COVENANT CHRISTIAN HIGH SCHOOL FOUNDATION (EIN 383484236) - 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

1999

Legal Domicile

Principal Officer

JUSTIN KOOLE

Phone

6164535048

Tax Period

2023-01-01 to 2023-12-31

COVENANT CHRISTIAN HIGH SCHOOL FOUNDATION, founded in 1999, is a micro nonprofit in the Education sector that reported $98K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $126K exceeded revenue, resulting in a 28% operating deficit.

Mission

TO RAISE AND INVEST FUNDS FOR THE PURPOSE OF PAYING OUT GRANTS TO COVENANT CHRISTIAN HIGH SCHOOL FOR USE IN THEIR INSTITUTION.

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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 $28,244

Program Service Revenue $0

Investment Income $32,255

Other Revenue $37,916

TOTAL REVENUE $98,415

Expense Breakdown

Grants Paid $124,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $124,500

Other Expenses $1,880

TOTAL EXPENSES $126,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$98,415	$86,076	+0.1%
Expenses	$126,380	$73,864	+0.7%
Net Income	$-27,965	$12,212	-3.3%

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

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BROWER	PRESIDENT	1.00	Officer Director	$0	$0	$0
GARY BOVERHOF	SECRETARY	1.00	Officer Director	$0	$0	$0
JUSTIN KOOLE	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID DOEZEMA	BOARD MEMBER	0.50	Director	$0	$0	$0
MITCH ZUVERINK	VICE ALL	0.50	Officer Director	$0	$0	$0
JASON KREGEL	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID MOELKER	CCHS BOARD REP	0.25	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
2024	No data	No data	No data	No data
2023	$98,415	$126,380	$1,484,582	$-27,965
2022	$86,076	$73,864	$1,396,527	$12,212
2021	$222,849	$66,765	$1,631,031	$156,084
2020	$268,957	$53,263	$1,406,267	$215,694
2019	$151,437	$47,973	$1,109,030	$103,464
2018	$117,914	$41,659	$886,995	$76,255

COVENANT CHRISTIAN HIGH SCHOOL FOUNDATION