COVENANT THEOLOGICAL SEMINARY (EIN 562278236) - 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

1990

Legal Domicile

Principal Officer

ERIN FLYNN DOVE

Phone

2523552888

Tax Period

2021-01-01 to 2021-12-31

COVENANT THEOLOGICAL SEMINARY, founded in 1990, is a micro nonprofit that reported $38K in total revenue in fiscal year 2021. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $19K, a strong 50% operating margin.

Mission

TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $37,797

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,797

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,839

Other Expenses $19,063

TOTAL EXPENSES $19,063

Year-over-Year Comparison

	2021	2020	Change
Revenue	$37,797	$34,052	+0.1%
Expenses	$19,063	$20,055	0.0%
Net Income	$18,734	$13,997	+0.3%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN FLYNN DOVE	SECRETARY/TR	5.00	Officer Director	$0	$0	$0
RAY LEACH	PRESIDENT	5.00	Officer Director	$0	$0	$0
BERNETHA MOUZON	VICE PRESIDE	5.00	Officer 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
2021	$37,797	$19,063	$36,887	$18,734
2019	$30,343	$27,281	$4,155	$3,062
2018	$58,478	$62,156	$1,593	$-3,678

COVENANT THEOLOGICAL SEMINARY