Nonprofit · EIN 46-3516417
COVENANT PHYSICIAN PARTNERS INC
Tax-exempt · LUBBOCK, TX 79410
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,407,549 | $7,859,556 | $1,547,993 | $17,177,532 | $2,426,783 | $14,750,749 |
| December 31, 2023 | 990 | $21,836,754 | $21,836,753 | $1 | $18,585,088 | $6,144,498 | $12,440,590 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $9,407,549
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $340
- Other salaries and wages
- $4,765,062
- Salaries, compensation and benefits (total)
- $6,505,215
- Professional fundraising fees
- $0
- Occupancy
- $111,232
- Travel
- $103,181
- Depreciation
- $11,570
- Program services (functional)
- $5,373,481
- Management and general (functional)
- $2,486,075
Balance sheet and other
- Total assets, start of year
- $18,585,088
- Total assets, end of year
- $17,177,532
- Total liabilities, end of year
- $2,426,783
- Net assets, end of year
- $14,750,749
- Land, buildings and equipment
- $72,160
- Net assets without donor restrictions
- $14,750,749
- Gross receipts
- $9,407,549
- Employees
- 180
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WALTER CATHEY | CEO Officer | 14 | $0 | $1,276,030 | $205,579 |
| RYAN OWEN MD | BOARD MEMBER - THRU 12/31/24 Trustee or director | 0.5 | $0 | $883,269 | $48,377 |
| JASON STREFLING MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $882,722 | $43,101 |
| RICHARD HENDERSON MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $682,527 | $69,182 |
| JEREMY DALTON MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $630,559 | $45,372 |
| JAMES KELLY | FRMR OFF. - VP SENIOR CORP COUNSEL Former | 0 | $0 | $495,773 | $13,669 |
| MICHAEL ROBERTSON MD | CHIEF EXECUTIVE MEDICAL GROUP Highest-paid employee | 50 | $500,588 | $0 | $623 |
| JEREMY L BROWN MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $394,883 | $49,489 |
| MARISSA YATES MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $384,318 | $29,416 |
| WILLIAM B SNODGRASS MD | BOARD MEMBER/CHAIR Trustee or director | 1 | $0 | $348,614 | $30,525 |
| JEFFREY HANNEL MD | BOARD MEMBER - THRU 7/24 Trustee or director | 0.5 | $0 | $352,511 | $22,237 |
| KAREN TALUSAN-SORIANO MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $309,414 | $45,859 |
| BRENT NALL MD | BOARD MEMBER - THRU 12/31/24 Trustee or director | 0.5 | $0 | $334,036 | $20,213 |
| CHETLEN CROSSNOE MD | BOARD MEMBER - THRU 12/31/24 Trustee or director | 0.5 | $0 | $317,936 | $13,350 |
| JOEL LANDRY | BOARD MEMBER - THRU 12/31/24 Trustee or director | 0.5 | $0 | $294,880 | $32,599 |
12 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DOMINIQUE FOSTER | BOARD MEMBER Trustee or director | 0.5 | $0 | $258,562 | $24,474 |
| CHRISTOPHER COLLINS MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $245,882 | $9,593 |
| RACHAEL STEHLING | EXECUTIVE DIR. BUSINESS DEVELOPMENT Highest-paid employee | 50 | $223,644 | $0 | $30,514 |
| LAURA MCMAHON | CFO Officer | 27.5 | $0 | $225,186 | $5,982 |
| ALLISON HORTON | CLINICAL PHARMACIST Highest-paid employee | 50 | $173,668 | $0 | $11,674 |
| LISA BARRINGTON | SENIOR DIRECTOR POPULATION HEALTH Highest-paid employee | 50 | $162,623 | $0 | $19,242 |
| KATHLEEN BURRELL | SECR./ASSOCIATE COUNSEL Officer | 0.5 | $0 | $164,613 | $15,437 |
| TERI PIERCE | DIRECTOR CARE MANAGEMENT Highest-paid employee | 50 | $122,493 | $0 | $2,741 |
