Covington, KY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Center for Great Neighborhoods of Covington, founded in 1972, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $624K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $792K exceeded revenue, resulting in a 27% operating deficit.
To Provide community support and programming in development, financial wellbeing, building healthy communities and partnerships for youth and families
The Center for Great Neighborhoods strives to help residents discover their strengths, interact with their neighbors, and work together to improve the quality of life in their neighborhoods and...
The Center for Great Neighborhoods strives to help residents discover their strengths, interact with their neighbors, and work together to improve the quality of life in their neighborhoods and community. Toward that end, the center offers programs in the areas of health, creative placemaking, youth and families and financial wellbeing
The Center provides custodial accounts to resident led community groups working to improve their neighborhoods when that work aligns with its mission and strategic focus.
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 | $623,552 | $1,104,957 | -0.4% |
| Expenses | $792,363 | $1,054,771 | -0.2% |
| Net Income | $-168,811 | $50,186 | -4.4% |
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 |
|---|---|---|---|---|---|---|
| Shannon Ratterman | Executive Director | 40.00 |
Director
|
$75,000 | $0 | $75,000 |
| Tashawa Perrin | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Greg Paeth | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Dietra Bohannon | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| John Baldock | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jim Guthrie | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Gene Weber | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Loren Vandyke Wolff | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Nathan Tainter | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Katie Meckstroth | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $623,552 | $792,363 | $3,004,393 | $-168,811 |
| 2023 | $1,104,957 | $1,054,771 | $3,646,992 | $50,186 |
| 2022 | $1,142,482 | $1,275,572 | $3,790,158 | $-133,090 |
| 2021 | $1,255,268 | $1,128,860 | $4,105,930 | $126,408 |
| 2020 | $1,125,578 | $1,211,306 | $3,086,663 | $-85,728 |
| 2019 | $1,148,958 | $1,237,086 | $3,027,052 | $-88,128 |
| 2018 | $1,238,182 | $1,353,108 | $3,007,679 | $-114,926 |
Compare Center for Great Neighborhoods of Covington with other nonprofits in Kentucky and across the country.