GEORGE F HARRIS FOUNDATION INC COVENANT VILLAGE (EIN 521382331) - 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

1985

Legal Domicile

Principal Officer

LEE SQUIRES

Phone

7032031033

Tax Period

2024-01-01 to 2024-12-31

GEORGE F HARRIS FOUNDATION INC COVENANT VILLAGE, founded in 1985, is a micro nonprofit in the Religion sector that reported $65K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $94K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO ENCOURAGE FAITH, FAMILIES AND FRIENDSHIPS IN A CHRISTIAN RETREAT SETTING TO CONDUCT CHRISTIAN CAMPS AND RETREATS AND TO PROVIDE A PLACE OF HOSPITALITY FOR CHURCHES AND CHRISTIAN ORGANIZATIONS. OVERALL TO PROVIDE A MODEL OF SUSTAINABLE FORESTRY AND AGRICULTURE FROM A CHRISTIAN WORLDVIEW.

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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 $17,760

Program Service Revenue $45,431

Investment Income $0

Other Revenue $1,759

TOTAL REVENUE $64,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $88,785

Other Expenses $91,438

TOTAL EXPENSES $94,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,950	$69,716	-0.1%
Expenses	$94,438	$96,107	0.0%
Net Income	$-29,488	$-26,391	+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

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
STEVE FITZHUGH	PRESIDENT	30.00	Officer Director	$0	$0	$0
MARCY DONOVAN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SEYMOUR	DIRECTOR	5.00	Director	$0	$0	$0
CHRIS EBERLIN	SECRETARY	20.00	Officer Director	$0	$0	$0
WILLIAM QUICK	DIRECTOR	1.00	Director	$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	$64,950	$94,438	$879,143	$-29,488
2023	$69,716	$96,107	$925,986	$-26,391
2022	$55,386	$101,638	$963,075	$-46,252
2021	$140,399	$151,047	$1,024,722	$-10,648
2020	$129,402	$169,824	$1,045,002	$-40,422

GEORGE F HARRIS FOUNDATION INC COVENANT VILLAGE