Covenant Ministries of Benevolence

Nonprofit profile at a glance

EIN
363486813
IRS 990 coverage
2012–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Chicago, IL, USA
Phone
7739891610
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$13,658,596
Expenses
$4,196,264
Assets
$66,359,897
Liabilities
$3,811,018

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • TODD SLETCHA (EX-OFFICIO/PRESIDENT OF CMB & CIC)
  • DANA NORTON (CAMPUS EXECUTIVE DIRECTOR)
  • DAVID BOGGS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • LINDA STUHMER (ASSISTANT SECRETARY, SVP AND GENERAL COUNSEL): $478,952 total reported compensation
  • TODD SLETCHA (EX-OFFICIO/PRESIDENT OF CMB & CIC): $391,690 total reported compensation
  • SCOTT HANSON (SVP OF FINANCE/ASSISTANT TREASURER): $265,499 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to express the life giving and sustaining ministry of jesus christ through the development, advancement and governance of mission driven organizations serving people who are sick, disabled, aging, poor or vulnerable.

What it reported doing in 2024

Covenant ministries of benevolence (cmb) provides administrative management services for several affiliates which fall under the IRS guidelines as non-profit organizations, exempt under section 501(c)(3). The services provided to these organizations assists them in carrying out their missions or exempt functions. The affiliates for which covenant ministries of benevolence provides these services include the following organizations: - emc health, inc. Fein 94-2281314; - covenant initiatives for care, inc. Fein 27-1841721; - covenant enabling residences of Illinois fein 36-3731196; - covenant enabling residences of Michigan, inc. Fein 38-3495889; - covenant enabling residences of Minnesota fein 41-1879965; - covenant enabling residences of Florida, inc. Fein 59-3399402; - adelbrook, inc. Fein 06-0646920; - covenant children's home and family services fein 36-2167043; - covenant living communities, inc. Fein 36-3478388 and its affiliates: - covenant living of golden valley, inc. Fein 41-0841150; - covenant living of Florida, inc. Fein 52-1115870; - covenant home Illinois fein 36-2643638; - covenant healthcare centers fein 52-1115873; - covenant living at the holmstad fein 36-2835154; - covenant home of chicago fein 36-3095932; - covenant living of cromwell, inc. Fein 13-1740015; - covenant living west fein 95-3472345; - covenant living of Colorado, inc. Fein 84-1084331; - covenant living of the great lakes fein 38-3244636; - covenant living at windsor park fein 36-3385581; - covenant living services fein 27-2480652; - covenant living of geneva fein 84-3227613; - tulsa hills community, inc. Fein 84-2854729; - three crowns park fein: 36-2030089; - three crowns foundation fein: 20-1060468; - covenant living of keene fein: 87-3525712; - covenant living at shannondale fein: 62-0698709 - mission care communities, inc. Fein: 33-3595861

Operating model

Revenue model
Other-operating. 74% of the money available for current operations came from other operating revenue.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 58
  • Transparency & Controls: 64
  • Accountability: 81
  • Sustainability: 83
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.1%; rating input score 65
  • Program expense ratio: 65.6%; rating input score 66
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 35.1%; rating input score 35; 10th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 69.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 15.81; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 81; 81st percentile among comparable filings
  • Officer compensation ratio: 36.2%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -9.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -5.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 10.2% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 65.1% of revenue deployed · 65.6% of spending went to programs
  • Governance: 15 of 18 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.8M in reported program spending
  • Leadership: top reported pay $479K · 27 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 40 filed related-organization links
  • 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Transparency & Controls: Grant itemization coverage scored 35/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.