Covenant Keepers Inc

Nonprofit profile at a glance

EIN
731297526
IRS 990-EZ coverage
2013–2018
Forms available
Form 990 2012, Form 990-EZ 2018
Location
Mount Holly, NC, USA
Phone
7042488777
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Family Counseling

Official website

Reported finances

Revenue
$111,548
Expenses
$110,183
Assets
$34,842
Liabilities
$980

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Rex Johnson (President)
  • Claudia Bessmer (Vice President)

People named in this filing

  • Rex Johnson (President)
  • Carolyn Johnson (Secretary)
  • Starr Lichty (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Minister to broken marriages

What it reported doing in 2018

Covenant Keepers utilizes a data base of over 3000 contacts to deliver articles of encouragement and teachings related to spiritual healing and marital restoration and healing for people who want their marriages restored or who support the biblical view of covenant marriage. Covenant Keepers uses a combination of physical meeting groups and video conference meeting groups to teach both curriculum and approved teachings on topics of marriage relationships, marriage healing and family relationships. In 2018 there were over 600 meetings total with attendance of approximately 4600. Covenant Keepers Inc. held its 32nd annual "Families Are Forever" Conference in Charlotte, NC. In addition to the annual conference there were six regional meetings in the USA with an average attendance of 25 - 30. There are also conferences held in other countries where there are affiliated groups.

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 90% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 100
  • Sustainability: 34
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 90.9%; rating input score 91

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 1.2%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -14.8% per year; rating input score 0; 11th percentile among comparable filings
  • Revenue growth: -10.4% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -19.1% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 90.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $100K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2013 to 2018
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.