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Covenant Aco Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 611573313 ✦ Renton, WA ✦ Designated as a 501(c)(3)

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Overview

What is Covenant Aco Inc?

Covenant Aco Inc, based in Texas, is a physician-led nonprofit organization involved in the Medicare Shared Savings Program. Their mission is to enhance healthcare services for Medicare beneficiaries, aiming to improve patient outcomes and lower healthcare expenses. As part of the Providence family, a comprehensive healthcare organization serving seven states, Covenant Aco Inc shares a commitment to serving vulnerable populations and promoting equitable access to quality care. The nonprofit is dedicated to environmental stewardship, with initiatives such as waste reduction, energy efficiency, and carbon footprint reduction. Covenant Aco Inc operates as an Accountable Care Organization, working collaboratively with healthcare providers to deliver high-quality care to Medicare patients. Their primary goal is to enrich the healthcare experience by providing better care and reducing expenses. As a responsible entity within the Providence family, Covenant Aco Inc aligns with the organization's dedication to diversity, equity, inclusion, and environmental stewardship.


Official website here: www.covenanthealthpartners.org

Is Covenant Aco Inc legitimate?

Covenant Aco Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Aco 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.covenanthealthpartners.org

What is the mission statement of Covenant Aco Inc?

Covenant Aco Inc, as an accountable care organization, is committed to improving patient outcomes and enhancing the healthcare experience by providing high-quality care and lowering expenses. They work collaboratively with doctors and other healthcare providers in the Medicare Shared Savings Program. Their mission, inspired by a healing love, is to serve all individuals, particularly the vulnerable, by advocating for needed healthcare reforms and pursuing innovative ways to transform healthcare. They strive to make services more convenient, accessible, and affordable for all, with a focus on quality, compassionate care for everyone, regardless of coverage or ability to pay. Through their community benefit programs and high-impact investments, they aim to address basic health needs, remove barriers to care, and promote community resilience and innovation for a sustainable future.


Official website here: www.covenanthealthpartners.org

Who is the CEO of Covenant Aco Inc?

Michael D Robertson Md is the Board Member of Covenant Aco Inc. The CEO's salary of Covenant Aco Inc is $0 and their total compensation is $571,915.


Official website here: www.covenanthealthpartners.org

What is the revenue of Covenant Aco Inc?

Covenant Aco Inc's revenue in 2022 was $511,909.


Official website here: www.covenanthealthpartners.org

Who are the executives of Covenant Aco Inc and what are their salaries?


Here are 24 key members and their salaries (Covenant Aco Inc's CEO's salary is $0 and their total compensation is $571,915):


Nilesh Patel Md (Board Member)
  • Compensation: $0
  • Related: $801,743
  • Other: $89,179
John Grigson (Regional Chief Financial Officer)
  • Compensation: $0
  • Related: $752,735
  • Other: $78,768
Ryan Owen Md (Board Member)
  • Compensation: $0
  • Related: $673,918
  • Other: $38,275
Jason Strefling Md (Board Member)
  • Compensation: $0
  • Related: $677,675
  • Other: $27,412
James Kelly (Frmr Off. - Vp Senior Corp Counsel)
  • Compensation: $0
  • Related: $604,046
  • Other: $83,353
Richard Henderson Md (Board Member)
  • Compensation: $0
  • Related: $566,571
  • Other: $39,513
Michael Robertson Md (Ceo)
  • Compensation: $0
  • Related: $520,422
  • Other: $51,493
Jeremy Dalton Md (Board Member (Part Year))
  • Compensation: $0
  • Related: $523,005
  • Other: $47,616
Chetlen Crossnoe Md (Board Member/Vice Chair)
  • Compensation: $0
  • Related: $501,486
  • Other: $38,632
Jeremy L Brown Md (Board Member)
  • Compensation: $0
  • Related: $433,734
  • Other: $34,594
Jeffrey Hannel Md (Board Member)
  • Compensation: $0
  • Related: $390,388
  • Other: $54,571
Christopher Collins Md (Board Member)
  • Compensation: $0
  • Related: $386,924
  • Other: $36,627
Karen Talusan-Soriano Md (Board Member)
  • Compensation: $0
  • Related: $287,815
  • Other: $62,961
William B Snodgrass Md (Board Member/Chair)
  • Compensation: $0
  • Related: $298,723
  • Other: $43,270
Adam Spivey (Cfo)
  • Compensation: $0
  • Related: $266,060
  • Other: $38,171
Marissa Yates Md (Board Member)
  • Compensation: $0
  • Related: $239,702
  • Other: $50,000
Joshua Hill Md (Board Member)
  • Compensation: $0
  • Related: $256,813
  • Other: $26,652
Joel Landry (Board Member)
  • Compensation: $0
  • Related: $237,067
  • Other: $39,734
Angela Ferguson Md (Board Member)
  • Compensation: $0
  • Related: $238,735
  • Other: $23,149
Cari Sorrell Md (Board Member)
  • Compensation: $0
  • Related: $3,681
  • Other: $0
Brent Nall Md (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lakhu Rohra Md (Board Member - Thru 5/22)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Rozean Md (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Swetha Gadwala Md (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.covenanthealthpartners.org

