COVENANT HEALTHSHARE INC (EIN 850663195) - 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

2020

Legal Domicile

Principal Officer

WAYNE MARTIN JR

Phone

8555391552

Tax Period

2023-01-01 to 2023-12-31

COVENANT HEALTHSHARE INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $741K, a strong 33% operating margin.

Mission

TO GLORIFY GOD THROUGH THE FACILITATION OF SHARING MEMBERS' MEDICAL NEEDS, PROVIDE SUPPORT AND PRAYER IN MEMBERS' TIME OF BURDEN, PREACH AND EMPOWER THE WORD OF GOD, AND ENCOURAGE A HEALTHY LIFESTYLE FOR CHRIST.

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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 $2,250,260

Investment Income $6

Other Revenue $0

TOTAL REVENUE $2,250,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $28,054

Fundraising Expenses $0

Program Expenses $1,430,265

Other Expenses $1,480,901

TOTAL EXPENSES $1,508,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,250,266	$2,374,129	-0.1%
Expenses	$1,508,955	$2,488,527	-0.4%
Net Income	$741,311	$-114,398	-7.5%

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

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
WAYNE MARTIN JR	DIRECTOR, PRESIDENT & CEO	2.00	Officer Director	$0	$0	$0
BISHOP ARTHUR MOSLEY	DIRECTOR, BOARD CHAIRMAN &	2.00	Officer Director	$0	$0	$0
BERNARD TOKARZ	DIRECTOR, TREASURER & CFO	2.00	Officer Director	$0	$0	$0
CHRISTA FREEMAN	BOARD DIRECTOR	2.00	Director	$0	$0	$0
DR ROOSEVELT ALLEN	BOARD DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$2,250,266	$1,508,955	$867,232	$741,311
2022	$2,374,129	$2,488,527	$125,921	$-114,398
2021	$2,861,701	$2,824,610	$240,319	$37,091
2020	$578,358	$375,130	$203,228	$203,228

COVENANT HEALTHSHARE INC