FIRST COVENANT CHURCH FOUNDATION (EIN 264448696) - 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

2009

Legal Domicile

Principal Officer

SCOTT LICKTEIG

Phone

4025156721

Tax Period

2024-01-01 to 2024-12-31

FIRST COVENANT CHURCH FOUNDATION, founded in 2009, is a small nonprofit in the Religion sector that reported $178K in total revenue in fiscal year 2024. Revenue surged 95% from the prior year, signaling strong growth momentum. The organization ran a surplus of $74K, a strong 41% operating margin.

Mission

TO SERVE AS A SUPPORTING ORGANIZATION FOR FIRST COVENANT CHURCH OF OMAHA, NE, TO SUPPORT AND FACILITATE ITS CHARITABLE, RELIGIOUS AND EDUCATIONAL ACTIVITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $53,548

Program Service Revenue $0

Investment Income $124,784

Other Revenue $0

TOTAL REVENUE $178,332

Expense Breakdown

Grants Paid $98,211

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,211

Other Expenses $6,414

TOTAL EXPENSES $104,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,332	$91,650	+0.9%
Expenses	$104,625	$60,287	+0.7%
Net Income	$73,707	$31,363	+1.4%

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

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
SCOTT L LICKTEIG	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREN RESSEGIEU	DIRECTOR	1.00	Director	$0	$0	$0
JIM SMALL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DEBRA SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
ABE LAMBERT	DIRECTOR	1.00	Director	$0	$0	$0
JIM HORWATH	DIRECTOR	1.00	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	$178,332	$104,625	$1,101,528	$73,707
2023	$91,650	$60,287	$996,766	$31,363
2022	$35,585	$36,639	$832,524	$-1,054
2021	$119,203	$34,172	$1,057,339	$85,031
2020	$30,674	$31,821	$931,584	$-1,147
2019	$65,806	$182,248	$836,577	$-116,442
2018	$41,829	$46,297	$840,383	$-4,468

FIRST COVENANT CHURCH FOUNDATION