Covenant Health
Covenant Health reported $77.5 million in revenue and $76.7 million in expenses for calendar year 2024. Of every $100 it spent, $88.00 went to program services, $12.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 99.8% of the total. The highest compensation it reported for one person was $1,276,101 (President & CEO). 56 people received more than $100,000 in reportable compensation. Revenue rose 5% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $77MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $78MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 88.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 12.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.1% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 99.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $1,276,101 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.66% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 56 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 22.3 | 6.6 |
| Independent voting board members Part VI 1a–1b | 12 of 13 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseSponsoring and operating a Catholic health care system consisting of hospitals, nursing homes, assisted living residences, and other health and elder services, as well as furthering the delivery of health and human services consistent with the teachings and law of the Roman Catholic Church
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President & CEO Director/trustee, officer, 40.00 hrs/week | $1,235,937 | $0 | $40,164 | $1,276,101 |
| SVP and Chief Financial Officer Officer, 40.00 hrs/week | $817,738 | $0 | $36,123 | $853,861 |
| SVP General Counsel Key employee, 40.00 hrs/week | $814,976 | $0 | $32,662 | $847,638 |
| SVP and Chief Medical Officer Key employee, 40.00 hrs/week | $636,913 | $0 | $40,247 | $677,160 |
| SVP & President SJH Bangor Highest compensated employee, 0.00 hrs/week | $536,374 | $0 | $39,574 | $575,948 |
| SVP & President SJH Nashua Highest compensated employee, 0.00 hrs/week | $476,176 | $0 | $39,798 | $515,974 |
| SVP Integrated Medical Group Key employee, 40.00 hrs/week | $430,394 | $0 | $32,596 | $462,990 |
| System VP & Chief Med Info Officer Key employee, 40.00 hrs/week | $371,996 | $0 | $44,380 | $416,376 |
56 people received more than $100,000 in reportable compensation from Covenant Health (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.9M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 12 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 5163
- Volunteers Part I, line 616
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Ensemble RCM LLC Management and consulting services | $45,084,383 |
| Premier Healthcare Solutions Healthcare analytics and consulting | $11,507,129 |
| Good Help Connections LLC Telecommunications and IT solutions | $10,135,838 |
| Microsoft IT service and support | $3,015,780 |
| 3M Health Information Systems IT service and support | $1,009,072 |
Individuals listed as contractors are left out. 44 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Covenant Health totaling $38,912 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Covenant Health's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Covenant Health, you can publish a response that is linked from this page.
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Of every $100 Covenant Health spent in 2024, $88.00 went to programs. The full breakdown, from its IRS Form 990:
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All health care charities · Largest charities in Massachusetts
Questions people ask
How much of Covenant Health's spending goes to programs?
In calendar year 2024, Covenant Health reported that 88.0% of its $76.7 million in expenses went to program services, 12.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Covenant Health pay its top executive?
The largest total compensation Covenant Health reported for one person in calendar year 2024 was $1,276,101, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Covenant Health get its money?
Of $77.5 million in revenue in calendar year 2024, 0.1% came from contributions and grants and 99.8% from program service revenue (Form 990, Part VIII).
Is Covenant Health a registered charity?
The IRS lists EIN 22-2484505 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513099349303291 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413129349304006 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323179349301017 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213129349302681 · read the filing
- 2020: Form 990 for calendar year 2020, object 202143159349303484 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023149349301407 · read the filing
All filings for EIN 22-2484505: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.