COVENANT PLACE FOUNDATION (EIN 431365901) - 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

1985

Legal Domicile

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

TO PROVIDE CARING SUPPORT SERVICES TO SENIORS.

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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 $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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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

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

$401,235

Total Directors

Key Employees

Highest Compensated

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

COVENANT PLACE FOUNDATION