THE COVENANT ENDOWMENT FUND (EIN 861126662) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

BRIAN CULLATY

Phone

4342207301

Tax Period

2024-07-01 to 2025-06-30

THE COVENANT ENDOWMENT FUND, founded in 2005, is a micro nonprofit in the Education sector that reported $31K in total revenue in fiscal year 2018. Revenue fell 39% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $7K, a strong 21% operating margin.

Mission

TO RECEIVE CONTRIBUTIONS TO BE HELD AND INVESTED BY THE COVENANT ENDOWMENT FUND TO BE USED FOR PROGRAMS AT THE COVENANT SCHOOL, INC.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $35,270

Program Service Revenue $0

Investment Income $39,095

Other Revenue $0

TOTAL REVENUE $74,365

Expense Breakdown

Grants Paid $32,863

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,863

Other Expenses $312

TOTAL EXPENSES $33,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,365	$51,385	+0.4%
Expenses	$33,175	$30,458	+0.1%
Net Income	$41,190	$20,927	+1.0%

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

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
BRIAN CULLATY	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE LUCK	DIRECTOR	1.00	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	$74,365	$33,175	$682,253	$41,190
2024	$51,385	$30,458	$613,468	$20,927
2023	$29,445	$27,315	$556,783	$2,130
2022	$46,734	$31,955	$515,381	$14,779
2021	$71,575	$28,351	$599,554	$43,224
2020	$17,645	$28,349	$477,225	$-10,704
2019	$31,215	$24,615	$528,280	$6,600

THE COVENANT ENDOWMENT FUND