Covenant Foundation (EIN 363722029) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

JONI-SUE B LEVINE

Phone

2122453500

Tax Period

2024-01-01 to 2024-12-31

Covenant Foundation, founded in 1990, is a community nonprofit in the Education sector that reported $6.3M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO BUILD ON EXISTING STRENGTH WITHIN THE FIELD OF JEWISH EDUCATION IN NORTH AMERICA.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,318,000

Program Service Revenue $0

Investment Income $185

Other Revenue $0

TOTAL REVENUE $6,318,185

Expense Breakdown

Grants Paid $2,253,157

Salaries & Benefits $1,878,306

Fundraising Expenses $0

Program Expenses $5,733,987

Other Expenses $2,285,007

TOTAL EXPENSES $6,416,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,318,185	$5,612,164	+0.1%
Expenses	$6,416,470	$5,703,803	+0.1%
Net Income	$-98,285	$-91,639	+0.1%

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

Governance

Voting Members

Independent Members

Employees

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

$264,420

Total Directors

$264,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONI-SUE B LEVINE	EXECUTIVE DIRECTOR	40.0	Officer Director	$228,955	$35,465	$264,420
ABBY PITKOWSKY	PROGRAM DIRECTOR	40.0	Highest	$157,899	$61,201	$219,100
RALIA WAGNER	DIRECTOR OF FINANCE AND ADMIN	32.0	Highest	$129,873	$58,073	$187,946
MYRA ROSENBAUM	DIR OF PLANNING AND OPERATIONS	32.0	Highest	$117,192	$56,790	$173,982
ADINA KAY-GROSS	Director of Thought Leadership	30.0	Highest	$130,945	$14,317	$145,262
ARIEL STEWART	SR. PROGRAM OFFICER	40.0	Highest	$106,856	$29,523	$136,379
STEVIN AIN	DIRECTOR	1.0	Director	$0	$0	$0
Dr RENA DORPH	DIRECTOR	1.0	Director	$0	$0	$0
DR ARNOLD M EISEN	DIRECTOR	1.0	Director	$0	$0	$0
CHERYL R FINKEL	IMMEDIATE PAST CHAIR	1.0	Director	$0	$0	$0
JORDAN T GOODMAN	DIRECTOR	1.0	Director	$0	$0	$0
BARRY JOSEPH	DIRECTOR	1.0	Director	$0	$0	$0
OREN KAUNFER	DIRECTOR	1.0	Director	$0	$0	$0
BARBARA GOODMAN MANILOW	PRESIDENT	1.0	Officer Director	$0	$0	$0
DEBORAH S MEYER	Board CHAIR	1.0	Officer Director	$0	$0	$0
DR STEVEN B NASATIR	TREASURER	1.0	Officer Director	$0	$0	$0
Dr ANNIE POLLAND	DIRECTOR	1.0	Director	$0	$0	$0
SARA CROWN STAR	DIRECTOR	1.0	Director	$0	$0	$0
Dr Jonathan Kransner	Director	1.0	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	No data	No data	No data	No data
2024	$6,318,185	$6,416,470	$6,693,726	$-98,285
2023	$5,612,164	$5,703,803	$7,274,348	$-91,639
2022	$6,350,177	$5,993,869	$8,238,129	$356,308
2021	$5,634,152	$5,301,013	$3,851,148	$333,139
2020	$5,130,096	$4,956,127	$3,119,744	$173,969
2019	$4,908,107	$5,066,715	$3,003,209	$-158,608
2018	$4,613,108	$4,622,713	$3,066,888	$-9,605

Covenant Foundation