Covenant Health System
61% goes to programs $0 to raise $100 Thin reserves
Covenant Health System is a 501(c)(3) organization based in Lubbock, Texas, registered in 1998, with $113,759,127 in FY2024 revenue. CharityIndex grades it C, and it directs about 61% of spending to programs.
3615 19th St, Lubbock, TX, 79410 EIN 75-2765566 Since 1998
Revenue (FY2024)
$113.8M
▲ 11.9% vs prior year
Health median: $840K
Expenses (FY2024)
$115.6M
Net assets
-$224.1M
Employees
635
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating61% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Covenant Health System: 61% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Covenant Health System: 0 mo reserves · -2% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Covenant Health System: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Covenant Health System: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o.as expressions of god's healing love, witnessed through the ministry of jesus, we are steadfast in serving all, especially those who are poor and vulnerable.
Contact & location
- Address
- 3615 19th St, Lubbock, TX, 79410
- City
- Lubbock
- State
- Texas
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $570.4M (FY2013) to $113.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $423.2MNet assets -$224.1M
Operating margin
-1.6%
Spent more than it raised in the latest fiscal year.
Total assets
$199.1M
Total liabilities
$423.2M
Net assets
-$224.1M
Salaries & benefits
$45.3M
39% of expenses
Board members
16
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $113,759,127▲11.9% | $115,571,834▲23.3% | -$224,076,812▼62.2% | $199,139,169▼20.8% | 990 |
| 2023 | $101,706,790▼18.4% | $93,736,511▼19.1% | -$138,151,370▼38.0% | $251,526,995▲185% | 990 |
| 2022 | $124,698,924▲17.1% | $115,856,089▲17.8% | -$100,117,614▼167% | $88,236,720▼62.5% | 990 |
| 2021 | $106,469,001▲13.2% | $98,316,333▲14.4% | $150,100,005▲8.8% | $235,112,275▲50.7% | 990 |
| 2020 | $94,073,918▲5.2% | $85,973,403▲0.7% | $137,947,108▲384% | $156,000,960▲8.7% | 990 |
| 2019 | $89,452,397▼87.2% | $85,386,826▼87.6% | -$48,603,211▼111% | $143,533,032▼80.0% | 990 |
| 2018 | $696,149,527▼4.2% | $686,425,076▲3.1% | $462,172,408▼22.8% | $716,587,857▼3.5% | 990 |
| 2016 | $726,402,555▲1.2% | $665,583,757▲2.4% | $598,923,447▼2.8% | $742,712,027▼6.5% | 990 |
| 2015 | $717,681,259▲2.1% | $650,258,291▲3.8% | $616,105,815▲18.4% | $794,676,007▲9.9% | 990 |
| 2014 | $703,010,738▲23.2% | $626,714,751▲23.3% | $520,488,641▲5.9% | $723,200,992▲3.0% | 990 |
| 2013 | $570,446,474 | $508,376,238▼1.7% | $491,360,832▲8.0% | $702,212,063▲5.5% | 990 |
| 2012 | — | $517,177,465▼0.9% | $455,086,032▲10.5% | $665,647,522▲4.9% | 990 |
| 2011 | — | $521,976,475▲0.5% | $411,871,583▲9.4% | $634,343,422▲9.7% | 990 |
| 2010 | — | $519,567,802▼6.4% | $376,561,531▲10.4% | $578,229,478▼0.3% | 990 |
| 2009 | — | $555,013,359 | $341,107,092 | $579,848,539 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Bruce White — $440,588 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bruce White | Vp Regional Rural Administrator | 49.5 | $440,588 |
| David Shaw | Vp Nm Hospital Administrator | 50 | $407,595 |
| Steven Beck | Chief Administrative Officer | 50 | $361,366 |
| Lindy Lauderdale | Chief Administrative Officer | 50 | $291,110 |
| Wesley Wells | Executive Director Pharmacy | 50 | $242,822 |
| Christopher Snead | Board Member | 0.5 | — |
| David Quintanilla | Board Member | 0.5 | — |
| David Weaver | Board Member | 0.5 | — |
| Dyana Kerr | Regional Cfo | 55 | — |
| Gabe Vitela | Board Member | 0.5 | — |
| James Kelly | Frmr Off. - Vp Senior Corp Counsel | 0 | — |
| Joel Gilbertson | Division Chief Exec - Central | 16 | — |
| John Grigson | Frmr Off. - Tx/nm Reg. Cfo | 0 | — |
| Jorge Ramirez | Board Member | 0.5 | — |
| Joshua Hill Md | Board Member | 0.5 | — |
| Kathleen Burrell | Secr. Chief Governance Off. | 49.5 | — |
| Kerry Hendershot Md | Board Member | 0.5 | — |
| Kim Turner | Board Member/vice Chair | 1 | — |
| Lindsay Cooper | Board Member | 0.5 | — |
| Melissa Damm | Division Cfo - Central | 13.8 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Littler Mendelson PC | Legal Services | $877,500 |
| Healthstar International LLC | Recruitment Services | $871,995 |
| Teinert Commercial Building Services | Construction Services | $606,831 |
| Johnson Controls Inc Hvac | Repair and Maintenance Services | $529,091 |
| Gailey Fire Protection Inc | Fire Protection Services | $518,065 |
Grants received · $7.2M total
7 grants to Covenant Health System totaling $7.2M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| St Joseph Health System | Operational support | 2023 | $1,855,842 |
| St Joseph Health System | Operational support | 2022 | $1,801,789 |
| St Joseph Health System | Program support | 2021 | $1,749,309 |
| St Joseph Health System | Program support | 2020 | $1,698,359 |
| Muscular Dystrophy Association | Medical diagnosis | 2016 | $23,600 |
| Muscular Dystrophy Association | Medical diagnosis | 2015 | $23,600 |
| Muscular Dystrophy Association | Medical diagnosis | 2014 | $23,600 |
Grants made · $1.7M in FY2023
1 grant totaling $1.7M in FY2023. All grants made by Covenant Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| Covenant Health System Foundation | Opperational support | $1,712,777 |
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Frequently asked questions
- Is Covenant Health System a legitimate nonprofit?
- Yes. Covenant Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2765566, based in Lubbock, Texas. Donations are tax-deductible.
- What is Covenant Health System's EIN?
- Covenant Health System's Employer Identification Number (EIN) is 75-2765566.
- How much revenue does Covenant Health System report?
- Covenant Health System reported $113,759,127 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Covenant Health System's spending goes to programs?
- Covenant Health System spends about 61% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Covenant Health System have?
- CharityIndex grades Covenant Health System C, based on program efficiency and fundraising cost.
- How much does Covenant Health System's highest-paid employee make?
- The highest reported compensation on Covenant Health System's latest Form 990 is $440,588, paid to Bruce White (Vp Regional Rural Administrator).
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Data for Covenant Health System (EIN 75-2765566) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.