COVENANT CLASSICAL SCHOOL (EIN 752821065) - 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

1999

Legal Domicile

Principal Officer

JAMES W PICKETT JR

Phone

8178200884

Tax Period

2023-08-01 to 2024-07-31

COVENANT CLASSICAL SCHOOL, founded in 1999, is a mid-sized nonprofit in the Education sector that reported $10.8M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 18% operating margin.

Mission

TO TRAIN OUR STUDENTS TO LIVE AND THINK ACCORDING TO A BIBLICAL, CHRIST-CENTERED WORLD VIEW.

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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 $2,210,056

Program Service Revenue $7,463,297

Investment Income $152,454

Other Revenue $929,228

TOTAL REVENUE $10,755,035

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,571,950

Fundraising Expenses $292,777

Program Expenses $5,979,209

Other Expenses $3,218,317

TOTAL EXPENSES $8,790,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,755,035	$8,823,286	+0.2%
Expenses	$8,790,267	$8,134,670	+0.1%
Net Income	$1,964,768	$688,616	+1.9%

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

144

Volunteers

105

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

$224,457

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY SCHUKNECHT	HEAD OF SCHOOL	40.00	Officer	$224,457	$0	$224,457
ANDREW JOHN ELIZALDE	ACADEMIC DEAN	40.00	Highest	$146,674	$0	$146,674
JEREMY MARTIN	DIRECTOR OF ATHLETICS	40.00	Highest	$117,528	$0	$117,528
BEN COWAN	PRESIDENT	10.00	Officer Director	$0	$0	$0
WILL PICKETT	TREASURER	10.00	Officer Director	$0	$0	$0
LAURA JAGEMAN	SECRETARY	10.00	Officer Director	$0	$0	$0
CHRISTIAN ELLIS	MEMBER	10.00	Director	$0	$0	$0
DR DAVID CAPPER	MEMBER	10.00	Director	$0	$0	$0
DOUG BRILEY	MEMBER	10.00	Director	$0	$0	$0
CHRIS TAYLOR	MEMBER	10.00	Director	$0	$0	$0
DAREN KEYES	CHAIRMAN	10.00	Director	$0	$0	$0
BROOKS DANLEY	MEMBER	10.00	Director	$0	$0	$0
CARYN BARBER	MEMBER	10.00	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
2024	$10,755,035	$8,790,267	$26,068,892	$1,964,768
2023	$8,823,286	$8,134,670	$27,039,797	$688,616
2022	$9,648,218	$7,202,833	$27,677,695	$2,445,385
2021	$9,452,870	$6,307,116	$21,414,622	$3,145,754
2020	$6,561,417	$6,096,595	$19,574,896	$464,822
2019	$8,693,700	$5,463,132	$18,389,003	$3,230,568
2018	$5,237,103	$5,172,792	$14,593,910	$64,311

COVENANT CLASSICAL SCHOOL