COVEN

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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

2025

Legal Domicile

Principal Officer

Bonnie Lin

Phone

6509429506

Tax Period

2025-01-01 to 2025-12-31

COVEN, founded in 2025, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2025.

Mission

COVEN is a creative placemaker that advances socioeconomic mobility for underrepresented artists through storytelling, funding, and activations in Third Places. COVEN is supported by ThirdPlace Partners (TPP), a fractional real estate investment firm that develops community-centered hubs focused on creativity, culture, care, consciousness, and conservation. Our network includes over 12 community spaces in the Bay Area.

Program Service Accomplishments

Program 1

Expenses: $148,450 Revenue: $227,198

COVEN is a nonprofit advancing socioeconomic mobility through creative placemaking. It powers entrepreneurial creatives and activates the Third Places where art is made and displayed. We amplify the sidelined voices of underrepresented artists through storytelling and support, providing access to talent, workspace, grants, and commercial opportunities. We support creative spaces through capacity-building, cultural activations, and community development.

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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 (2025)

Revenue Breakdown

Contributions & Grants $149,477

Program Service Revenue $77,721

Investment Income $0

Other Revenue $0

TOTAL REVENUE $227,198

Expense Breakdown

Grants Paid $102,037

Salaries & Benefits $46,775

Fundraising Expenses $9,146

Program Expenses $148,450

Other Expenses $72,018

TOTAL EXPENSES $220,830

Year-over-Year Comparison

	2025	2024	Change
Revenue	$227,198	N/A	N/A
Expenses	$220,830	N/A	N/A
Net Income	$6,368	N/A	N/A

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

$46,775

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bonnie Lin	CFO	40.00	Officer	$46,775	$0	$46,775
Ariel Sutro	Secretary	40.00	Director	$0	$0	$0
Allyson Young Esposito	CEO	10.00	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	$227,198	$220,830	$12,252	$6,368