Covenant Health Inc
Andover, Massachusetts
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $78,489,788↓3% | $74,210,597↓7% | $364,146,367↑5% | — |
| 2022 | $80,912,625↑10% | $79,496,874↑10% | $348,125,512↑2% | — |
| 2021 | $73,583,328↑10% | $72,373,910↑5% | $339,773,281↑93% | — |
| 2020 | $66,693,555↓9% | $68,789,200↓4% | $176,504,110↓10% | — |
| 2019 | $73,480,164 | $71,923,258↓1% | $196,795,806↑1% | — |
| 2018 | $73,273,956↑362% | $72,847,912↑315% | $195,385,071↑1% | — |
| 2017 | $15,846,739↓17% | $17,541,653↓34% | $194,302,586↑59% | — |
| 2016 | $19,128,280↑46% | $26,436,885↑119% | $121,989,606 | — |
| 2015 | $13,076,288↑1% | $12,055,454↑7% | $122,591,281↑25% | — |
| 2014 | $12,946,648↓11% | $11,234,477↑10% | $98,238,045↑10% | — |
| 2013 | $14,506,842↑21% | $10,168,404↓4% | $89,530,111↑10% | — |
| 2012 | $12,035,289↑31% | $10,594,288↑19% | $81,724,378↓14% | — |
| 2011 | $9,180,005 | $8,872,684 | $95,239,972 | — |
Frequently Asked Questions
What does Covenant Health Inc do?▼
Covenant Health Inc is a health care nonprofit organization based in Massachusetts. It is classified under NTEE code E30B and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Health Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Health Inc has a score of 65/100 (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 Inc generate?▼
Covenant Health Inc reports $77.5M in annual revenue and holds $381.5M in total assets, based on IRS filings.
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