Covenant Hospital Hobbs
Covenant Hospital Hobbs reported $51.2 million in revenue and $74.1 million in expenses for calendar year 2024. Of every $100 it spent, $96.31 went to program services, $3.69 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: 93.2% of the total. The highest compensation it reported for one person was $514,499 (BOARD MEMBER). 25 people received more than $100,000 in reportable compensation. Revenue rose 14% between 2021 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $74MFor 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 $51MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 96.3% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 3.7% | 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 | 5.2% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 4.9% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 93.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $514,499 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.69% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 25 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -3.2 | 6.6 |
| Independent voting board members Part VI 1a–1b | 6 of 8 | 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 expenseSee schedule oat providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We are also pursuing innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all. In an increasingly uncertain world, we are committed to high-quality, compassionate health care for everyone - regardless of coverage or ability to pay. We help people and communities benefit from the best health care model for the future - today.together, our 125,000 caregivers (all employees) serve in 51…
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 |
|---|---|---|---|---|
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $440,588 | $73,911 | $514,499 |
| FRMR OFF. - VP SENIOR CORP COUNSEL Former, 0.00 hrs/week | $0 | $495,773 | $13,669 | $509,442 |
| BOARD MEMBER Director/trustee, 0.50 hrs/week | $0 | $408,558 | $17,057 | $425,615 |
| FRMR OFF. - REGIONAL CFO Former, 0.00 hrs/week | $0 | $336,855 | $38,627 | $375,482 |
| ASSISTANT SECRETARY FOR ENROLLMENT Officer, 0.50 hrs/week | $0 | $316,554 | $18,932 | $335,486 |
| FRMR OFF. - LUBBOCK AREA MARKET/CFO Former, 0.00 hrs/week | $0 | $285,974 | $28,590 | $314,564 |
| CEO Officer, 55.00 hrs/week | $260,146 | $0 | $22,800 | $282,946 |
| CFO Officer, 18.40 hrs/week | $0 | $209,026 | $24,199 | $233,225 |
25 people received more than $100,000 in reportable compensation from Covenant Hospital Hobbs (Part VII, line 2). Compensation of current officers, directors and key employees totaled $283K (Part IX, line 5).
5 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–1b8 · 6 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 15aNo
- Board given the 990 before filing Part VI 11aNo
- 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 14bNo
- Employees Part I, line 5227
- Volunteers Part I, line 618
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| AYA HEALTHCARE INC Staffing services | $2,700,447 |
| SOUND PHYSICIANS OF CALIFORNIA Medical services | $2,130,073 |
| HOAR CONSTRUCTION LLC Construction services | $1,534,570 |
| SOUND PHYSICIANS-SOUTH Medical services | $1,534,267 |
| CHS COMMUNITY HEALTH SYSTEMS INC Medical services | $978,636 |
Individuals listed as contractors are left out. 21 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Covenant Hospital Hobbs'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 Hospital Hobbs, you can publish a response that is linked from this page.
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Of every $100 Covenant Hospital Hobbs spent in 2024, $96.31 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- St Joseph's Health ServicesHillsboro, WI · revenue $51M · programs 88.9% · FY2025
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- Unity CARE NorthwestBellingham, WA · revenue $51M · programs 79.0% · 2024
- Seattle Indian Health BoardSeattle, WA · revenue $51M · programs 68.1% · FY2025
- South Shore Hospital CorporationChicago, IL · revenue $51M · programs 80.0% · 2024
Questions people ask
How much of Covenant Hospital Hobbs's spending goes to programs?
In calendar year 2024, Covenant Hospital Hobbs reported that 96.3% of its $74.1 million in expenses went to program services, 3.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Covenant Hospital Hobbs pay its top executive?
The largest total compensation Covenant Hospital Hobbs reported for one person in calendar year 2024 was $514,499, for the role of BOARD MEMBER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Covenant Hospital Hobbs get its money?
Of $51.2 million in revenue in calendar year 2024, 5.2% came from contributions and grants (including 4.9% from government grants) and 93.2% from program service revenue (Form 990, Part VIII).
Is Covenant Hospital Hobbs a registered charity?
The IRS lists EIN 84-4273963 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 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 202503089349302650 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443169349304044 · read the filing
- 2022: Form 990 for calendar year 2022, object 202333179349307048 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233159349305203 · read the filing
- 2020: Form 990 for calendar year 2020, object 202133149349302753 · read the filing
All filings for EIN 84-4273963: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.