Covenant Enabling Residences of Illinois (EIN 363731196) - 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

1990

Legal Domicile

Principal Officer

Tracy Christenson

Phone

7086872038

Tax Period

2024-07-01 to 2025-06-30

Covenant Enabling Residences of Illinois, founded in 1990, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDE HIGH-QUALITY LIVING OPPORTUNITIES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES IN A CHRISTIAN ENVIRONMENT ON BEHALF OF THE EVANGELICAL COVENANT CHURCH.

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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 $93,057

Program Service Revenue $2,738,939

Investment Income $4,008

Other Revenue $148,510

TOTAL REVENUE $2,984,514

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,074,659

Fundraising Expenses $2,083

Program Expenses $2,970,217

Other Expenses $1,041,779

TOTAL EXPENSES $3,116,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,984,514	$2,760,655	+0.1%
Expenses	$3,116,438	$2,807,791	+0.1%
Net Income	$-131,924	$-47,136	+1.8%

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

$304,603

Total Directors

$170,242

Key Employees

$112,252

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MANDY OLSON	CHAIR	2.00	Officer Director	$0	$0	$0
SCOTT MACDONALD	SECRETARY	2.00	Officer Director	$0	$0	$0
KIERSTEN LUNDGREN	DIRECTOR	2.00	Director	$0	$0	$0
DAVE BOGGS	ASSISTANT SECRETARY	30.00	Officer Director	$0	$31,010	$170,242
DAVID DWIGHT	DIRECTOR	2.00	Director	$0	$0	$0
DAVID ANDERSON	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER ZELEK	EXECUTIVE DIRECTOR	40.00	Key Emp	$98,918	$13,334	$112,252
TRACY CHRISTENSON	CONTROLLER	40.00	Officer	$0	$18,563	$134,361

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	$2,984,514	$3,116,438	$2,076,608	$-131,924
2024	$2,760,655	$2,807,791	$2,293,848	$-47,136
2023	$2,575,655	$2,511,701	$2,378,166	$63,954
2022	$2,309,472	$2,160,728	$2,304,106	$148,744
2021	$2,463,929	$2,055,659	$2,160,024	$408,270
2020	$1,976,474	$1,980,946	$2,114,962	$-4,472

Covenant Enabling Residences of Illinois