Covenant Place of Sumter Inc (EIN 570954773) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

Barry Reynolds

Phone

8034697007

Tax Period

2021-10-01 to 2022-09-30

Covenant Place of Sumter Inc, founded in 1993, is a mid-sized nonprofit that reported $18.0M in total revenue in fiscal year 2021. Revenue surged 191% from the prior year, signaling strong growth momentum.

Mission

To provide high quality housing, supportive services, and health care while fostering an environment which ensures freedom, dignity, independence, and security for the entire community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $637,397

Program Service Revenue $3,960,052

Investment Income $13,439,836

Other Revenue $5,000

TOTAL REVENUE $18,042,285

Expense Breakdown

Grants Paid $13,052,999

Salaries & Benefits $3,234,534

Fundraising Expenses $0

Program Expenses $17,432,965

Other Expenses $2,052,150

TOTAL EXPENSES $18,339,683

Year-over-Year Comparison

	2021	2020	Change
Revenue	$18,042,285	$6,207,096	+1.9%
Expenses	$18,339,683	$6,424,895	+1.9%
Net Income	$-297,398	$-217,799	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

146

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

$227,175

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Risley Linder Sr	Executive Dir.	40.00	Officer	$227,175	$0	$227,175
Leon McDonald	Director	1.00	Director	$0	$0	$0
Sue McDuffie	Director	1.00	Director	$0	$0	$0
Deloris Griffith	Director	1.00	Director	$0	$0	$0
Kay Raffield	Director	1.00	Director	$0	$0	$0
Vickie Goodwin	Director	1.00	Director	$0	$0	$0
Bill Stokes	Director	1.00	Director	$0	$0	$0
Vonda Mociun	Director	1.00	Director	$0	$0	$0
Jackie Olsen	Director	1.00	Director	$0	$0	$0
Deborah Alford	Director	1.00	Director	$0	$0	$0
Dan Lyles	Director	1.00	Director	$0	$0	$0
Sue Fienning	Director	1.00	Director	$0	$0	$0
Frank Edwards	Treasurer	1.00	Officer	$0	$0	$0
Barry Reynolds	President	2.00	Officer	$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
2022	$18,042,285	$18,339,683	No data	$-297,398
2021	$6,207,096	$7,081,103	$3,899,090	$-874,007
2020	$6,768,448	$7,465,958	$5,497,125	$-697,510
2019	$7,985,403	$7,854,868	$5,920,949	$130,535
2018	$9,522,189	$9,837,490	$6,619,747	$-315,301

Covenant Place of Sumter Inc