Covenant Renewal Ministries Inc

Nonprofit profile at a glance

EIN
860791423
IRS 990-EZ coverage
2010–2024
Forms available
Form 990-EZ 2024
Location
Phoenix, AZ, USA
Phone
6234444535
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Religious Media, Communications
Affiliation
Christianity

Reported finances

Revenue
$101,005
Expenses
$106,274
Assets
$53,000
Liabilities
$8,932

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

Leadership & pay

4 people listed

People named in this filing

  • DR STEVEN R RUTT (PRES/DIRECTO)
  • SUSANNAH T RUTT (VP/DIRECTOR)
  • BILL O'BRIEN (SEC/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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary purpose for the existence of covenant renewal ministries, incorporated is to serve churches, organizations and individuals through facilitating methods of religious education and biblically oriented teaching seminars.

What it reported doing in 2024

USA ministry: provide seminars for churches and organizations, with time spent counseling young people with drug additions and other problems. In addition, covenant renewal works closely with local churches and provides lectures at various locations. Covenant renewal ministries sponsored dr. Rutt to spend most of his time teaching/lecturing at Arizona christian university. Dr. Rutt continues to serve as associate professor of biblical studies at Arizona christian university. His teaching responsibilities at the university enables him to also voluntarily serve the diocese of mid- america (reformed episcopal church/anglican church of north america) by training their seminary students as they prepare for pastoral and missionary vocations. In 2024, dr. Rutt travled to various speaking engagements and lecture formats within the USA. In addition, dr. Rutt conducted teacher training for a school in norhtern California.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 100
  • Sustainability: 26
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.7%; rating input score 81
  • Program expense ratio: 76.7%; rating input score 77

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -5.2%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.5; rating input score 38; 38th percentile among comparable filings
  • Liabilities to assets ratio: 0.17; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 22.6%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 2.2% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 1.3% per year; rating input score 100; 27th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 45th percentile among comparable filings

Details

  • Where the money goes: 80.7% of revenue deployed · 76.7% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $82K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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 — Sustainability: Operating margin scored 22/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 38/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.