Where can I find the form 990 for Covenant Aco Inc?

Covenant Aco Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.covenanthealthpartners.org

Learn more at the official website: www.covenanthealthpartners.org

Mission Statement of Covenant Aco Inc

Covenant Aco Inc, an expressions of God's healing love, is steadfast in serving all, particularly those who are poor and vulnerable. Their mission is to advocate for vulnerable populations and needed reforms in healthcare. They are committed to transforming healthcare by keeping people healthy, making their services more convenient, accessible, and affordable for all. Covenant Aco Inc serves millions of lives across seven states, advancing best practices and continuing their over 100-year tradition of serving the poor and vulnerable. They work towards an equitable, sustainable future by delivering high-quality, compassionate care for everyone, regardless of coverage or ability to pay.

The organization's mission is also reflected in their commitment to social responsibility. They have a stronger commitment to diversity, equity, inclusion (DEI), and environmental stewardship. In 2022, they restructured resources to align and scale DEI strategies across their family of organizations. They are executing their integrated strategic and financial plan, which expresses their commitment to addressing social, racial, and economic disparities in the communities they serve. Their social responsibility framework aims to deploy the assets of their system to support community health improvement, strengthen local economies, and reduce their carbon footprint. They have implemented an environmental stewardship system strategy that encourages waste reductions, efficient energy and water usage, local agriculture partnerships, less toxic and fewer chemical use, and a reduction in carbon from travel.

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Impact




October, 2024

Covenant Aco Inc plays a crucial role in enhancing the healthcare landscape by prioritizing vulnerable populations and advocating for necessary reforms in the healthcare system. Focused on delivering high-quality, compassionate care regardless of individuals' insurance coverage or ability to pay, Covenant Aco ensures that everyone has access to essential health services.

The organization's commitment to innovation is evident as it seeks to transform healthcare delivery, making it more convenient and accessible. Serving across seven states, Covenant Aco leverages the expertise of 117,000 caregivers in 51 hospitals and over 1,000 clinics, creating a robust network designed to meet a diverse range of health and social service needs.

Through its participation in the Medicare Shared Savings Program, Covenant Aco emphasizes a collaborative approach among healthcare providers, aiming to improve patient outcomes while reducing overall healthcare costs. This model not only benefits individual patients but also aims to optimize the healthcare experience on a broader scale.

Furthermore, Covenant Aco is dedicated to community resilience and equitable access to care, actively working to eliminate barriers and ensure that basic health needs are met. Their commitment to addressing social, racial, and economic disparities further demonstrates their role in building a more sustainable and inclusive future for healthcare. Through environmental stewardship initiatives, Covenant Aco also seeks to minimize its ecological impact, showing a comprehensive commitment to the wellbeing of both individuals and communities.




This information is meant to be a general summary of Covenant Aco 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.

Revenue
$511,909 (2022)
Expenses
$492,011 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $19,898
  • Program Service Revenue: $492,011
  • Gross Receipts: $511,909

Assets and Liabilities:

  • Total Assets: $2,847,235
  • Total Liabilities: $3,204,195
  • Net Assets: -$356,960

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTERAFFILIATE REVENUE

Revenue

$492,011

Organization Details

Founding Year

2007

Principal Officer

Michael D Robertson Md

Main Address

1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA, 98057

NTEE Category

Code: E20 - Health

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