COVENANT KIDS INC (EIN 752889215) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

KAREN LUND

Phone

8175169100

Tax Period

2023-01-01 to 2023-12-31

COVENANT KIDS INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $23.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE A SAFE, LOVING, AND STRUCTURED FAMILY ENVIRONMENT IN WHICH CHILDREN MAY GROW, MATURE, AND EXPERIENCE THE LOVE OF GOD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,030,678

Program Service Revenue $22,084,335

Investment Income $11,029

Other Revenue $46,128

TOTAL REVENUE $23,172,170

Expense Breakdown

Grants Paid $5,759,209

Salaries & Benefits $11,825,393

Fundraising Expenses $165,887

Program Expenses $21,831,721

Other Expenses $5,651,860

TOTAL EXPENSES $23,236,462

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,172,170	$24,117,439	0.0%
Expenses	$23,236,462	$23,095,485	+0.0%
Net Income	$-64,292	$1,021,954	-1.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

320

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

$617,958

Total Directors

$460,310

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN LUND	ED/PRES/DIR.	40.00	Officer Director	$196,611	$12,476	$209,087
RON SCHMIDT	VP/DIRECTOR	1.00	Officer Director	$0	$0	$0
DANIEL LUND	SEC/TREAS/DI	40.00	Officer Director	$225,225	$25,998	$251,223
PAM SCHMIDT	DIRECTOR	1.00	Director	$0	$0	$0
TODD NORTON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA FIELDER	DIRECTOR	1.00	Director	$0	$0	$0
DANIELLE ADAMA	DIRECTOR	1.00	Director	$0	$0	$0
MATT RINKER	DIRECTOR	1.00	Director	$0	$0	$0
MIKE MORAN	CFO	40.00	Officer	$0	$9,765	$157,648
MARK LINDSKOG	DIRECTOR OF	40.00	Highest	$128,845	$6,267	$135,112
MICHAEL SCRIVNER	SR DIR FAMIL	40.00	Highest	$104,121	$0	$104,121
JIMMY DOMINEY	VP OF OPERAT	40.00	Highest	$119,729	$6,999	$126,728

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	$23,172,170	$23,236,462	$9,470,523	$-64,292
2022	$24,117,439	$23,095,485	$8,832,707	$1,021,954
2021	$25,298,802	$22,757,703	$7,459,056	$2,541,099
2020	$22,433,879	$21,561,786	$6,270,878	$872,093
2019	$19,040,178	$18,695,468	$5,168,094	$344,710
2018	$17,888,387	$17,365,551	$5,074,761	$522,836

COVENANT KIDS INC