Overview
What is Covenant Medical Center?
Covenant Medical Center is a compassionate nonprofit institution in an undisclosed location, dedicated to serving all, with a particular focus on assisting the poor and vulnerable population. They advocate for healthcare reforms and strive to innovate, making healthcare more accessible, convenient, and affordable. As an embodiment of God's healing love, they aim to transform lives through their steadfast commitment and ministry.
Official website here: www.providence.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Covenant Medical Center has achieved an impressive 96% score, reflecting a strong commitment to accountability and financial transparency. The high rating is based solely on its performance in accountability and finance, demonstrating the organization’s robust governance practices and adherence to ethical standards.
The organization excels in various areas, including its independent board composition, with 76% of members being independent, and a well-structured audit and oversight committee. This is complemented by a strong program expense ratio of 94.23%, indicating that a significant portion of its resources is directed toward its mission-driven activities rather than administrative costs.
No significant limitations or concerns have been highlighted in the feedback, suggesting a well-managed organization with a clear focus on maintaining integrity and accountability in its operations. Overall, Covenant Medical Center stands out as a trustworthy nonprofit committed to using its resources effectively for the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Medical Center legitimate?
Covenant Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Medical Center 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: $141,351,462
For more financial information, click here
Official website here: www.providence.org
What is the mission statement of Covenant Medical Center?
Covenant Medical Center serves all individuals with a special focus on those who are economically disadvantaged, demonstrating God's healing love through its ministry. The center advocates for the rights and necessary healthcare reforms for vulnerable populations. Committed to transforming healthcare, Covenant Medical Center explores innovative ways to keep people healthy, make services more accessible, and make them more affordable. By keeping these values at the forefront, the center strives to make a positive difference in people's lives. Through its unwavering dedication, Covenant Medical Center aims to improve the overall health and wellbeing of those it serves.
Official website here: www.providence.org
Who is the CEO of Covenant Medical Center?
Chris Lancaster is the CEO of Covenant Medical Center The CEO's salary of Covenant Medical Center is $749,956 and their total compensation is $788,887.
Official website here: www.providence.org
What is the revenue of Covenant Medical Center?
Covenant Medical Center's revenue in 2023 was $510,146,282.
Official website here: www.providence.org
Who are the executives of Covenant Medical Center and what are their salaries?
The average compensation at Covenant Medical Center during 2023 was $51,815. There are 2728 employees and 26 volunteers at Covenant Medical Center.
Here are 23 key members and their salaries (Covenant Medical Center's CEO's salary is $749,956 and their total compensation is $788,887):
- Compensation: $0
- Related: $1,785,594
- Other: $37,055
- Compensation: $0
- Related: $1,442,423
- Other: $203,418
- Compensation: $0
- Related: $1,026,044
- Other: $31,533
- Compensation: $0
- Related: $820,069
- Other: $133,430
- Compensation: $0
- Related: $704,260
- Other: $104,422
- Compensation: $749,956
- Related: $0
- Other: $38,931
- Compensation: $0
- Related: $512,039
- Other: $39,591
- Compensation: $0
- Related: $431,678
- Other: $22,757
- Compensation: $279,556
- Related: $0
- Other: $52,259
- Compensation: $262,290
- Related: $0
- Other: $59,203
- Compensation: $277,131
- Related: $0
- Other: $41,052
- Compensation: $244,432
- Related: $0
- Other: $54,504
- Compensation: $0
- Related: $224,492
- Other: $32,497
- Compensation: $0
- Related: $195,795
- Other: $40,067
- Compensation: $0
- Related: $162,384
- Other: $31,334
- Compensation: $0
- Related: $61,050
- Other: $0
- Compensation: $0
- Related: $13,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.providence.org
Where can I find the form 990 for Covenant Medical Center?
Covenant Medical Center's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.providence.org
Learn more at the official website: www.providence.org
Mission Statement of Covenant Medical Center
Covenant Medical Center, a devoted institution, embodies God's healing love by serving all, with a special commitment to those who are economically disadvantaged. This faith-based organization remains steadfast in its mission, bringing Jesus' ministry to life through healthcare services. Covenant Medical Center goes beyond simply providing medical care; it champions the cause of vulnerable populations and champions essential healthcare reforms.
In their pursuit of transforming healthcare, Covenant Medical Center strives to keep people healthy and make their services more accessible, convenient, and affordable. This commitment to innovation extends beyond individual patients, as they work towards systemic change to ensure that everyone, regardless of their financial circumstances, can access the care they need. By advocating for the rights and well-being of marginalized communities, Covenant Medical Center exemplifies a compassionate and inclusive approach to healthcare.
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Impact
October, 2024
Covenant Medical Center plays a vital role in enhancing the health and well-being of the Renton, WA community, particularly among its most vulnerable populations. The center prioritizes accessibility and affordability in health care, ensuring that individuals who are poor or face significant barriers to care receive the medical attention they need. By advocating for necessary healthcare reforms and transforming traditional approaches, Covenant Medical Center not only addresses immediate health concerns but also focuses on long-term wellness. Their commitment to serving all individuals embodies a mission rooted in compassion, aiming to reflect healing love through supportive health services and innovative care solutions.
This information is meant to be a general summary of Covenant Medical Center. 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: $120,527
- Program Service Revenue: $477,784,716
- Gross Receipts: $510,146,282
Assets and Liabilities:
- Total Assets: $971,073,349
- Total Liabilities: $576,435,974
- Net Assets: $394,637,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$476,487,374
MOB RENTAL REVENUE
Revenue
$1,297,342
Organization Details
Founding Year
2017
Principal Officer
Amy Thompson Md
Website
www.providence.orgNTEE Category
Code: E22 - Health
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