Overview
What is Covenant Medical Center Inc?
Covenant Medical Center Inc, also known as Covenant Healthcare, is a prominent nonprofit healthcare facility based in Saginaw, Michigan. With over 5,000 employees, it is one of the largest and most comprehensive medical centers north of Metro Detroit. The institution offers a wide range of programs and services, catering to various medical needs in the 14 counties of East Central Michigan. These services span from obstetrics, neonatal and pediatric care, to acute care including cardiology, oncology, surgery, and many other advanced medical treatments. The organization's commitment to quality, compassionate care is evident through its extensive range of inpatient and outpatient facilities, providing easy access to high-quality medical services. In the fiscal year 2022, Covenant Healthcare handled 6,069 women's and children's cases, 33,111 cardiology cases, 3,497 general medical cases, 1,071 orthopedic care cases, and 2,971 pulmonary cases.
Official website here: www.covenanthealthcare.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 96%
Covenant Medical Center Inc has received an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored 96% overall, with the evaluation based solely on its accountability and finance performance. Such a high rating indicates that the charity operates with transparency and effectiveness in managing its funds.
One of the notable strengths is the composition of its board, which consists of 85% independent members, demonstrating a commitment to governance best practices. Additionally, the organization has established robust policies including conflict of interest and whistleblower protections, further enhancing its organizational integrity. The financial metrics are also favorable, with a program expense ratio of 89.10%, signifying that a significant portion of its resources is allocated towards its charitable programs.
While the organization showcases strong financial accountability and governance, it's important to continuously monitor its performance and impact in the community. Overall, Covenant Medical Center Inc stands out as a reliable nonprofit, emphasizing its mission and effectively utilizing its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Medical Center Inc legitimate?
Covenant Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Medical Center Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $7,549,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $392,229,592
For more financial information, click here
Official website here: www.covenanthealthcare.com
What is the mission statement of Covenant Medical Center Inc?
Covenant Medical Center Inc is dedicated to providing diverse medical care to meet the healthcare needs of the 14 counties they serve. They offer a broad spectrum of programs and services, encompassing obstetrics, neonatal and pediatric care, as well as acute care such as cardiology, oncology, and surgery. All of their offerings reflect their commitment to delivering quality, compassionate care. With over 600 beds and a complete range of medical services, Covenant Healthcare is prepared to address the varied medical requirements of their region. The medical center provided 6,069 women's and children's cases, 33,111 cardiology cases, 3,497 general medical cases, 1,071 orthopedic care cases, and 2,971 pulmonary cases in the fiscal year 2022.
Official website here: www.covenanthealthcare.com
Who is the CEO of Covenant Medical Center Inc?
Bethany Charlton is the Principal Officer of Covenant Medical Center Inc.
Official website here: www.covenanthealthcare.com
What is the revenue of Covenant Medical Center Inc?
Covenant Medical Center Inc's revenue in 2022 was $787,096,091.
Official website here: www.covenanthealthcare.com
Who are the executives of Covenant Medical Center Inc and what are their salaries?
The average compensation at Covenant Medical Center Inc during 2022 was $73,193. There are 5462 employees and 329 volunteers at Covenant Medical Center Inc.
Here are 28 key members and their salaries:
- Compensation: $1,706,538
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- Other: $104,109
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- Compensation: $549,269
- Related: $0
- Other: $385,736
- Compensation: $712,311
- Related: $0
- Other: $695,520
- Compensation: $398,183
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- Other: $197,277
- Compensation: $296,046
- Related: $0
- Other: $160,308
- Compensation: $889,901
- Related: $0
- Other: $27,796
- Compensation: $475,091
- Related: $0
- Other: $16,687
- Compensation: $334,455
- Related: $0
- Other: $62,189
- Compensation: $280,014
- Related: $0
- Other: $25,817
- Compensation: $207,496
- Related: $0
- Other: $24,662
- Compensation: $1,748,424
- Related: $0
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- Compensation: $1,432,080
- Related: $0
- Other: $0
- Compensation: $1,034,130
- Related: $0
- Other: $0
- Compensation: $1,075,457
- Related: $0
- Other: $0
- Compensation: $1,064,286
- Related: $0
- Other: $0
Official website here: www.covenanthealthcare.com
Where can I find the form 990 for Covenant Medical Center Inc?
Covenant Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenanthealthcare.com
Learn more at the official website: www.covenanthealthcare.com
Mission Statement of Covenant Medical Center Inc
Covenant Medical Center Inc, a leading healthcare facility, is dedicated to providing diverse medical care that caters to the health needs of the 14 counties in East Central Michigan. With a mission to serve, the medical center offers a broad spectrum of programs and services, ranging from obstetrics and neonatal care to acute care, including cardiology, oncology, surgery, and many other advanced medical services.
The medical center, known for its commitment to quality and compassionate care, stands ready to meet the diverse medical requirements of its region. With over 600 beds and a complete range of medical services, Covenant Healthcare prides itself on its ability to respond to the varying medical needs of the community it serves. Its extensive offerings include more than 20 inpatient and outpatient facilities, ensuring convenience and easy access to high-quality care.
In the fiscal year 2022, Covenant Medical Center provided care for 6,069 women and children, 33,111 cardiology cases, 3,497 general medical cases, 1,071 orthopedic care cases, and 2,971 pulmonary cases, showcasing its comprehensive healthcare capabilities. By offering these services, Covenant Medical Center continues to make a significant impact on the health and wellbeing of the residents in East Central Michigan.
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Impact
October, 2024
Covenant Medical Center Inc significantly impacts the health and well-being of communities across 14 counties in East Central Michigan. As one of the largest and most comprehensive healthcare facilities north of Metro Detroit, Covenant Healthcare is equipped to address a wide array of medical needs.
The center offers an extensive range of services, including obstetrics, neonatal and pediatric care, cardiology, oncology, and surgery, ensuring that they can cater to diverse health challenges. In the fiscal year 2022 alone, the medical center handled over 33,000 cardiology cases, nearly 6,100 cases in women’s and children’s health, and thousands of additional cases in general medical, orthopedic, and pulmonary care.
With more than 600 beds and over 20 inpatient and outpatient facilities, Covenant Healthcare provides accessible, high-quality care tailored to the specific needs of the region. The commitment to quality and compassionate care exemplifies their mission to meet the healthcare needs of the community, ensuring that residents receive comprehensive medical attention close to home. This vital presence not only enhances individual health outcomes but also strengthens the overall health infrastructure of the region, making a lasting difference in the lives of many.
This information is meant to be a general summary of Covenant Medical Center Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $31,169,880
- Program Service Revenue: $735,039,931
- Gross Receipts: $876,841,506
Assets and Liabilities:
- Total Assets: $806,735,551
- Total Liabilities: $323,672,610
- Net Assets: $483,062,941
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$716,286,957
JOINT VENTURES
Revenue
$17,791,539
EDUCATIONAL REVENUE
Revenue
$961,435
Organization Details
Founding Year
1997
Phone
(989) 583-6006Principal Officer
Bethany Charlton
Main Address
1447 N HARRISON, SAGINAW, MI, 48602
Website
www.covenanthealthcare.comNTEE Category
Code: E220 - Health
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