COVENANT PATHWAYS

EIN: 473515588 501(c)(3) Human Services

Vanderwagen, NM

Total Revenue
$405,603
Total Expenses
$329,721
Total Assets
$346,378
Net Assets
$336,371
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NM
Principal Officer
Joyce Skeet
Phone
5058708497
Tax Period
2024-01-01 to 2024-12-31

COVENANT PATHWAYS, founded in 2015, is a small nonprofit in the Human Services sector that reported $406K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 19% operating margin.

Mission

Covenant Pathways farm (Spirit Farm) was developed to be a living example of how we can recover and reclaim traditional farming and spiritual practices, along with modern practices, to establish resiliency in our way of life, reducing the dependency on the very food system that is harming us. We apply ancestral Indigenous wisdom integrating creative solutions energized by nature that provides experience and training to grow nutrient rich foods in the southwest high desert. Spirit Farm uses all organic practices, including microbiological composting, to heal the hard high desert southwestern soil. Our mission is to generate opportunities that impact individuals and communities with Native traditions that attach the human spirit to the Earth. In addition, we provide additional opportunities for growers to increase the quantity and quality of their produce, as well as use less water, which is a critical step when growing food in our climate.

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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 $402,481
Program Service Revenue $2,382
Investment Income $45
Other Revenue $695
TOTAL REVENUE $405,603

Expense Breakdown

Grants Paid $0
Salaries & Benefits $215,422
Fundraising Expenses $0
Program Expenses $240,148
Other Expenses $114,299
TOTAL EXPENSES $329,721

Year-over-Year Comparison

2024 2023 Change
Revenue $405,603 $271,153 +0.5%
Expenses $329,721 $258,438 +0.3%
Net Income $75,882 $12,715 +5.0%
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
12
Volunteers
5

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
1
$200
Total Directors
6
$80,353
Key Employees
2
$67,142
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
James Skeet Executive Director 50
Director
$41,137 $0 $41,137
Joyce Skeet Program Director 60
Director Key Emp
$39,016 $0 $39,016
Natana Begay Business Manager 30
Key Emp
$28,126 $0 $28,126
Byron McMillan board president 1
Officer Director
$0 $200 $200
Vanessa Vandever board member 0.5
Director
$0 $0 $0
Percy Anderson board member 0.5
Director
$0 $0 $0
Chanselyn foster board member 0.5
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 $405,603 $329,721 $346,378 $75,882
2023 $271,153 $258,438 $282,243 $12,715
2022 $263,030 $271,621 $272,813 $-8,591
2021 $236,263 $220,119 $296,388 $16,144
2020 $298,465 $166,612 $245,773 $131,853
2020 $298,465 $166,612 $245,773 $131,853
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