Covenant Medical Center INC
Waterloo, Iowa
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 1225 peers in Health Care with $100M-$1B 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 | $328,841,980↑3% | $335,820,032 | $225,227,682↓3% | |
| 2022 | $319,111,884↓1% | $335,364,281↑9% | $232,340,664↓13% | — |
| 2021 | $320,935,164↑4% | $307,341,404↑3% | $267,916,696↑12% | — |
| 2020 | $309,717,984↑1% | $298,323,347↓1% | $239,485,789↑15% | — |
| 2019 | $306,203,478↑3% | $301,569,303↓3% | $208,407,389↑8% | — |
| 2018 | $297,895,870↑2% | $311,939,119↑7% | $192,573,835↓4% | — |
| 2017 | $291,669,450↓1% | $292,252,228 | $200,143,588↑4% | — |
| 2016 | $294,847,040↑1% | $292,517,793↑8% | $192,344,731↓25% | — |
| 2015 | $291,361,688↑2% | $271,164,288↑2% | $256,525,416↑7% | — |
| 2014 | $286,883,108↑5% | $267,002,929↑3% | $240,573,113↑8% | — |
| 2013 | $274,018,759↑2% | $260,447,880↑2% | $223,704,308↑10% | — |
| 2012 | $269,544,890↑10% | $254,373,102↑8% | $203,081,146↑11% | — |
| 2011 | $245,405,306 | $235,946,310 | $183,332,174 | — |
Frequently Asked Questions
What does Covenant Medical Center INC do?▼
Covenant Medical Center INC is a health care nonprofit organization based in Iowa. It is classified under NTEE code E220 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Medical Center INC financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Medical Center INC has a score of 61/100 (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 Medical Center INC generate?▼
Covenant Medical Center INC reports $401.6M in annual revenue and holds $245.0M in total assets, based on IRS filings.
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