COVENANT PREPARATORY SCHOOL INC

EIN: 743238578 501(c)(3) Education

HARTFORD, CT

Total Revenue
$930,389
Total Expenses
$1,070,830
Total Assets
$100,302
Net Assets
$72,748
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CT
Principal Officer
BETH A THURZ
Phone
8605470289
Tax Period
2024-07-01 to 2025-06-30

COVENANT PREPARATORY SCHOOL INC, founded in 2007, is a small nonprofit in the Education sector that reported $930K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE YOUNG MEN FROM UNDERSERVED COMMUNITIES THE FOUNDATION REQUIRED TO SUCCESSFULLY PURSUE HIGHER EDUCATION, TO DEVELOP THE STRENGTH OF THEIR CHARACTER AND TO INSPIRE THEM TO LIVE WITH INTEGRITY AS LEADERS COMMITTED TO THEIR COMMUNITIES

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $913,354
Program Service Revenue $0
Investment Income $0
Other Revenue $17,035
TOTAL REVENUE $930,389

Expense Breakdown

Grants Paid $43,261
Salaries & Benefits $707,418
Fundraising Expenses $35,370
Program Expenses $796,659
Other Expenses $320,151
TOTAL EXPENSES $1,070,830

Year-over-Year Comparison

2024 2023 Change
Revenue $930,389 $1,003,099 -0.1%
Expenses $1,070,830 $1,149,051 -0.1%
Net Income $-140,441 $-145,952 0.0%
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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Governance

Voting Members
22
Independent Members
21
Employees
22
Volunteers
55

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
4
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BERTOLAMI CO-CHAIR 1.00
Officer Director
$0 $0 $0
KEITH J HUBERT CO-CHAIR & AUDIT CHAIR 1.00
Officer Director
$0 $0 $0
JAMES W BERGENN GOVERNANCE CHAIR 1.00
Officer Director
$0 $0 $0
BETH A THURZ FINANCE CHAIR 1.00
Officer Director
$0 $0 $0
DONATO MONACO TRUSTEE 1.00
Director
$0 $0 $0
CARMEN SIERRA TRUSTEE 1.00
Director
$0 $0 $0
MICHAEL CHASE TRUSTEE 1.00
Director
$0 $0 $0
DANIEL CLARK TRUSTEE 1.00
Director
$0 $0 $0
JANE DIGEL TRUSTEE 1.00
Director
$0 $0 $0
GEORGE GILBERT TRUSTEE 1.00
Director
$0 $0 $0
DAVID INGRAM TRUSTEE 1.00
Director
$0 $0 $0
CHERITA MCINTYE TRUSTEE 1.00
Director
$0 $0 $0
GINA MORTIMER TRUSTEE 1.00
Director
$0 $0 $0
BRANDON PIRUS TRUSTEE 1.00
Director
$0 $0 $0
DAVID SHILBERG TRUSTEE 1.00
Director
$0 $0 $0
HARRIS SIMONS TRUSTEE 1.00
Director
$0 $0 $0
ELIZABETH STEWART TRUSTEE 1.00
Director
$0 $0 $0
DAVID WOODS TRUSTEE 1.00
Director
$0 $0 $0
MCKOY NICHOL TRUSTEE 1.00
Director
$0 $0 $0
JAYLEN BERRY TRUSTEE 1.00
Director
$0 $0 $0
CLARISSA HEREDIA TRUSTEE 1.00
Director
$0 $0 $0
TERENCE SHIELDS TRUSTEE 1.00
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
2025 $930,389 $1,070,830 $100,302 $-140,441
2024 $1,003,099 $1,149,051 $321,268 $-145,952
2023 $1,114,135 $1,077,854 $591,927 $36,281
2022 $1,026,446 $877,433 $312,838 $149,013
2021 $837,542 $776,538 $158,047 $61,004
2020 $877,989 $872,275 $97,285 $5,714
2019 $836,417 $993,825 $83,599 $-157,408
2018 $1,124,153 $1,019,075 $286,797 $105,078
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