Covenant Medical Center
Lubbock, Texas
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Poor
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
5 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $510,146,282↑15% | $578,474,728↑13% | $894,586,672↓8% | — |
| 2022 | $444,874,695↓12% | $511,338,777↓3% | $971,073,349↑37% | — |
| 2021 | $506,116,390↑14% | $528,663,327↑3% | $710,309,997↑25% | — |
| 2020 | $442,666,593↓8% | $511,172,209↑1% | $570,464,940↓26% | — |
| 2019 | $479,585,591 | $507,493,641 | $769,840,826 | — |
Frequently Asked Questions
What does Covenant Medical Center do?▼
Covenant Medical Center is a health care nonprofit organization based in Texas. It is classified under NTEE code E22 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Covenant Medical Center financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Medical Center has a score of 32/100 (Grade: D). 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 Medical Center generate?▼
Covenant Medical Center reports $563.6M in annual revenue and holds $684.9M in total assets, based on IRS filings.
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