Covenant Services Inc
Nonprofit profile at a glance
- EIN
- 631230962
- IRS 990 coverage
- 2016–2024
- Forms available
- Form 990 2024
- Location
- Anniston, AL, USA
- Phone
- 2563104618
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment
Reported finances
- Revenue
- $1,609,004
- Expenses
- $1,540,671
- Assets
- $231,353
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Highest reported compensation
- RODERICK HENDERSON (EXECUTIVE DI): $89,658 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Covenant service's inc. AIDS in the reunification of family members separated from their families due to circumstances such as state custody, temporary relative placement and foster care. Covenant service's inc. Teaches skills in parenting, money management, counseling, and job search in an effort to enpower families. Covenant service's inc. Provides drug screening to families, mentoring and behavior aid to children in foster care or have absent parents, and academic tutoring to children in need. In addition covenant service's inc. Helps with paying client's bills for rent, groceries, clothing, and to help clients obtain employment to provide for their families. Covenant services inc. Also provides transportation throughout the state of Alabama and surrounding states for family court dates, and therapeutic visitation with oarents and siblings.
What it reported doing in 2024
Expenses incurred with respect to program service efforts.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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 - 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 90
- Accountability: 63
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.8%; rating input score 96
- Program expense ratio: 100%; rating input score 100
- 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 4.2%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.15; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 5.8%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 3.5% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 3.6% per year; rating input score 100; 35th percentile among comparable filings
- Asset growth: 33.9% per year; rating input score 100; 92nd percentile among comparable filings
Details
- Where the money goes: 95.8% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 1 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.5M in reported program spending
- Leadership: top reported pay $90K · 5 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2016 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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: 6 of 7 not reported.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.