COVENANT LIVING OF BIXBY INC

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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

2015

Legal Domicile

Principal Officer

DAVID ERICKSON

Phone

7738782294

Tax Period

2023-10-01 to 2024-09-30

COVENANT LIVING OF BIXBY INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $4.0M in total revenue in fiscal year 2023. Expenses of $3.8M left a modest 5% surplus.

Mission

AS A MINISTRY OF THE EVANGELICAL COVENANT CHURCH, COVENANT LIVING OF BIXBY CELEBRATES GOD'S GIFT OF LIFE IN CHRISTIAN COMMUNITY. WE FOLLOW THE GREAT COMMANDMENT TO LOVE AND SERVE GOD AND ONE ANOTHER AS TAUGHT BY JESUS CHRIST. (SEE SCHEDULE O)

Program Service Accomplishments

Program 1

Expenses: $2,628,799 Revenue: $4,021,685

THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDEDDURING THE YEAR WERE AS FOLLOWS:- RESIDENTIAL LIVING: THERE WERE A TOTAL OF 49 RESIDENTS, OCCUPYING 45APARTMENTS AT 09/30/2024...

THE NUMBER OF PERSONS WHO BENEFITED FROM THE SERVICES WE PROVIDEDDURING THE YEAR WERE AS FOLLOWS:- RESIDENTIAL LIVING: THERE WERE A TOTAL OF 49 RESIDENTS, OCCUPYING 45APARTMENTS AT 09/30/2024. RESIDENCY FOR THE FISCAL YEAR TOTALED 17,731 RESIDENT DAYS.- ASSISTED LIVING: THERE WERE A TOTAL OF 33 RESIDENTS AT 09/30/2024.ASSISTED LIVING RESIDENCY FOR THE FISCAL YEAR TOTALED 11,682 RESIDENT DAYS.

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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 $9,007

Program Service Revenue $3,892,738

Investment Income $-2,320

Other Revenue $119,940

TOTAL REVENUE $4,019,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,547,562

Fundraising Expenses $0

Program Expenses $2,628,799

Other Expenses $2,289,198

TOTAL EXPENSES $3,836,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,019,365	$3,846,599	+0.0%
Expenses	$3,836,760	$3,805,911	+0.0%
Net Income	$182,605	$40,688	+3.5%

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

102

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

$702,060

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLAN ANDERSON	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW VANOVER	DIRECTOR	0.10	Director	$0	$0	$0
ARTHUR DEROOY	DIRECTOR/EX-OFFICIO - PART YEAR	0.10	Director	$0	$0	$0
DAVID G ERICKSON	GEN COUNSEL PART YR/ASST SEC/CEO	1.00	Officer Director	$0	$122,066	$554,672
DIXIE REPPE	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
JANET CREANEY	DIRECTOR/CHAIR	0.10	Officer Director	$0	$0	$0
JANET GOELZ HOFFMAN	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$0	$0
JENNIFER MEANS	DIRECTOR	0.10	Director	$0	$0	$0
JOHN FREDRICKSON	DIRECTOR	0.10	Director	$0	$0	$0
KATHY BUETTNER	DIRECTOR	0.10	Director	$0	$0	$0
KURT KINCANON	DIRECTOR	0.10	Director	$0	$0	$0
LOANN PETERSON	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
LORENE FLEWELLEN	DIRECTOR/VICE CHAIR	0.10	Officer Director	$0	$0	$0
MARY PALMER	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$0	$0
MATTHEW MANLOVE	DIRECTOR	0.10	Director	$0	$0	$0
PAMELA CHRISTENSEN	DIRECTOR	0.10	Director	$0	$0	$0
RICK SHEPARD	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
SARAH BENTLEY	DIRECTOR	0.10	Director	$0	$0	$0
TAMMY SWANSON-DRAHEIM	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$105,500	$214,141
TERRI S CUNLIFFE	DIRECTOR/CLCS PRESIDENT/CEO-PART YR	1.00	Officer Director	$0	$33,657	$961,812
TODD SLECHTA	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$59,996	$365,122
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
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
PETER MILBOURN	ASSOCIATE VICE PRESIDENT, OPERATIONS	1.00	Key Emp	$0	$59,223	$331,456
TANDERIA BROWN	CHIEF HUMAN RESOURCES OFFICER	1.00	Key Emp	$0	$65,889	$370,604
CHELSEY FERREIRA	NURSE MANAGER, RN	40.00	Highest	$108,239	$25,120	$133,359
PATRICIA BEHRENS	COMMUNITY ADMINISTRATOR	40.00	Highest	$132,633	$18,911	$151,544
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	$4,019,365	$3,836,760	$13,994,344	$182,605
2023	$3,846,599	$3,805,911	$13,406,447	$40,688
2022	$3,705,494	$3,784,040	$13,757,424	$-78,546
2021	$3,813,766	$3,492,002	$14,115,628	$321,764
2020	$3,324,307	$3,372,654	$14,545,794	$-48,347
2019	$3,333,348	$3,310,583	$15,776,584	$22,765