Covenant Academies Foundation
Muskegon, Michigan
B-Health Score
49B-
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Average
💰
$1.1M
Total Revenue
📊
$788K
Total Expenses
🏦
$2.2M
Net Assets
📋
$963K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-2.3%
Year-over-year change (2022 → 2023)
Net Margin
+30.2%
Revenue minus expenses as % of revenue
Working Capital Ratio
2.78
Net assets divided by total expenses
Liabilities-to-Assets
30.6%
Total liabilities as % of total assets
Filing History
8 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,128,682↓2% | $788,314↓8% | $3,152,315↑11% | — |
| 2022 | $1,154,910↓14% | $861,046↓6% | $2,847,877↑2% | — |
| 2021 | $1,341,997↑5% | $918,864↓20% | $2,790,053↑14% | — |
| 2020 | $1,281,862↑12% | $1,152,906↓4% | $2,452,444↓6% | — |
| 2019 | $1,148,868↑6% | $1,197,703↑86% | $2,607,722↑3% | — |
| 2018 | $1,086,428↑21% | $642,571↑126% | $2,527,261↑72% | — |
| 2017 | $896,417 | $283,956↑2021% | $1,465,852↑3904% | — |
| 2016 | $0 | $13,390 | $36,610 | — |
Frequently Asked Questions
What does Covenant Academies Foundation do?▼
Covenant Academies Foundation is a youth development nonprofit organization based in Michigan. It is classified under NTEE code O50 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Academies Foundation financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Covenant Academies Foundation.
How much revenue does Covenant Academies Foundation generate?▼
Covenant Academies Foundation reports $1.4M in annual revenue and holds $3.5M in total assets, based on IRS filings.
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