Covenant Church World Ministries Inc

Nonprofit profile at a glance

EIN
471798799
IRS 990 coverage
2015–2016
Forms available
Form 990 2016, Form 990-N 2014
Location
Orlando, FL, USA
Phone
4072760892
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Protestant
Affiliation
Christianity

Official website

Reported finances

Revenue
$141,180
Expenses
$96,346
Assets
$7,705
Liabilities
$25,000

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

1 person listed

Executive titles in this filing

  • IRINA KRALENKO (PRESIDENT)

Highest reported compensation

  • IRINA KRALENKO (PRESIDENT): $2,900 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Establishing god's kingdom on earth by preaching the gospel of jesus christ that is the power of god into salvation

What it reported doing in 2016

2016 was a year of tremendous victories and unheard of favor from god in siberia and ukraine. It was a year of great relationships built, powerful evangelism and transformational events. Nationwide conferences, pastoral schools, prophetic schools, evangelism boot comps, tent meetings! Such events motivated and equipped several families to enter the mission field as long-term missionaries to other nations! There were countless numbers of overwhelming testimonies from five different short-term and long-term missionary trips and tent meetings throughout the region, various missionaries who were led by the spirit of god to these beautiful nations ministered to hundreds of refugees and thousands of orphans. Because of gener5osity of the sponsors we had the resources to restore the living arrangements of orphaned children by providing furniture and appliances medicine, clothing, food and christmas gifts; completing multiple urgently needed repairs like entrance doors, windows, floors at the local orphanages. And of course, we are grateful for an ongoing house of hope project that has has now entered the final stages of completion. We were able to install the heating system, pavement, roofing, fence and gates and furnish the rooms. Today, we are pleased to host in it, 12 missionaries, 5 families, 15 orphans and 7 men who are being set free from addictions through tent revival meetings and numerous outreaches, the lord has saved thousands of souls and worked miraculous healings. Only by his grace two humanitarian relief containers were received and distributed to those in need.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 80
  • Accountability: 0
  • Sustainability: 48
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64.4%; rating input score 64
  • Program expense ratio: 94.3%; rating input score 94
  • Fundraising efficiency: $108.52 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: Limited
  • Governance controls: 0 of 8 controls in place; rating input score 0
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 31.8%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 3.24; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 3%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: -102% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -31.4% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 64.4% of revenue deployed · 94.3% of spending went to programs
  • Governance: 0 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $96K in reported program spending
  • Leadership: top reported pay $3K · 1 people listed
  • Consistency: 21 of 24 current checks pass · 3 findings to review
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 7 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • Moderate — Transparency & Controls: Part IX Advertising column sum did not reconcile in the filed values.
  • Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.