COVENANT HOUSING CORPORATION (EIN 481118074) - 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

1992

Legal Domicile

Principal Officer

EDMOND NASH

Phone

3166166288

Tax Period

2023-01-01 to 2023-12-31

COVENANT HOUSING CORPORATION, founded in 1992, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.5M, a strong 23% operating margin.

Mission

ASSISTED LIVING CARE FOR THE ELDERLY IN A HOME-LIKE SETTING WHICH ENHANCES THEIR QUALITY OF LIFE.

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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 $0

Program Service Revenue $5,948,086

Investment Income $254,811

Other Revenue $0

TOTAL REVENUE $6,202,897

Expense Breakdown

Grants Paid $236,000

Salaries & Benefits $2,460,653

Fundraising Expenses $0

Program Expenses $4,686,637

Other Expenses $2,049,984

TOTAL EXPENSES $4,746,637

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,202,897	$5,376,725	+0.2%
Expenses	$4,746,637	$4,497,905	+0.1%
Net Income	$1,456,260	$878,820	+0.7%

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

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

$20,000

Total Directors

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN WILSON	DIRECTOR	1.00	Director	$10,000	$0	$10,000
EDMOND NASH MD	PRESIDENT/DIRECTOR	3.00	Officer Director	$10,000	$0	$10,000
KEVIN HOPPOCK	DIRECTOR	1.00	Director	$10,000	$0	$10,000
TOM WAKEFIELD	SECRETARY/DIRECTOR	1.00	Officer Director	$10,000	$0	$10,000
BARBARA S WILLIAMS	DIRECTOR	1.00	Director	$10,000	$0	$10,000
PHIL NEWLIN	DIRECTOR	1.00	Director	$10,000	$0	$10,000

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	No data	No data	No data	No data
2023	$6,202,897	$4,746,637	$13,417,218	$1,456,260
2022	$5,376,725	$4,497,905	$12,205,680	$878,820
2021	$4,649,376	$3,871,929	$11,732,256	$777,447
2020	$4,544,743	$3,891,845	$11,336,665	$652,898
2019	$4,400,491	$3,482,643	$10,714,140	$917,848
2018	$4,552,480	$3,581,484	$10,195,167	$970,996

COVENANT HOUSING CORPORATION