COVENANT MINISTRIES OF BENEVOLENCE

EIN: 363486813 501(c)(3) Unknown

CHICAGO, IL

Total Revenue
$6,293,110
Total Expenses
$5,100,408
Total Assets
$59,745,617
Net Assets
$54,111,690
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
IL
Principal Officer
SCOTT HANSON
Phone
7739891610
Tax Period
2023-10-01 to 2024-09-30

COVENANT MINISTRIES OF BENEVOLENCE, founded in 1986, is a community nonprofit in the Unknown sector that reported $6.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.2M, a strong 19% operating margin.

Mission

OUR MISSION IS TO EXPRESS THE LIFE GIVING AND SUSTAINING MINISTRY OF JESUS CHRIST THROUGH THE DEVELOPMENT, ADVANCEMENT AND GOVERNANCE OF MISSION DRIVEN ORGANIZATIONS SERVING PEOPLE WHO ARE SICK, DISABLED, AGING, POOR OR VULNERABLE.

Program Service Accomplishments

Program 1
Expenses: $3,487,528 Revenue: $3,602,441

COVENANT MINISTRIES OF BENEVOLENCE (CMB) PROVIDES ADMINISTRATIVE MANAGEMENT SERVICES FOR SEVERAL AFFILIATES WHICH FALL UNDER THE IRS GUIDELINES AS NON-PROFIT ORGANIZATIONS, EXEMPT UNDER SECTION...

Read more

COVENANT MINISTRIES OF BENEVOLENCE (CMB) PROVIDES ADMINISTRATIVE MANAGEMENT SERVICES FOR SEVERAL AFFILIATES WHICH FALL UNDER THE IRS GUIDELINES AS NON-PROFIT ORGANIZATIONS, EXEMPT UNDER SECTION 501(C)(3). THE SERVICES PROVIDED TO THESE ORGANIZATIONS ASSISTS THEM IN CARRYING OUT THEIR MISSIONS OR EXEMPT FUNCTIONS. THE AFFILIATES FOR WHICH COVENANT MINISTRIES OF BENEVOLENCE PROVIDES THESE SERVICES INCLUDE THE FOLLOWING ORGANIZATIONS:- EMC HEALTH, INC. FEIN 94-2281314;- COVENANT INITIATIVES FOR CARE, INC. FEIN 27-1841721;- COVENANT ENABLING RESIDENCES OF ILLINOIS FEIN 36-3731196; - COVENANT ENABLING RESIDENCES OF MICHIGAN, INC. FEIN 38-3495889; - COVENANT ENABLING RESIDENCES OF MINNESOTA FEIN 41-1879965; - COVENANT ENABLING RESIDENCES OF FLORIDA, INC. FEIN 59-3399402; - ADELBROOK, INC. FEIN 06-0646920; - COVENANT CHILDREN'S HOME AND FAMILY SERVICES FEIN 36-2167043; - COVENANT LIVING COMMUNITIES, INC. FEIN 36-3478388 AND ITS AFFILIATES: - COVENANT LIVING OF GOLDEN VALLEY, INC. FEIN 41-0841150; - COVENANT LIVING OF FLORIDA, INC. FEIN 52-1115870; - COVENANT HOME ILLINOIS FEIN 36-2643638; - COVENANT HEALTHCARE CENTERS FEIN 52-1115873; - COVENANT LIVING AT THE HOLMSTAD FEIN 36-2835154; - COVENANT HOME OF CHICAGO FEIN 36-3095932; - COVENANT LIVING OF CROMWELL, INC. FEIN 13-1740015; - COVENANT LIVING WEST FEIN 95-3472345; - COVENANT LIVING OF COLORADO, INC. FEIN 84-1084331; - COVENANT LIVING OF THE GREAT LAKES FEIN 38-3244636; - COVENANT LIVING AT WINDSOR PARK FEIN 36-3385581; - COVENANT LIVING SERVICES FEIN 27-2480652; - COVENANT LIVING OF GENEVA FEIN 84-3227613; - TULSA HILLS COMMUNITY, INC. FEIN 84-2854729; - THREE CROWNS PARK FEIN: 36-2030089; - THREE CROWNS FOUNDATION FEIN: 20-1060468; - COVENANT LIVING OF KEENE FEIN: 87-3525712; - COVENANT LIVING AT SHANNONDALE FEIN: 62-0698709

