COVENANT PLACE FOUNDATION

EIN: 431365901 501(c)(3) Human Services

ST LOUIS, MO

Total Revenue
$470,877
Total Expenses
$373,818
Total Assets
$3,648,545
Net Assets
$2,388,555
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MO
Principal Officer
JOAN DENISON
Phone
3144321610
Tax Period
2024-01-01 to 2024-12-31

COVENANT PLACE FOUNDATION, founded in 1985, is a small nonprofit in the Human Services sector that reported $471K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 21% operating margin.

Mission

COVENANT PLACE FOUNDATION (CPF) CREATES A VIBRANT, ENGAGING COMMUNITY FOR SENIORS AND HELPS RESIDENTS OF COVENANT PLACE APARTMENTS AND SENIORS IN THE GREATER COMMUNITY LIVE INDEPENDENTLY AND WITH DIGNITY. THE CARING, SUPPORTIVE SERVICES PROVIDED THROUGH CPF PROMOTE HEALTH, PSYCHOLOGICAL AND SOCIAL WELL-BEING, AND HELP OLDER ADULTS TO SUCCESSFULLY AGE IN PLACE. SOME OF THE ONGOING PROGRAMS FUNDED AND/OR DELIVERED THROUGH COVENANT PLACE FOUNDATION INCLUDE: CATERED EVENING MEALS (INCLUDING KOSHER IF REQUESTED), SUBSIDIZED HOUSEKEEPING, EXERCISE CLASSES, HEALTH AND WELLNESS PROGRAMS, SUBSIDIZED SENIOR MEALS, FOOD PANTRY, LIFE-LONG LEARNING OPPORTUNITIES, VIAL OF LIFE MEDICINE/EMERGENCY CONTACT RECORDS, ASSISTANCE ACCESSING GOVERNMENT PROGRAMS/SERVICES, ON-SITE ANNUAL FLU & PNEUMONIA IMMUNIZATIONS, FREE ONLINE COMPUTER LAB, FREE LENDING LIBRARY, ENTERTAINMENT AND PROGRAMS TO PROMOTE SOCIALIZATION AND DECREASE ISOLATION.

Program Service Accomplishments

Program 1
Expenses: $96,310

THE AGING AHEAD MEAL PROGRAM IS OFFERED TO RESIDENTS AND COMMUNITY SENIORS. THE PROGRAM PROVIDES WEEKNIGHT MEALS, INCLUDING KOSHER, IF REQUESTED, FOR RESIDENTS AND COMMUNITY OLDER ADULTS TO ENJOY THE...

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THE AGING AHEAD MEAL PROGRAM IS OFFERED TO RESIDENTS AND COMMUNITY SENIORS. THE PROGRAM PROVIDES WEEKNIGHT MEALS, INCLUDING KOSHER, IF REQUESTED, FOR RESIDENTS AND COMMUNITY OLDER ADULTS TO ENJOY THE NUTRITION AND SOCIALIZATION. ADULTS AGED 60+ ARE ELIGIBLE FOR THE PROGRAM AND ARE ASKED TO MAKE A SUGGESTED DONATION, BUT MAY DONATE WHATEVER AMOUNT THEY CHOOSE. THOSE UNDER 60 YEARS OF AGE ARE WELCOME TO ENJOY THE MEAL AND PAY FULL COST. PER THE PROGRAM REQUIREMENTS, A CARTON OF MILK IS DISTRIBUTED TO EACH DINER AT THE END OF THE MEAL.

Program 2
Expenses: $83,072 Revenue: $52,878

SUBSIDIZED HOUSEKEEPING SERVICES WERE PROVIDED ON A SLIDING SCALE, BASED ON INCOME, TO OVER 70 SENIORS. THIS ASSISTANCE WITH CLEANING AND LAUNDRY HELPS ELDERLY RESIDENTS TO MAINTAIN THEIR APARTMENT...

