Overview
What is Covenant Hospital Hobbs?
Covenant Hospital Hobbs is a nonprofit healthcare organization located in Hobbs, New Mexico, which is part of the larger Providence Family of Organizations. The hospital, which has 60 beds, aims to provide comprehensive healthcare services, including surgery, intensive care, and women's services, for the local community. Covenant Hospital Hobbs is dedicated to advocating for vulnerable populations and needed reforms in healthcare, while also pursuing innovative ways to make healthcare more accessible and affordable. In addition to healthcare services, the hospital operates the Maddox Community Center for caregiver training and community events/education. The organization is committed to reducing its carbon footprint through environmental stewardship initiatives and has reported a 13% reduction in carbon emissions since 2019. They provide mental health counseling services, support local non-profits, and collaborate with regional mental health organizations to expand access to mental health resources. Covenant Hospital Hobbs' mission is to serve all, particularly those who are poor and vulnerable, as expressions of God's healing love.
Official website here: www.providence.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
Covenant Hospital Hobbs has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects the organization’s commitment to transparency and governance, with a significant 71% of its board members being independent. The oversight and audit practices are well-structured, contributing positively to the overall rating.
Strengths of Covenant Hospital Hobbs include a high program expense ratio of 95.66%, which suggests that the majority of its funds are directed towards its mission-related activities. Furthermore, the organization has established comprehensive policies such as conflict of interest, whistleblower, and document retention policies, demonstrating a strong ethical framework. The fiscal year 2022 shows that the organization is actively maintaining its financial integrity.
However, there is a noted limitation in the liabilities to assets ratio, which scored 0 out of 15 points. This may indicate concerns regarding the organization’s financial leverage and stability. Overall, while Covenant Hospital Hobbs shows strong governance and program spending, attention may be needed to improve its financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Hospital Hobbs legitimate?
Covenant Hospital Hobbs is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Hospital Hobbs 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: $10,524,160
For more financial information, click here
Official website here: www.providence.org
What is the mission statement of Covenant Hospital Hobbs?
Covenant Hospital Hobbs is dedicated to expressing God's healing love through the ministry of Jesus, with a steadfast commitment to serving all, particularly those who are poor and vulnerable. They advocate for vulnerable populations and needed reforms in healthcare. The organization is pursuing innovative ways to transform healthcare by keeping people healthy, making services convenient, accessible, and affordable for all. They are committed to providing high-quality, compassionate care for everyone, regardless of coverage or ability to pay. Their work includes community benefit programs and high-impact investments to ensure basic health needs are met and serve to remove barriers to care, build community resilience, and innovate for the future. They support organizations, programs, and initiatives that improve health and well-being and increase equitable access to quality care at the community level and at scale.
Official website here: www.providence.org
Who is the CEO of Covenant Hospital Hobbs?
Jennifer Bryan is the Board Member of Covenant Hospital Hobbs. The CEO's salary of Covenant Hospital Hobbs is $0 and their total compensation is $18,558.
Official website here: www.providence.org
What is the revenue of Covenant Hospital Hobbs?
Covenant Hospital Hobbs's revenue in 2022 was $48,687,075.
Official website here: www.providence.org
Who are the executives of Covenant Hospital Hobbs and what are their salaries?
There 15 volunteers at Covenant Hospital Hobbs.
Here are 13 key members and their salaries (Covenant Hospital Hobbs's CEO's salary is $0 and their total compensation is $18,558):
- Compensation: $0
- Related: $1,092,096
- Other: $178,610
- Compensation: $0
- Related: $604,046
- Other: $83,353
- Compensation: $0
- Related: $367,496
- Other: $88,696
- Compensation: $0
- Related: $330,916
- Other: $23,602
- Compensation: $0
- Related: $225,368
- Other: $22,300
- Compensation: $0
- Related: $198,050
- Other: $27,006
- Compensation: $0
- Related: $13,409
- Other: $5,149
- 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 Hospital Hobbs?
