Covenant Network of Presbyterians

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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 ever-widening welcome of the Presbyterian Church (U.S.A.), the Covenant Network of Presbyterians seeks an equity still not fully realized for LGBTQIA+ people in church and society, by: (1) Engaging the church to invite all of God's children into safe and welcoming congregational spaces of affirmation, healing, dignity and purpose; (2) Educating the church to expand our welcome of LGBTQIA+ people, to affirm their gifts for ordained office, and to uphold marriage equality for all; and (3) Equipping the church to bear witness to justice through advocacy and activism at the international, national and local church levels; speaking a prophetic word in anxious and divided times; and standing with others in fighting hate and oppression against any of God's children. The Covenant Network of Presbyterians calls the church to bear a unified witness to generous hospitality and faithful justice.

Program Service Accomplishments

Program 1

Expenses: $64,151 Revenue: $540

In partnership with our nearly 400 member congregations, the Covenant Network of Presbyterians emerged from the pandemic with renewed focus on engaging, equipping and educating the congregations and councils of the Presbyterian Church (U.S.A.) for the full inclusion and affirmation of LGBTQIA+ persons. We sponsored a hybrid in-person/online Covenant Conversation with more than 85 participants, developed video resources used in hundreds of congregations, and began work on new video and print resources to benefit candidates and churches in the call process. We significantly increased our engagement with the Presbyterian Mission Agency and took steps to secure the organization's long-term financial future and increase the diversity of our board.

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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