Cove Behavioral Health Inc (EIN 591514993) - 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

1973

Legal Domicile

Principal Officer

Deanna S Obregon

Phone

8133844000

Tax Period

2024-07-01 to 2025-06-30

Cove Behavioral Health Inc, founded in 1973, is a mid-sized nonprofit in the Mental Health sector that reported $21.9M in total revenue in fiscal year 2024.

Mission

COVE BEHAVIORAL HEALTH SUPPORTS OUR COMMUNITY'S OVERALL WELLNESS BY PROVIDING ACCESSIBLE AND COMPASSIONATE BEHAVIORAL HEALTH CARE. COVE BEHAVIORAL HEALTH IS COMMITTED TO EXCELLENCE IN BEHAVIORAL HEALTH CARE AND TO BUILDING A SHARED VISION OF HOPE FOR A HEALTHIER COMMUNITY. AS A LARGE COMMUNITY BASED PROVIDER OF BEHAVIORAL HEALTH SERVICES, COVE SERVES OVER 35,000 PERSONS ANNUALLY THROUGH AWARD WINNING BEHAVIORAL HEALTH PREVENTION, INTERVENTION, AND TREATMENT PROGRAMS. COVE IS ACCREDITED BY THE NATIONALLY RECOGNIZED COMMISSION ON ACCREDITATION OF REHABILITATION FACILITIES (CARF). WE ARE COMMITTED TO BEING AN INCLUSIVE ORGANIZATION WHERE PEOPLE ARE TREATED FAIRLY AND RECOGNIZED FOR THEIR INDIVIDUALITY.EFFECTIVE JULY 1, 2025 (SUBSEQUENT TO YEAR END), COVE COMPLETED A MERGER WITH GRACEPOINT HEALTHCARE ("GRACEPOINT"). UNDER THE TERMS OF THE MERGER AGREEMENT, COVE AND ITS TWO WHOLLY-OWNED SUBSIDIARIES WERE CONSOLIDATED INTO GRACEPOINT AND ALL THE ORGANIZATION'S ASSETS, LIABILITIES, AND NET AS

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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 $17,807,507

Program Service Revenue $3,591,552

Investment Income $242,161

Other Revenue $281,355

TOTAL REVENUE $21,922,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,183,398

Fundraising Expenses $213,612

Program Expenses $19,263,229

Other Expenses $8,571,588

TOTAL EXPENSES $22,754,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,922,575	$22,324,968	0.0%
Expenses	$22,754,986	$21,761,465	+0.0%
Net Income	$-832,411	$563,503	-2.5%

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

227

Volunteers

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

$613,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Deanna S Obregon	CEO	40.00	Officer	$276,402	$39,450	$315,852
Venkateswarlu Muvva	Medical Director	40.00		$296,561	$18,648	$315,209
Bryan Danzi	Physician	40.00		$277,582	$30,956	$308,538
Alexander Sinu	Physician	40.00		$248,077	$15,074	$263,151
Antoinette Hagley	CCO	40.00	Officer	$169,231	$25,873	$195,104
Jane Dawson	APRN	40.00		$146,415	$34,848	$181,263
Janet Ramos	Clinical Op Admin	40.00		$107,391	$17,474	$124,865
Michael Neumann	Former CFO	40.00	Officer	$102,500	$197	$102,697
Tammi Rattray	Past President	1.00	Director	$0	$0	$0
Ginny McGucken	Member	1.00	Director	$0	$0	$0
Rob Pariseau	President	2.00	Officer Director	$0	$0	$0
Frank Losat	1st Vice Pres.	2.00	Officer Director	$0	$0	$0
Robert Williams	Secretary	2.00	Officer Director	$0	$0	$0
Earl Horton	Treasurer	2.00	Officer Director	$0	$0	$0
Peter Barrett	Member	1.00	Director	$0	$0	$0
Jennifer Durham	2nd Vice Pres.	2.00	Officer Director	$0	$0	$0
Katie Glaser	Member	1.00	Director	$0	$0	$0
Hiram Hampton	Member	1.00	Director	$0	$0	$0
Sulaman Hemani	Member	1.00	Director	$0	$0	$0
Holly Hills	Member	1.00	Director	$0	$0	$0
Brad Johnson	Member	1.00	Director	$0	$0	$0
H Tyson Lykes III	Member	1.00	Director	$0	$0	$0
Guy Samuel	Member	1.00	Director	$0	$0	$0
Rolando Sanchez	Member	1.00	Director	$0	$0	$0
Charles Sansone	Member	1.00	Director	$0	$0	$0
Donna Turner	Member	1.00	Director	$0	$0	$0
Andrea White	Member	1.00	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	$21,922,575	$22,754,986	$23,576,999	$-832,411
2024	$22,324,968	$21,761,465	$25,057,228	$563,503
2023	$21,117,049	$19,534,739	$24,693,536	$1,582,310
2022	$20,002,632	$18,555,912	$23,480,624	$1,446,720
2021	$21,471,090	$18,049,002	$22,183,565	$3,422,088
2020	$18,719,169	$19,667,710	$20,872,029	$-948,541
2019	$20,456,594	$20,438,522	$12,506,040	$18,072
2018	$20,984,568	$20,341,461	$20,432,361	$643,107

Cove Behavioral Health Inc