COVENANT COMMUNITY SCHOOL INC (EIN 043710436) - 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

2002

Legal Domicile

Principal Officer

ODELL WALTERS

Phone

4057470388

Tax Period

2024-07-01 to 2025-06-30

COVENANT COMMUNITY SCHOOL INC, founded in 2002, is a small nonprofit in the Education sector that reported $768K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

Mission

AT COVENANT COMMUNITY SCHOOL OUR MISSION IS TO PARTNER WITH PARENTS IN TRAINING HEARTS FOR GOD, MINDS FOR TRUTH, INSPIRATION FOR LEARNING AND PROVIDE OUTSTANDING ACHIEVEMENT OPPORTUNITIES FOR ALL STUDENTS. COVENANT COMMUNITY SERVES THE STILLWATER COMMUNITY WITH AN OPPORTUNITY FOR A CHRISTIAN EDUCATION. WE SERVE THE WHOLE COMMUNITY INCLUDING AT RISK STUDENTS. WE PROVIDE SMALL CLASSES WHICH ENHANCES INDIVIDUALIZED INSTRUCTION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $754,692

Investment Income $0

Other Revenue $13,169

TOTAL REVENUE $767,861

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,164

Fundraising Expenses $0

Program Expenses $744,733

Other Expenses $196,424

TOTAL EXPENSES $816,588

Year-over-Year Comparison

	2024	2023	Change
Revenue	$767,861	$849,579	-0.1%
Expenses	$816,588	$807,931	+0.0%
Net Income	$-48,727	$41,648	-2.2%

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

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
ODELL WALTERS	PRESIDENT	5.00	Officer Director	$0	$0	$0
AARON COLE	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOE WILLMOTH	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN DICKEY	TREASURER	2.00	Officer 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	$767,861	$816,588	$952,698	$-48,727
2024	$849,579	$807,931	$1,045,800	$41,648
2023	$942,812	$850,972	$1,047,520	$91,840

COVENANT COMMUNITY SCHOOL INC