CIVIC VENTURES DBA COGENERATE (EIN 943274339) - 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

1997

Legal Domicile

Principal Officer

MARC FREEDMAN

Phone

4158668379

Tax Period

2024-01-01 to 2024-12-31

CIVIC VENTURES DBA COGENERATE, founded in 1997, is a community nonprofit in the Civil Rights & Advocacy sector that reported $1.8M in total revenue in fiscal year 2024. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $5.3M exceeded revenue, resulting in a 195% operating deficit.

Mission

COGENERATE BRINGS OLDER AND YOUNGER PEOPLE TOGETHER TO SOLVE PROBLEMS, BRIDGE DIVIDES, AND CO-CREATE A BETTER FUTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,490,308

Program Service Revenue $57,746

Investment Income $252,824

Other Revenue $3,563

TOTAL REVENUE $1,804,441

Expense Breakdown

Grants Paid $1,657,392

Salaries & Benefits $2,310,458

Fundraising Expenses $346,460

Program Expenses $4,523,238

Other Expenses $1,357,044

TOTAL EXPENSES $5,324,894

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,804,441	$5,750,108	-0.7%
Expenses	$5,324,894	$5,921,039	-0.1%
Net Income	$-3,520,453	$-170,931	+19.6%

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

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

$540,530

Total Directors

$298,985

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARC FREEDMAN	CO-CEO	40.00	Officer Director	$257,662	$41,323	$298,985
EUNICE LIN NICHOLS	CO-CEO	40.00	Officer	$229,671	$11,874	$241,545
MARCI ALBOHER	VP COMMUNICATIONS	40.00		$145,016	$30,567	$175,583
STEFANIE WEISS	STRATEGIC COMMUN.	40.00		$148,882	$18,769	$167,651
SARAH GIBSON	CONTENT MKING PDR	40.00		$125,654	$33,965	$159,619
MARCO AUSTIN	CONTROLLER	40.00		$120,261	$21,855	$142,116
MEGAN MCCARTHY	VP OPS & FINANCE	40.00		$131,597	$5,459	$137,056
SUSAN GIANINNO	Chairman	3.00	Officer Director	$0	$0	$0
CHIP CONLEY	CO-VICE CHAIR	3.00	Officer Director	$0	$0	$0
DAVID HSU	CO-VICE CHAIR	3.00	Officer Director	$0	$0	$0
DOTTY HAYES	Treasurer	3.00	Officer Director	$0	$0	$0
RAYMOND JETSON	Secretary	3.00	Officer Director	$0	$0	$0
RABBI LAURA GELLER	Director	3.00	Director	$0	$0	$0
MARINA KIM	Director	3.00	Director	$0	$0	$0
PAUL IRVING	Director	3.00	Director	$0	$0	$0
SERENA BIAN	Director	3.00	Director	$0	$0	$0
G ERNEST GONZALES	Director	3.00	Director	$0	$0	$0
CRAIG HUNEGS	Director	3.00	Director	$0	$0	$0
LOFTON HOLDER	Director	3.00	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
2024	$1,804,441	$5,324,894	$5,061,056	$-3,520,453
2023	$5,750,108	$5,921,039	$8,892,626	$-170,931
2022	$5,273,634	$5,143,727	$9,108,955	$129,907
2021	$4,839,374	$4,840,434	$9,047,676	$-1,060
2020	$7,281,374	$4,857,448	$9,304,007	$2,423,926
2019	$3,732,596	$4,202,911	$6,167,353	$-470,315
2018	$4,214,829	$6,109,037	$6,620,166	$-1,894,208

CIVIC VENTURES DBA COGENERATE