THE COVENANT PREPARATORY SCHOOL

EIN: 760367761 501(c)(3) Education

KINGWOOD, TX

Total Revenue
$4,890,261
Total Expenses
$4,196,373
Total Assets
$8,434,702
Net Assets
$6,585,058
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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
1993
Legal Domicile
TX
Principal Officer
LORRAINE HILL
Phone
2813591090
Tax Period
2024-08-01 to 2025-07-31

THE COVENANT PREPARATORY SCHOOL, founded in 1993, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $4.2M left a modest 14% 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.

Program Service Accomplishments

Program 1
Expenses: $3,181,967 Revenue: $4,593,017

CHRISTIAN EDUCATION AND CHARACTER DEVELOPMENT.

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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 $139,443
Program Service Revenue $4,593,017
Investment Income $146,524
Other Revenue $11,277
TOTAL REVENUE $4,890,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,570,856
Fundraising Expenses $69,995
Program Expenses $3,376,266
Other Expenses $1,625,517
TOTAL EXPENSES $4,196,373

Year-over-Year Comparison

2024 2023 Change
Revenue $4,890,261 $3,989,660 +0.2%
Expenses $4,196,373 $3,496,660 +0.2%
Net Income $693,888 $493,000 +0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
84
Volunteers
50

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
9
$0
Total Directors
9
$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
$135,769 $0 $135,769
COLT CAMPBELL PROJECT MANA N/A
Officer Director
$0 $0 $0
SHAUN DEAN LEADERSHIP / N/A
Officer Director
$0 $0 $0
DESIREE GONZALEZ FINANCE N/A
Officer Director
$0 $0 $0
KYLE LIPSTREU TECHNOLOGY N/A
Officer Director
$0 $0 $0
JEFF ROGERS VICE CHAIR N/A
Officer Director
$0 $0 $0
ALLISON TROUSDALE LEGAL N/A
Officer Director
$0 $0 $0
ROBERT D WHITE TREASURER N/A
Officer Director
$0 $0 $0
RICH WHITTINGTON SECRETARY N/A
Officer Director
$0 $0 $0
TOM WOOD BOARD 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
2025 $4,890,261 $4,196,373 $8,434,702 $693,888
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
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