COVENANT CHRISTIAN ACADEMY (EIN 992428442) - 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

2024

Legal Domicile

Principal Officer

CAROL KUHN

Phone

7633882227

Tax Period

2024-07-01 to 2025-06-30

COVENANT CHRISTIAN ACADEMY, founded in 2024, is a small nonprofit in the Education sector that reported $201K in total revenue in fiscal year 2024. Expenses of $296K exceeded revenue, resulting in a 47% operating deficit.

Mission

OUR MISSION AT COVENANT CHRISTIAN ACADEMY IS TO PROVIDE EXCEPTIONAL CLASSICAL CHRISTIAN EDUCATION IN PARTNERSHIP WITH PARENTS TO BUILD FOUNDATIONS FOR LIFELONG LEARNERS AND DEVOTED FOLLOWERS OF JESUS.

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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 $200,000

Program Service Revenue $928

Investment Income $11

Other Revenue $0

TOTAL REVENUE $200,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,071

Other Expenses $296,086

TOTAL EXPENSES $296,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,939	N/A	N/A
Expenses	$296,086	N/A	N/A
Net Income	$-95,147	$0	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS CARLSON	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
TAYLOR CARLSON SCHROER	TREASURER	1.00	Officer Director	$0	$0	$0
DEBBIE CARLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
KARLY HALL	EXECUTIVE DIRECTOR	1.00	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
2025	$200,939	$296,086	$3,523,523	$-95,147

COVENANT CHRISTIAN ACADEMY