COVENANT FOR LIFE CHILD DEVELOPMENT (EIN 943457461) - 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

2005

Legal Domicile

Phone

3146301261

Tax Period

2023-01-01 to 2023-12-31

COVENANT FOR LIFE CHILD DEVELOPMENT, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE CHILD CARE IN A LOW TO MODERATE INCOME NEIGHBORHOOD WHICH PROV

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,621,497

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,621,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $760,213

Fundraising Expenses $0

Other Expenses $1,103,941

TOTAL EXPENSES $1,864,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,621,497	N/A	N/A
Expenses	$1,864,154	$2,527,349	-0.3%
Net Income	$-242,657	$-2,527,349	-0.9%

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

N/A

Independent Members

N/A

Employees

Volunteers

N/A

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

$233,036

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY TRICE	DIRECTOR	N/A	Director	$110,500	$0	$110,500
RAMONA TRICE	DIRECTOR	N/A	Director	$122,536	$0	$122,536
KARMEN TRICE	TRUSTEE	N/A	Director	$0	$0	$0
TROY TRICE	TRUSTEE	N/A	Director	$0	$0	$0
FLORIDA RHODES	TRSUTEE	N/A	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	No data	No data	No data	No data
2023	$1,621,497	$1,864,154	No data	$-242,657
2022	$1,303,702	$1,223,647	No data	$80,055
2021	$284,803	$314,394	No data	$-29,591
2020	$1,008,148	$843,346	$164,802	$164,802
2019	$1,080,302	$974,463	$105,838	$105,839
2018	$961,669	$839,570	$125,000	$122,099

COVENANT FOR LIFE CHILD DEVELOPMENT