GENESIS COVERING MINISTRIES (EIN 822155875) - 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

2018

Legal Domicile

Principal Officer

GF WATKINS

Phone

2819322901

Tax Period

2023-01-01 to 2023-12-31

GENESIS COVERING MINISTRIES, founded in 2018, is a small nonprofit in the Religion sector that reported $550K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 24% operating margin.

Mission

TO PROMOTE THE CHRISTIAN RELIGION BY ANY FORM OF EXPRESSION. WITHIN ANY AVAILABLE MEDIUM,AND IN ANYLOCATION, THROUGH GENESIS' COMBINED OR SEPARATE FORMATION OF CHURCH, MINISTRY, CHARITY, SCHOOL, OR ELEEMOSYNARY INSTITUTION, WITHOUT LIMITATION.

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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 $0

Program Service Revenue $550,361

Investment Income $96

Other Revenue $0

TOTAL REVENUE $550,457

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,912

Fundraising Expenses $0

Program Expenses $420,814

Other Expenses $234,902

TOTAL EXPENSES $420,814

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,457	$453,862	+0.2%
Expenses	$420,814	$350,097	+0.2%
Net Income	$129,643	$103,765	+0.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK MANZANO III	DIRECTOR	0.00	Director	$0	$0	$0
LESLIE PARKER	DIRECTOR	0.00	Director	$0	$0	$0
GF WATKINS	PRESIDENT	40.00	Officer	$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	$550,457	$420,814	$495,044	$129,643
2022	$453,862	$350,097	$365,401	$103,765
2021	$497,942	$347,333	$261,636	$150,609
2020	$348,492	$318,816	$131,827	$29,676
2019	$241,007	$191,072	$81,351	$49,935

GENESIS COVERING MINISTRIES