COVENANT CHRISTIAN ACADEMY INC (EIN 043170101) - 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

1991

Legal Domicile

Principal Officer

David Anastasi

Phone

9785357100

Tax Period

2023-07-01 to 2024-06-30

COVENANT CHRISTIAN ACADEMY INC, founded in 1991, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.6M left a modest 14% surplus.

Mission

Elementary and high school education for grades Pre-K through Grade 12.

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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 $514,914

Program Service Revenue $7,256,011

Investment Income $132,578

Other Revenue $856,821

TOTAL REVENUE $8,760,324

Expense Breakdown

Grants Paid $1,223,218

Salaries & Benefits $4,347,104

Fundraising Expenses $96,041

Program Expenses $6,672,967

Other Expenses $1,990,838

TOTAL EXPENSES $7,561,160

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,760,324	$7,368,969	+0.2%
Expenses	$7,561,160	$6,974,766	+0.1%
Net Income	$1,199,164	$394,203	+2.0%

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

135

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

Total Directors

Key Employees

$311,792

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Anastasi	Head of School	50	Key Emp	$125,000	$23,995	$148,995
Andrea Bergstrom	Lower School Principal	50	Key Emp	$90,000	$4,516	$94,516
Jessica Rossotti	CFO	50	Key Emp	$65,000	$3,281	$68,281
Leslie Baird	Vice Chair	5	Director	$0	$0	$0
Chrystal Porter	Board Member	5	Director	$0	$0	$0
Ryan Plosker	Chair	5	Director	$0	$0	$0
Kathy Azadian	Board Member	5	Director	$0	$0	$0
Marcio DeJesus	Board Member	5	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
2025	No data	No data	No data	No data
2024	$8,760,324	$7,561,160	$16,551,393	$1,199,164
2023	$7,368,969	$6,974,766	$14,982,975	$394,203
2022	$6,568,954	$5,940,448	$13,783,734	$628,506
2021	$5,338,188	$4,695,004	$13,146,003	$643,184
2020	$5,811,580	$4,448,031	$10,628,865	$1,363,549
2019	$4,940,833	$4,485,935	$8,853,497	$454,898
2018	$4,622,992	$4,013,667	$8,569,981	$609,325

COVENANT CHRISTIAN ACADEMY INC