NEW COVENANT ACADEMY (EIN 431226560) - 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

1980

Legal Domicile

Principal Officer

JEFF WARD

Phone

4178879848

Tax Period

2024-07-01 to 2025-06-30

NEW COVENANT ACADEMY, founded in 1980, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 6% surplus.

Mission

TO PROVIDE CHRISTIAN EDUCATION FOR CHILDREN GRADES K-12.

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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 $969,035

Program Service Revenue $7,596,092

Investment Income $66,660

Other Revenue $131,892

TOTAL REVENUE $8,763,679

Expense Breakdown

Grants Paid $384,111

Salaries & Benefits $4,742,008

Fundraising Expenses $143,760

Program Expenses $7,036,888

Other Expenses $3,093,130

TOTAL EXPENSES $8,219,249

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,763,679	$7,919,578	+0.1%
Expenses	$8,219,249	$7,093,374	+0.2%
Net Income	$544,430	$826,204	-0.3%

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

186

Volunteers

350

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

$278,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM CASEY	CHIEF ACADEM	40.00	Officer	$87,455	$12,798	$100,253
MARLYS SCHOENWETTER	CHIEF FINANC	40.00	Officer	$103,820	$6,255	$110,075
DR TAYO OBAFEMI-AJAYI	BOARD MEMBER	2.00	Director	$0	$0	$0
RICHARD MILLER	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF WARD	CHAIRMAN	2.00	Officer Director	$0	$0	$0
LANCE WILEY	BOARD MEMBER	2.00	Director	$0	$0	$0
DR VICKIE WISDOM	BOARD MEMBER	2.00	Director	$0	$0	$0
DR CORBIN VANDEWEGE	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
DAVID MESSNER	BOARD MEMEBE	2.00	Director	$0	$0	$0
DENNY SEIBER	BOARD MEMBER	2.00	Director	$0	$0	$0
KRYSTAL SIMON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMI NEMETI	SECRETARY	40.00	Officer	$60,082	$8,236	$68,318
JOEL BLOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
ZACHARY GRELL	BOARD MEMBER	2.00	Director	$0	$0	$0
DR SARAH MURRAY	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY KIRK	BOARD MEMBER	2.00	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	$8,763,679	$8,219,249	$20,701,845	$544,430
2024	$7,919,578	$7,093,374	$20,010,176	$826,204
2023	$7,090,284	$6,561,599	$22,174,770	$528,685
2022	$6,849,347	$5,471,558	$23,781,428	$1,377,789
2021	$6,490,404	$4,988,161	$21,228,697	$1,502,243
2020	$5,549,871	$4,762,031	$20,036,662	$787,840
2019	$5,817,885	$4,690,229	$19,970,007	$1,127,656
2018	$5,174,676	$3,754,515	$16,885,550	$1,420,161

NEW COVENANT ACADEMY