| DAVID LONG MD | BOARD MEMBER - THRU 12/31/24 Trustee or director | 0.5 | $0 | $2,425 | $0 |
| JOSHUA HILL MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RANDY ROZEAN MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SWETHA GADWALA MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WALTER CATHEY | CEO (PART YEAR) Officer | 18 | $0 | $1,442,423 | $203,418 |
| JOHN GRIGSON | FRMR OFF. - TX/NM REG. CFO Former | 0 | $0 | $1,026,044 | $31,533 |
| NILESH PATEL MD | BOARD MEMBER - THRU 12/31/23 Trustee or director | 0.5 | $0 | $954,028 | $102,320 |
| JASON STREFLING MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $886,608 | $66,737 |
| RYAN OWEN MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $750,749 | $64,707 |
| JAMES KELLY | FRMR OFF. - VP SENIOR CORP COUNSEL Former | 0 | $0 | $704,260 | $104,422 |
| RICHARD HENDERSON MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $683,460 | $87,076 |
| JEREMY DALTON MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $606,212 | $49,626 |
| MICHAEL ROBERTSON MD | CHP CEO - THRU 11/23 Officer | 27.5 | $486,174 | $0 | $39,691 |
| CHETLEN CROSSNOE MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $431,678 | $22,757 |
| JEFFREY HANNEL MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $400,757 | $47,858 |
| JEREMY L BROWN MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $375,452 | $72,052 |
| WILLIAM B SNODGRASS MD | BOARD MEMBER/CHAIR Trustee or director | 1 | $0 | $383,904 | $41,709 |
| CHRISTOPHER COLLINS MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $370,047 | $18,812 |
| KAREN TALUSAN-SORIANO MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $306,694 | $63,553 |
| BRENT NALL MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $331,682 | $35,158 |
| DAVID STOWERS | EXECUTIVE DIRECTOR CARE MANAGEMENT Highest-paid employee | 50 | $294,729 | $0 | $47,584 |
| JOEL LANDRY | BOARD MEMBER Trustee or director | 0.5 | $0 | $276,429 | $37,722 |
| MARISSA YATES MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $259,056 | $38,497 |
| RACHAEL STEHLING | EXEC DIR, BUSINESS DEVELOPMENT Highest-paid employee | 50 | $226,355 | $0 | $45,107 |
| ADAM SPIVEY | CFO - THRU 11/23 Officer | 14 | $0 | $229,966 | $30,940 |
| ANGELA FERGUSON MD | BOARD MEMBER - THRU 12/31/23 Trustee or director | 0.5 | $0 | $211,917 | $39,955 |
| KATHLEEN BURRELL | SECR./ASSOCIATE COUNSEL (PART YEAR) Officer | 7 | $0 | $162,384 | $31,334 |
| ALLISON HORTON | CLINICAL PHARMACIST Highest-paid employee | 50 | $167,320 | $0 | $20,155 |
| LISA BARRINGTON | DIR, QUALITY IMPROVEMENT Highest-paid employee | 50 | $151,552 | $0 | $34,505 |
| SAMMY RAY | DIR. PLATFORM OPERATIONS TELEHEALTH Highest-paid employee | 50 | $149,450 | $0 | $25,131 |
| LINDZI TIMBERLAKE | SECRETARY - THRU 3/23 Officer | 0.5 | $0 | $40,288 | $3,401 |
| JOSHUA HILL MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| RANDY ROZEAN MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SWETHA GADWALA MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3615 19TH ST, LUBBOCK, TX 79410-1203
- In care of
- % DYANA KERR
- Principal officer (990 for 2024)
- WALTER CATHEY, 1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA 98057
- Signed the 990
- LAURA MCMAHON, CFO
- Phone
- (806) 725-0711
- Return prepared by
- ERNST & YOUNG US LLP
Mission
AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.
