COVENANT OF LOVE UUL CORP (EIN 010868265) - 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

2007

Legal Domicile

Principal Officer

CHARLENE W BYNUM

Phone

7028104830

Tax Period

2023-01-01 to 2023-12-31

COVENANT OF LOVE UUL CORP, founded in 2007, is a small nonprofit in the Crime & Legal sector that reported $588K in total revenue in fiscal year 2023. Revenue surged 53% from the prior year, signaling strong growth momentum. Expenses of $659K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE FOOD, SHELTER COUNCEL TO HOMELESS. TO ASSIST INDIVIDUALS AND FAMILIES SPECIAL NEEDS, ASSIST IN FEEDING THE POOR AND PROVIDE COUNSELING FOR EX-OFFENDERS

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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 (2023)

Revenue Breakdown

Contributions & Grants $588,025

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $588,025

Expense Breakdown

Grants Paid $247,723

Salaries & Benefits $297,428

Fundraising Expenses $0

Program Expenses $510,858

Other Expenses $113,470

TOTAL EXPENSES $658,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$588,025	$383,924	+0.5%
Expenses	$658,621	$493,538	+0.3%
Net Income	$-70,596	$-109,614	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLEATHEA MANNING	DIRECTOR	010.00	Director	$0	$0	$0
KESHON J KIPER	DIRECTOR	010.00	Director	$0	$0	$0
CHARLENE W BYNUM	PRESIDENT	080.00	Officer	$0	$0	$0
RUSTERIR P ARMSTRONG	TREASURER/SECRETARY	010.00	Officer	$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	No data	No data	No data	No data
2023	$588,025	$658,621	$452,691	$-70,596
2022	$383,924	$493,538	$523,287	$-109,614
2021	$252,786	$511,267	$641,519	$-258,481
2018	$469,366	$477,206	$2,423	$-7,840

COVENANT OF LOVE UUL CORP