L โ€” Housing & ShelterEIN: 272480652ยท Ruling Year: 2024

Covenant Living Services

Skokie, Illinois

BHealth Score
62B

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Above Average

๐Ÿ’ฐ
$1.4M
Total Revenue
๐Ÿ“Š
$1.1M
Total Expenses
๐Ÿฆ
$818K
Net Assets
๐Ÿ“‹
$3.3M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-45.0%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+19.1%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.72
Net assets divided by total expenses
Liabilities-to-Assets
79.9%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$1,405,472โ†“45%$1,136,563โ†“10%$4,078,144โ†“12%
2022$2,556,667โ†‘97%$1,257,129โ†‘31%$4,631,934โ†‘11%
2021$1,299,475โ†“1%$962,478โ†‘5%$4,167,625โ†“3%
2020$1,314,155โ†“22%$918,754โ†“35%$4,285,934โ†“3%
2019$1,687,913โ†‘5%$1,415,535โ†“40%$4,400,646โ†“57%
2019$1,609,571โ†‘33%$2,370,209โ†‘68%$10,258,390โ†“8%
2018$1,213,806โ†“38%$1,409,157โ†“32%$11,110,919โ†“2%
2017$1,963,772โ†“34%$2,077,265โ†“30%$11,306,467โ†“3%
2016$2,978,516โ†“32%$2,957,004โ†“34%$11,639,210โ†“4%
2015$4,358,972โ†‘11%$4,470,476โ†“6%$12,163,196โ†“7%
2014$3,940,428โ†‘21%$4,765,425โ†“3%$13,094,230โ†“2%
2013$3,243,883โ†‘35%$4,889,912โ†‘27%$13,324,387โ†“11%
2012$2,404,197$3,842,448$14,966,780

Frequently Asked Questions

What does Covenant Living Services do?โ–ผ

Covenant Living Services is a housing & shelter nonprofit organization based in Illinois. It is classified under NTEE code L22 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Covenant Living Services financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Covenant Living Services has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Covenant Living Services generate?โ–ผ

Covenant Living Services reports $2.0M in annual revenue and holds $4.2M in total assets, based on IRS filings.

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Covenant Living Services โ€” Skokie, IL | GiveScope