COVENANT SOUP KITCHEN INC (EIN 203498376) - 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

2006

Legal Domicile

Principal Officer

JAMES R MARK

Phone

8604231643

Tax Period

2023-07-01 to 2024-06-30

COVENANT SOUP KITCHEN INC, founded in 2006, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $327K, a strong 18% operating margin.

Mission

REALIZING THAT PEOPLE CAN BE IMPOVERISHED PHYSICALLY, MENTALLY, EMOTIONALLY, SPIRTUALLY, SOCIALLY AND FINANCIALLY. THE COVENANT SOUP KITCHEN PROVIDES FOOD AND ACCESS TO BASIC SERVICES IN AN ENVIRONMENT OF CARE, LOVE, SUPPORT AND SAFETY TO THOSE INDIVIDUALLY AND FAMILIES FROM THE GREATER WINDHAM COMMUNITY WHO COME THROUGH OUR DOORS. WE RELY ON THE GENEROSITY OF THE COMMUNITY AND ITS FAITH TO HELP CARRY OUT THIS MISSION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,734,211

Program Service Revenue $0

Investment Income $65,808

Other Revenue $0

TOTAL REVENUE $1,800,019

Expense Breakdown

Grants Paid $932,095

Salaries & Benefits $252,757

Fundraising Expenses $17,787

Program Expenses $1,401,240

Other Expenses $288,290

TOTAL EXPENSES $1,473,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,800,019	$1,587,898	+0.1%
Expenses	$1,473,142	$1,290,798	+0.1%
Net Income	$326,877	$297,100	+0.1%

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

750

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

$81,886

Total Directors

$81,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY CLARK	EXECUTIVE DI	40.00	Officer Director	$81,886	$0	$81,886
KATHRYN CYR	DIRECTOR	1.00	Director	$0	$0	$0
KATE STARKEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM SWART	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE VALLIERE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES R MARK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RAY ARAMINI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SHERYL LAMBERT	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL COLEY	SECRETARY	1.00	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	No data	No data	No data	No data
2024	$1,800,019	$1,473,142	$3,559,248	$326,877
2023	$1,587,898	$1,290,798	$3,150,784	$297,100
2022	$1,903,852	$1,302,395	$2,862,505	$601,457
2021	$1,854,753	$1,426,645	$2,371,752	$428,108
2020	$1,541,207	$1,132,644	$1,827,791	$408,563
2019	$1,082,062	$886,093	$1,411,993	$195,969
2018	No data	$32,822	$1,009,336	No data
2018	$1,370,212	$1,128,731	$1,300,360	$241,481

COVENANT SOUP KITCHEN INC