COVENANT COMMUNITY SCHOOL INC (EIN 451620113) - 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

2011

Legal Domicile

Principal Officer

LYNDA WILLIAMS

Phone

7046169253

Tax Period

2023-01-01 to 2023-12-31

COVENANT COMMUNITY SCHOOL INC, founded in 2011, is a small nonprofit in the Education sector that reported $171K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $196K exceeded revenue, resulting in a 14% operating deficit.

Mission

COVENANT COMMUNITY SCHOOL, INC. IS A CHARITABLE COMMUNITY SERVICE ORGANIZATION WHOSE MISSION IS TO PROVIDE A CHRIST CENTERED PRESCHOOL EXPERIENCE MINISTERING TO CHILDREN AND THEIR FAMILIES.

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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 $2,195

Program Service Revenue $167,262

Investment Income $0

Other Revenue $1,400

TOTAL REVENUE $170,857

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,028

Fundraising Expenses $0

Program Expenses $161,248

Other Expenses $32,500

TOTAL EXPENSES $195,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,857	$204,510	-0.2%
Expenses	$195,528	$213,267	-0.1%
Net Income	$-24,671	$-8,757	+1.8%

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

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

$48,462

Total Directors

$48,462

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNDA WILLIAMS	DIRECTOR	40.00	Officer Director	$42,462	$6,000	$48,462
TERESA PARTAIN	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$170,857	$195,528	$70,718	$-24,671
2022	$204,510	$213,267	$98,650	$-8,757
2021	$230,843	$206,379	$100,785	$24,464
2020	$193,830	$178,235	$76,758	$15,595
2019	$175,922	$161,836	$60,778	$14,086
2018	$163,037	$157,612	$43,634	$5,425

COVENANT COMMUNITY SCHOOL INC