Covenant Medical Center Inc

Organization Overview

Covenant Medical Center Inc, operating under the name Covenant Healthcare, is located in Saginaw, MI. The organization was established in 1998. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Covenant Healthcare employed 5,463 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Healthcare 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 06/2021, Covenant Healthcare generated $776.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $806.7m during the year ending 06/2021. While expenses have increased by 5.4% 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 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE DIVERSE MEDICAL CARE TO MEET THE HEALTH CARE NEEDS OF THE 14 COUNTIES IN EAST CENTRAL MICHIGAN WE SERVE.

Describe the Organization's Program Activity:

ONE OF THE LARGEST, MOST COMPREHENSIVE HEALTH CARE FACILITIES NORTH OF METRO DETROIT, COVENANT HEALTHCARE IS PREPARED TO RESPOND TO THE DIVERSE MEDICAL NEEDS OF OUR REGION. WE OFFER A BROAD SPECTRUM OF PROGRAMS AND SERVICES RANGING FROM OBSTETRICS, NEONATAL AND PEDIATRIC CARE, TO ACUTE CARE INCLUDING CARDIOLOGY, ONCOLOGY, SURGERY AND MANY OTHER SERVICES ON THE LEADING EDGE OF MEDICINE. ALL OF OUR PROGRAMS AND SERVICES EXEMPLIFY OUR COMMITMENT TO PROVIDING QUALITY, COMPASSIONATE CARE. AS A MEDICAL FACILITY WITH MORE THAN 600 BEDS AND A COMPLETE RANGE OF MEDICAL SERVICES, COVENANT HEALTHCARE STANDS READY TO MEET THE NEEDS OF THE 14 COUNTIES IN EAST CENTRAL MICHIGAN WE SERVE. WITH MORE THAN 20 INPATIENT AND OUTPATIENT FACILITIES, COVENANT HEALTHCARE OFFERS CONVENIENCE AND EASY ACCESS TO HIGH QUALITY CARE. THE MEDICAL CENTER PROVIDED THE FOLLOWING FOR THE FISCAL YEAR 2021: 6,041 WOMEN'S AND CHILDREN'S CASES, 3,294 CARDIOLOGY CASES, 3,666 GENERAL MEDICAL CASES, 1,902 ORTHOPEDIC CARE CASES, AND 2,669 PULMONARY.


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Board, Officers & Key Employees

Name (title)Compensation
Edward Bruff
President
$4,295,842
Kevin Albosta
Vice President
$2,750,242
Beth Charlton
Vice President
$1,605,333
Binu Malhotra
Physician
$1,152,396
Adam Cote
Physician
$1,152,110
Bakri Kaakeh
Physician
$993,580

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mi Co-tenancy Labs
Lab Services
$4,310,994
Epic Systems Corporation
It Mtc Support
$4,091,170
Dickinson Wright Pllc
Legal Services
$2,264,187
Hema-tec
Dialysis Services
$4,147,390
Saginaw Anesthesia
Anesthesia Services
$1,671,952
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,181,542
Government grants $17,506,692
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $1,181,542
Total Revenue from Contributions, Gifts, Grants & Similar$18,688,234
Total Program Service Revenue$729,311,631
Investment income $7,791,909
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $945,443
Net Gain/Loss on Asset Sales $17,732,480
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $776,913,978

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Covenant Medical Center Inc has recieved totaling $125,385.

Awarding OrganizationAmount
Michigan Health And Hospital Association

Okemos, MI

PURPOSE: GRANT PASS THROUGH FOR COVID-19

$125,385
View Grant Recipient Profile

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