COVENANT CLASSICAL SCHOOL (EIN 271802630) - 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

2010

Legal Domicile

Principal Officer

DAVID YANG

Phone

6309837500

Tax Period

2024-07-01 to 2025-06-30

COVENANT CLASSICAL SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $453K, a strong 24% operating margin.

Mission

PROVIDE A CLASSICAL CHRISTIAN BASED EDCUATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH.

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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 $522,251

Program Service Revenue $1,362,143

Investment Income $29,453

Other Revenue $7,767

TOTAL REVENUE $1,921,614

Expense Breakdown

Grants Paid $153,496

Salaries & Benefits $835,813

Fundraising Expenses $70,596

Program Expenses $947,869

Other Expenses $479,542

TOTAL EXPENSES $1,468,851

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,921,614	$1,619,873	+0.2%
Expenses	$1,468,851	$1,656,232	-0.1%
Net Income	$452,763	$-36,359	-13.5%

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

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

$153,797

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID YANG	CHAIRPERSON	5.00	Officer Director	$0	$0	$0
DANDRAE LARRY	TREASURER	3.00	Officer Director	$0	$0	$0
KATRINA ERZINGER	SECRETARY	3.00	Officer Director	$0	$0	$0
ANGELA CASTALDO	DIRECTOR	3.00	Director	$0	$0	$0
JOSHUA FOGARTY	DIRECTOR	3.00	Director	$0	$0	$0
TOM STONER	HEAD OF SCHOOL	55.00	Officer	$147,078	$6,719	$153,797

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	$1,921,614	$1,468,851	$1,534,729	$452,763
2024	$1,619,873	$1,656,232	$1,240,720	$-36,359
2023	$1,609,842	$1,629,850	$1,483,932	$-20,008
2022	$1,579,941	$1,616,956	$1,076,120	$-37,015
2021	$1,772,482	$1,470,549	$1,186,372	$301,933
2020	$1,704,061	$1,507,396	$450,379	$196,665
2019	$1,498,549	$1,434,015	$260,328	$64,534

COVENANT CLASSICAL SCHOOL