World Covenant Ministries Inc (EIN 272156316) - 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

2011

Legal Domicile

Principal Officer

Tom Westberry

Phone

8172817050

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,846,344

Program Service Revenue $0

Investment Income $295

Other Revenue $946,147

TOTAL REVENUE $2,792,786

Expense Breakdown

Grants Paid $112,250

Salaries & Benefits $719,943

Fundraising Expenses $0

Program Expenses $2,617,481

Other Expenses $2,024,674

TOTAL EXPENSES $2,856,867

Year-over-Year Comparison

	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%

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

837

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

$275,289

Total Directors

$54,159

Key Employees

Highest Compensated

reported

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

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	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

World Covenant Ministries Inc