COVENANT HOUSING CORPORATION OF CENTRAL (EIN 161429861) - 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

1992

Legal Domicile

Principal Officer

RICHARD PRUE

Phone

3154493552

Tax Period

2024-01-01 to 2024-12-31

COVENANT HOUSING CORPORATION OF CENTRAL, founded in 1992, is a small nonprofit in the Unknown sector that reported $877K in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE HOUSING FOR INDIVIDUALS WITH LOW INCOME AND DISABILITIES.

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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 $449,258

Program Service Revenue $427,812

Investment Income $0

Other Revenue $169

TOTAL REVENUE $877,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $223,799

Fundraising Expenses $0

Program Expenses $804,354

Other Expenses $627,829

TOTAL EXPENSES $851,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$877,239	$1,132,077	-0.2%
Expenses	$851,628	$1,067,376	-0.2%
Net Income	$25,611	$64,701	-0.6%

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

$70,503

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL L KANTAK	DIRECTOR	1.00	Director	$0	$0	$0
DOTTIE DESIMONE	TREASURER	4.00	Officer Director	$0	$0	$0
MARTHA O'GRADY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
FELICIA BLACK	SECRETARY	1.00	Officer Director	$0	$0	$0
SUSAN HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW WARD	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD PRUE	PRESIDENT	1.00	Officer Director	$0	$0	$0
NICOLE MIRRA	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA LOCKE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CIOTA	DIRECTOR EMERITUS	1.00	Director	$0	$0	$0
SHANNON CUNNINGHAM	CHIEF EXECUTIVE OFFICER	30.00	Officer	$57,196	$13,307	$70,503

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	$877,239	$851,628	$2,389,333	$25,611
2023	$1,132,077	$1,067,376	$2,391,133	$64,701
2022	$644,085	$596,567	$2,529,047	$47,518
2021	$752,003	$693,017	$2,455,764	$58,986
2020	$715,258	$651,522	$2,145,185	$63,736
2019	$743,468	$630,719	$2,120,341	$112,749
2018	$640,909	$598,849	$1,982,412	$42,060

COVENANT HOUSING CORPORATION OF CENTRAL