WESLEYAN COVENANT ASSOCIATION (EIN 812976423) - 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

2016

Legal Domicile

Principal Officer

CHRIS AKERS

Phone

6306066035

Tax Period

2023-07-01 to 2024-06-30

WESLEYAN COVENANT ASSOCIATION, founded in 2016, is a small nonprofit in the Religion sector that reported $694K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $792K exceeded revenue, resulting in a 14% operating deficit.

Mission

Cleargy persons and laity who desire to cooperate in the mission of the WCA to promote the Gospel from a Wesleyan theological perspective within the United Methodist Church.

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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 $687,130

Program Service Revenue $0

Investment Income $5,423

Other Revenue $1,212

TOTAL REVENUE $693,765

Expense Breakdown

Grants Paid $169,072

Salaries & Benefits $168,378

Fundraising Expenses $23,694

Program Expenses $452,091

Other Expenses $454,851

TOTAL EXPENSES $792,301

Year-over-Year Comparison

	2023	2022	Change
Revenue	$693,765	$1,152,251	-0.4%
Expenses	$792,301	$1,068,145	-0.3%
Net Income	$-98,536	$84,106	-2.2%

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

$118,667

Total Directors

$160,815

Key Employees

$153,867

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES THERRELL	PRESIDENT ENDING 6/22	040.00	Officer Director Key Emp Highest	$98,667	$20,000	$118,667
SCOTT N FIELD	PRESIDENT BEGINNING 6/1/23	040.00	Director Key Emp	$35,200	$0	$35,200
ELIZABETH FINK	DIRECTOR	001.00	Director	$6,948	$0	$6,948
MATTHEW ABE	DIRECTOR	001.00	Director	$0	$0	$0
JOHN AGEE	DIRECTOR	001.00	Director	$0	$0	$0
ELIZABETH CRYST	DIRECTOR	001.00	Director	$0	$0	$0
JOE DIPAOLO	DIRECTOR	001.00	Director	$0	$0	$0
KIMBA EVARISTE	DIRECTOR	001.00	Director	$0	$0	$0
LISI SANTOS FISHER	DIRECTOR	001.00	Director	$0	$0	$0
JEFF JERNIGAN	DIRECTOR	001.00	Director	$0	$0	$0
NAKO KELLUM	DIRECTOR	001.00	Director	$0	$0	$0
JAE LEW	DIRECTOR	001.00	Director	$0	$0	$0
JERRY KULAH	DIRECTOR	001.00	Director	$0	$0	$0
JESSICA LAGRONE	DIRECTOR	001.00	Director	$0	$0	$0
TOM LAMBRECHT	DIRECTOR	001.00	Director	$0	$0	$0
L FITZGERALD LOVETT	DIRECTOR	001.00	Director	$0	$0	$0
FORBES MATONGA	DIRECTOR	001.00	Director	$0	$0	$0
DEBRA BATY	DIRECTOR	001.00	Director	$0	$0	$0
JOY MOORE	DIRECTOR	001.00	Director	$0	$0	$0
SUZANNE NICHOLSON	DIRECTOR	001.00	Director	$0	$0	$0
JONATHAN RAZON	DIRECTOR	001.00	Director	$0	$0	$0
ROB RENFROE	DIRECTOR	001.00	Director	$0	$0	$0
CHRIS RITTER	DIRECTOR	001.00	Director	$0	$0	$0
THEODORE SMITH III	DIRECTOR	001.00	Director	$0	$0	$0
STEPHEN SPARKS	DIRECTOR	001.00	Director	$0	$0	$0
DAVID WATSON	DIRECTOR	001.00	Director	$0	$0	$0
CAROLYN MCORE	VICE CHAIR	001.00	Officer Director	$0	$0	$0
JAMES KAWADZA	DIRECTOR	001.00	Director	$0	$0	$0
KEITH MCILWAIN	DIRECTOR	001.00	Director	$0	$0	$0
ABSALOM NUHU	DIRECTOR	001.00	Director	$0	$0	$0
WILTON ODONGO	DIRECTOR	001.00	Director	$0	$0	$0
JEUNGHEE PREBLE	DIRECTOR	001.00	Director	$0	$0	$0
MANIRAKIZA GODELIEVE	DIRECTOR	001.00	Director	$0	$0	$0
VATROSLAV ZUPANCIC	DIRECTOR	001.00	Director	$0	$0	$0
CHRIS AKERS	PRESIDENT ENDING 6/24	040.00	Officer Director Key Emp	$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	No data	No data	No data	No data
2024	$693,765	$792,301	$232,140	$-98,536
2023	$1,152,251	$1,068,145	$406,943	$84,106
2022	$1,623,488	$2,432,458	$433,072	$-808,970
2021	$1,521,416	$913,633	$1,248,804	$607,783

WESLEYAN COVENANT ASSOCIATION