THE COVENANT PREPARATORY SCHOOL

EIN: 760367761 501(c)(3) Education

KINGWOOD, TX

Total Revenue
$3,989,660
Total Expenses
$3,496,660
Total Assets
$7,271,437
Net Assets
$5,891,170
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TX
Principal Officer
LORRAINE HILL
Phone
2813591090
Tax Period
2023-08-01 to 2024-07-31

THE COVENANT PREPARATORY SCHOOL, founded in 1993, is a community nonprofit in the Education sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $3.5M left a modest 12% surplus.

Mission

THE COVENANT PREPARATORY SCHOOL ASSISTS PARENTS IN DEVELOPING INDIVIDUALS OF STRONG INTELLECT, SPIRIT, BODY, AND HEART BY PROVIDING A COLLEGE PREPARATORY EDUCATION TO PRE-KINDERGARTEN THROUGH TWELFTH GRADE STUDENTS GROUNDED IN CHRISTIAN VALUES AND BIBLICAL PRINCIPLES.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $189,902
Program Service Revenue $3,804,050
Investment Income $64,417
Other Revenue $-68,709
TOTAL REVENUE $3,989,660

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,476,368
Fundraising Expenses $75,966
Program Expenses $2,809,805
Other Expenses $1,020,292
TOTAL EXPENSES $3,496,660

Year-over-Year Comparison

2023 2022 Change
Revenue $3,989,660 $6,463,723 -0.4%
Expenses $3,496,660 $3,673,732 0.0%
Net Income $493,000 $2,789,991 -0.8%
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

Sign In

Governance

Voting Members
7
Independent Members
7
Employees
78
Volunteers
35

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
6
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORRAINE HILL HEAD OF SCHO 40.00
Highest
$141,186 $0 $141,186
KYLE LIPSTREU BOARD CHAIR N/A
Officer Director
$0 $0 $0
GEOFFREY ROGERS BOARD MEMBER N/A
Officer Director
$0 $0 $0
KENNY RYAN EDUCATION LE N/A
Officer Director
$0 $0 $0
ALLISON TROUSDALE SECRETARY N/A
Officer Director
$0 $0 $0
ROBERT D WHITE TREASURER N/A
Officer Director
$0 $0 $0
TOM WOOD VICE CHAIR N/A
Officer 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 $3,989,660 $3,496,660 $7,271,437 $493,000
2023 $6,463,723 $3,673,732 $6,531,790 $2,789,991
2022 $3,770,965 $3,717,901 $7,214,164 $53,064
2021 $7,010,397 $5,062,187 $6,558,550 $1,948,210
2020 $4,728,800 $4,861,890 $6,887,945 $-133,090
2019 $4,747,088 $4,891,993 $6,687,127 $-144,905
2018 $5,656,764 $5,416,135 $6,426,779 $240,629
Explore More Nonprofits
→Top 100 Nonprofits in Texas →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE COVENANT PREPARATORY SCHOOL with other nonprofits in Texas and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.