Covenant Medical Group
95% goes to programs Thin reserves Growing revenue
Covenant Medical Group is a 501(c)(3) organization based in Lubbock, Texas, registered in 1998, with $223,188,639 in FY2024 revenue. CharityIndex grades it C+, and it directs about 95% of spending to programs.
2215 Nashville Ave, Lubbock, TX, 79410 EIN 75-2743883 Since 1998
Revenue (FY2024)
$223.2M
▲ 19.3% vs prior year
Health median: $840K
Expenses (FY2024)
$222.8M
Net assets
-$90.0M
Employees
1,270
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
C+Program efficiency40% of the rating95% to programs
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 Medical Group: 95% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · +0% 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 Medical Group: 0 mo reserves · +0% margin earns a D 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 Medical Group: 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 Medical Group: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
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
- 2215 Nashville Ave, Lubbock, TX, 79410
- City
- Lubbock
- State
- Texas
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $112.0M (FY2013) to $223.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $228.3MNet assets -$90.0M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$138.3M
Total liabilities
$228.3M
Net assets
-$90.0M
Salaries & benefits
$177.1M
79% of expenses
Board members
14
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $223,188,639▲19.3% | $222,830,243▲19.1% | -$90,011,115▼106% | $138,288,545▲109% | 990 |
| 2023 | $187,130,359▲7.5% | $187,118,348▲7.6% | -$43,712,853▼235% | $66,261,334▼48.4% | 990 |
| 2022 | $174,081,657▼0.7% | $173,978,380▼0.7% | -$13,055,761▼181% | $128,517,327▲49.9% | 990 |
| 2021 | $175,229,421▲9.0% | $175,221,125▲9.0% | $16,154,912▲131% | $85,719,045▲11.1% | 990 |
| 2020 | $160,772,526▼3.7% | $160,724,967▼3.6% | -$52,911,207▼286% | $77,160,531▲15.5% | 990 |
| 2019 | $166,924,359▲14.8% | $166,783,351▼5.6% | -$13,704,525▲73.1% | $66,787,141▲15.1% | 990 |
| 2018 | $145,358,015▲8.5% | $176,639,850▲6.7% | -$50,913,555▲62.0% | $58,046,556▲14.7% | 990 |
| 2016 | $134,023,589▲0.9% | $165,620,059▲3.3% | -$133,968,097▲13.6% | $50,623,552▲14.3% | 990 |
| 2015 | $132,818,698▲9.8% | $160,306,894▲6.5% | -$155,125,621▼21.5% | $44,284,130▲13.1% | 990 |
| 2014 | $120,920,316▲8.0% | $150,483,974▲11.3% | -$127,637,425▼30.1% | $39,171,150▼10.2% | 990 |
| 2013 | $111,952,418 | $135,193,666▲4.6% | -$98,073,767▼31.1% | $43,622,613▲33.0% | 990 |
| 2012 | — | $129,216,201▲7.7% | -$74,832,519▼47.2% | $32,800,670▲12.5% | 990 |
| 2011 | — | $119,935,431▲6.0% | -$50,835,638▼98.3% | $29,164,572▼11.4% | 990 |
| 2010 | — | $113,185,659▼9.5% | -$25,631,282▼126% | $32,900,572▼13.8% | 990 |
| 2009 | — | $125,122,504 | -$11,348,756 | $38,165,390 | 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: Mohammad Otahbachi — $1,604,254 (0.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mohammad Otahbachi | Physician | 50 | $1,604,254 |
| Senthilraj Ganeshan | Physician | 50 | $1,556,788 |
| Stephen Grupke | Physician | 50 | $1,455,451 |
| Andrew Robinson | Physician | 50 | $1,455,276 |
| Kiran Yalamanchili | Physician | 50 | $1,318,770 |
| Ibrahim Shalaby Md | Board Member/vice Chair | 50 | $1,097,976 |
| Kyler Barkley Md | Board Member | 50 | $1,005,023 |
| David Blann Md | Board Member | 50 | $990,803 |
| Ryan Owen Md | Board Member | 50 | $883,269 |
| Sergio Lara Md | Board Member | 50 | $850,388 |
| Paul Walter Md | Board Member/cmo | 50 | $794,291 |
| Kompal Parmar | Board Member | 50 | $703,545 |
| John Hanna Md | Board Member | 50 | $683,523 |
| Scott Letbetter Md | Board Member | 50 | $638,507 |
| Jack Shannon | Board Member | 50 | $635,290 |
| Jeremy Dalton Md | Board Member/chair | 50 | $630,559 |
| Kristen Kothmann | Cmg Ceo | 55 | $561,869 |
| Amy Henning Do | Board Member | 50 | $503,090 |
| Karen Talusan-soriano Md | Board Member | 50 | $309,414 |
| Kathleen Burrell | Secretary (part Year) | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sanford and Tatum Ins Agency-2 | Insurance Services | $420,011 |
| Locumsmart LLC | Technology Services | $140,646 |
Similar organizations in Health
Health
St Davids Foundation
Austin, TX
$217.5M
Aannual revenue
Health
El Paso Childrens Hospital Corporation
El Paso, TX
$213.0M
A+annual revenue
Health
Texas Health Harris Methodist Hospital Alliance
Fort Worth, TX
$213.0M
Aannual revenue
Health
Central Texas Community Health Centers
Austin, TX
$234.9M
Aannual revenue
Health
Sid Peterson Memorial Hospital
Kerrville, TX
$238.3M
Aannual revenue
- Health
Dallas Safety Net Support Corporation
Dallas, TX
$205.9M
B+annual revenue
Health
Metroplex Adventist Hospital Inc
Killeen, TX
$204.7M
A+annual revenue
Texas Health Hospital Frisco
Frisco, TX
$196.6M
Aannual revenue
Health
Tch Pediatric Associates Inc
Houston, TX
$261.2M
C+annual revenue
Health
U T Physicians
Houston, TX
$179.2M
Aannual revenue
Compare Covenant Medical Group
Frequently asked questions
- Is Covenant Medical Group a legitimate nonprofit?
- Yes. Covenant Medical Group is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 75-2743883, based in Lubbock, Texas. Donations are tax-deductible.
- What is Covenant Medical Group's EIN?
- Covenant Medical Group's Employer Identification Number (EIN) is 75-2743883.
- How much revenue does Covenant Medical Group report?
- Covenant Medical Group reported $223,188,639 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Covenant Medical Group's spending goes to programs?
- Covenant Medical Group spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Covenant Medical Group have?
- CharityIndex grades Covenant Medical Group C+, based on program efficiency and fundraising cost.
- How much does Covenant Medical Group's highest-paid employee make?
- The highest reported compensation on Covenant Medical Group's latest Form 990 is $1,604,254, paid to Mohammad Otahbachi (Physician).
More nonprofits in Lubbock
Explore more
Data for Covenant Medical Group (EIN 75-2743883) 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.