COVINGTON CARNIVAL CLUB INC (EIN 582207182) - 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

1965

Legal Domicile

Principal Officer

DAN DORSEY

Phone

9852015135

Tax Period

2024-04-01 to 2025-03-31

COVINGTON CARNIVAL CLUB INC, founded in 1965, is a small nonprofit that reported $548K in total revenue in fiscal year 2024.

Mission

ENTERTAINMENT OF IT'S MEMBERS

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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 $0

Program Service Revenue $549,278

Investment Income $4,611

Other Revenue $-5,794

TOTAL REVENUE $548,095

Expense Breakdown

Grants Paid $250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $439,102

Other Expenses $538,358

TOTAL EXPENSES $538,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$548,095	$571,593	0.0%
Expenses	$538,608	$470,924	+0.1%
Net Income	$9,487	$100,669	-0.9%

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

N/A

Employees

N/A

Volunteers

N/A

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
MARK BLANCHARD	DIRECTOR	2.00	Officer Director	$0	$0	$0
MIKE RASE	DIRECTOR	2.00	Director	$0	$0	$0
NICK LUDWIG	DIRECTOR	2.00	Director	$0	$0	$0
COLIN SHEA	DIRECTOR	2.00	Director	$0	$0	$0
DAN DORSEY	CAPTAIN	3.00	Director	$0	$0	$0
LANGE GAMBEL	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM DUTEL	SECRETARY	2.00	Officer	$0	$0	$0
JOSEPH REAGAN	TREASURER	3.00	Officer	$0	$0	$0
SEMMES HUGHS	VICE PRESIDENT	2.00	Officer	$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	$548,095	$538,608	$236,754	$9,487
2024	$571,593	$470,924	$216,909	$100,669
2023	$319,311	$424,676	$117,229	$-105,365
2022	$316,291	$294,679	$216,691	$21,612
2021	$118,501	$89,652	$195,083	$28,849

COVINGTON CARNIVAL CLUB INC