Covenant Ministry of Hope

Nonprofit profile at a glance

EIN
263228477
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Winterville, NC, USA
Phone
2523550123
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support
Affiliation
Christianity

Reported finances

Revenue
$104,472
Expenses
$107,925
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • W GORDON DOUGLAS (BOARD MEMBER, PRESIDENT)

Highest reported compensation

  • AMANDA DANIELSON (BOARD MEMBER): $87,093 total reported compensation
  • KENNY JENKINS (BOARD MEMBER, SECRETARY): $79,593 total reported compensation
  • BOB WYNN (BOARD MEMBER, VICE PRESIDE): $29,320 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

None - since none specifically adopted by the governing body

What it reported doing in 2020

Congregational carecongregational care ministry provides information for the staff, prayer team, and congregation about births, deaths, and marriages. It tracks the care provided to the congregation for specific needs. It sends cards to people in those situations, as well as to people going through a life difficulty. The program members make hospital visits, home visits, and rehab center visits. It walks families through the death of a loved one and leads in providings either a funeral service or a memorial service. It provides resources for the grieving of an elderly person, as well as material for families grieving because of the loss of a child. It also provides meals to people who have expressed a need for them, as well as providing financial assistance through the compassion fund.

Operating model

Revenue model
Affiliate-supported. 100% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 92
  • Accountability: 49
  • Sustainability: 17
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.5%; rating input score 80
  • Program expense ratio: 77.9%; rating input score 78
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.1%; rating input score 57; 15th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -3.3%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 16.7%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: -10.6% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -9.3% per year; rating input score 0; 11th percentile among comparable filings
  • Asset growth: -14.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 80.5% of revenue deployed · 77.9% of spending went to programs
  • Governance: 4 of 7 board members independent · 3 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $84K in reported program spending
  • Leadership: top reported pay $87K · 7 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • 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.

  • Review — Accountability: Independent voting board scored 57/100.
  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.