PATRIOTS COVE INC (EIN 841885740) - 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

2019

Principal Officer

JEFF SWIRE

Phone

9193682791

Tax Period

2023-01-01 to 2023-12-31

PATRIOTS COVE INC, founded in 2019, is a community nonprofit in the Public & Societal Benefit sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 434% from the prior year, signaling strong growth momentum. The organization ran a surplus of $957K, a strong 78% operating margin.

Mission

TO EMPOWER OTHER VETERANS, FIRST RESPONDERS, AND THEIR CAREGIVERS TO HEAL AND ADAPT TO LIFE AFTER SERVICE.

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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 $1,233,256

Program Service Revenue $0

Investment Income $-3,250

Other Revenue $0

TOTAL REVENUE $1,230,006

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $267,284

Other Expenses $272,788

TOTAL EXPENSES $272,788

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,230,006	$230,534	+4.3%
Expenses	$272,788	$191,338	+0.4%
Net Income	$957,218	$39,196	+23.4%

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 SWIRE	PRESIDENT	N/A	Officer	$0	$0	$0
NEIL KOSAK	VICE PRESIDE	N/A	Officer	$0	$0	$0
BRYNN KUKOSKY	SECRETARY	N/A	Officer	$0	$0	$0
CHAD JOHNSON	TREASURER	N/A	Officer	$0	$0	$0
MELISSA SWIRE	OFFICER	N/A	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	$1,230,006	$272,788	$1,179,817	$957,218
2023	No data	No data	No data	No data
2022	$230,534	$191,338	$222,601	$39,196

PATRIOTS COVE INC