COVENANT MINISTRY OF HOPE

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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

2008

Legal Domicile

Principal Officer

W GORDON DOUGLAS

Phone

2523550123

Tax Period

2020-07-01 to 2021-06-30

COVENANT MINISTRY OF HOPE, founded in 2008, is a small nonprofit that reported $104K in total revenue in fiscal year 2020. Revenue decreased 5% compared to the prior year.

Mission

NONE - SINCE NONE SPECIFICALLY ADOPTED BY THE GOVERNING BODY

Program Service Accomplishments

Program 1

Expenses: $26,267

CONGREGATIONAL CARECONGREGATIONAL CARE MINISTRY PROVIDES INFORMATION FOR THE STAFF, PRAYER TEAM, AND CONGREGATION ABOUT BIRTHS, DEATHS, AND MARRIAGES. IT TRACKS THE CARE PROVIDED TO THE CONGREGATION FOR SPECIFIC NEEDS. IT SENDS CARDS TO PEOPLE IN THOSE SITUATIONS, AS WELL AS TO PEOPLE GOING THROUGH A LIFE DIFFICULTY. THE PROGRAM MEMBERS MAKE HOSPITAL VISITS, HOME VISITS, AND REHAB CENTER VISITS. IT WALKS FAMILIES THROUGH THE DEATH OF A LOVED ONE AND LEADS IN PROVIDINGS EITHER A FUNERAL SERVICE OR A MEMORIAL SERVICE. IT PROVIDES RESOURCES FOR THE GRIEVING OF AN ELDERLY PERSON, AS WELL AS MATERIAL FOR FAMILIES GRIEVING BECAUSE OF THE LOSS OF A CHILD. IT ALSO PROVIDES MEALS TO PEOPLE WHO HAVE EXPRESSED A NEED FOR THEM, AS WELL AS PROVIDING FINANCIAL ASSISTANCE THROUGH THE COMPASSION FUND.

Program 2

Expenses: $47,280

COUNSELINGTHE COUNSELING MINISTRY PROVIDES CARE FOR INDIVIDUALS IN PITT COUNTY AND EASTERN NORTH CAROLINA THROUGH SEVERAL DIFFERENT AREAS OF CARE: PROFESSIONAL BIBLICAL COUNSELING (CRISIS AND...

COUNSELINGTHE COUNSELING MINISTRY PROVIDES CARE FOR INDIVIDUALS IN PITT COUNTY AND EASTERN NORTH CAROLINA THROUGH SEVERAL DIFFERENT AREAS OF CARE: PROFESSIONAL BIBLICAL COUNSELING (CRISIS AND ASSESSMENT), PRE-MARRIAGE COUNSELING, EMOTIONAL HEALING PRAYER, FREEDOM IN CHRIST, MENTORING, AND GRIEF CARE. THE COUNSELING MINISTRY OFFERS PROFESSIONAL CARE SIX DAYS A WEEK. THE COUNSELING MINISTRY PROVIDED OVER 850 HOURS OF CARE TO OVER 375 INDIVIDUALS.

Program 3

Expenses: $10,507

PRAYER MINISTRIESTHE PRAYER MINISTRY'S OBJECTIVE IS TO TAKE EVERY NEED PRESENTED AND OFFER IT TO THE LORD THROUGH PRAYER. THE PRAPER MINISTRY OPERATES ON SEVERAL DIFFERENT FRONTS. WEEKLY, THE...

PRAYER MINISTRIESTHE PRAYER MINISTRY'S OBJECTIVE IS TO TAKE EVERY NEED PRESENTED AND OFFER IT TO THE LORD THROUGH PRAYER. THE PRAPER MINISTRY OPERATES ON SEVERAL DIFFERENT FRONTS. WEEKLY, THE MINISTRY MEETS TO PRAY OVER REQUESTS RECEIVED DURING THE THREE WEEKEND WORSHIP SERVICES AT COVENANT CHURCH. ON AVERAGE, THE TEAM PRAYS OVER ROUGHLY 50 REQUESTS FOLLOWING THESE SERVICES. THE TEAM ALSO MEETS WEEKLY TO PRAY FOR COVENANT CHURCH, GREENVILLE, NC, AND BEYOND. ADDITIONALLY, AT EACH COVENANT CHURCH SERVICE, THE MINISTRY HAS 35 PRAYER COUNSELORS TO PRAY FOR AND WITH INDIVIDUALS AT EACH WORSHIP SERVICE. ROUGHLY 60 PEOPLE SERVE TO ACCOMPLISH THE PRAYER MINISTRY'S OBJECTIVE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $104,472

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $104,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,054

Other Expenses $107,925

TOTAL EXPENSES $107,925

Year-over-Year Comparison

	2020	2019	Change
Revenue	$104,472	$110,070	-0.1%
Expenses	$107,925	$109,354	0.0%
Net Income	$-3,453	$716	-5.8%

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

N/A

Volunteers

N/A

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

$108,913

Total Directors

$196,006

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W GORDON DOUGLAS	BOARD MEMBER, PRESIDENT	0.00	Officer Director	$0	$0	$0
SEAN KENNY	BOARD MEMBER	0.00	Director	$0	$0	$0
JENNIFER JOHNSON	BOARD MEMBER, TREASURER	0.00	Officer Director	$0	$0	$0
KENNY JENKINS	BOARD MEMBER, SECRETARY	1.00	Officer Director	$0	$8,308	$79,593
BOB WYNN	BOARD MEMBER, VICE PRESIDE	1.00	Officer Director	$0	$2,580	$29,320
LOUIS GROOM	BOARD MEMBER	0.00	Director	$0	$0	$0
AMANDA DANIELSON	BOARD MEMBER	1.00	Director	$0	$7,093	$87,093

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
2021	$104,472	$107,925	No data	$-3,453
2020	$110,070	$109,354	$3,453	$716
2019	$129,282	$134,083	$2,738	$-4,801