Covia Communities (EIN 946130471) - 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

1965

Legal Domicile

Principal Officer

JOHN WOODWARD

Phone

9259567400

Tax Period

2021-04-01 to 2022-03-31

Covia Communities, founded in 1965, is a major nonprofit that reported $275.8M in total revenue in fiscal year 2021. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $131.7M, a strong 48% operating margin.

Mission

COVIA COMMUNITIES PROVIDES HOUSING AND OTHER SUPPORTIVE SERVICES TO SENIORS OF ALL ECONOMIC MEANS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $134,591,309

Program Service Revenue $134,963,967

Investment Income $4,247,603

Other Revenue $2,029,250

TOTAL REVENUE $275,832,129

Expense Breakdown

Grants Paid $3,878,311

Salaries & Benefits $62,211,569

Fundraising Expenses $0

Program Expenses $139,540,599

Other Expenses $78,079,410

TOTAL EXPENSES $144,169,290

Year-over-Year Comparison

	2021	2020	Change
Revenue	$275,832,129	$149,175,051	+0.8%
Expenses	$144,169,290	$142,096,298	+0.0%
Net Income	$131,662,839	$7,078,753	+17.6%

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

1440

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

$3,980,211

Total Directors

Key Employees

$3,792,565

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Woodward	CEO	11.0	Officer	$0	$10,268	$1,042,970
Diana Jamison	TREASURER, CFO	12.0	Officer	$244,960	$20,929	$766,608
Eduardo Salvador	CFO	9.0	Officer	$0	$49,111	$592,875
Mary McMullin	SEC./CHIEF STRGY & ADV OFFICER	12.0	Officer	$152,538	$48,996	$574,602
Kari Olson	Chief Information Officer	13.0	Key Emp	$0	$56,639	$534,903
Ronald Schaefer	COO - END:Feb 2022	12.0	Officer	$0	$28,922	$519,666
Joseph Butler	Assistant Secretary	10.0	Officer	$0	$11,719	$483,490
Desiree Burton	SVP-HUMAN RESOURCES	13.0	Highest	$0	$10,980	$453,922
Tracy Powell	VP OF OUTREACH PROGRAMS	40.0	Key Emp	$348,271	$35,514	$383,785
Christopher Ichien	VP OF LIFE PLAN OPERATIONS	38.0	Key Emp	$321,974	$43,680	$365,654
Sally Plank	EXECUTIVE DIRECTOR	13.0	Highest	$0	$22,249	$335,254
Christopher Dana	VP OF IT	33.0	Key Emp	$258,563	$73,964	$332,527
Winston Hughes	VP INFORMATION TECHNOLOGY	13.0	Highest	$0	$28,309	$306,072
Jonathan Casey	VP FINANCE AFFORDABLE HOUSing	5.0	Key Emp	$241,151	$49,252	$290,403
Prabhjot K Brinton	VP OF HR	35.0	Key Emp	$249,057	$38,424	$287,481
Eddie Okada	DIRECTOR FINANCIAL PLANNING	13.0	Highest	$0	$19,152	$281,274
Linda Hibbs	EXECUTIVE DIRECTOR WH	40.0	Key Emp	$220,434	$16,074	$236,508
Karim Sultan	VP-AH - END:Jan 2022	5.0	Key Emp	$216,226	$19,099	$235,325
Christina Spence	EXECUTIVE DIRECTOR SFT	40.0	Key Emp	$211,971	$10,798	$222,769
Jerry Brown	Sr. Director-AH - END:Jan 2022	5.0	Highest	$201,781	$11,234	$213,015
Elvyra Abare	EXECUTIVE DIRECTOR CW	40.0	Key Emp	$186,912	$16,181	$203,093
Sheila Pederson	Rev. Cycle Dir. - END:Dec 2021	40.0	Key Emp	$158,024	$21,880	$179,904
Toni Eslick	Human Resources Director	35.0	Key Emp	$170,085	$8,496	$178,581
Linda McMenamin	Senior Living Counselor	40.0	Key Emp	$156,235	$16,151	$172,386
Michael Cataldo	EXEC. Dir.-SLV - END:July 2021	40.0	Key Emp	$164,167	$5,079	$169,246
PETER DUNCKEL	DIRECTOR	1.0	Director	$0	$0	$0
NANCY DURANTEAU	DIRECTOR	1.0	Director	$0	$0	$0
VINCE FORTE	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JOANNE HANDY	DIRECTOR	1.0	Director	$0	$0	$0
MARY ELLEN HEISING	DIRECTOR	1.0	Director	$0	$0	$0
LAURA JACOBS	DIRECTOR	1.0	Director	$0	$0	$0
JIMMIE KENNEDY	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN KROEKER	DIRECTOR	1.0	Director	$0	$0	$0
MARION MCGOVERN	DIRECTOR	1.0	Director	$0	$0	$0
KAY MURPHY	DIRECTOR	1.0	Director	$0	$0	$0
DEBORAH PROCTOR	CHAIR	1.0	Officer Director	$0	$0	$0
SUANNE RAMAR	DIRECTOR	1.0	Director	$0	$0	$0
LANNIE TONNU	DIRECTOR	1.0	Director	$0	$0	$0
OLIVER WESSON JR	DIRECTOR	1.0	Director	$0	$0	$0
Susan Whittaker	DIRECTOR	1.0	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
2022	$275,832,129	$144,169,290	No data	$131,662,839
2021	$149,175,051	$142,096,298	$513,867,587	$7,078,753
2020	$147,771,280	$144,045,741	$466,296,281	$3,725,539
2019	$153,761,637	$173,012,536	$494,088,394	$-19,250,899

Covia Communities