Program accomplishments
- SEE SCHEDULE O AT PROVIDENCE, WE USE OUR VOICE TO ADVOCATE FOR VULNERABLE POPULATIONS AND NEEDED REFORMS IN HEALTH CARE. WE ARE ALSO PURSUING INNOVATIVE WAYS TO TRANSFORM HEALTH CARE BY KEEPING PEOPLE HEALTHY, AND MAKING OUR SERVICES MORE CONVENIENT, ACCESSIBLE AND AFFORDABLE FOR ALL. IN AN INCREASINGLY UNCERTAIN WORLD, WE ARE COMMITTED TO HIGH-QUALITY, COMPASSIONATE HEALTH CARE FOR EVERYONE - REGARDLESS OF COVERAGE OR ABILITY TO PAY. WE HELP PEOPLE AND COMMUNITIES BENEFIT FROM THE BEST HEALTH CARE MODEL FOR THE FUTURE - TODAY.TOGETHER, OUR 125,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,014 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE AFFILIATE FAMILY INCLUDES:-PROVIDENCE ACROSS FIVE WESTERN STATES-COVENANT HEALTH IN WEST TEXAS AND NEW MEXICO-FACEY MEDICAL GROUP IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA IN 2024, PROVIDENCE MINISTRIES AND AFFILIATES PROVIDED $1.9 BILLION IN COMMUNITY BENEFIT PROGRAMS. THIS INCLUDES FREE AND DISCOUNTED CARE, UNCOMPENSATED AND SUBSIDIZED CARE, AND OTHER COMMUNITY HEALTH ACTIVITIES.ONE OF THESE VITAL PROGRAMS, MEDICAID, IS A LIFELINE FOR MILLIONS OF INDIVIDUALS, INCLUDING SENIORS, CHILDREN, PREGNANT PATIENTS, THOSE WITH DISABILITIES AND VETERANS. WE ARE GRATEFUL TO EVERYONE IN OUR COMMUNITIES WHO HAS JOINED US IN ADVOCATING FOR CONTINUED FUNDING AND EXPANSION OF THIS PROGRAM. TOGETHER, WE ARE HELPING TO ENSURE MORE PEOPLE HAVE ACCESS TO NEEDED CARE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORT THROUGH OUR COMMUNITY BENEFIT PROGRAMS, WE FOCUS ON MEETING THE DIVERSE NEEDS OF THE PEOPLE WE SERVE BY WORKING TO ENSURE BASIC HEALTH NEEDS ARE MET, REMOVING BARRIERS TO CARE, BUILDING COMMUNITY RESILIENCE AND INNOVATING FOR THE FUTURE. PROVIDENCE CONTINUES TO WORK TOWARDS CARBON NEGATIVE AND IN 2024 DECREASED EMISSIONS BY 19 PERCENT COMPARED TO OUR 2019 BASELINE. OUR EFFORTS EARNED US A SYSTEM RECORD 55 ENVIRONMENTAL EXCELLENCE AWARDS FROM PRACTICE GREENHEALTH AND MADE US THE FIRST LARGE SYSTEM TO RECEIVE THE JOINT COMMISSION'S SUSTAINABLE HEALTHCARE CERTIFICATION IN 2024 FOR EACH OF OUR HOSPITALS. REALIZING OUR MISSION OUR MISSION IS REALIZED THROUGH THE DELIVERY OF QUALITY IN-PATIENT AND OUT-PATIENT SERVICES, AND FOCUSED COMMUNITY INITIATIVES AND PROGRAMS THAT ARE DEDICATED TO IMPROVING THE LIVES OF ALL WE SERVE. PROGRAM SERVICE ACCOMPLISHMENTS COVENANT HEALTH PARTNERS IS A JOINT VENTURE BETWEEN MORE THAN 300 PHYSICIANS AND THE FOUR HOSPITALS IN THE COVENANT HEALTH SYSTEM IN A UNIQUE COLLABORATION KNOWN AS CLINICAL INTEGRATION. THE PROGRAM IS DESIGNED TO IMPROVE HEALTH OUTCOMES AND INCREASE THE VALUE RECEIVED FOR THE DOLLARS SPENT BY AREA EMPLOYERS ON EMPLOYEE HEALTH BENEFITS. THE COVENANT HEALTH PARTNERS CLINICAL INTEGRATION PROGRAM JOINS TOGETHER WHAT WOULD OTHERWISE BE A FRAGMENTED GROUP OF INDEPENDENTLY PRACTICING PHYSICIANS INTO A COMPREHENSIVE CARE MANAGEMENT PROGRAM, COMPRISED OF