COVENANT HOUSE MICHIGAN (EIN 383351777) - 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

1997

Legal Domicile

Principal Officer

MEAGAN DUNN

Phone

3134632000

Tax Period

2023-07-01 to 2024-06-30

COVENANT HOUSE MICHIGAN, founded in 1997, is a community nonprofit in the Human Services sector that reported $5.2M in total revenue in fiscal year 2023. Expenses of $7.3M exceeded revenue, resulting in a 41% operating deficit.

Mission

COVENANT HOUSE MICHIGAN IS A SANCTUARY FOR HOMELESS AND AT-RISK YOUNG PEOPLE, AGES 18-24 WHO HAVE NOWHERE TO GO. IT IS OUR MISSION TO SERVE THESE CHILDREN WITH RESPECT AND LOVE.COVENANT HOUSE MICHIGAN BUILDS BRIDGES TO HOPE FOR YOUNG PEOPLE FACING HOMELESSNESS AND SURVIVORS OF HUMAN TRAFFICKING, MEETING THEIR IMMEDIATE NEEDS FOR FOOD, CLOTHING, PROTECTION, AND MEDICAL CARE. IN SUPPORTING THEM TO ADVANCE THEIR GOALS OF EDUCATION AND EMPLOYMENT, COVENANT HOUSE PARTNERS WITH COMMUNITY ORGANIZATIONS WHO SHARE OUR COMMITMENT OF UNCONDITIONAL LOVE, ABSOLUTE RESPECT, AND RELENTLESS SUPPORT FOR EACH YOUNG PERSON WHO WALKS THROUGH OUR DOORS. OUR DEDICATED STAFF EMPLOY A STRENGTHS-BASED, TRAUMA-INFORMED PRACTICE MODEL THAT HELPS YOUNG PEOPLE DISCOVER AND DEVELOP THEIR POWER TO OVERCOME ADVERSITY NOW AND INTO THE FUTURE.

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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 $4,595,721

Program Service Revenue $568,444

Investment Income $3,159

Other Revenue $-11,255

TOTAL REVENUE $5,156,069

Expense Breakdown

Grants Paid $409,433

Salaries & Benefits $4,939,636

Fundraising Expenses $660,319

Program Expenses $5,524,525

Other Expenses $1,920,798

TOTAL EXPENSES $7,279,542

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,156,069	$5,367,691	0.0%
Expenses	$7,279,542	$6,571,626	+0.1%
Net Income	$-2,123,473	$-1,203,935	+0.8%

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

314

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

$862,649

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLIE RAY	CHAIR	1.00	Officer Director	$0	$0	$0
VERONICA DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
MELISSA JAGST	TREASURER	1.00	Officer Director	$0	$0	$0
VICTORIA BURTON-HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CROOK	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
DAN GARRISON	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA GOINES	DIRECTOR	1.00	Director	$0	$0	$0
JILL HOWARD	DIRECTOR	1.00	Director	$0	$0	$0
ANNE E LEHKER	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN MCMILLION	DIRECTOR	1.00	Director	$0	$0	$0
ERIC PRICCO	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA ROY	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE SCHEFLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL R SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SYTSMA	DIRECTOR	1.00	Director	$0	$0	$0
RPHAEL WASHINGTON	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM BEDROSSIAN	PRESIDENT & CEO	1.00	Officer	$0	$75,191	$548,397
MEAGAN DUNN	CEO, CH-MI	40.00	Officer	$167,704	$30,480	$198,184
BARBARA SMALL	DIRECTOR OF FINANCE THRU SEPT 2023	40.00	Officer	$100,559	$15,509	$116,068
TAMIKA MAYES	CFO AS OF FEB. 2024	40.00	Officer	$0	$0	$0
CYNTHIA ADAMS	ASSOCIATE EXECUTIVE DIRECTOR	40.00	Highest	$133,873	$19,017	$152,890

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	$5,156,069	$7,279,542	$12,026,891	$-2,123,473
2023	$5,367,691	$6,571,626	$13,799,311	$-1,203,935
2022	$5,610,036	$6,057,605	$14,760,320	$-447,569
2021	$6,086,992	$6,070,552	$15,876,146	$16,440
2020	$5,326,868	$5,467,356	$15,352,680	$-140,488
2019	$5,356,291	$5,311,921	$14,722,705	$44,370
2018	$6,842,775	$4,391,345	$14,276,124	$2,451,430

COVENANT HOUSE MICHIGAN