COVENANT HOUSE (EIN 132725416) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

WILLIAM BEDROSSIAN

Phone

2127274057

Tax Period

2024-07-01 to 2025-06-30

COVENANT HOUSE, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $94.6M in total revenue in fiscal year 2024.

Mission

IN 34 CITIES ACROSS FIVE COUNTRIES, COVENANT HOUSE BUILDS BRIDGES TO HOPE FOR YOUNG PEOPLE FACING HOMELESSNESS AND SURVIVORS OF HUMAN TRAFFICKING. WE MEET THEIR IMMEDIATE NEEDS FOR FOOD, CLOTHING, PROTECTION, AND MEDICAL AND MENTAL HEALTH CARE; SUPPORT THEM TO ADVANCE THEIR GOALS OF EDUCATION AND EMPLOYMENT; AND OFFER HOMELESSNESS PREVENTION AND AFTERCARE SERVICES TO REDUCE THE RISK OF A YOUNG PERSON BECOMING HOMELESS IN THE FIRST PLACE AND THE LIKELINESS OF RECURRING HOMELESSNESS. COVENANT HOUSE ENCOMPASSES A ROBUST NETWORK OF "HOUSES," WITH BEST-IN-CLASS SERVICES AND A SHARED COMMITMENT TO UNCONDITIONAL LOVE, ABSOLUTE RESPECT, AND RELENTLESS SUPPORT FOR EACH YOUNG PERSON WHO COMES TO OUR DOORS. FOUNDED AS A DROP-IN CENTER IN NEW YORK CITY IN 1972, COVENANT HOUSE NOW REACHES TENS OF THOUSANDS OF CHILDREN AND YOUTH EVERY YEAR IN OUR RESIDENTIAL, OUTREACH, DROP-IN, PREVENTION, AND AFTERCARE PROGRAMS. OUR DEDICATED STAFF ACROSS THE UNITED STATES, GUATEMALA, HONDURAS, MEXICO, AND CANADA EMPLOY A STRENGTH-BASED, TRAUMA-INFORMED PROGRAM MODEL THAT HELPS YOUNG PEOPLE DISCOVER AND DEVELOP THEIR POWER TO OVERCOME ADVERSITY NOW AND INTO THE FUTURE. OUR NORTH STAR IS TO END YOUTH HOMELESSNESS AS WE KNOW IT TODAY. YOUNG PEOPLE ARRIVE AT COVENANT HOUSE WITH AN ARRAY OF LIVED EXPERIENCES, INCLUDING FOSTER CARE, FAMILY TRAUMA, SUBSTANCE USE, MENTAL HEALTH CHALLENGES, DOMESTIC VIOLENCE, SEXUAL ABUSE, DISPLACEMENT, AND HUMAN TRAFFICKING. YOUTH MAY COME TO US SCARRED BY ANTI-LGBTQ+ DISCRIMINATION AND VIOLENCE, OR AS PARENTS OF SMALL CHILDREN, OR PREGNANT. OUR STAFF MEET THEM WHERE THEY ARE, HELP THEM STABILIZE THEIR SITUATION, AND ACCOMPANY THEM THROUGH OUR HIGH-QUALITY SERVICES ON THEIR JOURNEY TO WHOLENESS AND INDEPENDENCE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $91,027,389

Program Service Revenue $927,000

Investment Income $1,661,629

Other Revenue $980,877

TOTAL REVENUE $94,596,895

Expense Breakdown

Grants Paid $36,430,248

Salaries & Benefits $21,768,766

Fundraising Expenses $11,181,921

Program Expenses $75,183,627

Other Expenses $36,737,572

TOTAL EXPENSES $96,308,464

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,596,895	$93,878,754	+0.0%
Expenses	$96,308,464	$92,682,479	+0.0%
Net Income	$-1,711,569	$1,196,275	-2.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

