COVENANT COMMUNITY CAPITAL CORPORATION (EIN 760573676) - 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

1998

Legal Domicile

Principal Officer

Stephan Fairfield

Phone

8328792204

Tax Period

2023-01-01 to 2023-12-31

COVENANT COMMUNITY CAPITAL CORPORATION, founded in 1998, is a community nonprofit in the Community Improvement sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $5.3M represent 28 months of operating reserves.

Mission

Covenant equips aspirational working families to thrive and secure intergenerational resilience by acquiring affordable homes, accessing quality education, managing risk, and building savings for life.

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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 $673,238

Program Service Revenue $1,580,256

Investment Income $44,755

Other Revenue $0

TOTAL REVENUE $2,298,249

Expense Breakdown

Grants Paid $182,162

Salaries & Benefits $634,800

Fundraising Expenses $92,494

Program Expenses $2,270,715

Other Expenses $1,588,291

TOTAL EXPENSES $2,405,253

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,298,249	$2,093,022	+0.1%
Expenses	$2,405,253	$2,400,132	+0.0%
Net Income	$-107,004	$-307,110	-0.7%

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

N/A

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

$136,508

Total Directors

$136,508

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephan Fairfield	President & CEO	24.00	Officer Director	$98,026	$38,482	$136,508
John Cochran	Secretary	2.00	Officer Director	$0	$0	$0
Karen Becerra	Director	1.00	Director	$0	$0	$0
Eugene Lee	Director	1.00	Director	$0	$0	$0
Gloria Sanderson	Chairman	1.00	Officer Director	$0	$0	$0
Shad Bogany	Director	1.00	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	No data	No data	No data	No data
2023	$2,298,249	$2,405,253	$8,316,557	$-107,004
2022	$2,093,022	$2,400,132	$9,150,132	$-307,110
2021	$2,210,165	$2,155,213	$9,362,906	$54,952
2020	$3,282,784	$4,068,645	$9,424,576	$-785,861
2019	$3,469,907	$3,847,507	$10,264,639	$-377,600
2018	$4,717,262	$1,712,201	$11,514,151	$3,005,061

COVENANT COMMUNITY CAPITAL CORPORATION