MUSKEGON, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
COVENANT ACADEMIES FOUNDATION PROVIDES SUPPORT FOR THE OPERATION OF CHARTER SCHOOLS.
CHARTER SCHOOL ASSISTANCE - ASSISTANCE MAY BE IN THE FORM OF MANAGEMENT SERVICES, FUNDS, AND DONATIONS TO THE SCHOOLS AS WELL AS SUPPORTING THE STUDENTS WHO ATTEND THE SCHOOLS BY PROVIDING HOUSING...
CHARTER SCHOOL ASSISTANCE - ASSISTANCE MAY BE IN THE FORM OF MANAGEMENT SERVICES, FUNDS, AND DONATIONS TO THE SCHOOLS AS WELL AS SUPPORTING THE STUDENTS WHO ATTEND THE SCHOOLS BY PROVIDING HOUSING, COOKING SUPPLIES, AND PERSONAL HYGIENE ITEMS.
COVENANT HALL - PROVIDES A HOME-LIKE ENVIRONMENT FOR STUDENTS WHO DO NOT HAVE A STABLE PLACE TO LIVE. THE HALL HAS 30 BEDS AND A STAFF TO HELP THE STUDENTS TAKE CARE OF THEMSELVES AND TEACH THEM HOW...
COVENANT HALL - PROVIDES A HOME-LIKE ENVIRONMENT FOR STUDENTS WHO DO NOT HAVE A STABLE PLACE TO LIVE. THE HALL HAS 30 BEDS AND A STAFF TO HELP THE STUDENTS TAKE CARE OF THEMSELVES AND TEACH THEM HOW TO LIVE IN THE COMMUNITY.
SCHOLARSHIPS - SCHOLARSHIPS ARE PROVIDED TO ELIGIBLE GRADUATES WHO ENROLL AND ATTEND POST-SECONDARY EDUCATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare COVENANT ACADEMIES FOUNDATION with other nonprofits in Michigan and across the country.