Covenant Christian School (EIN 760448256) - 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

1994

Legal Domicile

Principal Officer

Anna Stevens

Phone

9368908080

Tax Period

2024-06-01 to 2025-05-31

Covenant Christian School, founded in 1994, is a mid-sized nonprofit in the Education sector that reported $10.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.2M, a strong 22% operating margin.

Mission

To provide education in a Christ-centered environment.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,067,938

Program Service Revenue $7,865,206

Investment Income $103,283

Other Revenue $28,033

TOTAL REVENUE $10,064,460

Expense Breakdown

Grants Paid $638,146

Salaries & Benefits $5,207,025

Fundraising Expenses $139,894

Program Expenses $7,317,396

Other Expenses $2,027,663

TOTAL EXPENSES $7,872,834

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,064,460	$8,746,459	+0.2%
Expenses	$7,872,834	$7,964,057	0.0%
Net Income	$2,191,626	$782,402	+1.8%

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

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

$160,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Harrod	President	2.00	Officer Director	$0	$0	$0
Chris Wade	Vice President	2.00	Officer Director	$0	$0	$0
Priscilla Gillett	Secretary	2.00	Officer Director	$0	$0	$0
Anna Stevens	Treasurer	2.00	Officer Director	$0	$0	$0
Terry Cumbey	Trustee	2.00	Director	$0	$0	$0
Miranda Hahs	Trustee	2.00	Director	$0	$0	$0
Robert Panter	Trustee	2.00	Director	$0	$0	$0
Dr Glenn Slater	Head Administrator	55.00	Officer	$160,047	$351	$160,398

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	$10,064,460	$7,872,834	$13,432,105	$2,191,626
2024	$8,746,459	$7,964,057	$9,304,748	$782,402
2023	$7,849,049	$6,709,849	$8,548,005	$1,139,200
2022	$5,968,603	$4,946,660	$9,808,924	$1,021,943
2021	$4,750,088	$3,952,926	$8,577,833	$797,162
2020	$4,126,174	$3,864,572	$7,148,827	$261,602
2019	$3,684,257	$3,641,983	$6,418,099	$42,274

Covenant Christian School