COVENANT CHRISTIAN ACADEMY (EIN 232879022) - 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

1997

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

COVENANT CHRISTIAN ACADEMY, founded in 1997, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023.

Mission

COVENANT PROVIDES A CLASSICAL EDUCATION THAT: IMPARTS AN EXCELLENT ACADEMIC FOUNDATION AND A LOVE OF LEARNING. TRAINS STUDENTS TO SEE AND SUBMIT TO THE LORDSHIP OF CHRIST IN EVERY SPHERE OF LIFE AND THOUGHTFULLY ENGAGE THE WORLD WITH A DISTINCTLY CHRISTIAN WORLD VIEW

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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 $689,784

Program Service Revenue $2,176,153

Investment Income $-78,595

Other Revenue $-32,694

TOTAL REVENUE $2,754,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,902,959

Fundraising Expenses $156,575

Program Expenses $2,131,560

Other Expenses $865,071

TOTAL EXPENSES $2,768,030

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,754,648	$2,679,191	+0.0%
Expenses	$2,768,030	$2,378,993	+0.2%
Net Income	$-13,382	$300,198	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERARD BLINEBURY	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLENE BASHORE	BOARD MEMBER	1.00	Director	$0	$0	$0
BENJAMIN VRBICEK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFFREY VAN BASTELAAR	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN MELLINGER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JIM DAVIS	PRESIDENT	4.00	Officer Director	$0	$0	$0
DANIEL KERN	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID STANSBURY	TREASURER	4.00	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	$2,754,648	$2,768,030	$5,973,273	$-13,382
2023	$2,679,191	$2,378,993	$6,178,724	$300,198
2022	$2,336,077	$2,276,864	$5,978,252	$59,213
2021	$3,593,194	$1,964,277	$5,799,558	$1,628,917

COVENANT CHRISTIAN ACADEMY