133

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

$1,418,705

Total Directors

Key Employees

$1,893,073

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP J ANDRYC	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ERIC HUTCHERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ACKER	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN AGUIAR	DIRECTOR	1.00	Director	$0	$0	$0
AMY ALEXY	DIRECTOR	1.00	Director	$0	$0	$0
DR ROLAND ANGLIN	DIRECTOR, THRU DEC 2024	1.00	Director	$0	$0	$0
STEPHANIE ASBURY	DIRECTOR	1.00	Director	$0	$0	$0
DR MERRIAN BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BROSNAHAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDY BUSTILLO	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN M CASHMAN	DIRECTOR	1.00	Director	$0	$0	$0
DENIS COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH COLLIER	DIRECTOR	1.00	Director	$0	$0	$0
JON S CORZINE	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN DAVIDSON	DIRECTOR	1.00	Director	$0	$0	$0
ARIANA DEBOSE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARK DODDS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID EKLUND	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HEGARTY	DIRECTOR	1.00	Director	$0	$0	$0
NANNETTE HENDEL	DIRECTOR	1.00	Director	$0	$0	$0
MARK J HENNESSY	DIRECTOR, THRU DEC 2024	1.00	Director	$0	$0	$0
DR APRIL RAY HUNZIKER	DIRECTOR	1.00	Director	$0	$0	$0
TRACY S JONES WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JANET M KEATING	DIRECTOR, THRU DEC 2024	1.00	Director	$0	$0	$0
BILL LIVEK	DIRECTOR	1.00	Director	$0	$0	$0
AUDRA A MCDONALD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK MORRISSEY	DIRECTOR	1.00	Director	$0	$0	$0
VIVIAN SCOTT CHEW	DIRECTOR	1.00	Director	$0	$0	$0
L EDWARD SHAW JR	DIRECTOR	1.00	Director	$0	$0	$0
MARY T SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
RAHNOLD THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
JASON VILLANUEVA	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH WILLMAN	DIRECTOR	1.00	Director	$0	$0	$0
LUCAS ZELNICK	DIRECTOR	1.00	Director	$0	$0	$0
STRAUSS ZELNICK	DIRECTOR, THRU DEC 2024	1.00	Director	$0	$0	$0
WILLIAM BEDROSSIAN	PRESIDENT & CEO	23.00	Officer	$474,264	$61,586	$535,850
PAMELA KOURNETAS	TREASURER/CFO, THRU JUNE 2025	32.00	Officer	$400,496	$23,396	$423,892
JOHN DUCOFF	CHIEF LEGAL OFFICER/SECRETARY	35.00	Officer	$382,820	$76,143	$458,963
JILL VORNDRAN	CHIEF DEVELOPMENT OFFICER	35.00	Key Emp	$386,818	$101,014	$487,832
CARLETTE MACK CHIEF PEOPLE	CULTURE, & INCLUSION, THRU AUG 2024	35.00	Key Emp	$516,140	$51,926	$568,066
VIRGINIA PRYOR	CHIEF STRATEGY OFFICER	40.00	Key Emp	$371,376	$16,482	$387,858
LESLIE MCGUIRE	CHIEF PROGRAM OFFICER	35.00	Key Emp	$371,020	$78,297	$449,317
THOMAS MONAGHAN	SVP, KEY PARTNERSHIPS	35.00	Highest	$303,345	$80,567	$383,912
DANIEL KARP	SVP, INTEGRATED DIRECT MARKETING	35.00	Highest	$270,442	$69,658	$340,100
GINA BULTER	SVP, KEY RELATIONSHIPS	35.00	Highest	$247,094	$19,743	$266,837
COURTNEY UNDERWOOD	SVP, PEOPLE AND CULTURE	40.00	Highest	$233,672	$33,549	$267,221
LENORE HAAS	SVP, FINANCE	40.00	Highest	$223,383	$65,143	$288,526

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	$94,596,895	$96,308,464	$161,881,967	$-1,711,569
2024	$93,878,754	$92,682,479	$159,802,055	$1,196,275
2023	$88,308,947	$93,499,670	$154,690,928	$-5,190,723
2022	$154,746,645	$92,946,496	$155,866,483	$61,800,149
2021	$87,221,273	$83,775,489	$156,506,513	$3,445,784
2020	$93,310,785	$78,169,379	$124,224,135	$15,141,406
2019	$70,452,876	$70,935,940	$118,427,043	$-483,064
2018	$85,149,978	$72,205,214	$106,738,113	$12,944,764

COVENANT HOUSE