COVENANT LIFE FELLOWSHIP OF LA INC

EIN: 472458442 501(c)(3) Human Services

WEST MONROE, LA

Total Revenue
$235,525
Total Expenses
$240,473
Total Assets
$57,175
Net Assets
$57,175
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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

Principal Officer
MICHAEL CLARK
Phone
3185574455
Tax Period
2022-01-01 to 2022-12-31

COVENANT LIFE FELLOWSHIP OF LA INC is a small nonprofit in the Human Services sector that reported $236K in total revenue in fiscal year 2022. Revenue decreased 9% compared to the prior year.

Mission

FOLLOWERS OF JESUS WHO LOVE ONE ANOTHER, ENCOURAGE ONE ANOTHER, EQUIP ONE ANOTHER AND WHO REACH OUT TO THE WORLD WITH THE GOSPEL.

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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 (2022)

Revenue Breakdown

Contributions & Grants $235,525
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $235,525

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $234,853
Other Expenses $240,473
TOTAL EXPENSES $240,473

Year-over-Year Comparison

2022 2021 Change
Revenue $235,525 $259,475 -0.1%
Expenses $240,473 $244,243 0.0%
Net Income $-4,948 $15,232 -1.3%
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
7
Independent Members
7
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WHIT BASS BOARD MEMBER N/A
Director
$0 $0 $0
KEVIN NUGENT BOARD MEMBER N/A
Director
$0 $0 $0
NEAL POWERS BOARD MEMBER N/A
Director
$0 $0 $0
LEE WILLIAMS BOARD MEMBER N/A
Director
$0 $0 $0
MICHAEL CLARK PRESIDENT N/A
Officer
$0 $0 $0
GARY LIVELY TREASURER N/A
Officer
$0 $0 $0
DAVID TRAPP SECRETARY N/A
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
2022 $235,525 $240,473 $57,175 $-4,948
2021 $259,475 $244,243 $57,101 $15,232
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