Covenant Health System
Lubbock, Texas
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 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
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $101,706,790↓18% | $93,736,511↓19% | $251,526,995↑185% | — |
| 2022 | $124,698,924↑17% | $115,856,089↑18% | $88,236,720↓62% | — |
| 2021 | $106,469,001↑13% | $98,316,333↑14% | $235,112,275↑51% | — |
| 2020 | $94,073,918↑5% | $85,973,403↑1% | $156,000,960↑9% | — |
| 2019 | $89,452,397↓87% | $85,386,826↓88% | $143,533,032↓80% | — |
| 2018 | $696,149,527↑134% | $686,425,076↑133% | $716,587,857↑11% | — |
| 2017 | $298,116,460↓59% | $294,592,905↓56% | $646,659,894↓13% | — |
| 2017 | $726,402,555↑1% | $665,583,757↑2% | $742,712,027↓7% | — |
| 2016 | $717,681,259↑2% | $650,258,291↑4% | $794,676,007↑10% | — |
| 2015 | $703,010,738↑23% | $626,714,751↑23% | $723,200,992↑3% | — |
| 2014 | $570,446,474↑3% | $508,376,238↓2% | $702,212,063↑5% | — |
| 2013 | $552,925,902↓3% | $517,177,465↓1% | $665,647,522↑5% | — |
| 2012 | $570,190,305↑4% | $521,976,475 | $634,343,422↑10% | — |
| 2011 | $546,892,016 | $519,567,802 | $578,229,478 | — |
Frequently Asked Questions
What does Covenant Health System do?▼
Covenant Health System is a health care nonprofit organization based in Texas. It is classified under NTEE code E210 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Health System financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Health System has a score of 38/100 (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 Health System generate?▼
Covenant Health System reports $113.8M in annual revenue and holds $199.1M in total assets, based on IRS filings.
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