COVENANT CHRISTIAN ACADEMY OF HOUMA LOUISIANA

EIN: 472214420 501(c)(3) Education

HOUMA, LA

Total Revenue
$2,990,831
Total Expenses
$2,667,980
Total Assets
$4,445,754
Net Assets
$4,261,026
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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
LA
Phone
9858511087
Tax Period
2024-08-01 to 2025-07-31

COVENANT CHRISTIAN ACADEMY OF HOUMA LOUISIANA, founded in 2014, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2024. Expenses of $2.7M left a modest 11% surplus.

Mission

TO OFFER A BALANCED QUALITY EDUCATION IN A CHRIST CENTERED ENVIRONMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,860,421
Program Service Revenue $0
Investment Income $19,832
Other Revenue $110,578
TOTAL REVENUE $2,990,831

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,251,975
Fundraising Expenses $0
Program Expenses $2,286,720
Other Expenses $1,416,005
TOTAL EXPENSES $2,667,980

Year-over-Year Comparison

2024 2023 Change
Revenue $2,990,831 N/A N/A
Expenses $2,667,980 N/A N/A
Net Income $322,851 N/A N/A
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

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Governance

Voting Members
4
Independent Members
4
Employees
39
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
0
$0
Total Directors
4
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE FOLMAR HEADMASTER 40.00
Director
$0 $0 $0
HARVEY SHARP III BOARD MEMBER 0.00
Director
$0 $0 $0
KAREN QUICK CHAIRMAN 0.00
Director
$0 $0 $0
HERMAN HURST BOARD MEMBER 0.00
Director
$0 $0 $0
JASON HUTCHINSON PRINCIPAL 0.00
Key Emp
$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
2025 $2,990,831 $2,667,980 $4,445,754 $322,851
2024 $2,838,823 $2,336,844 $4,233,659 $501,979
2023 $2,579,910 $2,254,626 $4,227,368 $325,284
2022 $2,298,788 $1,970,403 $3,266,466 $328,385
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