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SUBSIDIZED HOUSEKEEPING SERVICES WERE PROVIDED ON A SLIDING SCALE, BASED ON INCOME, TO OVER 70 SENIORS. THIS ASSISTANCE WITH CLEANING AND LAUNDRY HELPS ELDERLY RESIDENTS TO MAINTAIN THEIR APARTMENT, DELAYING THE NEED FOR INSTITUTIONAL CARE, SUPPORTING THEM TO AGE IN PLACE WITH DIGNITY.

Program 3
Expenses: $10,596

HEALTH EDUCATION SEMINARS AND SCREENINGS ARE REGULARLY OFFERED, AND EXERCISE CLASSES ARE OFFERED FIVE DAYS A WEEK. CLASSES ARE FREE TO RESIDENTS AND OFFERED TO THE PUBLIC AT NO OR NOMINAL COST...

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HEALTH EDUCATION SEMINARS AND SCREENINGS ARE REGULARLY OFFERED, AND EXERCISE CLASSES ARE OFFERED FIVE DAYS A WEEK. CLASSES ARE FREE TO RESIDENTS AND OFFERED TO THE PUBLIC AT NO OR NOMINAL COST. ON-SITE GERIATRIC PRIMARY CARE, AND PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY ARE EASILY ACCESSIBLE FOR RESIDENTS AND COMMUNITY SENIORS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $313,458
Program Service Revenue $46,298
Investment Income $104,541
Other Revenue $6,580
TOTAL REVENUE $470,877

Expense Breakdown

Grants Paid $96,310
Salaries & Benefits $104,581
Fundraising Expenses $801
Program Expenses $207,549
Other Expenses $172,927
TOTAL EXPENSES $373,818

Year-over-Year Comparison

2024 2023 Change
Revenue $470,877 $484,328 0.0%
Expenses $373,818 $295,237 +0.3%
Net Income $97,059 $189,091 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
19
Independent Members
19
Employees
N/A
Volunteers
19

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
9
$401,235
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD ALPORT BOARD CHAIR 1.00
Officer Director
$0 $0 $0
BRIAN NEWMAN 1ST VICE CHAIR 1.00
Officer Director
$0 $0 $0
JAY KWESKIN 2ND VICE CHAIR 1.00
Officer Director
$0 $0 $0
BARRY SPIEGELGLASS VICE CHAIR BUILDING DEVELOPMENT 1.00
Officer Director
$0 $0 $0
TODD COHEN TREASURER 1.00
Officer Director
$0 $0 $0
EDIE JANSSON SECRETARY 1.00
Officer Director
$0 $0 $0
HOWARD ROSEN IMMEDIATE PAST CHAIR 1.00
Officer Director
$0 $0 $0
EDDIE CHERRY DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN DAVIS DIRECTOR 1.00
Director
$0 $0 $0
STUART GREENBAUM DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL HAMBURG DIRECTOR 1.00
Director
$0 $0 $0
ADAM HENDIN DIRECTOR 1.00
Director
$0 $0 $0
CHRISTI JOHNANINGMEYER DIRECTOR 1.00
Director
$0 $0 $0
AMY LAMPERT DIRECTOR 1.00
Director
$0 $0 $0
ANNA MARIA LEHRKE DIRECTOR 1.00
Director
$0 $0 $0
SUE MATLOF DIRECTOR 1.00
Director
$0 $0 $0
JESSICA MIROWITZ DIRECTOR 1.00
Director
$0 $0 $0
PATRICK O'BASUYI DIRECTOR 1.00
Director
$0 $0 $0
BONNIE SOLOMON DIRECTOR 1.00
Director
$0 $0 $0
JOAN DENISON PRESIDENT AND CEO 15.00
Officer
$0 $17,274 $263,059
NANCY HAWK CHIEF FINANCIAL OFFICER 5.00
Officer
$0 $12,757 $138,176
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 $470,877 $373,818 $3,648,545 $97,059
2023 $484,328 $295,237 $4,307,489 $189,091
2022 $466,457 $329,141 $3,947,088 $137,316
2021 $412,365 $376,115 $4,824,365 $36,250
2020 $719,184 $580,804 $4,606,410 $138,380
2019 $914,222 $626,940 $4,398,106 $287,282
2018 $737,333 $347,249 $3,475,341 $390,084
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