Haltom City, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)World Covenant Ministries Inc, founded in 2011, is a community nonprofit in the Religion sector that reported $2.8M in total revenue in fiscal year 2023.
World Covenant Ministries is organized to proclaim the good news of the Lord Jesus Christ through effective hand-on and applied ministry to the whole person. The ministry helps with disaster relief, assisting the economically disadvantaged, and providing spiritual encouragement through preaching and teaching the Gospel of Jesus Christ.
World Covenant Ministries opened the Joseph Storehouse TJS in October 2011. TJS is a hunger relief center meeting the needs of economically disadvantaged families in the Tarrant County area by...
World Covenant Ministries opened the Joseph Storehouse TJS in October 2011. TJS is a hunger relief center meeting the needs of economically disadvantaged families in the Tarrant County area by providing groceries and household items for suggested contributions and bread for free. In 2023, more than 18,782 people were assisted through the hunger relief center. Additionally, 265 toys were given away as Christmas gifts for 65 children and 35 Christmas Dinner packs were delivered.
Chapel service on Sundays to preach and spread the Gospel. Additionally, we hosted various conferences and classes to teach values according to the Scriptures. In 2023 more than 52 Sunday services...
Chapel service on Sundays to preach and spread the Gospel. Additionally, we hosted various conferences and classes to teach values according to the Scriptures. In 2023 more than 52 Sunday services, 50 Wednesday services, 22 studies for Women of community, Man's Bible Study held 28 meetings, 12 prayer nights. We had 82 baptisms and over 107 decisions for Christ.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,792,786 | $2,931,553 | 0.0% |
| Expenses | $2,856,867 | $2,746,849 | +0.0% |
| Net Income | $-64,081 | $184,704 | -1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Tom Westberry | President | 40.00 |
Officer
|
$182,358 | $0 | $182,358 |
| Kim Westberry | Vice President | 40.00 |
Officer
|
$92,931 | $0 | $92,931 |
| Robert H Westberry | Director | 40.00 |
Director
|
$54,159 | $0 | $54,159 |
| Lindy Pilgrim | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Brandon Sims | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| John Copeland | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Eileen Jo Lawton | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,792,786 | $2,856,867 | $2,550,123 | $-64,081 |
| 2022 | $2,931,553 | $2,746,849 | $2,176,060 | $184,704 |
| 2021 | $3,476,979 | $3,682,012 | $2,128,096 | $-205,033 |
| 2020 | $1,486,567 | $1,142,370 | $2,374,799 | $344,197 |
| 2019 | $997,023 | $1,092,151 | $2,257,012 | $-95,128 |
| 2018 | $921,207 | $1,208,424 | $2,358,833 | $-287,217 |
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