Covenant Medical Group
Lubbock, Texas
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
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
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $187,130,359↑7% | $187,118,348↑8% | $66,261,334↓48% | — |
| 2022 | $174,081,657↓1% | $173,978,380↓1% | $128,517,327↑50% | — |
| 2021 | $175,229,421↑9% | $175,221,125↑9% | $85,719,045↑11% | — |
| 2020 | $160,772,526↓4% | $160,724,967↓4% | $77,160,531↑16% | — |
| 2019 | $166,924,359↑15% | $166,783,351↓6% | $66,787,141↑15% | — |
| 2018 | $145,358,015↑104% | $176,639,850↑106% | $58,046,556↑9% | — |
| 2017 | $71,416,423↓47% | $85,876,112↓48% | $53,366,159↑5% | — |
| 2017 | $134,023,589↑1% | $165,620,059↑3% | $50,623,552↑14% | — |
| 2016 | $132,818,698↑10% | $160,306,894↑7% | $44,284,130↑13% | — |
| 2015 | $120,920,316↑8% | $150,483,974↑11% | $39,171,150↓10% | — |
| 2014 | $111,952,418↑6% | $135,193,666↑5% | $43,622,613↑33% | — |
| 2013 | $105,219,320↑11% | $129,216,201↑8% | $32,800,670↑12% | — |
| 2012 | $94,731,075↑2% | $119,935,431↑6% | $29,164,572↓11% | — |
| 2011 | $92,564,006 | $113,185,659 | $32,900,572 | — |
Frequently Asked Questions
What does Covenant Medical Group do?▼
Covenant Medical Group is a health care nonprofit organization based in Texas. It is classified under NTEE code E310 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Medical Group financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Medical Group has a score of 45/100 (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 Group generate?▼
Covenant Medical Group reports $223.2M in annual revenue and holds $138.3M in total assets, based on IRS filings.
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