Covenant Health Investment Trust
Andover, Massachusetts
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | -$4,632,096↓406% | $1,079,411 | $265,170,840↑8% | |
| 2022 | -$914,895↓101% | $0 | $244,447,441↓31% | — |
| 2021 | $68,215,808↑354% | $0↓100% | $352,819,682↑8% | — |
| 2020 | $15,015,788↓28% | $607,788↓13% | $327,463,635↑22% | — |
| 2019 | $20,875,840↑111% | $694,840↓10% | $269,001,472↑20% | — |
| 2018 | $9,895,750↑52% | $772,064↑3% | $223,818,120↓24% | — |
| 2017 | $6,497,552↑17% | $748,224↑7% | $296,055,490↑23% | — |
| 2016 | $5,538,253↓46% | $700,464↓16% | $239,803,223↑1% | — |
| 2015 | $10,343,213↓23% | $838,319↓4% | $238,250,753↓4% | — |
| 2014 | $13,388,378↑8% | $870,581↑6% | $248,792,972↑7% | — |
| 2013 | $12,418,420↑31% | $818,648↓4% | $232,932,602↑30% | — |
| 2012 | $9,501,273↑37% | $851,295↑7% | $179,178,125↑22% | — |
| 2011 | $6,917,669 | $793,693 | $147,469,529 | — |
Frequently Asked Questions
What does Covenant Health Investment Trust do?▼
Covenant Health Investment Trust is a health care nonprofit organization based in Massachusetts. It is classified under NTEE code E120 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Health Investment Trust financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Health Investment Trust has a score of 62/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Covenant Health Investment Trust generate?▼
Covenant Health Investment Trust reports $10.5M in annual revenue and holds $260.2M in total assets, based on IRS filings.
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