NEW COVENANT COMMUNITY DEVELOPMENT CORPORATION (EIN 800797774) - 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

2012

Legal Domicile

Principal Officer

RODNEY D BROWN

Phone

7738261356

Tax Period

2023-01-01 to 2023-12-31

NEW COVENANT COMMUNITY DEVELOPMENT CORPORATION, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $691K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $787K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ESTABLISH COMMUNITY STABILITY THOUGH ENTREPRENEURIAL ECONOMIC DEVELOPMENT. WE ACCOMPLISH THIS THROUGH CLASSES, WORKSHOPS, AND ONE ON ONE BUSINESS COACHING.

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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 $691,128

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $691,128

Expense Breakdown

Grants Paid $276,426

Salaries & Benefits $409,338

Fundraising Expenses $0

Program Expenses $585,801

Other Expenses $101,405

TOTAL EXPENSES $787,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$691,128	$1,064,357	-0.4%
Expenses	$787,169	$792,662	0.0%
Net Income	$-96,041	$271,695	-1.4%

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

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

Total Directors

$114,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY D BROWN	EXECUTIVE DI	40.00	Director	$114,316	$0	$114,316
DENNIS DEER	BOARD PRESID	N/A	Director	$0	$0	$0
MARK FERGUSON	TREASURER	N/A	Director	$0	$0	$0
MIKE HOBBS	BOARD MEMBER	N/A	Director	$0	$0	$0
MELVIN HOUSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
SHEILA MCNARY	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMIL MUHAMMAD	BOARD MEMBER	N/A	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	$691,128	$787,169	$1,018,904	$-96,041
2022	$1,064,357	$792,662	$4,909,167	$271,695
2021	$1,893,496	$1,199,751	$1,571,797	$693,745
2020	$1,202,095	$463,538	$877,184	$738,557

NEW COVENANT COMMUNITY DEVELOPMENT CORPORATION