Covenant Recovery Inc (EIN 264282327) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

Jeremy S McKenzie

Phone

5015190162

Tax Period

2024-01-01 to 2024-12-31

COVENANT RECOVERY INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2018. Revenue fell 25% from the prior year — a significant decline worth monitoring.

Mission

Drug and Alcohol Treatment Services

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,360,033

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,360,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,074,869

Fundraising Expenses $0

Program Expenses $2,342,607

Other Expenses $1,267,738

TOTAL EXPENSES $2,342,607

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,360,033	$1,946,046	+0.2%
Expenses	$2,342,607	$2,001,087	+0.2%
Net Income	$17,426	$-55,041	-1.3%

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
Jeremy McKenzie	Executive Director	040.00	Officer Director	$0	$0	$0
Hunter Richardson	Board Member	N/A		$0	$0	$0
Ben Sinclair	Chief Financial Officer	040.00	Officer Highest	$0	$0	$0
Lisa Thomas	Facility Director	040.00	Key Emp	$0	$0	$0
Marcie Nutter	Kitchen Manager	040.00	Key Emp	$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	$2,360,033	$2,342,607	$964,501	$17,426
2023	$1,946,046	$2,001,087	$913,520	$-55,041
2022	$1,519,969	$1,656,540	$932,915	$-136,571
2021	$1,711,087	$1,778,781	$956,380	$-67,694
2020	$1,847,339	$1,675,649	$1,282,411	$171,690
2019	$1,691,349	$1,764,199	$777,177	$-72,850
2018	$1,891,745	$1,879,988	$770,835	$11,757

Covenant Recovery Inc