Covenant Health System
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 546,892,016 | 519,567,802 | 27,324,214 | 8.7 | 28% |
| 2012 | 570,190,305 | 521,976,475 | 48,213,830 | 9.5 | 28% |
| 2013 | 552,925,902 | 517,177,465 | 35,748,437 | 10.6 | 29% |
| 2014 | 570,446,474 | 508,376,238 | 62,070,236 | 11.6 | 29% |
| 2015 | 703,010,738 | 626,714,751 | 76,295,987 | 10.0 | 25% |
| 2016 | 717,681,259 | 650,258,291 | 67,422,968 | 11.4 | 23% |
| 2017 | 726,402,555 | 665,583,757 | 60,818,798 | 10.8 | 23% |
| 2018 | 696,149,527 | 686,425,076 | 9,724,451 | 8.1 | 25% |
| 2019 | 89,452,397 | 85,386,826 | 4,065,571 | -6.8 | 34% |
| 2020 | 94,073,918 | 85,973,403 | 8,100,515 | 19.3 | 33% |
| 2021 | 106,469,001 | 98,316,333 | 8,152,668 | 18.3 | 21% |
| 2022 | 124,698,924 | 115,856,089 | 8,842,835 | -10.4 | 25% |
| 2023 | 101,706,790 | 93,736,511 | 7,970,279 | -17.7 | 28% |
In its most recent public year (2023), this organization brought in $7,970,279 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-17.7 months), down from 8.7 in 2011. Staff pay was 28% of spending.
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 System'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