COVENANT INITIATIVES FOR CARE INC (EIN 271841721) - 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

1986

Legal Domicile

Principal Officer

SCOTT HANSON

Phone

7739891610

Tax Period

2024-01-01 to 2024-09-30

COVENANT INITIATIVES FOR CARE INC, founded in 1986, is a small nonprofit that reported $712K in total revenue in fiscal year 2023. The organization ran a surplus of $126K, a strong 18% operating margin.

Mission

TO SUPPORT ORGANIZATIONS SERVING THE SICK, DISABLED, AGING, POOR AND VULNERABLE.

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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 $0

Program Service Revenue $474,000

Investment Income $45,931

Other Revenue $38,572

TOTAL REVENUE $558,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,427

Fundraising Expenses $0

Program Expenses $251,453

Other Expenses $138,193

TOTAL EXPENSES $305,620

Year-over-Year Comparison

	2024	2023	Change
Revenue	$558,503	$711,843	-0.2%
Expenses	$305,620	$585,590	-0.5%
Net Income	$252,883	$126,253	+1.0%

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
TODD SLECHTA	PRESIDENT/EX-OFFICIO	0.10	Officer Director	$0	$0	$0
PHIL NEW	DIRECTOR/CHAIR	0.10	Officer Director	$0	$0	$0
KATHY BUETTNER	DIRECTOR/VICE CHAIR	0.10	Officer Director	$0	$0	$0
DONNA ERICKSON	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$0	$0
MARY PALMER	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$0	$0
WILF BROCK	DIRECTOR	0.10	Director	$0	$0	$0
ANKER CHRISTENSEN	DIRECTOR	0.10	Director	$0	$0	$0
LEE CORMIER	DIRECTOR	0.10	Director	$0	$0	$0
RICK FISK	DIRECTOR	0.10	Director	$0	$0	$0
RENELLE NELSON	DIRECTOR	0.10	Director	$0	$0	$0
DON OLSON	DIRECTOR	0.10	Director	$0	$0	$0
BARBARA PERSON	DIRECTOR	0.10	Director	$0	$0	$0
HAROLD SPOONER	DIRECTOR	0.10	Director	$0	$0	$0
MARK STROMBERG	DIRECTOR	0.10	Director	$0	$0	$0
SCOTT HANSON	SVP OF FINANCE/EX-OFFICIO	0.10	Officer	$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	$558,503	$305,620	$5,756,433	$252,883
2023	$711,843	$585,590	$4,723,218	$126,253

COVENANT INITIATIVES FOR CARE INC