COVENANT HEALTH CARE CENTERS INC

EIN: 521115873 501(c)(3) Human Services

NORTHBROOK, IL

Total Revenue
$33,773,585
Total Expenses
$33,793,586
Total Assets
$79,148,776
Net Assets
$45,804,836
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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
1969
Legal Domicile
IL
Principal Officer
DAVID ERICKSON
Phone
8474807110
Tax Period
2023-10-01 to 2024-09-30

COVENANT HEALTH CARE CENTERS INC, founded in 1969, is a mid-sized nonprofit in the Human Services sector that reported $30.2M in total revenue in fiscal year 2018.

Mission

CARE FOR SENIOR ADULTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $818,664
Program Service Revenue $32,354,748
Investment Income $544,829
Other Revenue $55,344
TOTAL REVENUE $33,773,585

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,625,780
Fundraising Expenses $2,151
Program Expenses $27,538,396
Other Expenses $13,167,806
TOTAL EXPENSES $33,793,586

Year-over-Year Comparison

2023 2022 Change
Revenue $33,773,585 $35,100,792 0.0%
Expenses $33,793,586 $33,057,958 +0.0%
Net Income $-20,001 $2,042,834 -1.0%
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

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Governance

Voting Members
18
Independent Members
14
Employees
N/A
Volunteers
17

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
10
$3,161,302
Total Directors
22
$2,095,747
Key Employees
2
$673,723
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERRI S CUNLIFFE DIRECTOR/CLCS PRESIDENT/CEO-PART YR 1.00
Officer Director
$0 $33,657 $961,812
DAVID G ERICKSON GEN COUNSEL PART YR/ASST SEC/CEO 1.00
Officer Director
$0 $122,066 $554,672
TODD SLECHTA DIRECTOR/EX-OFFICIO 0.10
Director
$0 $59,996 $365,122
TAMMY SWANSON-DRAHEIM DIRECTOR/EX-OFFICIO 0.10
Director
$0 $105,500 $214,141
JANET CREANEY DIRECTOR/CHAIR 0.10
Officer Director
$0 $0 $0
LORENE FLEWELLEN DIRECTOR/VICE CHAIR 0.10
Officer Director
$0 $0 $0
JANET GOELZ HOFFMAN DIRECTOR/SECRETARY 0.10
Officer Director
$0 $0 $0
ALLAN ANDERSON DIRECTOR 0.10
Director
$0 $0 $0
SARAH BENTLEY DIRECTOR 0.10
Director
$0 $0 $0
KATHY BUETTNER DIRECTOR 0.10
Director
$0 $0 $0
PAMELA CHRISTENSEN DIRECTOR 0.10
Director
$0 $0 $0
ARTHUR DEROOY DIRECTOR/EX-OFFICIO - PART YEAR 0.10
Director
$0 $0 $0
JOHN FREDRICKSON DIRECTOR 0.10
Director
$0 $0 $0
KURT KINCANON DIRECTOR 0.10
Director
$0 $0 $0
MATTHEW MANLOVE DIRECTOR 0.10
Director
$0 $0 $0
ROBERT MARTIN DIRECTOR 0.10
Director
$0 $0 $0
JENNIFER MEANS DIRECTOR 0.10
Director
$0 $0 $0
MARY PALMER DIRECTOR/EX-OFFICIO 0.10
Director
$0 $0 $0
LOANN PETERSON DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
DIXIE REPPE DIRECTOR - PART YEAR 0.10
Director
$0 $0 $0
RICK SHEPARD DIRECTOR 0.10
Director
$0 $0 $0
ANDREW VANOVER DIRECTOR 0.10
Director
$0 $0 $0
JEAN E JUSTIE CFO/TREASURER/ASST SECRETARY 1.00
Officer
$0 $90,531 $550,215
WILLIAM RABE CHIEF INFO & TECH OFFICER/ASST SEC. 1.00
Officer
$0 $60,892 $424,704
CORY KALLHEIM GENERAL COUNSEL/ASST SECRETARY 1.00
Officer
$0 $70,455 $325,787
JAY PRINCE SVP, COMMUNITY OPS/ASST SECRETARY 1.00
Officer
$0 $24,248 $235,346
EMILY WARNYGORA SR. EXEC. ASST TO CEO/ASST SECRETARY 1.00
Officer
$0 $13,095 $108,766
TANDERIA BROWN CHIEF HUMAN RESOURCES OFFICER 1.00
Key Emp
$0 $65,889 $370,604
HILDE SAGER ASSOCIATE VICE PRESIDENT, OPERATIONS 1.00
Key Emp
$0 $52,452 $303,119
CORY STERN FORMER INTERIM FINANCE LEAD/TREAS. 0.00
$0 $34,904 $268,486
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 $33,773,585 $33,793,586 $79,148,776 $-20,001
2023 $35,100,792 $33,057,958 $80,516,766 $2,042,834
2022 $33,233,689 $31,984,506 $81,702,246 $1,249,183
2021 $35,580,141 $33,585,414 $80,834,072 $1,994,727
2020 $33,621,128 $30,808,453 $80,281,051 $2,812,675
2019 $30,249,419 $29,591,518 $72,101,508 $657,901
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