COVERED IN FAITH MINISTRIES (EIN 900635302) - 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

2010

Legal Domicile

Tax Period

2021-01-01 to 2021-12-31

COVERED IN FAITH MINISTRIES, founded in 2010, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2021. Revenue surged 165% from the prior year, signaling strong growth momentum. Expenses of $979K left a modest 3% surplus.

Mission

COVERED IN FAITH MINISTRIES IS AN OUTREACH MINISTRY THAT SERVES THE GENERAL PUBLIC. THE ORGANIZATION PROVIDES VARIOUS SERVICES SUCH AS SPIRITUAL GUIDANCE, FOOD,CLOTHING AND BACK TO SCHOOL ITEMS TO LOW INCOME FAMILIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $1,009,480

Program Service Revenue $0

Investment Income $168

Other Revenue $0

TOTAL REVENUE $1,009,648

Expense Breakdown

Grants Paid $278,631

Salaries & Benefits $652,680

Fundraising Expenses $0

Program Expenses $978,826

Other Expenses $47,515

TOTAL EXPENSES $978,826

Year-over-Year Comparison

	2021	2020	Change
Revenue	$1,009,648	$380,817	+1.7%
Expenses	$978,826	$373,951	+1.6%
Net Income	$30,822	$6,866	+3.5%

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

N/A

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

$437,700

Total Directors

$183,100

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNTHIA OLIVER	PRESIDENT	80.00	Officer Director	$183,100	$0	$183,100
KELLY OLIVER	VICE PRESIDENT	80.00	Officer	$167,800	$0	$167,800
DEBRA HEARD	SECRETARY	60.00	Officer	$86,800	$0	$86,800

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
2021	$1,009,648	$978,826	$37,688	$30,822

COVERED IN FAITH MINISTRIES