Covenant Life Assembly, Inc.
How we got $1.4M
Based on its 14 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Covenant Life is a church fellowship in Moore, OK that meets Sundays to worship and takes part in each other's joy and sadness, with smaller groups meeting through the week.
From the company's website. Industry: Churches & nonprofits.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| COVENANT LIFE ASSEMBLY, INC. this business | $1.4M | — |
| THE FIRST UNITED METHODIST CHURCH OF MOORE, OKLAHOMA Moore · 12 employees | $1.9M | 0.1 mi |
| GENESIS CHURCH INC Moore · 5 employees | $623K | 0.5 mi |
| FRESH START COMMUNITY CHURCH, INC. Moore · 7 employees | $835K | 0.7 mi |
| FIRST CHRISTIAN CHURCH (DISCIPLES OF CHRIST) OF MOORE, OKLAH Moore · 5 employees | $647K | 1.0 mi |
| REVIVAL FOR CHRIST CLUB INC Moore · 13 employees | $515K | 1.2 mi |
| PENN AVENUE REDEMPTION UNITED METHODIST Oklahoma City · 5 employees | $1.1M | 1.3 mi |
The full calculation
| Employees reported to the SBA | 14 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.6M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $1.9M |
| Estimate: the two combined (geometric mean) | $1.4M |
| EBITDA margin (industry, adjusted for size) | 33% |
| EBITDA = revenue × margin | $473K |
Calibrated: revenue lowered to 57% of the industry-average estimate, to match what businesses in this industry actually report.
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Revenue range | $950K – $1.6M |
| EBITDA range | $311K – $539K |
| Industry (NAICS) | Religious, Grantmaking, Civic, Professional, and Similar Organizations (813110) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Leadership
- JMJaycene MorganPastor · Company website · source
- WHWhitney HatcherStudent ministries · Company website · source
- JMJANA McCALIPKid's Ministry · Company website · source
- AZAngel ZimmermanWorship Pastor · Company website · source
- JPJosh ParrisTech/Media · Company website · source
Advisors
- BankingAssemblies of God CUPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Assemblies of God CU PPP 2020, PPP 2021 | All 8 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/7/2020 | first | $47K | 12 |
| 1/27/2021 | second | $47K | 14 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Covenant Life Assembly, Inc.
Covenant Life Assembly, Inc. is a churches & nonprofits company in Moore, Oklahoma, in business since 1999. Its estimated annual revenue is about $1.4M, with roughly $473K of EBITDA. It has about 14 employees.
Common questions
- Who owns Covenant Life Assembly, Inc.?
- The owner of Covenant Life Assembly, Inc. isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does Covenant Life Assembly, Inc. make?
- SeeBITDA estimates Covenant Life Assembly, Inc.'s annual revenue at about $1.4M (likely between $950K and $1.6M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- How many employees does Covenant Life Assembly, Inc. have?
- About 14, as reported on its PPP loan.
- When was Covenant Life Assembly, Inc. founded?
- Covenant Life Assembly, Inc. has been in business since 1999.