

2024-04-01 to 2025-03-31

COVE CREEK PRESERVATION AND DEVELOPMENT, founded in 1997, is a micro nonprofit in the Community Improvement sector that reported $73K in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 112% operating deficit.

Mission

PRESERVATION OF HISTORIC COVE CREEK SCHOOL AND OTHER BUILDINGS IN COVE CREEK AREA. PRESERVATION OF LOCAL COMMUNITY HISTORICAL, MUSICAL, AND CRAFT HERITAGE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,878

Program Service Revenue $0

Investment Income $4,721

Other Revenue $60,228

TOTAL REVENUE $72,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,277

Other Expenses $154,187

TOTAL EXPENSES $154,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,827	$97,127	-0.3%
Expenses	$154,187	$97,595	+0.6%
Net Income	$-81,360	$-468	+172.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

100

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY PLATT	BOARD MEMBER	2.00	Director	$0	$0	$0
SHELLI MCGINNIS	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
LARA MAST	BOARD MEMBER	2.00	Director	$0	$0	$0
KARA HARMON	BOARD MEMBER	2.00	Director	$0	$0	$0
AMANDA HARPER	CHAIRMAN	5.00	Officer Director	$0	$0	$0
TED MCGINNIS	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK TRIVETTE	TREASURER	2.00	Officer Director	$0	$0	$0
KELLY BURKETT	SECRETARY	2.00	Officer Director	$0	$0	$0
ALICE MOODY	BOARD MEMBER	2.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$72,827	$154,187	$636,502	$-81,360
2024	$97,127	$97,595	$726,103	$-468
2023	$77,450	$98,836	$723,174	$-21,386
2022	$103,191	$69,228	$737,615	$33,963
2022	$103,191	$69,228	$737,615	$33,963
2021	$110,565	$119,735	$703,677	$-9,170
2020	$84,381	$137,007	$712,975	$-52,626
2019	$95,795	$96,163	$765,043	$-368

COVE CREEK PRESERVATION AND DEVELOPMENT