COVENANT HOSPICE FOUNDATION INC (EIN 593060139) - 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

1991

Legal Domicile

Principal Officer

JEFF MISLEVY

Phone

8504332155

Tax Period

2022-01-01 to 2022-12-31

COVENANT HOSPICE FOUNDATION INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 39% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE FUNDING TO COVENANT HOSPICE, INC. IN ORDER (SEE SCHEDULE O) (CONTINUATION FROM PART I, LINE 1) TO SUPPLEMENT CHARITY AND INDIGENT CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,679,698

Program Service Revenue $0

Investment Income $17,253

Other Revenue $-146,215

TOTAL REVENUE $1,550,736

Expense Breakdown

Grants Paid $855,550

Salaries & Benefits $118,079

Fundraising Expenses $0

Program Expenses $1,927,490

Other Expenses $1,179,992

TOTAL EXPENSES $2,153,621

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,550,736	$2,897,221	-0.5%
Expenses	$2,153,621	$2,138,877	+0.0%
Net Income	$-602,885	$758,344	-1.8%

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

$2,343,807

Total Directors

$1,668,748

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF MISLEVY	PRESIDENT/CEO	4.00	Officer Director	$0	$20,860	$906,028
ODIN BERG	CSO/TREASURER	4.00	Officer Director	$0	$2,496	$433,753
JOE BOYLES	CHAIRMAN	4.00	Officer Director	$0	$0	$0
JESSICA LEE	PAST CHAIR	4.00	Officer Director	$0	$0	$0
SUE STRAUGHN	SECRETARY	4.00	Officer Director	$0	$0	$0
DENNIS BARNES	VICE CHAIR	4.00	Officer Director	$0	$0	$0
RICK APPLEYARD	BOARD MEMBER	4.00	Director	$0	$0	$0
JANE LAUTER	BOARD MEMBER	4.00	Director	$0	$0	$0
ANDREW HOBBS	BOARD MEMBER	4.00	Director	$0	$0	$0
WHITNEY LUCAS	BOARD MEMBER	4.00	Director	$0	$0	$0
HONG POTOMSKI	BOARD MEMBER	4.00	Director	$0	$0	$0
BRIAN WILLIAMS	BOARD MEMBER	4.00	Director	$0	$0	$0
AARON WEST	VP ADVANCEMENT	4.00	Officer Director	$0	$16,600	$328,967
KRISTEN MCGEHEE	COO	4.00	Officer	$0	$18,290	$271,210
ROLAND CLENEAY	CFO	4.00	Officer	$0	$20,719	$403,849
TODD FISHER	COO	4.00		$0	$149	$250,583

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
2023	No data	No data	No data	No data
2022	$1,550,736	$2,153,621	$4,001,614	$-602,885
2021	$2,897,221	$2,138,877	$4,647,990	$758,344
2020	$2,564,845	$2,161,723	$4,718,501	$403,122
2019	$2,018,952	$1,468,218	$3,896,948	$550,734
2018	$2,084,671	$4,145,256	$3,089,075	$-2,060,585

COVENANT HOSPICE FOUNDATION INC