Covenant Homecare
Knoxville, Tennessee
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Below Average
How This Organization Compares
Compared to 39 peers in Health Care with $10M-$100M 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 | $22,800,972↑10% | $23,265,532↑2% | $3,413,244↑25% | — |
| 2022 | $20,781,294↑16% | $22,797,414↑16% | $2,738,390↑12% | — |
| 2021 | $17,855,047↓4% | $19,637,169↑6% | $2,451,607↓28% | — |
| 2020 | $18,602,209↑9% | $18,549,675↑8% | $3,407,115↑12% | — |
| 2019 | $17,040,461↑14% | $17,191,257↑8% | $3,040,786↑5% | — |
| 2018 | $15,000,872↓15% | $15,937,333↓8% | $2,902,513↓2% | — |
| 2017 | $17,677,000↓3% | $17,368,084↑2% | $2,948,966↑12% | — |
| 2016 | $18,190,769↑7% | $17,068,373↓3% | $2,639,851↓6% | — |
| 2015 | $17,000,172↓8% | $17,585,926↓2% | $2,819,138↓43% | — |
| 2014 | $18,472,702↑37% | $17,879,412↑20% | $4,939,455↑11% | — |
| 2013 | $13,449,962↓10% | $14,927,724↓2% | $4,433,545↑2% | — |
| 2012 | $14,863,978↑6% | $15,251,234↑6% | $4,342,545↑11% | — |
| 2011 | $14,040,180 | $14,370,097 | $3,895,919 | — |
Frequently Asked Questions
What does Covenant Homecare do?▼
Covenant Homecare is a health care nonprofit organization based in Tennessee. It is classified under NTEE code E92Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Homecare financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Homecare has a score of 41/100 (Grade: C). 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 Homecare generate?▼
Covenant Homecare reports $25.4M in annual revenue and holds $3.3M in total assets, based on IRS filings.
Similar Organizations
Explore more organizations in the Health Care category, or browse all nonprofits in Tennessee.