Covered Community

Nonprofit profile at a glance

EIN
473399350
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Los Angeles, CA, USA
Phone
3234704740
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Support Services

Reported finances

Revenue
$1,074,151
Expenses
$898,510
Assets
$276,245
Liabilities
$66,972

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • Jame Rolfe (Executive Director)

Highest reported compensation

  • Kimberly Kelly Rolfe (Program Director): $130,183 total reported compensation
  • Jame Rolfe (Executive Director): $70,962 total reported compensation
  • Darron Erlington (Treasurer): $45,424 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to provide Small Business Technical Assistance services to small businesses that enable them to scale and grow. These services are provided primarily via our accelerator and incubator as well as training webinars. Covered Community delivers programs that support the needs of socially and economically disadvantaged individuals via our community outreach program that provides food, clothing, supplies and placement. Placement can include jobs, housing and necessary services

What it reported doing in 2024

Small Business Technical Assistance - Covered Community provides technical services to small businesses that enables them to scale and grow. These services are provided primarily via our accelerator and incubator as well as training webinars such as Contract Connections and Lunch and Learn opportunities

Operating model

Revenue model
Donor-supported. 100% 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.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 92
  • Accountability: 67
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 52.6%; rating input score 53
  • Program expense ratio: 62.8%; rating input score 63
  • Fundraising efficiency: $30.11 raised per $1 spent on fundraising; rating input score 68; 68th 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: 66.7%; rating input score 67; 14th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 16.4%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 27.4%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 60% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 111.7% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 128.3% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 52.6% of revenue deployed · 62.8% of spending went to programs
  • Governance: 2 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $565K in reported program spending
  • Leadership: top reported pay $130K · 4 people listed
  • Highest-paid contractors: 1 contractor listed · $180K reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 53/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.