Covenant Medical Center
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2019 | 479,585,591 | 507,493,641 | −27,908,050 | 11.0 | 27% |
| 2020 | 442,666,593 | 511,172,209 | −68,505,616 | 9.6 | 26% |
| 2021 | 506,116,390 | 528,663,327 | −22,546,937 | 8.1 | 25% |
| 2022 | 444,874,695 | 511,338,777 | −66,464,082 | 9.3 | 25% |
| 2023 | 510,146,282 | 578,474,728 | −68,328,446 | 5.4 | 24% |
In its most recent public year (2023), this organization spent $68,328,446 more than it brought in. Its reserves stood at about 5.4 months of spending, down from 11 in 2019. Staff pay was 24% of spending. $225 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'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