Covenant Life Ministries

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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

2004

Legal Domicile

Principal Officer

C Frank Harvey

Phone

8286279000

Tax Period

2025-01-01 to 2025-12-31

Covenant Life Ministries, founded in 2004, is a small nonprofit in the Religion sector that reported $194K in total revenue in fiscal year 2025. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $34K, a strong 17% operating margin.

Mission

Sharing the Good News of Jesus Christ to a lost and dying world.

Program Service Accomplishments

Program 1

Expenses: $160,382 Revenue: $194,284

All of the organizations expenditures listed on Page 1 were incurred in accorance wih the purpose of the organization, that is, spreading the Good News of Jesus Christ to a lost and dying world.

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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 (2025)

Revenue Breakdown

Contributions & Grants $170,055

Program Service Revenue $0

Investment Income $24,229

Other Revenue $0

TOTAL REVENUE $194,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,700

Fundraising Expenses $0

Program Expenses $160,382

Other Expenses $125,682

TOTAL EXPENSES $160,382

Year-over-Year Comparison

	2025	2024	Change
Revenue	$194,284	$122,743	+0.6%
Expenses	$160,382	N/A	N/A
Net Income	$33,902	$122,743	-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

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

$34,700

Total Directors

$34,700

Key Employees

$34,700

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Frank Harvey	President	040.00	Officer Director Key Emp Highest	$34,700	$0	$34,700
Karen Morgan	Trustee	003.00	Director	$0	$0	$0
Michael Abbot	Trustee	003.00	Director	$0	$0	$0
Brian Cagle	Trustee	003.00	Director	$0	$0	$0
Mrs Shirley Harvey	Trustee	020.00	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
2025	$194,284	$160,382	$147,437	$33,902

Financial Vulnerability Assessment (Tuckman-Chang)

Financial Trends

Organization Details

Mission

Program Service Accomplishments

Trantor Score

Financial Overview (2025)

Revenue Breakdown

Expense Breakdown

Year-over-Year Comparison

Financial Health Indicators

Governance

Governance Policies

Special Practices & Reported Activities

Compensation of Officers, Directors & Key Employees

Historical Data

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