Covenant HomeCare
Covenant HomeCare reported $25.4 million in revenue and $26.0 million in expenses for calendar year 2024. Of every $100 it spent, $89.19 went to program services, $10.81 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: 98.8% of the total. The highest compensation it reported for one person was $3,242,830 (President & CEO). 13 people received more than $100,000 in reportable compensation. Revenue rose 49% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $26MFor 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 $25MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 89.2% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 10.8% | 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 | 1.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.8% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $3,242,830 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 12.48% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 13 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -1.0 | 6.6 |
| Independent voting board members Part VI 1a–1b | 19 of 20 | 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 expenseCovenant HomeCare provides services and treatment for patients who need to receive care in a home environment. Services consist of nursing, physical therapy, occupational therapy, speech therapy, social services and care given by certified nursing assistants. Patients include those covered by Medicare, TennCare and commercial insurance, as well as self-pay patients. No patient is denied care because of an inability to pay. Applications for financial assistance are provided to patients who need them, and financial counselors are available to assist with the application process. Covenant…
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, 0.00 hrs/week | $0 | $2,880,556 | $362,274 | $3,242,830 |
| EVP/CFO Officer, 0.00 hrs/week | $0 | $861,693 | $105,608 | $967,301 |
| President & CAO Officer, 50.00 hrs/week | $298,321 | $0 | $45,044 | $343,365 |
| Medical Director Highest compensated employee, 50.00 hrs/week | $302,550 | $0 | $32,861 | $335,411 |
| VP - Financial Services Officer, 8.00 hrs/week | $0 | $170,366 | $28,824 | $199,190 |
| Director HomeCare Hospice Highest compensated employee, 50.00 hrs/week | $121,982 | $0 | $34,737 | $156,719 |
| Occupational Therapist Highest compensated employee, 50.00 hrs/week | $109,774 | $0 | $38,621 | $148,395 |
| Rehab Therapy Asst Highest compensated employee, 50.00 hrs/week | $111,793 | $0 | $17,131 | $128,924 |
13 people received more than $100,000 in reportable compensation from Covenant HomeCare (Part VII, line 2). Compensation of current officers, directors and key employees totaled $343K (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–1b20 · 19 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 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5260
- Volunteers Part I, line 698
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Homecare Homebase LLC Software Maintenance | $310,785 |
| Diversicare of Oak Ridge Nursing Home Services | $178,589 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Covenant HomeCare'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 HomeCare, you can publish a response that is linked from this page.
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Of every $100 Covenant HomeCare spent in 2024, $89.19 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Vna Homecare ServicesCheektowaga, NY · revenue $25M · programs 78.4% · 2024
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- Portland Community Health CenterPortland, ME · revenue $25M · programs 88.0% · FY2025
- Rhode Island Hospital FoundationProvidence, RI · revenue $25M · programs 78.3% · FY2025
- Southeast Alabama Rural Health AssociatesTroy, AL · revenue $25M · programs 89.3% · FY2025
Questions people ask
How much of Covenant HomeCare's spending goes to programs?
In calendar year 2024, Covenant HomeCare reported that 89.2% of its $26.0 million in expenses went to program services, 10.8% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Covenant HomeCare pay its top executive?
The largest total compensation Covenant HomeCare reported for one person in calendar year 2024 was $3,242,830, for the role of President & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Covenant HomeCare get its money?
Of $25.4 million in revenue in calendar year 2024, 1.2% came from contributions and grants and 98.8% from program service revenue (Form 990, Part VIII).
Is Covenant HomeCare a registered charity?
The IRS lists EIN 62-1623114 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 202533169349303213 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443189349306264 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343179349305489 · read the filing
- 2021: Form 990 for calendar year 2021, object 202203149349303500 · read the filing
- 2020: Form 990 for calendar year 2020, object 202122929349300537 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023179349304657 · read the filing
All filings for EIN 62-1623114: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.