Covenant Healthcare Foundtion
Saginaw, Michigan
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Very Good
How This Organization Compares
Compared to 2 peers in Health Care with $1M-$10M 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 | $3,212,722↑9% | $961,594↓80% | $25,253,338↓1% | — |
| 2022 | $2,934,595↓21% | $4,858,867↑166% | $25,418,869↓19% | — |
| 2021 | $3,733,844↓19% | $1,826,362↓8% | $31,451,666↑21% | — |
| 2020 | $4,594,189↑83% | $1,988,091↑26% | $25,983,253↑9% | — |
| 2019 | $2,511,987↑6% | $1,580,724↓8% | $23,769,550↑3% | — |
| 2018 | $2,369,309↑29% | $1,709,721↑3% | $23,051,316↑6% | — |
| 2017 | $1,839,864↑23% | $1,664,714↑2% | $21,729,969↑6% | — |
| 2016 | $1,497,531↓46% | $1,628,661↑87% | $20,558,121↓2% | — |
| 2015 | $2,766,784↑14% | $869,033↓27% | $21,027,071↑3% | — |
| 2014 | $2,429,567↓2% | $1,194,515↑33% | $20,506,712↑16% | — |
| 2013 | $2,487,372↑64% | $896,999↓1% | $17,603,703↑12% | — |
| 2012 | $1,513,687↓39% | $906,677↓31% | $15,738,611 | — |
| 2011 | $2,475,193 | $1,315,137 | $15,716,430 | — |
Frequently Asked Questions
What does Covenant Healthcare Foundtion do?▼
Covenant Healthcare Foundtion is a health care nonprofit organization based in Michigan. It is classified under NTEE code E112 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Healthcare Foundtion financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Healthcare Foundtion has a score of 76/100 (Grade: A-). 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 Healthcare Foundtion generate?▼
Covenant Healthcare Foundtion reports $2.1M in annual revenue and holds $27.2M in total assets, based on IRS filings.
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