COVAC OPS (EIN 863158119) - 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

2021

Legal Domicile

Principal Officer

Aimee Cook

Phone

8338327067

Tax Period

2022-01-01 to 2022-12-31

COVAC OPS, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $626K in total revenue in fiscal year 2022. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $543K left a modest 13% surplus.

Mission

COVAC Ops is organized for research, education, and advocacy purposes. COVAC is dedicated to empowering underserved communities by providing data management and related services to organizations who engage and serve traditionally marginalized communities.

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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 (2022)

Revenue Breakdown

Contributions & Grants $139,935

Program Service Revenue $486,523

Investment Income $0

Other Revenue $0

TOTAL REVENUE $626,458

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $387,099

Fundraising Expenses $142,127

Program Expenses $250,626

Other Expenses $152,753

TOTAL EXPENSES $543,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$626,458	$460,418	+0.4%
Expenses	$543,352	$369,999	+0.5%
Net Income	$83,106	$90,419	-0.1%

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

N/A

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

$197,254

Total Directors

$99,967

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Madeline Eden	President	40.00	Officer	$99,994	$0	$99,994
David Gratz	Director	40.00	Director	$99,967	$0	$99,967
Aimee Cook	Secretary	40.00	Officer	$97,260	$0	$97,260

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
2022	$626,458	$543,352	$174,525	$83,106
2021	$460,418	$369,999	$91,419	$90,419

COVAC OPS