Covenant Network of Presbyterians (EIN 943356039) - 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

2000

Legal Domicile

Principal Officer

Brian Ellison

Phone

8166051031

Tax Period

2021-01-01 to 2021-12-31

Covenant Network of Presbyterians, founded in 2000, is a small nonprofit in the Religion sector that reported $129K in total revenue in fiscal year 2021. The organization ran a surplus of $22K, a strong 17% operating margin.

Mission

Confident in God's hopeful future and grateful for the Presbyterian Church (U.S.A.)'s ever-widening welcome, the Covenant Network of Presbyterians seeks an equity still not fully realized for LGBTQIA+ people in church and society, calling the church to bear a unified witness to generous hospitality and faithful justice.

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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 $128,742

Program Service Revenue $540

Investment Income $2

Other Revenue $0

TOTAL REVENUE $129,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,323

Fundraising Expenses $4,069

Program Expenses $64,151

Other Expenses $41,014

TOTAL EXPENSES $107,337

Year-over-Year Comparison

	2021	2020	Change
Revenue	$129,284	$122,248	+0.1%
Expenses	$107,337	$98,438	+0.1%
Net Income	$21,947	$23,810	-0.1%

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

100

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

$51,268

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Brian Ellison	Executive Director, Assistant Secretary-Treasurer	20	Officer	$45,775	$5,493	$51,268
Marci Auld Glass	Co-Moderator (Jan-Mar)	1	Officer Director	$0	$0	$0
Vince Patton	Co-Moderator (Jan-Mar)	1	Officer Director	$0	$0	$0
Jenny McDevitt	Secretary (Jan-Mar), Co-Moderator (Apr-Dec)	1	Officer Director	$0	$0	$0
Lucy Strong	Director (Jan-Mar), Co-Moderator (Apr-Dec)	1	Officer Director	$0	$0	$0
Keith Phillips	Secretary	1	Officer Director	$0	$0	$0
Chad Andrew Herring	Treasurer	1	Officer Director	$0	$0	$0
Douglas Chial	Director	1	Director	$0	$0	$0
Christopher Dahlke	Director	1	Director	$0	$0	$0
Sam Evans	Director	1	Director	$0	$0	$0
Lucy Forster-Smith	Director	1	Director	$0	$0	$0
Robert Galloway	Director	1	Director	$0	$0	$0
Matt Gaventa	Director	1	Director	$0	$0	$0
Alexandra Hendrickson	Director	1	Director	$0	$0	$0
Clifton Kirkpatrick	Director	1	Director	$0	$0	$0
Karla Koll	Director	1	Director	$0	$0	$0
Carol M McDonald	Director	1	Director	$0	$0	$0
Jay Summerville	Director	1	Director	$0	$0	$0
Susan Thornton	Director	1	Director	$0	$0	$0
Slats Toole	Director	1	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
2021	$129,284	$107,337	$101,154	$21,947
2020	$122,248	$98,438	$80,965	$23,810
2019	$109,066	$122,908	$55,010	$-13,842
2018	$105,915	$118,661	$72,918	$-12,746

Covenant Network of Presbyterians