Covenant Hospital Hobbs
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 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
4 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $39,769,109↓18% | $59,813,796↑23% | $126,687,571↓5% | — |
| 2022 | $48,687,075↑8% | $48,672,033↑4% | $133,798,245↑221% | — |
| 2021 | $44,968,348 | $46,933,067↑43649% | $41,744,699↑1189% | — |
| 2020 | $0 | $107,278 | $3,237,580 | — |
Frequently Asked Questions
What does Covenant Hospital Hobbs do?▼
Covenant Hospital Hobbs 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 Hospital Hobbs financially healthy?▼
Based on our 9-metric Financial Health Score model, Covenant Hospital Hobbs has a score of 35/100 (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 Hospital Hobbs generate?▼
Covenant Hospital Hobbs reports $51.2M in annual revenue and holds $113.4M in total assets, based on IRS filings.
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