Covington First United Methodist Church Preschool Inc Covington 1st UMC Preschool (EIN 812982538) - 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

Legal Domicile

Principal Officer

LORI WASSON

Phone

7707867305

Tax Period

2023-07-01 to 2024-06-30

Covington First United Methodist Church Preschool Inc Covington 1st UMC Preschool, founded in 2016, is a small nonprofit in the Education sector that reported $492K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

Enrichment program for young 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $492,392

Investment Income $0

Other Revenue $0

TOTAL REVENUE $492,392

Expense Breakdown

Grants Paid $0

Salaries & Benefits $455,688

Fundraising Expenses $0

Program Expenses $468,584

Other Expenses $35,586

TOTAL EXPENSES $491,274

Year-over-Year Comparison

	2023	2022	Change
Revenue	$492,392	$411,789	+0.2%
Expenses	$491,274	$412,167	+0.2%
Net Income	$1,118	$-378	-4.0%

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

$94,924

Total Directors

$94,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI WASSON	TREASURER	20.00	Officer Director	$30,000	$0	$60,000
BRANTLEY GEIGER	TRUSTEE	1.000	Officer Director	$0	$0	$0
ELECIA BRUNS	DIRECTOR	35.00	Officer Director	$34,924	$0	$34,924

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	No data	No data	No data	No data
2024	$492,392	$491,274	$201,809	$1,118
2023	$411,789	$412,167	$179,159	$-378
2022	$386,581	$389,976	$137,834	$-3,395
2021	$325,916	$328,254	$140,629	$-2,338
2019	$325,364	$310,877	$127,385	$14,487

Covington First United Methodist Church Preschool Inc Covington 1st UMC Preschool