Charity Search / COVENANT MEDICAL CENTER INC
Health Care (E220) IRS Verified DX Registered 990 on File

COVENANT MEDICAL CENTER INC

EIN: 42-1264647 · WATERLOO, IA 50702-5401 · United States · FY 2023 Data
3 out of 5
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2023
$328.8M
Total Revenue
$335.8M
Total Expenses
$149.8M
Net Assets
2712
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 88.1%
Fundraising Efficiency N/A
Operating Reserve 5.35x
Liability-to-Asset 33.5%
Revenue Diversification 96.0%
Executive Compensation $2.9M
Financial History
Year Revenue Expenses Net Assets Program % Staff
2023 $328.8M $335.8M $149.8M 88.1% 2712
2022 $319.1M $335.4M $147.6M 98.3% 2720
2021 $320.9M $307.3M N/A 2615
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Organization Details
EIN
42-1264647
State
IA
City
WATERLOO
ZIP
50702-5401
Classification
E220
Category
Health Care
Rating
56★
Last Updated
Aug 2026
IRS Ruling Year
Foundation Code
12
Form 990
On File
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