A COMMON SET OF QUALITY GOALS AND MEASURES ACROSS ALL INSURANCE CARRIERS, WITH A FOCUS ON IMPROVED HEALTH CARE OUTCOMES AND REDUCING THE LONG TERM COST OF CARE. UNLIKE OTHER DISEASE MANAGEMENT OR PREVENTIVE HEALTH PROGRAMS, THE CLINICAL INTEGRATION PROGRAM PROVIDES EXTENSIVE INFRASTRUCTURE AND SUPPORT TO PHYSICIANS PARTICIPATING IN THE PROGRAM, AS WELL AS A PAY-FOR-PERFORMANCE INCENTIVE SYSTEM, TO DRIVE AN OUTSTANDING LEVEL OF PERFORMANCE.COVENANT HEALTH PARTNERS (CHP) BEGAN IN 2013 WHEN A NUMBER OF PHYSICIANS SUPPORTED BY COVENANT HEALTH SYSTEM, HAD THE VISION TO IMPROVE THE CURRENT MEDICAL DELIVERY SYSTEM IN THE COMMUNITY THROUGH A MODEL NOT WIDELY USED, KNOWN AS CLINICAL INTEGRATION. THE VISION RESULTED IN THE FORMING OF COVENANT HEALTH PARTNERS; A COLLABORATION BETWEEN COVENANT HEALTH SYSTEM, COVENANT MEDICAL GROUP (WHICH EMPLOYS ABOUT 150 PHYSICIANS), AND 160 INDEPENDENT PHYSICIANS.FOR MORE INFORMATION ON COVENANT HEALTH PARTNERS, PLEASE VISITHTTPS://WWW.COVENANTHEALTHPARTNERS.ORG/ FOR MORE INFORMATION ABOUT PROVIDENCE ST. JOSEPH HEALTH, PLEASE VISITHTTPS://WWW.PROVIDENCE.ORG/Expenses $5,373,481 · grants $340 · revenue $9,407,549
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 46-3516417
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization, Type I
- Donations deductible (Pub 78)
- Supporting organization, 50% limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E11)
- Assets (IRS master file)
- $17,177,532
- Income (IRS master file)
- $9,407,549
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,407,549 | $7,859,556 | $17,177,532 | IRS |
| 990 | December 2023 | $21,836,754 | $21,836,753 | $18,585,088 | XML |
| 990 | December 2022 | $18,191,962 | $18,120,743 | $20,493,473 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-3516417).
Questions about COVENANT PHYSICIAN PARTNERS INC
- What is the EIN of COVENANT PHYSICIAN PARTNERS INC?
- The employer identification number (EIN) of COVENANT PHYSICIAN PARTNERS INC is 46-3516417.
- Is COVENANT PHYSICIAN PARTNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to COVENANT PHYSICIAN PARTNERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
- Which annual return does COVENANT PHYSICIAN PARTNERS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVENANT PHYSICIAN PARTNERS INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT PHYSICIAN PARTNERS INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COVENANT PHYSICIAN PARTNERS INC?
- The 990 for the year ended December 31, 2024 names WALTER CATHEY.
- Who are the officers and directors of COVENANT PHYSICIAN PARTNERS INC?
- The 990 for the year ended December 31, 2024 lists 27 people; 5 received compensation from the organization.
- How much revenue does COVENANT PHYSICIAN PARTNERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,407,549, expenses of $7,859,556 and total assets of $17,177,532 at year end.
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