Center for Great Neighborhoods of Covington (EIN 610733046) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

Shannon Ratterman

Phone

8594912220

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

Provide Community Support and Programming in the Greater Covington Area in Community Development

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $467,103

Program Service Revenue $63,202

Investment Income $3,823

Other Revenue $89,424

TOTAL REVENUE $623,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $391,468

Fundraising Expenses $0

Program Expenses $685,528

Other Expenses $400,895

TOTAL EXPENSES $792,363

Year-over-Year Comparison

	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%

Key Indicators

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

887

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

$75,000

Key Employees

Highest Compensated

reported

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

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
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

Center for Great Neighborhoods of Covington