COVENANT CHRISTIAN SCHOOLS OF INDIANAPOLIS INC

EIN: 351957191 501(c)(3) Education

INDIANAPOLIS, IN

Total Revenue
$7,266,639
Total Expenses
$7,001,322
Total Assets
$9,213,775
Net Assets
$8,149,077
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IN
Principal Officer
ANDY GOODWIN
Phone
3173900202
Tax Period
2024-07-01 to 2025-06-30

COVENANT CHRISTIAN SCHOOLS OF INDIANAPOLIS INC, founded in 1995, is a community nonprofit in the Education sector that reported $7.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $7.0M left a modest 4% surplus.

Mission

CHRIST-CENTERED EDUCATION EQUIPPING STUDENTS FOR A LIFE OF SCHOLARSHIP, LEADERSHIP & SERVICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $600,447
Program Service Revenue $6,406,242
Investment Income $319,102
Other Revenue $-59,152
TOTAL REVENUE $7,266,639

Expense Breakdown

Grants Paid $448,009
Salaries & Benefits $4,205,772
Fundraising Expenses $337,032
Program Expenses $5,776,503
Other Expenses $2,331,291
TOTAL EXPENSES $7,001,322

Year-over-Year Comparison

2024 2023 Change
Revenue $7,266,639 $6,517,120 +0.1%
Expenses $7,001,322 $6,130,795 +0.1%
Net Income $265,317 $386,325 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
133
Volunteers
160

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
$333,565
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL TWYMAN BOARD CHAIR 4.00
Officer Director
$0 $0 $0
MATT HEUSS BOARD SECRETARY 1.00
Officer Director
$0 $0 $0
MAX HUDSPETH BOARD TREASURER 4.00
Officer Director
$0 $0 $0
ANASTASIA STURM BOARD MEMBER 1.00
Director
$0 $0 $0
BRENT FREEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAVIER CALDERON BOARD MEMBER 1.00
Director
$0 $0 $0
LISA COLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
MARK SWEARINGEN BOARD MEMBER 1.00
Director
$0 $0 $0
ERIN ANDERSON BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW GOODWIN PRESIDENT 40.00
Officer
$130,733 $16,446 $147,179
DONALD FISHBURN CHIEF OPERATING OFFICER 40.00
Officer
$102,446 $13,026 $115,472
JULIE FOUST ASSISTANT TREASURER 40.00
Officer
$68,965 $1,949 $70,914
BRAD SPENCER DIRECTOR OF TECHNOLOGY 40.00
Highest
$100,719 $24,038 $124,757
MATT MAUDLIN ADVANCEMENT DIRECTOR 40.00
Highest
$100,357 $9,519 $109,876
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 $7,266,639 $7,001,322 $9,213,775 $265,317
2024 $6,517,120 $6,130,795 $9,050,195 $386,325
2023 $7,402,737 $5,811,903 $8,406,273 $1,590,834
2022 $5,376,999 $5,348,724 $6,832,976 $28,275
2021 $5,284,560 $5,273,570 $6,466,106 $10,990
2020 $6,187,520 $5,381,851 $6,334,129 $805,669
2019 $5,490,875 $5,521,750 $5,801,418 $-30,875
2018 $5,231,623 $5,634,718 $2,273,208 $-403,095
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