COVENANT CLASSICAL SCHOOL (EIN 561969559) - 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

1996

Legal Domicile

Principal Officer

RUSS LEJEUNE

Phone

7047921854

Tax Period

2023-07-01 to 2024-06-30

COVENANT CLASSICAL SCHOOL, founded in 1996, is a community nonprofit in the Education sector that reported $2.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PRIMARY AND SECONDARY EDUCATION

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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 $147,299

Program Service Revenue $2,198,049

Investment Income $9,231

Other Revenue $0

TOTAL REVENUE $2,354,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,619,525

Fundraising Expenses $13,430

Program Expenses $1,763,829

Other Expenses $697,136

TOTAL EXPENSES $2,316,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,354,579	$2,138,530	+0.1%
Expenses	$2,316,661	$2,067,402	+0.1%
Net Income	$37,918	$71,128	-0.5%

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

N/A

Employees

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

Total Directors

$72,975

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS HILL	BOARD DIRECTOR	2.00	Director	$0	$0	$0
RUSS LEJEUNE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DONNA CRAWFORD	BOARD DIRECTOR	2.00	Director	$0	$0	$0
JANE DEARING	BOARD DIRECTOR	2.00	Director	$0	$0	$0
PATRICK DAGENHART	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DAWN RUSSELL	HEAD OF SCHOOL	40.00	Director	$67,789	$5,186	$72,975

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	$2,354,579	$2,316,661	$4,339,557	$37,918
2023	$2,138,530	$2,067,402	$4,509,354	$71,128
2022	$2,104,439	$1,896,595	$4,446,910	$207,844
2021	$2,112,072	$1,659,719	$4,269,977	$452,353
2020	$1,769,380	$1,637,957	$4,105,518	$131,423
2019	$1,793,162	$1,380,616	$3,851,557	$412,546

COVENANT CLASSICAL SCHOOL