P โ€” Human ServicesEIN: 850663195ยท Ruling Year: 2020

Covenant Healthshare Inc

Atlanta, Georgia

BHealth Score
60B

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 15 peers in Human Services with $10M-$100M revenue

๐Ÿ’ฐ
$2.3M
Total Revenue
๐Ÿ“Š
$1.5M
Total Expenses
๐Ÿฆ
$867K
Net Assets
๐Ÿ“‹
N/A
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-5.2%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+32.9%
Revenue minus expenses as % of revenue

Filing History

4 filings on record
YearRevenueExpensesAssets
2023$2,250,266โ†“5%$1,508,955โ†“39%$867,232โ†‘589%
2022$2,374,129โ†“17%$2,488,527โ†“12%$125,921โ†“48%
2021$2,861,701โ†‘395%$2,824,610โ†‘653%$240,319โ†‘18%
2020$578,358$375,130$203,228

Frequently Asked Questions

What does Covenant Healthshare Inc do?โ–ผ

Covenant Healthshare Inc is a human services nonprofit organization based in Georgia. It is classified under NTEE code P20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Covenant Healthshare Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Covenant Healthshare Inc has a score of 60/100 (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 Healthshare Inc generate?โ–ผ

Covenant Healthshare Inc reports $15.2M in annual revenue and holds $3.2M in total assets, based on IRS filings.

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Covenant Healthshare Inc โ€” Atlanta, GA | GiveScope