Covenant Health System Foundation
Lubbock, Texas
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 2 peers in Health Care with $1M-$10M 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 | $5,844,452↓49% | $11,093,856↑55% | $62,184,338↑12% | — |
| 2022 | $11,537,118 | $7,152,443↓43% | $55,494,000 | — |
| 2021 | $11,499,437↑53% | $12,467,520↑51% | $55,699,431↑3% | — |
| 2020 | $7,534,425↓31% | $8,237,406↓29% | $53,868,205↓2% | — |
| 2019 | $10,842,025↑31% | $11,606,106↑73% | $55,042,701↑18% | — |
| 2018 | $8,260,158↑83% | $6,710,374↑56% | $46,798,280↑5% | — |
| 2017 | $4,521,912↓28% | $4,306,454↓35% | $44,729,817↑2% | — |
| 2017 | $6,242,503↓12% | $6,581,197↓37% | $43,987,978↓2% | — |
| 2016 | $7,080,641↓42% | $10,523,268↑71% | $45,097,635↓9% | — |
| 2015 | $12,282,659↑93% | $6,156,339↑31% | $49,450,120↑26% | — |
| 2014 | $6,352,047↓25% | $4,709,356↓33% | $39,306,848↑19% | — |
| 2013 | $8,472,726↑62% | $6,982,186↑58% | $32,916,974↑17% | — |
| 2012 | $5,225,142↑8% | $4,408,291↑11% | $28,228,822↑9% | — |
| 2011 | $4,839,545 | $3,955,498 | $25,894,199 | — |
Frequently Asked Questions
What does Covenant Health System Foundation do?▼
Covenant Health System Foundation is a health care nonprofit organization based in Texas. It is classified under NTEE code E11 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Health System Foundation financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Health System Foundation has a score of 57/100 (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 System Foundation generate?▼
Covenant Health System Foundation reports $5.4M in annual revenue and holds $64.8M in total assets, based on IRS filings.
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