Covenant Health Inc

Organization Overview

Covenant Health Inc is located in Tewksbury, MA. The organization was established in 1946. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Covenant Health Inc employed 333 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Covenant Health Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2020, Covenant Health Inc generated $66.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 31.2% each year . All expenses for the organization totaled $68.8m during the year ending 12/2020. While expenses have increased by 33.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

COVENANT HEALTH IS A CATHOLIC HEALTH CARE SYSTEM SPONSORING HOSPITALS, NURSING HOMES, ASSISTED LIVING RESIDENCES, AND OTHER HEALTH AND ELDER SERVICES THROUGHOUT NEW ENGLAND. THE ORGANIZATION IS COMMITTED TO THE HEALTH OF THE INDIVIDUALS AND COMMUNITIES IT SERVES, AND THE ORGANIZATION STRIVES TO OFFER A CONTINUUM OF HIGH QUALITY CARE. PLEASE SEE THE ORGANIZATION'S WEBSITE FOR THE 2020 COVENANT HEALTH CORPORATE REPORT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SPONSORING AND OPERATING A CATHOLIC HEALTH CARE SYSTEM CONSISTING OF HOSPITALS, NURSING HOMES, ASSISTED LIVING RESIDENCES, AND OTHER HEALTH AND ELDER SERVICES, AS WELL AS FURTHERING THE DELIVERY OF HEALTH AND HUMAN SERVICES CONSISTENT WITH THE TEACHINGS AND LAW OF THE ROMAN CATHOLIC CHURCH.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ensemble Rcm Llc
Management And Consulting Services
$25,059,004
Good Help Connections Llc
Telecommunications And It Solutions
$9,006,832
Logically
It Service And Support
$1,402,809
Microsoft
It Service And Support
$3,025,555
Cybernorth
It Service And Support
$1,340,672
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$38,830
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$38,830
Total Program Service Revenue$65,145,894
Investment income $1,508,831
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $66,693,555

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Covenant Health Inc has recieved totaling $37,000.

Awarding OrganizationAmount
Yankee Alliance Inc

Andover, MA

PURPOSE: SUPPLYVIEW

$37,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$292,574
Earnings$10,613
Net Contributions$200,327
Other Expense$245,378
Ending Balance$258,136

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