COVENANT HOME SERVICES (EIN 260744025) - 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

2007

Legal Domicile

Principal Officer

DAVID ERICKSON

Phone

7738782294

Tax Period

2023-10-01 to 2024-09-30

COVENANT HOME SERVICES, founded in 2007, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.9M in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $3.6M, a strong 19% operating margin.

Mission

TO PROMOTE AND MAINTAIN THE WELL-BEING OF INDIVIDUALS IN THEIR HOMES.

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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 $328,746

Program Service Revenue $18,929,296

Investment Income $8,654

Other Revenue $0

TOTAL REVENUE $19,266,696

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,730,316

Fundraising Expenses $0

Program Expenses $12,108,386

Other Expenses $5,457,686

TOTAL EXPENSES $18,188,002

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,266,696	$17,349,016	+0.1%
Expenses	$18,188,002	$16,638,298	+0.1%
Net Income	$1,078,694	$710,718	+0.5%

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

367

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

$3,161,302

Total Directors

$2,095,747

Key Employees

$1,302,982

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI S CUNLIFFE	DIRECTOR/CLCS PRESIDENT/CEO-PART YR	1.00	Officer Director	$0	$33,657	$961,812
DAVID G ERICKSON	GEN COUNSEL PART YR/ASST SEC/CEO	1.00	Officer Director	$0	$122,066	$554,672
JEAN E JUSTIE	CFO/TREASURER/ASST SECRETARY	1.00	Officer	$0	$90,531	$550,215
ELIZABETH MCLAREN	SR VP/REV CYCLE,/REIM, HOME, & COM. SERVS	22.50	Key Emp	$0	$72,347	$481,956
WILLIAM RABE	CHIEF INFO & TECH OFFICER/ASST SEC.	1.00	Officer	$0	$60,892	$424,704
TANDERIA BROWN	CHIEF HUMAN RESOURCES OFFICER	1.00	Key Emp	$0	$65,889	$370,604
TODD SLECHTA	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$59,996	$365,122
CORY KALLHEIM	GENERAL COUNSEL/ASST SECRETARY	1.00	Officer	$0	$70,455	$325,787
CORY STERN	FORMER INTERIM FINANCE LEAD/TREAS.	0.00		$0	$34,904	$268,486
JAY PRINCE	SVP, COMMUNITY OPS/ASST SECRETARY	1.00	Officer	$0	$24,248	$235,346
RONDA MALMBERG	AGENCY ADMINISTRATOR	40.00	Key Emp	$188,948	$41,218	$230,166
TERESA FELDER	AGENCY ADMINISTRATOR	40.00	Key Emp	$195,351	$24,905	$220,256
TAMMY SWANSON-DRAHEIM	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$105,500	$214,141
HIREN DESAI	RN, CASE MANAGER	40.00	Highest	$163,811	$41,990	$205,801
CHERLY WOLFLEY	REHAB TEAM LEADER	40.00	Highest	$147,490	$20,014	$167,504
OLLIVIER LEPKOWICZ	RN, CASE MANAGER	40.00	Highest	$136,776	$27,512	$164,288
KINGA KADELA	PHYSICAL THERAPIST	40.00	Highest	$143,605	$4,300	$147,905
KIMBERLY BRACE	HOME HEALTH, RN	40.00	Highest	$137,545	$4,126	$141,671
EMILY WARNYGORA	SR. EXEC. ASST TO CEO/ASST SECRETARY	1.00	Officer	$0	$13,095	$108,766
JANET CREANEY	DIRECTOR/CHAIR	0.10	Officer Director	$0	$0	$0
LORENE FLEWELLEN	DIRECTOR/VICE CHAIR	0.10	Officer Director	$0	$0	$0
JANET GOELZ HOFFMAN	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$0	$0
ALLAN ANDERSON	DIRECTOR	0.10	Director	$0	$0	$0
SARAH BENTLEY	DIRECTOR	0.10	Director	$0	$0	$0
KATHY BUETTNER	DIRECTOR	0.10	Director	$0	$0	$0
PAMELA CHRISTENSEN	DIRECTOR	0.10	Director	$0	$0	$0
ARTHUR DEROOY	DIRECTOR/EX-OFFICIO - PART YEAR	0.10	Director	$0	$0	$0
JOHN FREDRICKSON	DIRECTOR	0.10	Director	$0	$0	$0
KURT KINCANON	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW MANLOVE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER MEANS	DIRECTOR	0.10	Director	$0	$0	$0
MARY PALMER	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$0	$0
LOANN PETERSON	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
DIXIE REPPE	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
RICK SHEPARD	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW VANOVER	DIRECTOR	0.10	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
2024	$19,266,696	$18,188,002	$4,773,855	$1,078,694
2023	$17,349,016	$16,638,298	$4,443,689	$710,718
2022	$17,696,111	$17,272,779	$4,543,383	$423,332
2021	$19,945,010	$17,273,118	$4,392,429	$2,671,892
2020	$17,993,921	$17,917,933	$4,670,931	$75,988
2019	$18,923,619	$15,371,369	$5,244,461	$3,552,250

COVENANT HOME SERVICES