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Covenant Medical Center

Also known as Covenant Healthcare

Saginaw, MI · EIN 38-3369438 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Covenant Medical Center reported $916.0 million in revenue and $921.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $90.29 went to program services, $9.71 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: 96.6% of the total. The highest compensation it reported for one person was $2,263,761 (PHYSICIAN). 826 people received more than $100,000 in reportable compensation. Revenue rose 30% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $922M

For 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

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $916M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
90.3%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
9.7%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
$0.00$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
96.6%93.7%
Highest reported compensation
Part VII-A, columns D–F
$2,263,761$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.25%1.34%
People paid over $100,000
Part VII, line 2
82627
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.46.6
Independent voting board members
Part VI 1a–1b
10 of 1288.9%

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

FY2025 · Form 990, Part III · the three largest programs by expense
$832M expenses · 100.0% of program spending · grants $35M · revenue $885M

One of the largest, most comprehensive health care facilities north of metro detroit, covenant healthcare is prepared to respond to the diverse medical needs of our region. We offer a broad spectrum of programs and services ranging from obstetrics, neonatal and pediatric care, to acute care including cardiology, oncology, surgery and many other services on the leading edge of medicine. All of our programs and services exemplify our commitment to providing quality, compassionate care. As a medical facility with more than 600 beds and a complete range of medical services, covenant healthcare…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$2,241,571$0$22,190$2,263,761
VICE PRESIDENT
Officer, 55.00 hrs/week
$1,930,923$0$311,248$2,242,171
PRESIDENT
Director/trustee, officer, 54.00 hrs/week
$1,039,656$0$867,822$1,907,478
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,781,002$0$8,385$1,789,387
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,752,338$0$8,535$1,760,873
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,637,367$0$22,190$1,659,557
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,454,567$0$22,190$1,476,757
VICE PRESIDENT
Officer, 50.00 hrs/week
$581,460$0$289,008$870,468

826 people received more than $100,000 in reportable compensation from Covenant Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $8.1M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$250M$500M$750M$1.00BFY2020FY2021FY2022FY2023FY2024FY2025$916M$922M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$916M$922M90.3%$567M$2,263,761
FY2024 ⓘ$831M$806M88.5%$553M$2,077,878
FY2023 ⓘ$793M$777M90.0%$503M$2,125,302
FY2022 ⓘ$787M$790M90.5%$483M$1,810,647
FY2021 ⓘ$777M$807M87.8%$576M$5,157,229
FY2020 ⓘ$703M$685M89.6%$488M$2,117,210

Governance answers, as filed

FY2025 · 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–1b12 · 10 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 55,212
  • Volunteers Part I, line 6373

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
SAGINAW ANESTHESIA SERVICES
Anesthesia services
$8,415,711
EPIC SYSTEMS CORPORATION
It mtc support
$5,955,273
MEDICUS RADIOLOGY SERVICES
Radiology services
$5,606,679
ALLIANCE HNI HEALTH CARE
Pet/ct services
$2,062,258
DICKINSON WRIGHT PLLC
Legal services
$1,969,644

Individuals listed as contractors are left out. 108 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Covenant Medical Center'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 Medical Center, you can publish a response that is linked from this page.

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Questions people ask

How much of Covenant Medical Center's spending goes to programs?

In the fiscal year ending June 30, 2025, Covenant Medical Center reported that 90.3% of its $921.9 million in expenses went to program services, 9.7% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Covenant Medical Center pay its top executive?

The largest total compensation Covenant Medical Center reported for one person in the fiscal year ending June 30, 2025 was $2,263,761, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Covenant Medical Center get its money?

Of $916.0 million in revenue in the fiscal year ending June 30, 2025, 0.1% came from contributions and grants (including 0.0% from government grants) and 96.6% from program service revenue (Form 990, Part VIII).

Is Covenant Medical Center a registered charity?

The IRS lists EIN 38-3369438 as a 501(c)(3) organization (hospital or medical research organization), 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

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349309817 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349305386 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202431369349306223 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311299349302581 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241329349303999 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111379349300766 · read the filing

All filings for EIN 38-3369438: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.