Covenant Fusion Church Inc (EIN 463250476) - 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

2013

Legal Domicile

Principal Officer

Srikanth Veerabathini

Phone

4072419184

Tax Period

2024-01-01 to 2024-12-31

Covenant Fusion Church Inc, founded in 2013, is a micro nonprofit in the Religion sector that reported $60K in total revenue in fiscal year 2024. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $91K exceeded revenue, resulting in a 51% operating deficit.

Mission

Our mission is to influence our community with intense discippleship of the Word of God, Equip the church for their purpose in Gods Kingdom, and to encourage our family for victorious development in life.

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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 $60,411

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $90,966

Other Expenses $90,966

TOTAL EXPENSES $90,966

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,411	$205,339	-0.7%
Expenses	$90,966	$264,049	-0.7%
Net Income	$-30,555	$-58,710	-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

N/A

Employees

N/A

Volunteers

N/A

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
Srikanth Veerabathini	PastorOfficer	0.00	Officer	$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	$60,411	$90,966	$2,620	$-30,555
2023	$205,339	$264,049	$38,337	$-58,710
2022	$293,079	$208,175	$111,840	$84,904

Covenant Fusion Church Inc