COVENANT CHILDREN'S CENTER

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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

JON DIOIRO

Phone

6504939505

Tax Period

2024-09-01 to 2025-08-31

COVENANT CHILDREN'S CENTER, founded in 2012, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 12% surplus.

Mission

THE ORGANIZATION STRIVES TO CREATE A NURTURING FAMILY ENVIRONMENT AND GUIDE THE EMOTIONAL AND INTELLECTUAL GROWTH OF YOUNG CHILDREN WITH A FOCUS ON DEVELOPING SELF-CONFIDENCE AND POSITIVE SOCIAL SKILLS - ALL WHILE HAVING FUN.

Program Service Accomplishments

Program 1

Expenses: $1,127,152 Revenue: $1,284,532

DAYCARE & PRE-SCHOOL SERVICES - THE ORGANIZATION PROVIDES DAYCARE SERVICES TO CHILDREN WHO ARE TOO YOUNG TO BEGIN TRADITIONAL PUBLIC SCHOOLING, AS WELL AS PRE-KINDERGARTEN ("PRE-SCHOOL") SERVICES...

DAYCARE & PRE-SCHOOL SERVICES - THE ORGANIZATION PROVIDES DAYCARE SERVICES TO CHILDREN WHO ARE TOO YOUNG TO BEGIN TRADITIONAL PUBLIC SCHOOLING, AS WELL AS PRE-KINDERGARTEN ("PRE-SCHOOL") SERVICES. THERE WERE APPROXIMATELY 70 STUDENTS ENROLLED IN THE DAYCARE AND PRE-SCHOOL PROGRAMS FOR THE CURRENT FISCAL YEAR. THE PROGRAM HAS BEEN IN PLACE SINCE 1978 BUT WAS PREVIOUSLY ADMINSTERED BY THE COVENANT PRESBYTERIAN CHURCH UNTIL 2012. THE LEARNING EXPERIENCES PROVIDED BY THE PROGRAM ARE VARIED BOTH THROUGH CURRICULUM AS WELL AS PLAY, AND ARE DESIGNED TO PROMOTE SOCIAL, EMOTIONAL, COGNITIVE, AND PHYSICAL 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $376,969

Program Service Revenue $1,284,532

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,661,501

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,015,588

Fundraising Expenses $0

Program Expenses $1,127,152

Other Expenses $444,734

TOTAL EXPENSES $1,460,322

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,661,501	$1,420,380	+0.2%
Expenses	$1,460,322	$1,456,961	+0.0%
Net Income	$201,179	$-36,581	-6.5%

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

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

$198,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALANNA O'HEA	DIRECTOR	40.00	Director	$62,528	$11,143	$73,671
JOHN DIOIRO	PRESIDENT	0.50	Officer Director	$0	$0	$0
KATE LAYTON	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LAVON HOWARD	ASSISTANT DIRECTOR	40.00	Director	$63,913	$2,640	$66,553
MARI UEDA-TAO	SECRETARY	0.50	Officer Director	$0	$0	$0
BRANDI ROBINSON	ASSISTANT DIRECTOR	40.00	Director	$46,904	$11,680	$58,584
ANNIE RUBIN	TRUSTEE	0.50	Director	$0	$0	$0
AMBIKA SHARMA	TRUSTEE	0.50	Director	$0	$0	$0
YONGDAN CHUNYU	TRUSTEE	0.50	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	$1,661,501	$1,460,322	$447,359	$201,179
2024	$1,420,380	$1,456,961	$246,303	$-36,581
2023	$1,403,657	$1,368,771	$282,882	$34,886
2022	$1,249,458	$1,318,224	$242,899	$-68,766
2021	$1,319,171	$1,179,257	$311,612	$139,914
2020	$1,240,961	$1,482,752	$337,646	$-241,791
2019	$1,594,517	$1,566,835	$498,812	$27,682
2018	$1,351,412	$1,449,112	$271,976	$-97,700