Covenant Medical Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 245,405,306 | 235,946,310 | 9,458,996 | 7.2 | 45% |
| 2012 | 269,544,890 | 254,373,102 | 15,171,788 | 7.8 | 44% |
| 2013 | 274,018,759 | 260,447,880 | 13,570,879 | 8.6 | 44% |
| 2014 | 286,883,108 | 267,002,929 | 19,880,179 | 9.5 | 44% |
| 2015 | 291,361,688 | 271,164,288 | 20,197,400 | 10.2 | 45% |
| 2016 | 294,847,040 | 292,517,793 | 2,329,247 | 6.0 | 44% |
| 2017 | 291,669,450 | 292,252,228 | −582,778 | 5.6 | 45% |
| 2018 | 297,895,870 | 311,939,119 | −14,043,249 | 5.4 | 42% |
| 2019 | 306,203,478 | 301,569,303 | 4,634,175 | 5.8 | 43% |
| 2020 | 309,717,984 | 298,323,347 | 11,394,637 | 6.6 | 43% |
| 2021 | 320,935,164 | 307,341,404 | 13,593,760 | 6.7 | 45% |
| 2022 | 319,111,884 | 335,364,281 | −16,252,397 | 5.3 | 44% |
| 2023 | 328,841,980 | 335,820,032 | −6,978,052 | 5.4 | 44% |
In its most recent public year (2023), this organization spent $6,978,052 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 7.2 in 2011. Staff pay was 44% of spending. $384,367 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 Medical Center 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