Covenant Knights School

EIN: 752642656 501(c)(3) Education

Dallas, TX

Total Revenue
$17,450,287
Total Expenses
$15,638,260
Total Assets
$74,564,468
Net Assets
$28,601,672
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TX
Principal Officer
Amy Anderson
Phone
2143585818
Tax Period
2022-07-01 to 2023-06-30

Covenant Knights School, founded in 1996, is a mid-sized nonprofit in the Education sector that reported $17.5M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $15.6M left a modest 10% surplus.

Mission

The Covenant School exists to glorify God by equipping students with the tools necessary to pursue a lifetime of learning so that they may discern, reason, and defend truth in service to our Lord, Jesus Christ.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,163,803
Program Service Revenue $13,808,515
Investment Income $60,706
Other Revenue $417,263
TOTAL REVENUE $17,450,287

Expense Breakdown

Grants Paid $962,534
Salaries & Benefits $8,674,048
Fundraising Expenses $270,146
Program Expenses $11,276,977
Other Expenses $6,001,678
TOTAL EXPENSES $15,638,260

Year-over-Year Comparison

2022 2021 Change
Revenue $17,450,287 $15,939,967 +0.1%
Expenses $15,638,260 $14,579,471 +0.1%
Net Income $1,812,027 $1,360,496 +0.3%
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
12
Independent Members
12
Employees
215
Volunteers
500

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
0
$0
Total Directors
12
$0
Key Employees
3
$503,972
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Koerner Trustee 5.00
Director
$0 $0 $0
Gregg Hodges M D Trustee 2.00
Director
$0 $0 $0
Amy Anderson Chairman 10.00
Director
$0 $0 $0
Jeff Walker Vice Chairman 2.00
Director
$0 $0 $0
Brian McFarlane Trustee 8.00
Director
$0 $0 $0
John Lewis Trustee 2.00
Director
$0 $0 $0
Andrea Thomason Trustee 2.00
Director
$0 $0 $0
Elise Harper Secretary 5.00
Director
$0 $0 $0
Ray Sperring Treasurer 5.00
Director
$0 $0 $0
J J Barto Trustee 2.00
Director
$0 $0 $0
Michael Breed Trustee 2.00
Director
$0 $0 $0
Will Thomas Trustee 2.00
Director
$0 $0 $0
Robert Littlejohn Head of School 40.00
Key Emp
$255,500 $0 $255,500
Jesse Olvera Athletic Director 40.00
Key Emp
$100,797 $0 $100,797
Brandt Wright Asst Head of School 40.00
Key Emp
$147,675 $0 $147,675
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 No data No data No data No data
2024 No data No data No data No data
2023 $17,450,287 $15,638,260 $74,564,468 $1,812,027
2022 $15,939,967 $14,579,471 $68,629,092 $1,360,496
2021 $15,652,987 $13,334,427 $65,440,145 $2,318,560
2020 $16,900,534 $12,179,150 $61,585,913 $4,721,384
2019 $14,513,512 $11,525,317 $52,714,945 $2,988,195
2018 $10,193,445 $10,192,559 $49,457,918 $886
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