Covenant Health Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,180,005 | 8,872,684 | 307,321 | 54.6 | 65% |
| 2012 | 12,035,289 | 10,594,288 | 1,441,001 | 66.1 | 48% |
| 2013 | 14,506,842 | 10,168,404 | 4,338,438 | 77.5 | 28% |
| 2014 | 12,946,648 | 11,234,477 | 1,712,171 | 79.0 | 62% |
| 2015 | 13,076,288 | 12,055,454 | 1,020,834 | 98.4 | 64% |
| 2016 | 19,128,280 | 26,436,885 | −7,308,605 | 44.5 | 33% |
| 2017 | 15,846,739 | 17,541,653 | −1,694,914 | 71.6 | 67% |
| 2018 | 73,273,956 | 72,847,912 | 426,044 | 17.1 | 38% |
| 2019 | 73,480,164 | 71,923,258 | 1,556,906 | 18.2 | 42% |
| 2020 | 66,693,555 | 68,789,200 | −2,095,645 | 16.7 | 42% |
| 2021 | 73,583,328 | 72,373,910 | 1,209,418 | 17.1 | 43% |
| 2022 | 80,912,625 | 79,496,874 | 1,415,751 | 15.9 | 36% |
| 2023 | 78,489,788 | 74,210,597 | 4,279,191 | 17.4 | 24% |
In its most recent public year (2023), this organization brought in $4,279,191 more than it spent. Its reserves stood at about 17.4 months of spending, down from 54.6 in 2011. Staff pay was 24% of spending. $1,530,688 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Covenant Health Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works