Covington Downtown and Tourism Associati (EIN 850789868) - 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

2020

Legal Domicile

Principal Officer

Trey Sanders

Phone

6782126456

Tax Period

2023-07-01 to 2024-06-30

Covington Downtown and Tourism Associati, founded in 2020, is a small nonprofit that reported $811K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

The mission of the CDTA is to facilitate tourism activities and spur economic growth in Newton County. Advertising, marketing and promotion for tourism related activities like the July 4 celebration, Lighting of the Saure, concert series, etc. are accomplished through TV, print and social media advertising.

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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 $800,165

Program Service Revenue $0

Investment Income $0

Other Revenue $10,405

TOTAL REVENUE $810,570

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $803,190

Other Expenses $803,190

TOTAL EXPENSES $803,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$810,570	$711,618	+0.1%
Expenses	$803,190	$957,195	-0.2%
Net Income	$7,380	$-245,577	-1.0%

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

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
Louly Hay Kapp	Chair	0.50	Officer Director	$0	$0	$0
DeAnn Ellis	Treasurer	0.50	Officer Director	$0	$0	$0
Brad Stewart	Vice Chair	0.50	Officer Director	$0	$0	$0
Laura Gaffnea	Member	0.50	Director	$0	$0	$0
Cynthia Eagan	Member	0.50	Director	$0	$0	$0
Tedo Stone	Member	0.50	Director	$0	$0	$0
Lindsey Moore	Member	0.50	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
2025	No data	No data	No data	No data
2024	$810,570	$803,190	$203,623	$7,380
2023	$711,618	$957,195	$138,832	$-245,577

Covington Downtown and Tourism Associati