THE COVENANT SCHOOL (EIN 473758268) - 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

2015

Legal Domicile

Principal Officer

WILLIAM G DUKE

Phone

3363701222

Tax Period

2023-07-01 to 2024-06-30

THE COVENANT SCHOOL, founded in 2015, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.5M left a modest 5% surplus.

Mission

TO EDUCATE STUDENTS UTILIZING THE UNIVERSITY-MODEL EDUCATION TO PREPARE STUDENTS ACADEMICALLY AND SPIRITUALLY WHILE CULTIVATING BOTH THE RELATIONSHIPS BETWEEN JESUS AND CHILDREN AND PARENTS AND CHILDREN.

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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 $68,681

Program Service Revenue $1,534,794

Investment Income $29,402

Other Revenue $0

TOTAL REVENUE $1,632,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,046,460

Fundraising Expenses $0

Program Expenses $1,456,688

Other Expenses $499,121

TOTAL EXPENSES $1,545,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,632,877	$1,228,910	+0.3%
Expenses	$1,545,581	$1,214,479	+0.3%
Net Income	$87,296	$14,431	+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

Governance

Voting Members

Independent Members

Employees

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

$159,533

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DREW HILL	DIRECTOR/HEA	40.00	Director	$138,533	$0	$138,533
AMY SASSER	DIRECTOR/OPE	40.00	Director	$21,000	$0	$21,000
JESSICA DUKE	SECRETARY	N/A	Officer Director	$0	$0	$0
WILLIAM G DUKE	TREASURER	N/A	Officer Director	$0	$0	$0
NATALIE HILL	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN SASSER	CHAIRMAN	N/A	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
2025	No data	No data	No data	No data
2024	$1,632,877	$1,545,581	$1,187,675	$87,296
2023	$1,228,910	$1,214,479	$866,893	$14,431
2022	$984,542	$823,091	$715,081	$161,451
2021	$794,083	$584,113	$576,987	$209,970
2020	$581,640	$432,908	$355,389	$148,732
2019	$379,123	$300,975	$145,983	$78,148

THE COVENANT SCHOOL