The Covenant Shelter of New London… - Form 990 Financial Data

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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

1983

Legal Domicile

Principal Officer

Katherine Hannah

Phone

8604430537

Tax Period

2024-07-01 to 2025-06-30

The Covenant Shelter of New London Inc, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $683K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $622K left a modest 9% surplus.

Mission

Provide temporary emergency shelter for persons displaced from their home for any reason.

Program Service Accomplishments

Program 1

Expenses: $505,547

The shelter provided temporary shelter for the homeless. The length of stay varied according to the need of the clients and availability of housing. Additionally, the shelter served thousands of...

The shelter provided temporary shelter for the homeless. The length of stay varied according to the need of the clients and availability of housing. Additionally, the shelter served thousands of meals to those in need.

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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 $677,512

Program Service Revenue $0

Investment Income $6,746

Other Revenue $-1,727

TOTAL REVENUE $682,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,916

Fundraising Expenses $62,326

Program Expenses $505,547

Other Expenses $141,333

TOTAL EXPENSES $621,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$682,531	$467,398	+0.5%
Expenses	$621,993	$403,956	+0.5%
Net Income	$60,538	$63,442	0.0%

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

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

$121,623

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peggy Miceli	Ex. Dir.-Former	40.00	Officer	$74,123	$0	$74,123
Katherine Hannah	CEO	40.00	Officer	$47,500	$0	$47,500
Christopher Sandford	chair	1.00	Officer Director	$0	$0	$0
Michael Susi	Asst Treasurer	1.00	Officer Director	$0	$0	$0
Madison Leonardo	Secretary	1.00	Officer Director	$0	$0	$0
Marcia Goldreich	Vice-chair	1.00	Officer Director	$0	$0	$0
Kristen Zarfos	Director	0.50	Director	$0	$0	$0
Fred Gianakos	Director	0.50	Director	$0	$0	$0
Melanie McCloskey	Director	0.50	Director	$0	$0	$0
Nikki Johns	Treasurer	1.00	Officer Director	$0	$0	$0
Al Paolillo	Director	0.50	Director	$0	$0	$0
Jessica French	Director	0.50	Director	$0	$0	$0
Zachary Leavy	Director	0.50	Director	$0	$0	$0
Father Mark O'Donnell	Director	0.50	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	$682,531	$621,993	$708,460	$60,538
2024	$467,398	$403,956	$638,804	$63,442
2023	$441,314	$397,211	$561,851	$44,103
2022	$402,233	$383,773	$510,842	$18,460
2021	$385,554	$354,270	$508,324	$31,284
2020	$402,845	$379,493	$456,128	$23,352
2019	$381,672	$412,805	$431,757	$-31,133

The Covenant Shelter of New London Inc