Coverd Greater Cincinnati
Nonprofit profile at a glance
- EIN
- 475175383
- IRS 990 coverage
- 2017–2024
- Forms available
- Form 990 2024, Form 990-EZ 2016
- Location
- Cincinnati, OH, USA
- Phone
- 5134021450
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $1,290,850
- Expenses
- $1,217,515
- Assets
- $994,847
- Liabilities
- $50,000
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- MEGAN MILSTEAD (CEO)
Highest reported compensation
- MEGAN MILSTEAD (CEO): $119,372 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission: we promote dignity and health for people in need by increasing awareness of the need for, and access to, essential hygiene products. Vision: we envision a region where people are happy, healthy, and safe because their basic needs are met with dignity.
What it reported doing in 2024
Adult incontinence and potty-readiness supply program: to restore dignity and health to all people in our community who can't afford basic hygiene items. Distributed 461 potty-training toolkits which included 46,100 pull-ups in 2024.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.8%; rating input score 72
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: $6.97 raised per $1 spent on fundraising; rating input score 26; 26th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 5.7%; rating input score 52; 52nd percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 9.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 15.9% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 19.4% per year; rating input score 100; 85th percentile among comparable filings
- Asset growth: 26.5% per year; rating input score 100; 88th percentile among comparable filings
Details
- Where the money goes: 71.8% of revenue deployed · 76% of spending went to programs
- Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $925K in reported program spending
- Leadership: top reported pay $119K · 14 people listed
- Consistency: 33 of 33 current checks pass
- Schedules: 7 filed schedules · includes major donors
- Filing history: 6 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 26/100.
- Review — Sustainability: Operating margin scored 52/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 36/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.