COVATION CENTER INC (EIN 811771632) - 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

2016

Principal Officer

ADAM YODER

Phone

5704351993

Tax Period

2023-01-01 to 2023-12-31

COVATION CENTER INC, founded in 2016, is a community nonprofit in the Employment sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 280% from the prior year, signaling strong growth momentum.

Mission

TO ENERGIZE RURAL PENNSYLVANIA, ENABLING ALL CITIZENS TO INNOVATE, CREATE, AND MANUFACTURE, BUILDING A LASTING ECONOMY

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,046,071

Program Service Revenue $278,281

Investment Income $20

Other Revenue $0

TOTAL REVENUE $1,324,372

Expense Breakdown

Grants Paid $953,722

Salaries & Benefits $293,167

Fundraising Expenses $0

Program Expenses $1,377,388

Other Expenses $141,760

TOTAL EXPENSES $1,388,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,324,372	$348,490	+2.8%
Expenses	$1,388,649	$309,591	+3.5%
Net Income	$-64,277	$38,899	-2.7%

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

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

$126,225

Total Directors

$126,225

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHAN BRADY	EXECUTIVE DI	40.00	Officer Director	$126,225	$0	$126,225
JENNIFER BRADY	SECRETARY	0.80	Officer Director	$0	$0	$0
JAY LEWIS	TREASURER	0.35	Officer Director	$0	$0	$0
PETER SWIFT	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ADAM YODER	PRESIDENT	1.25	Officer 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	No data	No data	No data	No data
2023	$1,324,372	$1,388,649	$21,016	$-64,277
2022	$348,490	$309,591	$16,009	$38,899
2021	$237,407	$321,223	$36,666	$-83,816
2020	$471,503	$427,184	$82,529	$44,319
2019	$392,185	$420,464	$27,965	$-28,279
2018	$383,162	$348,704	$48,908	$34,458

COVATION CENTER INC