COVINGTON SCOTTISH RITE FOUNDATION (EIN 611173423) - 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

Principal Officer

DAVID KNOCK

Phone

8594310021

Tax Period

2024-01-01 to 2024-12-31

COVINGTON SCOTTISH RITE FOUNDATION is a micro nonprofit that reported $88K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $85K left a modest 4% surplus.

Mission

ASSISTANCE FOR DISADVANTAGED CHILDREN

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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 $43,950

Program Service Revenue $0

Investment Income $44,126

Other Revenue $0

TOTAL REVENUE $88,076

Expense Breakdown

Grants Paid $64,796

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,796

Other Expenses $19,883

TOTAL EXPENSES $84,679

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,076	$75,754	+0.2%
Expenses	$84,679	$71,208	+0.2%
Net Income	$3,397	$4,546	-0.3%

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

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
JEFF BRYANT	OFFICER	N/A	Director	$0	$0	$0
CHARLES KORZENBORN	OFFICER	N/A	Director	$0	$0	$0
JOSH QUINN	SECRETARY	N/A	Director	$0	$0	$0
CHARLES ALLNUT	VICE PRESIDE	N/A	Officer	$0	$0	$0
DAVID KNOCK	PRESIDENT	N/A	Officer	$0	$0	$0
KEVIN SELL	OFFICER	N/A	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
2024	$88,076	$84,679	$1,303,992	$3,397
2024	No data	No data	No data	No data
2023	$75,754	$71,208	$1,300,595	$4,546
2022	$77,931	$65,090	$1,296,049	$12,841
2021	$89,137	$61,309	$1,283,208	$27,828
2020	$159	$11,798	$1,255,380	$-11,639
2019	$81,968	$89,791	$1,267,019	$-7,823
2018	$85,491	$86,049	$1,274,842	$-558

COVINGTON SCOTTISH RITE FOUNDATION