Overview
What is Covenant Health System Foundation?
Covenant Health System Foundation is a nonprofit organization situated in Lubbock, Texas. Their primary mission is to advocate for vulnerable populations and necessary healthcare reforms, while simultaneously pursuing innovative methods to enhance healthcare services, making them more convenient, accessible, and affordable for all. The foundation serves communities across seven states, including Alaska, California, Montana, New Mexico, Oregon, Texas, and Washington, through 51 hospitals, 1,000 clinics, and a wide range of health and social services. With a workforce of approximately 117,000 caregivers, Covenant Health System Foundation is committed to delivering high-quality, compassionate care, regardless of insurance coverage or financial ability. They work towards community benefit and high-impact investments to ensure basic health needs are met, remove barriers to care, and build community resilience. The organization has also demonstrated a strong commitment to diversity, equity, and inclusion, as well as environmental stewardship.
Official website here: www.covenanthealth.org
What are the reviews and ratings of this charity?
Covenant Health System Foundation has received a four-star rating from Charity Navigator with a score of 96%, which is highly commendable. This rating is based entirely on the foundation's strong performance in Accountability and Finance. Such a strong score indicates excellent financial health and transparency, as well as robust governance practices.
The foundation excels in several financial and governance metrics, achieving full marks for maintaining an independent board, having a comprehensive range of policies, and no material diversion of assets. It has a low liabilities to assets ratio, a solid working capital ratio, and a commendable program expense ratio, demonstrating efficient and responsible financial management.
While the charity excels in financial accountability, the rating does not include an Impact & Measurement score or assessments in culture, community, leadership, and adaptability. This indicates a potential area for growth, as a more comprehensive assessment could provide greater insight into its overall impact and operational effectiveness. User reviews from GreatNonprofits are not available to provide anecdotal insights or diverse perspectives from beneficiaries and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Health System Foundation legitimate?
Covenant Health System Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Health System Foundation 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: $331,797
Professional Fundraising Fees: $0
Other Salaries and Wages: $921,085
For more financial information, click here
Official website here: www.covenanthealth.org
What is the mission statement of Covenant Health System Foundation?
Covenant Health System Foundation's mission statement is centered around serving all, with a particular focus on the poor and vulnerable. As expressions of God's healing love, they are steadfast in their service. They advocate for vulnerable populations and needed reforms in healthcare, pursuing innovative ways to make healthcare more convenient, accessible, and affordable for everyone. Committed to high-quality, compassionate care, they aim to touch millions of lives and enhance health in their communities. Through community benefit programs and other high-impact investments, they work to ensure basic health needs are met and remove barriers to care, building community resilience and innovating for the future. Their mission is also reflected in their dedication to diversity, equity, and inclusion, and environmental stewardship.
Official website here: www.covenanthealth.org
What is the revenue of Covenant Health System Foundation?
Covenant Health System Foundation's revenue in 2023 was $5,844,452.
Official website here: www.covenanthealth.org
Who are the executives of Covenant Health System Foundation and what are their salaries?
The average compensation at Covenant Health System Foundation during 2023 was $83,525. There are 15 employees and 116 volunteers at Covenant Health System Foundation.
Here are 37 key members and their salaries:
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- Related: $739,675
- Other: $55,102
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- Other: $49,626
- Compensation: $285,604
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- Compensation: $135,064
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- Other: $23,714
- Compensation: $115,352
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- Other: $22,169
Official website here: www.covenanthealth.org
Where can I find the form 990 for Covenant Health System Foundation?
Covenant Health System Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.covenanthealth.org
Learn more at the official website: www.covenanthealth.org
Mission Statement of Covenant Health System Foundation
The Covenant Health System Foundation is deeply committed to serving all individuals, with a particular focus on the vulnerable and impoverished. This organization embodies expressions of God's healing love, as witnessed through the ministry of Jesus, and carries out its mission in a steadfast manner. It advocates for the rights and needs of vulnerable populations in the healthcare sector, working tirelessly to reform the system. Additionally, the foundation pursues innovative methods to improve healthcare, making it more convenient, accessible, and affordable for everyone, regardless of their ability to pay or insurance coverage. With a workforce of over 117,000 caregivers, Covenant Health System Foundation serves in various hospitals, clinics, and health and social services across seven states: Alaska, California, Montana, New Mexico, Oregon, Texas, and Washington. The foundation's mission is to help those in need and contribute to building a more equitable and sustainable future. Through community benefit programs and high-impact investments, it strives to meet basic health needs and remove barriers to care, ultimately fostering community resilience and innovation for the future.
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Impact
July, 2024
Covenant Health System Foundation's impact is deeply rooted in their mission to serve all, especially those who are poor and vulnerable, by providing essential health services and advocating for needed reforms in healthcare. Through their various initiatives and programs, they strive to ensure that basic health needs are met, remove barriers to care, and innovate for the future. Their work touches millions of lives across seven states, enhancing the health and well-being of communities and increasing equitable access to quality care. By collaborating with organizations, programs, and initiatives that improve health outcomes, Covenant Health System Foundation continues to be a vital safety net for those in need while building a more equitable and sustainable future.
This information is meant to be a general summary of Covenant Health System Foundation. 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 2023.
- Investment Income: $638,426
- Gross Receipts: $6,597,465
Assets and Liabilities:
- Total Assets: $55,494,000
- Total Liabilities: $232,669
- Net Assets: $55,261,331
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Organization Details
Founding Year
2000
Principal Officer
Stephen Crisman
Website
www.covenanthealth.orgNTEE Category
Code: E11 - Health
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