COVENANT GRACE CHRISTIAN ACADEMY INC (EIN 275271849) - 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

DANA HEBERT

Phone

3374742424

Tax Period

2024-07-01 to 2025-06-30

COVENANT GRACE CHRISTIAN ACADEMY INC, founded in 2011, is a small nonprofit in the Education sector that reported $492K in total revenue in fiscal year 2024. Expenses of $554K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE MISSION OF COVENANT GRACE ACADEMY IS TO DISCIPLE STUDENTS BY EQUIPPING THEM WITH THE NECESSARY TOOLS FOR DISCERNING, REASONING AND DEFENDING THE TRUTH OF OUR LORD AND SAVIOR, 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 (2024)

Revenue Breakdown

Contributions & Grants $76,047

Program Service Revenue $412,030

Investment Income $3,722

Other Revenue $0

TOTAL REVENUE $491,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $290,249

Fundraising Expenses $0

Program Expenses $182,866

Other Expenses $263,404

TOTAL EXPENSES $553,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$491,799	$516,908	0.0%
Expenses	$553,653	$469,565	+0.2%
Net Income	$-61,854	$47,343	-2.3%

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

N/A

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

$32,000

Total Directors

$32,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLA PENNICK	TREASURER	32.00	Officer Director	$32,000	$0	$32,000
DANA HEBERT	SECRETARY	1.00	Officer Director	$0	$0	$0
BRYAN COLEMAN	BOARD CHAIRMAN	1.00	Officer 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
2025	$491,799	$553,653	$2,870,934	$-61,854
2023	$3,169,168	$453,984	$2,888,140	$2,715,184
2022	$286,279	$269,110	$171,020	$17,169
2021	$264,241	$252,083	$152,392	$12,158

COVENANT GRACE CHRISTIAN ACADEMY INC