My Covenant Place

EIN: 113826601 501(c)(3) Human Services

Upper Marlboro, MD

Total Revenue
$1,852,905
Total Expenses
$1,344,944
Total Assets
$509,646
Net Assets
$509,646
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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
2019
Legal Domicile
MD
Principal Officer
LaTisha Carter
Tax Period
2023-10-01 to 2024-09-30

My Covenant Place, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.9M in total revenue in fiscal year 2023. The organization ran a surplus of $508K, a strong 27% operating margin.

Mission

a non-profit in Maryland serving victims of crime and strengthening families through advocacy, counseling, and court-ordered programs like anger management and domestic violence intervention.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,852,905
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,852,905

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,150,827
Other Expenses $1,344,944
TOTAL EXPENSES $1,344,944

Year-over-Year Comparison

2023 2022 Change
Revenue $1,852,905 N/A N/A
Expenses $1,344,944 N/A N/A
Net Income $507,961 N/A N/A
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

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LaTisha Carter Executive Director 0.00
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 $1,852,905 $1,344,944 $509,646 $507,961
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