COVENANT NETWORK (EIN 431768606) - 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

1996

Legal Domicile

Principal Officer

JOHN A HOLMAN

Phone

3147527000

Tax Period

2024-05-01 to 2025-04-30

COVENANT NETWORK, founded in 1996, is a community nonprofit in the Religion sector that reported $2.0M in total revenue in fiscal year 2024. Net assets of $5.7M represent 34 months of operating reserves.

Mission

TO SHARE AND TEACH THE CATHOLIC FAITH PRIMARILY THROUGH RADIO AND TO A LESSER EXTENT, DISTRIBUTION OF REGLIGIOUS MATERIALS AND DIGITAL AND SOCIAL MEDIA.

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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 $1,742,024

Program Service Revenue $76,500

Investment Income $211,076

Other Revenue $209

TOTAL REVENUE $2,029,809

Expense Breakdown

Grants Paid $14,573

Salaries & Benefits $747,586

Fundraising Expenses $243,812

Program Expenses $1,720,547

Other Expenses $1,386,364

TOTAL EXPENSES $2,148,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,029,809	$2,112,963	0.0%
Expenses	$2,148,523	$1,990,072	+0.1%
Net Income	$-118,714	$122,891	-2.0%

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

N/A

Employees

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

$168,064

Total Directors

$168,064

Key Employees

$155,151

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN A HOLMAN	GENERAL MANAGER	37.00	Officer Director	$83,804	$1,257	$85,061
TERESA HOLMAN	ASSISTANT MANAGER/DEVELOPMENT	44.00	Officer Director	$68,732	$14,271	$83,003
TAMMY KEPPNER	TREASURER	1.00	Officer Director	$0	$0	$0
JOSEPH GEERLING	DIRECTOR OF ENGINEERING	40.00	Key Emp	$153,524	$1,627	$155,151

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	$2,029,809	$2,148,523	$5,678,577	$-118,714
2024	$2,112,963	$1,990,072	$5,799,335	$122,891
2023	$1,712,322	$1,700,105	$5,675,455	$12,217
2022	$1,842,852	$1,626,446	$5,664,123	$216,406
2021	$2,646,040	$1,530,222	$5,672,666	$1,115,818
2020	$1,534,659	$1,332,008	$4,634,011	$202,651
2019	$1,711,796	$1,217,050	$4,480,589	$494,746

COVENANT NETWORK