COVENANT COMMUNITY SCHOOL INC (EIN 204173225) - 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

2005

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

COVENANT COMMUNITY SCHOOL INC, founded in 2005, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $200K, a strong 15% operating margin.

Mission

CHRISTIAN NON-DENOMINATIONAL EDUCATION INSTITUTION

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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 $5,939

Program Service Revenue $1,314,724

Investment Income $6,469

Other Revenue $3,389

TOTAL REVENUE $1,330,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $707,705

Fundraising Expenses $0

Program Expenses $1,077,739

Other Expenses $422,916

TOTAL EXPENSES $1,130,621

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,330,521	$1,158,337	+0.1%
Expenses	$1,130,621	$982,296	+0.2%
Net Income	$199,900	$176,041	+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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SOUCINEK	DIRECTOR	10.00	Officer	$0	$0	$0
CYNTHIA SOUCINEK	DIRECTOR	40.00	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	No data	No data	No data	No data
2023	$1,330,521	$1,130,621	$610,789	$199,900
2022	$1,158,337	$982,296	$410,545	$176,041
2021	$924,063	$825,701	$184,764	$98,362
2020	$627,587	$671,494	$88,105	$-43,907
2019	$656,299	$706,420	$87,439	$-50,121
2018	$688,967	$741,594	$143,385	$-52,627

COVENANT COMMUNITY SCHOOL INC