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $872,368
Program Service Revenue $3,159,448
Investment Income $1,818,301
Other Revenue $442,993
TOTAL REVENUE $6,293,110

Expense Breakdown

Grants Paid $1,032,144
Salaries & Benefits $1,464,589
Fundraising Expenses $0
Program Expenses $3,487,528
Other Expenses $2,603,675
TOTAL EXPENSES $5,100,408

Year-over-Year Comparison

2023 2022 Change
Revenue $6,293,110 $5,762,434 +0.1%
Expenses $5,100,408 $4,614,452 +0.1%
Net Income $1,192,702 $1,147,982 +0.0%
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

Sign In

Governance

Voting Members
18
Independent Members
15
Employees
12
Volunteers
19

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
10
$1,517,362
Total Directors
22
$819,682
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SCOTT HANSON SVP OF FINANCE 40.00
Officer Director
$206,506 $33,913 $240,419
TODD SLECHTA EX-OFFICIO/PRESIDENT OF CMB & CIC 40.00
Officer Director
$305,126 $59,996 $365,122
TAMMY SWANSON-DRAHEIM DIRECTOR/EX-OFFICIO/ECC PRES 0.10
Officer Director
$0 $105,500 $214,141
MARY PALMER DIRECTOR/CHAIR 0.10
Officer Director
$0 $0 $0
CURT ANDERSON DIRECTOR/VICE CHAIR 0.10
Officer Director
$0 $0 $0
DARRYL JOHNSON DIRECTOR/SECRETARY 0.10
Officer Director
$0 $0 $0
ARTHUR B DEROOY DIRECTOR/TREASURER 0.10
Officer Director
$0 $0 $0
HILARY APPLEQUIST DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
BILL CLARK DIRECTOR 0.10
Director
$0 $0 $0
WILL DAVIDSON DIRECTOR/EX-OFFICIO 0.10
Director
$0 $0 $0
SCOTT DENNIS DIRECTOR/EX-OFFICIO - PART YEAR 0.10
Director
$0 $0 $0
TRACY HILTS DIRECTOR 0.10
Director
$0 $0 $0
CYNDI HOFFMAN DIRECTOR/EX-OFFICIO 0.10
Director
$0 $0 $0
BEN MOORE DIRECTOR 0.10
Director
$0 $0 $0
TRAVIS NORDSTROM DIRECTOR 0.10
Director
$0 $0 $0
SUSAN C POSTON DIRECTOR 0.10
Director
$0 $0 $0
KAREN RYDELL DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
LINDA SCHOONOVER DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
KECIA STROOT DIRECTOR 0.10
Director
$0 $0 $0
SEMMEAL THOMAS DIRECTOR 0.10
Director
$0 $0 $0
TIFFINE WATTS DIRECTOR 0.10
Director
$0 $0 $0
GREG YEE DIRECTOR/EX-OFFICIO 0.10
Director
$0 $0 $0
LINDA STUHMER ASST. SEC., SVP AND GENERAL COUNSEL 40.00
Officer
$0 $66,876 $469,419
MARIT JOHNSON AWES ASSISTANT SECRETARY 40.00
Officer
$113,344 $29,230 $142,574
KATIE PAGANI ASSISTANT SECRETARY 40.00
Officer
$83,194 $2,493 $85,687
DAVID BOGGS EXECUTIVE DIRECTOR 40.00
Highest
$126,999 $16,471 $143,470
RON ANDERSON ACCOUNTING MANAGER 40.00
Highest
$128,930 $27,884 $156,814
DANA NORTON CAMPUS EXECUTIVE DIRECTOR 40.00
Highest
$109,123 $0 $109,123
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 $6,293,110 $5,100,408 $59,745,617 $1,192,702
2023 $5,762,434 $4,614,452 $53,871,214 $1,147,982
2022 $6,251,372 $4,908,357 $52,382,497 $1,343,015
2021 $7,028,359 $4,174,525 $60,872,266 $2,853,834
2020 $23,603,989 $5,941,928 $55,502,310 $17,662,061
2019 $5,363,793 $7,264,719 $20,756,018 $-1,900,926
Explore More Nonprofits
→Top 100 Nonprofits in Illinois →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COVENANT MINISTRIES OF BENEVOLENCE with other nonprofits in Illinois and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.