COVENANT COMMUNITY DEVELOPMENT CORP (EIN 474667808) - 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

LUTHER WHITFIELD

Phone

2604410001

Tax Period

2024-01-01 to 2024-12-31

COVENANT COMMUNITY DEVELOPMENT CORP, founded in 2015, is a small nonprofit in the Youth Development sector that reported $168K in total revenue in fiscal year 2024. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $255K exceeded revenue, resulting in a 52% operating deficit.

Mission

THE COVENANT IMPACT CENTER WILL STAND AS A THRIVING LOCATION TO BRING HELP AND HOPE TO OUR COMMUNITY WHERE COMMUNITY MEMBERS AND THEIR FAMILIES ARE EMPOWERED TO BE HEALTHY, SAFE, EDUCATED, AND EQUIPPED TO ACHIEVE THEIR LIFE'S GOALS.

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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 $152,577

Program Service Revenue $15,307

Investment Income $0

Other Revenue $63

TOTAL REVENUE $167,947

Expense Breakdown

Grants Paid $0

Salaries & Benefits $98,197

Fundraising Expenses $2,766

Program Expenses $237,961

Other Expenses $157,286

TOTAL EXPENSES $255,483

Year-over-Year Comparison

	2024	2023	Change
Revenue	$167,947	$603,184	-0.7%
Expenses	$255,483	$846,846	-0.7%
Net Income	$-87,536	$-243,662	-0.6%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REGGIE BURTON	MEMBER	0.45	Director	$0	$0	$0
MICHAEL EDMONDS	TREASURER	0.45	Officer Director	$0	$0	$0
TYRON FORD	CHAIRMAN	3.00	Director	$0	$0	$0
PARK GINDER	MEMBER	0.45	Director	$0	$0	$0
STACY KELSAW	SECRETARY	0.45	Officer Director	$0	$0	$0
DAVID VIELMA	MEMBER	0.45	Officer Director	$0	$0	$0
LUTHER WHITFIELD	SENIOR PASTO	1.00	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	$167,947	$255,483	$41,584	$-87,536
2023	$603,184	$846,846	$128,545	$-243,662
2022	$911,933	$1,175,200	$381,888	$-263,267
2021	$1,081,632	$804,988	$650,557	$276,644
2020	$1,080,237	$1,455,696	$360,319	$-375,459
2019	$868,862	$290,961	$734,092	$577,901

COVENANT COMMUNITY DEVELOPMENT CORP