COVENANT HOUSE NEW ORLEANS (EIN 581669937) - 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

1984

Legal Domicile

Principal Officer

RHENEISHA ROBERTSON

Phone

5045841108

Tax Period

2024-07-01 to 2025-06-30

COVENANT HOUSE NEW ORLEANS, founded in 1984, is a community nonprofit in the Human Services sector that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

COVENANT HOUSE NEW ORLEANS (THE ORGANIZATION) IS A NOT-FOR-PROFIT ORGANIZATION AFFILIATED WITH 34 SIMILAR ORGANIZATIONS ACROSS FIVE COUNTRIES, ALL OF WHICH ARE AFFILIATES OF COVENANT HOUSE INTERNATIONAL (PARENT AFFILIATE) AND SHARE A COMMITMENT TO SERVING YOUTH WITH UNCONDITIONAL LOVE, ABSOLUTE RESPECT AND RELENTLESS SUPPORT. THE ORGANIZATION SERVES AT-RISK YOUTH UNDER THE AGE OF 23 FACING HOMELESSNESS, INCLUDING SURVIVORS OF HUMAN TRAFFICKING AND PREGNANT AND PARENTING YOUTH WITH THEIR CHILDREN. YOUNG PEOPLE ARRIVE AT COVENANT HOUSE WITH AN ARRAY OF LIVED EXPERIENCES AND ADVERSE CHILDHOOD EXPERIENCES (ACES), INCLUDING FOSTER CARE, FAMILY TRAUMA, SUBSTANCE USE DISORDER, MENTAL HEALTH CHALLENGES, DOMESTIC VIOLENCE, SEXUAL ABUSE, SYSTEMS INVOLVEMENT AND HUMAN TRAFFICKING. SOME ALSO COME TO US SCARRED BY ANTI-LGBTQ+ DISCRIMINATION AND VIOLENCE.

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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 $6,196,890

Program Service Revenue $0

Investment Income $52,948

Other Revenue $-45,377

TOTAL REVENUE $6,204,461

Expense Breakdown

Grants Paid $633,188

Salaries & Benefits $4,235,664

Fundraising Expenses $418,506

Program Expenses $5,265,333

Other Expenses $1,701,213

TOTAL EXPENSES $6,595,740

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,204,461	$6,966,573	-0.1%
Expenses	$6,595,740	$7,939,595	-0.2%
Net Income	$-391,279	$-973,022	-0.6%

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

106

Volunteers

176

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

$900,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUIS ZERVIGON	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DR DEIDRE HAYES	CHAIRPERSON THRU JAN 2025/DIRECTOR	2.00	Officer Director	$0	$0	$0
TONI MOBLEY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JUDGE LANCE AFRICK	DIRECTOR, THRU DEC 2024	2.00	Director	$0	$0	$0
ERIC ALEXANDER	DIRECTOR	2.00	Director	$0	$0	$0
DR MARC BEHAR	DIRECTOR	2.00	Director	$0	$0	$0
JUDGE PAULA BROWN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CARTER	DIRECTOR	2.00	Director	$0	$0	$0
CATHERINE CAPPY CULICCHIA	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER MILLICAN DOYLE	DIRECTOR, THRU DEC 2024	2.00	Director	$0	$0	$0
MICHELE FONTENOT	DIRECTOR, THRU OCT 2024	2.00	Director	$0	$0	$0
GREGOR FOX	DIRECTOR	2.00	Director	$0	$0	$0
THELMA FRENCH	DIRECTOR	2.00	Director	$0	$0	$0
LINDA GRAY	DIRECTOR	2.00	Director	$0	$0	$0
KARYN KEARNEY	DIRECTOR	2.00	Director	$0	$0	$0
DAVID KREBS	DIRECTOR	2.00	Director	$0	$0	$0
DERRICK O MARTIN	DIRECTOR, THRU DEC 2024	2.00	Director	$0	$0	$0
PARKER ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
CHRISY ROSS	DIRECTOR, THRU FEB 2025	2.00	Director	$0	$0	$0
TENISHA T STEVENS	DIRECTOR	2.00	Director	$0	$0	$0
PETER WILSON JR	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM BEDROSSIAN	PRESIDENT & CEO	1.00	Officer	$0	$61,586	$535,850
RHENEISHA ROBERTSON	CEO, CH-NO/SECRETARY	50.00	Officer	$187,905	$39,431	$227,336
SHAWNE FAVRE	CFO/TREASURER, THRU MAY 2025	50.00	Officer	$123,771	$13,062	$136,833
MAY WYCHE	CHIEF OPERATING AND PROGRAM OFFICER	50.00	Highest	$100,938	$15,629	$116,567

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	$6,204,461	$6,595,740	$8,321,407	$-391,279
2024	$6,966,573	$7,939,595	$8,395,438	$-973,022
2023	$6,826,356	$8,648,814	$9,214,657	$-1,822,458
2022	$6,945,979	$7,549,795	$10,935,409	$-603,816
2021	$8,505,240	$7,268,892	$11,959,042	$1,236,348
2020	$8,038,181	$6,792,077	$10,475,429	$1,246,104
2019	$6,777,435	$6,075,842	$8,359,563	$701,593
2018	$6,189,579	$5,827,002	$7,492,706	$362,577

COVENANT HOUSE NEW ORLEANS