Covenant College Foundation Inc

EIN: 273298736 501(c)(3)

Lookout Mountain, GA

Total Revenue
$1,928,825
Total Expenses
$980,505
Total Assets
$20,239,671
Net Assets
$20,239,622
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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
GA
Phone
7064191645
Tax Period
2022-07-01 to 2023-06-30

Covenant College Foundation Inc, founded in 2010, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2022. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $948K, a strong 49% operating margin.

Mission

Covenant College Foundation provides funds to support Covenant College.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $1,670,691
Program Service Revenue $0
Investment Income $243,553
Other Revenue $14,581
TOTAL REVENUE $1,928,825

Expense Breakdown

Grants Paid $757,533
Salaries & Benefits $0
Fundraising Expenses $115,126
Program Expenses $757,533
Other Expenses $222,972
TOTAL EXPENSES $980,505

Year-over-Year Comparison

2022 2021 Change
Revenue $1,928,825 $2,624,692 -0.3%
Expenses $980,505 $1,003,553 0.0%
Net Income $948,320 $1,621,139 -0.4%
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

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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
14

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
6
$354,853
Total Directors
15
$301,917
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Treasurer 1.0
Officer Director
$0 $0 $0
N/A Chairman 1.0
Officer Director
$0 $0 $0
N/A Secretary 1.0
Officer Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $31,535 $301,917
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Trustee 1.0
Director
$0 $0 $0
N/A Assistant Treasurer (part year) 1.0
Officer
$0 $21,654 $143,687
N/A President/Executive Director 5.0
Officer
$0 $22,071 $211,166
N/A Controller 1.0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,928,825 $980,505 $20,239,671 $948,320
2022 $2,624,692 $1,003,553 $18,187,987 $1,621,139
2021 $3,608,993 $936,238 $20,093,926 $2,672,755
2020 $2,059,711 $1,040,220 $14,784,960 $1,019,491
2019 $2,880,806 $686,108 $14,216,211 $2,194,698
2018 $1,947,843 $568,029 $12,023,624 $1,379,814
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