KENTUCKY COVENANT EDUCATION INC (EIN 454251303) - 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

2014

Legal Domicile

Principal Officer

KEN RANK

Phone

8597370287

Tax Period

2023-01-01 to 2023-12-31

KENTUCKY COVENANT EDUCATION INC, founded in 2014, is a micro nonprofit in the Human Services sector that reported $38K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $33K left a modest 12% surplus.

Mission

TO MEET EXCLUSIVELY THE EDUCATIONAL NEEDS OF STUDENT AND TEACHER AND THE NEEDS OF ANY AND ALL PERSONS LOCATED IN WINCHETER, CLARK COUNTY, KENTUCKY.

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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 $37,638

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,838

Other Expenses $32,964

TOTAL EXPENSES $32,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,638	$31,133	+0.2%
Expenses	$32,964	$36,091	-0.1%
Net Income	$4,674	$-4,958	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY BROWN	DIRECTOR	10.00	Director	$0	$0	$0
BEIT MINORAH	SECRETARY	10.00	Officer Director	$0	$0	$0
KEN RANK	PRESIDENT/TR	20.00	Officer 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	$37,638	$32,964	$125,692	$4,674
2022	$31,133	$36,091	$121,018	$-4,958
2021	$28,159	$28,335	$125,976	$-176
2020	$22,610	$25,686	$126,152	$-3,076
2019	$22,141	$28,172	$129,228	$-6,031
2018	$29,043	$29,971	$135,259	$-928

KENTUCKY COVENANT EDUCATION INC