Covenant Hospital Hobbs's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.providence.org
Learn more at the official website: www.providence.org
Mission Statement of Covenant Hospital Hobbs
Covenant Hospital Hobbs, a steadfast expression of God's healing love, is dedicated to serving all, with a particular focus on those who are poor and vulnerable. As witnesses to Jesus' ministry, the hospital's mission is to advocate for vulnerable populations and needed reforms in healthcare. They are pursuing innovative ways to transform healthcare by keeping people healthy and making services more convenient, accessible, and affordable for all. Covenant Hospital Hobbs' commitment to high-quality, compassionate care for everyone, regardless of coverage or ability to pay, has seen them serve millions of lives and enhance the health of the American West.
With a workforce of over 117,000 caregivers, the hospital is part of a comprehensive healthcare organization that operates in seven western states. Their services include hospitals, clinics, and a range of health and social services. Covenant Hospital Hobbs' social responsibility framework includes a stronger commitment to diversity, equity, inclusion, and environmental stewardship. In 2022, they elevated the work of diversity, equity, and inclusion by restructuring resources and aligning strategies across the organization. Their integrated strategic and financial plan clearly expresses their commitment to addressing social, racial, and economic disparities in the communities they serve.
Covenant Hospital Hobbs' environmental stewardship strategy encourages waste reductions, efficient energy and water usage, local agriculture partnerships, fewer chemical use, and a reduction in carbon from travel. They have held environmental stewardship as a top priority for their leadership incentive program, ensuring alignment and momentum continues. In April 2022, they published their first environmental stewardship report, reporting a 12% reduction in carbon emissions in seven key categories since their 2019 baseline. As of September 30, 2022, they have increased that reduction to 13%.
Covenant Hospital Hobbs' regional approach to the 2021-2023 CHIP has allowed for more effectively leveraging investments in the region to meet community needs. They have collaborated with other hospitals in the region, sharing many of the same CHIP strategies, and opened a new hospital facility in Hobbs, New Mexico, in 2022. The hospital has 60 beds, 44 for surgery, 8 for intensive care, and 8 for women's services. It also includes the Maddox Community Center to be used for caregiver training and community events/education.
In the area of mental and behavioral health, Covenant Hospital Hobbs has responded to the increased demand due to the COVID-19 pandemic by expanding access to mental health counseling services for low-income and uninsured individuals. They have partnered with local non-profits and provided support and education to staff regarding mental health issues. In addition, they participate in a regional-wide mental health collaborative, which provides support to the entire Texas service area. Through this collaborative, they have supported the creation of a new diversion center that will be constructed in 2023-2024 and brought mental health conferences to the region.
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Impact
October, 2024
Covenant Hospital Hobbs has a profound impact on the local community through its commitment to high-quality, compassionate healthcare services for individuals, especially the poor and vulnerable. By opening a state-of-the-art facility in Hobbs in 2022, which includes essential services like surgery, intensive care, and women's services, the hospital has significantly expanded access to critical healthcare resources.
Through initiatives aimed at improving mental and behavioral health, Covenant Hospital Hobbs addresses the growing needs of the community, particularly in the wake of increased mental health challenges exacerbated by the COVID-19 pandemic. Their community resource center and outreach counseling clinic provide essential mental health services to low-income and uninsured individuals, ensuring that those facing barriers have the support they need.
Additionally, the hospital actively collaborates with local nonprofits to address homelessness and housing instability. By supporting programs that offer stable housing solutions, Covenant Hospital Hobbs helps empower vulnerable populations to achieve their employment and educational goals, thus contributing to the overall well-being of the community.
Covenant Hospital Hobbs also embodies a commitment to advocacy for healthcare reforms and broader access to services. Their strategic focus on community health improvement, diversity, equity, and inclusion reflects a dedication to address social and economic disparities within the region. By leveraging collective efforts through partnerships, the hospital enhances community resilience and promotes equitable access to healthcare, ensuring a healthier future for all residents in the area.
This information is meant to be a general summary of Covenant Hospital Hobbs. 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: $15,044
- Program Service Revenue: $47,963,231
- Gross Receipts: $48,687,075
Assets and Liabilities:
- Total Assets: $133,798,245
- Total Liabilities: $121,060,029
- Net Assets: $12,738,216
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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
$35,267,516
INTERAFFILIATE REVENUE
Revenue
$12,695,715
Organization Details
Founding Year
2019
Phone
(575) 492-5000Principal Officer
Jennifer Bryan
Main Address
1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA, 98057
Website
www.providence.orgNTEE Category
Code: E22 - Health
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