COVENANT LIVING SERVICES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

DAVID ERICKSON

Phone

7738782294

Tax Period

2023-10-01 to 2024-09-30

COVENANT LIVING SERVICES INC, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 11% surplus.

Mission

COVENANT LIVING SERVICES IS AN AFFILIATE OF COVENANT LIVING COMMUNITIES AND SERVICES AND CARRIES OUT THE COVENANT LIVING MISSION STATEMENT. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $705,309 Revenue: $405,497

SAIDO LEARNING:SAIDO LEARNING IS A COGNITIVE EXERCISE PROGRAM DEVELOPED BY DR. RYUTA KOWASHIMA AND THE KUMON INSTITUTE OF EDUCATION IN JAPAN. SAIDO IS DEPLOYED THROUGH 1:2 INTERACTIONS BETWEEN...

SAIDO LEARNING:SAIDO LEARNING IS A COGNITIVE EXERCISE PROGRAM DEVELOPED BY DR. RYUTA KOWASHIMA AND THE KUMON INSTITUTE OF EDUCATION IN JAPAN. SAIDO IS DEPLOYED THROUGH 1:2 INTERACTIONS BETWEEN TRAINED STAFF MEMBERS OR VOLUNTEERS. THE INTERACTION INVOLVES ENGAGING IN A SERIES OF PRECISE, YET SIMPLE READING, WRITING AND ARITHMETIC EXERCISES SPECIFIC TO THEIR LEVEL OF ABILITY, PERFORMED IN 30-MINUTE SESSIONS FOUR TO FIVE TIMES PER WEEK. SAIDO FOCUSES ON WHAT THE PARTICIPANT CAN DO VS WHAT THEY CANNOT BUILDING CONFIDENCE AND INDEPENDENCE. SAIDO IS A SIGNATURE PROGRAM OF COVENANT LIVING AND SUPPORTS OUR COMMON PURPOSE.

Program 2

Expenses: $790,989 Revenue: $1,442,749

COVENANT LIVING SERVICES:PROVIDES MANAGEMENT SERVICES TO SUPPORTED ORGANIZATIONS, INCLUDING COVENANT HOME SERVICES, COVENANT LIVING OF BIXBY, TULSA HILLS COMMUNITY INC, COVENANT LIVING OF GENEVA...

COVENANT LIVING SERVICES:PROVIDES MANAGEMENT SERVICES TO SUPPORTED ORGANIZATIONS, INCLUDING COVENANT HOME SERVICES, COVENANT LIVING OF BIXBY, TULSA HILLS COMMUNITY INC, COVENANT LIVING OF GENEVA, THREE CROWNS PARK, THREE CROWNS FOUNDATION, COVENANT LIVING OF KEENE, AND COVENANT LIVING AT SHANNONDALE. SUCH ORGANIZATIONS INCLUDE CONTINUING CARE RETIREMENT COMMUNITIES WITH RESIDENTIAL, ASSISTED LIVING, AND SKILLED NURSING FACILITIES AND HOME HEALTH AND COMMUNITY BASED SERVICES FOR SENIOR ADULTS, AMONG OTHER ACTIVITIES. ADDITIONALLY, AS PART OF COVENANT LIVING SERVICES, OPEN STRATEGY GROUP (OSG) OFFERS DIGITAL MARKETING SOLUTIONS TO COVENANT LIVING ORGANIZATIONS. OSG'S UNIQUE MEMBERSHIP-BASED APPROACH REPLACES THE TRADITIONAL CLIENT-AGENCY RELATIONSHIP, GIVING MEMBERS ACCESS TO SHARED INSIGHTS, STREAMLINED DIGITAL TACTICS, AND SCALABLE PARTNERSHIPS. IT STAYS AHEAD OF THE EVOLVING MARKETING LANDSCAPE BY EMBRACING INNOVATION AND AUTOMATION, HELPING MEMBERS ADAPT AND THRIVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,848,246

Investment Income $0

Other Revenue $108,925

TOTAL REVENUE $1,957,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $687,877

Fundraising Expenses $0

Program Expenses $1,496,298

Other Expenses $1,063,682

TOTAL EXPENSES $1,751,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,957,171	$1,405,472	+0.4%
Expenses	$1,751,559	$1,136,563	+0.5%
Net Income	$205,612	$268,909	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$3,161,302

Total Directors

$2,095,747

Key Employees

$935,730

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI S CUNLIFFE	DIRECTOR/CLCS PRESIDENT/CEO-PART YR	1.00	Officer Director	$0	$33,657	$961,812
DAVID G ERICKSON	GEN COUNSEL PART YR/ASST SEC/CEO	1.00	Officer Director	$0	$122,066	$554,672
TODD SLECHTA	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$59,996	$365,122
TAMMY SWANSON-DRAHEIM	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$105,500	$214,141
JANET CREANEY	DIRECTOR/CHAIR	0.10	Officer Director	$0	$0	$0
LORENE FLEWELLEN	DIRECTOR/VICE CHAIR	0.10	Officer Director	$0	$0	$0
JANET GOELZ HOFFMAN	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$0	$0
ALLAN ANDERSON	DIRECTOR	0.10	Director	$0	$0	$0
SARAH BENTLEY	DIRECTOR	0.10	Director	$0	$0	$0
KATHY BUETTNER	DIRECTOR	0.10	Director	$0	$0	$0
PAMELA CHRISTENSEN	DIRECTOR	0.10	Director	$0	$0	$0
ARTHUR DEROOY	DIRECTOR/EX-OFFICIO - PART YEAR	0.10	Director	$0	$0	$0
JOHN FREDRICKSON	DIRECTOR	0.10	Director	$0	$0	$0
KURT KINCANON	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW MANLOVE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER MEANS	DIRECTOR	0.10	Director	$0	$0	$0
MARY PALMER	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$0	$0
LOANN PETERSON	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
DIXIE REPPE	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
RICK SHEPARD	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW VANOVER	DIRECTOR	0.10	Director	$0	$0	$0
JEAN E JUSTIE	CFO/TREASURER/ASST SECRETARY	1.00	Officer	$0	$90,531	$550,215
WILLIAM RABE	CHIEF INFO & TECH OFFICER/ASST SEC.	1.00	Officer	$0	$60,892	$424,704
CORY KALLHEIM	GENERAL COUNSEL/ASST SECRETARY	1.00	Officer	$0	$70,455	$325,787
EMILY WARNYGORA	SR. EXEC. ASST TO CEO/ASST SECRETARY	1.00	Officer	$0	$13,095	$108,766
JAY PRINCE	SVP, COMMUNITY OPS/ASST SECRETARY	1.00	Officer	$0	$24,248	$235,346
TANDERIA BROWN	CHIEF HUMAN RESOURCES OFFICER	1.00	Key Emp	$0	$65,889	$370,604
FRAN PALMA	CHIEF MKTNG & DIGITAL STRAT OFFICER	22.50	Key Emp	$0	$86,166	$565,126
CORY STERN	FORMER INTERIM FINANCE LEAD/TREAS.	0.00		$0	$34,904	$268,486

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	$1,957,171	$1,751,559	$4,197,522	$205,612
2023	$1,405,472	$1,136,563	$4,078,144	$268,909
2022	$2,556,667	$1,257,129	$4,631,934	$1,299,538
2021	$1,299,475	$962,478	$4,167,625	$336,997
2020	$1,314,155	$918,754	$4,285,934	$395,401
2019	$1,609,571	$2,370,209	$10,258,390	$-760,638