Covenant Health System Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 4,839,545 | 3,955,498 | 884,047 | 73.8 | 8% |
| 2012 | 5,225,142 | 4,408,291 | 816,851 | 72.3 | 9% |
| 2013 | 8,472,726 | 6,982,186 | 1,490,540 | 50.3 | 7% |
| 2014 | 6,352,047 | 4,709,356 | 1,642,691 | 91.1 | 12% |
| 2015 | 12,282,659 | 6,156,339 | 6,126,320 | 83.4 | 6% |
| 2016 | 7,080,641 | 10,523,268 | −3,442,627 | 49.6 | 4% |
| 2017 | 6,242,503 | 6,581,197 | −338,694 | 78.4 | 7% |
| 2018 | 8,260,158 | 6,710,374 | 1,549,784 | 82.4 | 10% |
| 2019 | 10,842,025 | 11,606,106 | −764,081 | 55.4 | 9% |
| 2020 | 7,534,425 | 8,237,406 | −702,981 | 77.2 | 16% |
| 2021 | 11,499,437 | 12,467,520 | −968,083 | 51.3 | 11% |
| 2022 | 11,537,118 | 7,152,443 | 4,384,675 | 92.7 | 8% |
| 2023 | 5,844,452 | 11,093,856 | −5,249,404 | 57.9 | 11% |
In its most recent public year (2023), this organization spent $5,249,404 more than it brought in. Its reserves stood at about 57.9 months of spending, down from 73.8 in 2011. Staff pay was 11% of spending. $47,288,274 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 System Foundation'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