Covenant Health
Knoxville, Tennessee
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
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
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $207,141,823↓6% | $191,450,181↑6% | $1,801,246,321↑3% | |
| 2022 | $220,269,899↑17% | $180,206,350↑11% | $1,741,953,217↓10% | — |
| 2021 | $188,217,463↑1% | $163,022,804↑1% | $1,927,401,864↑10% | — |
| 2020 | $186,599,540↓28% | $160,638,163↑5% | $1,756,557,265↑7% | — |
| 2019 | $259,416,121↑34% | $153,436,488↓8% | $1,638,320,485↑18% | — |
| 2018 | $193,250,266↑5% | $166,435,527↑29% | $1,386,644,162↓11% | — |
| 2017 | $184,539,673↑45% | $129,063,137↑1% | $1,562,028,002↑10% | — |
| 2016 | $127,567,527↓5% | $127,392,929↑13% | $1,422,118,030↑16% | — |
| 2015 | $134,207,604↓8% | $112,630,072↑1% | $1,231,025,759↑4% | — |
| 2014 | $145,249,747↑22% | $111,872,633↑6% | $1,182,082,407↑3% | — |
| 2013 | $119,049,882↓2% | $105,539,371↑3% | $1,151,924,672↑3% | — |
| 2012 | $122,016,773↓9% | $102,116,391↑3% | $1,117,847,303↑2% | — |
| 2011 | $133,439,051 | $98,714,468 | $1,099,528,246 | — |
Frequently Asked Questions
What does Covenant Health do?▼
Covenant Health is a health care nonprofit organization based in Tennessee. It is classified under NTEE code E210 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Health financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Health has a score of 74/100 (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 Health generate?▼
Covenant Health reports $235.7M in annual revenue and holds $2.0B in total assets, based on IRS filings.
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