CATHOLIC CHARITIES OF THE DIOCESE OF COVINGTON INC (EIN 610461728) - 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

1978

Legal Domicile

Principal Officer

BISHOP JOHN IFFERT

Phone

8595818974

Tax Period

2024-07-01 to 2025-06-30

CATHOLIC CHARITIES OF THE DIOCESE OF COVINGTON INC, founded in 1978, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $2.7M left a modest 12% surplus.

Mission

COUNSELING AND SOCIAL SERVICES FOR THE GREATER CINCINNATI, NORTHERN KENTUCKY AREA

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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 $2,407,481

Program Service Revenue $209,821

Investment Income $343,598

Other Revenue $134,911

TOTAL REVENUE $3,095,811

Expense Breakdown

Grants Paid $505,196

Salaries & Benefits $1,724,206

Fundraising Expenses $263,952

Program Expenses $1,782,746

Other Expenses $490,672

TOTAL EXPENSES $2,720,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,095,811	$2,299,836	+0.3%
Expenses	$2,720,074	$2,698,143	+0.0%
Net Income	$375,737	$-398,307	-1.9%

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

Employees

Volunteers

667

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

$108,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MOST REVEREND JOHN IFFERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
VERY REV MARK KEENE VG	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FR MICHAEL GRADY	SECRETARY	1.00	Officer Director	$0	$0	$0
MR DALE HENSON	TREASURER	1.00	Officer Director	$0	$0	$0
DNC JIM FORTNER	COO	1.00	Officer Director	$0	$0	$0
VERY REV GERALD REINERSMAN	VF/MEMBER	1.00	Officer Director	$0	$0	$0
FR MICHAEL COMER	VF/MEMBER	1.00	Officer Director	$0	$0	$0
MR JUAN AVILES	VF/MEMBER	1.00	Officer Director	$0	$0	$0
MR CHRIS GODDARD	EXECUTIVE DIRECTOR	46.00	Officer	$84,006	$24,909	$108,915

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	$3,095,811	$2,720,074	$6,475,424	$375,737
2024	$2,299,836	$2,698,143	$5,907,586	$-398,307
2023	$2,172,927	$2,546,825	$6,043,062	$-373,898
2022	$1,923,162	$1,783,981	$6,074,097	$139,181
2021	$2,051,679	$1,790,714	$6,439,904	$260,965
2020	$2,337,667	$1,775,551	$5,772,140	$562,116

CATHOLIC CHARITIES OF THE DIOCESE OF COVINGTON INC