NEW COVENANT ACADEMY INC (EIN 882586101) - 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

2022

Legal Domicile

Principal Officer

LUTHER WHITFIELD

Phone

2604410001

Tax Period

2024-01-01 to 2024-12-31

NEW COVENANT ACADEMY INC, founded in 2022, is a small nonprofit in the Human Services sector that reported $496K in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $118K, a strong 24% operating margin.

Mission

TO PROVIDE QUALITY EARLY LEARNING DEVELOPMENT AND CHILDCARE WHILE NURTURING POSITIVE CHILDHOOD EXPERIENCES FOR BETTER FAMILY OPPORTUNITIES TO STRENGTHEN OUR COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $182,209

Program Service Revenue $313,776

Investment Income $3

Other Revenue $0

TOTAL REVENUE $495,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,911

Fundraising Expenses $0

Program Expenses $339,054

Other Expenses $108,804

TOTAL EXPENSES $377,715

Year-over-Year Comparison

	2024	2023	Change
Revenue	$495,988	$355,656	+0.4%
Expenses	$377,715	$289,903	+0.3%
Net Income	$118,273	$65,753	+0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NECO BEASLEY	MEMBER	0.50	Director	$0	$0	$0
TAMALA GUYTON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CLIFF LATHAM	MEMBER	0.50	Director	$0	$0	$0
LUTHER WHITFIELD	HEADMASTER	0.50	Officer Director	$0	$0	$0
RENATA WHITFIELD	MEMBER	0.50	Director	$0	$0	$0
CARRIE WISEHART	BOARD CHAIR	0.50	Officer 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	$495,988	$377,715	$153,109	$118,273
2023	$355,656	$289,903	$34,836	$65,753

NEW COVENANT ACADEMY INC