COVENANT ACADEMIES FOUNDATION (EIN 475613722) - 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

EDD SNYDER

Phone

2317203100

Tax Period

2023-07-01 to 2024-06-30

COVENANT ACADEMIES FOUNDATION, founded in 2015, is a community nonprofit in the Youth Development sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $376K, a strong 27% operating margin.

Mission

COVENANT ACADEMIES FOUNDATION PROVIDES SUPPORT FOR THE OPERATION OF CHARTER SCHOOLS.

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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 $65,500

Program Service Revenue $1,330,081

Investment Income $8,942

Other Revenue $0

TOTAL REVENUE $1,404,523

Expense Breakdown

Grants Paid $35,500

Salaries & Benefits $437,464

Fundraising Expenses $0

Program Expenses $970,063

Other Expenses $556,059

TOTAL EXPENSES $1,029,023

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,404,523	$1,128,682	+0.2%
Expenses	$1,029,023	$788,314	+0.3%
Net Income	$375,500	$340,368	+0.1%

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

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

$307,774

Total Directors

$108,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDD SNYDER	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE KAPLAN	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JIM WOLOHAN	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDGE GREG PITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
RITA RAICHOUDHURI	DIRECTOR	1.00	Director	$0	$0	$0
RICH THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
SANDI JONES	DIRECTOR	1.00	Director	$0	$0	$0
GRETCHEN LAHAIE	CHIEF OPER O	40.00	Officer	$96,397	$3,918	$100,315
SAM JOSEPH	BOARD CHAIR	40.00	Officer Director	$83,679	$24,953	$108,632
AMANDA ACKER	CHIEF ACADEM	40.00	Officer	$90,199	$8,628	$98,827

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	$1,404,523	$1,029,023	$3,494,021	$375,500
2023	$1,128,682	$788,314	$3,152,315	$340,368
2022	$1,154,910	$861,046	$2,847,877	$293,864
2021	$1,341,997	$918,864	$2,790,053	$423,133
2020	$1,281,862	$1,152,906	$2,452,444	$128,956
2019	$1,148,868	$1,197,703	$2,607,722	$-48,835
2018	$1,086,428	$642,571	$2,527,261	$443,857

COVENANT ACADEMIES FOUNDATION