COVENANT CARE SERVICES INC (EIN 581865887) - 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

1989

Legal Domicile

Principal Officer

Carol Gledhill

Phone

4784754990

Tax Period

2023-07-01 to 2024-06-30

COVENANT CARE SERVICES INC, founded in 1989, is a small nonprofit in the Human Services sector that reported $828K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

Covenant Care Services, Inc. is a non-profit faith-based adoption agency serving birthmothers and adoptive families in the state of Georgia.

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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 $525,246

Program Service Revenue $284,249

Investment Income $18,900

Other Revenue $0

TOTAL REVENUE $828,395

Expense Breakdown

Grants Paid $40,302

Salaries & Benefits $476,964

Fundraising Expenses $117,283

Program Expenses $606,184

Other Expenses $313,036

TOTAL EXPENSES $830,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$828,395	$1,020,767	-0.2%
Expenses	$830,302	$623,015	+0.3%
Net Income	$-1,907	$397,752	-1.0%

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

$81,250

Total Directors

$81,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Bridges	Director	1.00	Director	$0	$0	$0
Jo Betsy Kinser	Vice President	1.00	Officer Director	$0	$0	$0
Bruce Jones	Treasurer	1.00	Officer Director	$0	$0	$0
Sharon Anderson	Director	1.00	Director	$0	$0	$0
Adam Blakely	Vice President	1.00	Officer Director	$0	$0	$0
Judy Kornegay	Director	1.00	Director	$0	$0	$0
Bruce Leicht	Director	1.00	Director	$0	$0	$0
Dr Bailey Mitchell	Director	1.00	Director	$0	$0	$0
Susan Mitchell	Director	1.00	Director	$0	$0	$0
Dr Julian Earls	Director	1.00	Director	$0	$0	$0
Jennifer Marks	Director	1.00	Director	$0	$0	$0
Michael Duckett	Director	1.00	Director	$0	$0	$0
Abbey Gottwals	Director	1.00	Director	$0	$0	$0
Paula Maxwell	Director	1.00	Director	$0	$0	$0
Janet Newman	President	1.00	Officer Director	$0	$0	$0
Kristin Oren	Director	1.00	Director	$0	$0	$0
Jessica Wade	Director	1.00	Director	$0	$0	$0
Carol Gledhill	Executive Director	40.00	Officer Director	$81,250	$0	$81,250

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	No data	No data	No data	No data
2024	$828,395	$830,302	$1,189,906	$-1,907
2022	$1,020,767	$623,015	$1,155,459	$397,752
2021	$747,583	$562,208	$774,680	$185,375
2020	$671,487	$629,439	$571,441	$42,048
2019	$657,853	$630,621	$502,163	$27,232
2018	$668,682	$721,834	$436,085	$-53,152

COVENANT CARE SERVICES INC