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Nonprofit · EIN 75-2765566

COVENANT HEALTH SYSTEM

Tax-exempt · RENTON, WA 98057

Financials

$101.7M$93.7M2023$113.8M$115.6M2024
Revenue Expenses · by fiscal year end
Financials of COVENANT HEALTH SYSTEM by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$113,759,127$115,571,834-$1,812,707$199,139,169$423,215,981-$224,076,812
December 31, 2023990$101,706,790$93,736,511$7,970,279$251,526,995$389,678,365-$138,151,370
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$2,101,705
Program service revenue
$18,483,057
Investment income
$4,039,587
Net rental income
$6,456,123
Net gain from sales of assets
$685,184
Other revenue
$89,134,778

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$33,745,957
Salaries, compensation and benefits (total)
$45,319,756
Professional fundraising fees
$0
Legal fees
$2,729,652
Occupancy
$13,301,662
Travel
$561,612
Depreciation
$12,662,768
Program services (functional)
$70,008,385
Management and general (functional)
$45,559,417
Fundraising (functional)
$4,032

Balance sheet and other

Total assets, start of year
$251,526,995
Total assets, end of year
$199,139,169
Total liabilities, end of year
$423,215,981
Net assets, end of year
-$224,076,812
Land, buildings and equipment
$113,245,165
Publicly traded securities
$31,159,144
Net assets without donor restrictions
-$224,076,812
Gross unrelated business income
$303,435
Gross receipts
$123,317,094
Employees
635
Volunteers
56
Year formed
1998
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOEL GILBERTSONDIVISION CHIEF EXEC - CENTRAL
Key employee
16$0$2,511,979$317,836
SCOTT O'BRIENFRMR KE - CE EASTERN WA/MT
Former
0$0$1,441,016$201,616
WALTER CATHEYPRESIDENT/CEO
Trustee or director, Officer
27$0$1,276,030$205,579
MELISSA DAMMDIVISION CFO - CENTRAL
Key employee
13.8$0$863,710$109,927
KERRY HENDERSHOT MDBOARD MEMBER
Trustee or director
0.5$0$777,044$65,923
JOHN GRIGSONFRMR OFF. - TX/NM REG. CFO
Former
0$0$545,688$0
BRUCE WHITEVP REGIONAL RURAL ADMINISTRATOR
Highest-paid employee
49.5$440,588$0$73,911
JAMES KELLYFRMR OFF. - VP SENIOR CORP COUNSEL
Former
0$0$495,773$13,669
DAVID SHAWVP NM HOSPITAL ADMINISTRATOR
Highest-paid employee
50$407,595$0$45,376
STEVEN BECKCHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
50$361,366$0$32,218
RICHARD PARKSFRMR OFF - TX/NM REG. CE
Former
0$0$388,482$208
DYANA KERRREGIONAL CFO
Officer
55$0$336,855$38,627
LINDY LAUDERDALECHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
50$291,110$0$42,250
WESLEY WELLSEXECUTIVE DIRECTOR PHARMACY
Highest-paid employee
50$242,822$0$23,310
KATHLEEN BURRELLSECR. CHIEF GOVERNANCE OFF.
Officer
49.5$0$164,613$15,437
14 more people on this return
NameTitleHours / weekCompensation
CHRISTOPHER SNEADBOARD MEMBER
Trustee or director
0.5$0
DAVID QUINTANILLABOARD MEMBER
Trustee or director
0.5$0
DAVID WEAVERBOARD MEMBER
Trustee or director
0.5$0
GABE VITELABOARD MEMBER
Trustee or director
0.5$0
JORGE RAMIREZBOARD MEMBER
Trustee or director
0.5$0
JOSHUA HILL MDBOARD MEMBER
Trustee or director
0.5$0
KIM TURNERBOARD MEMBER/VICE CHAIR
Trustee or director
1$0
LINDSAY COOPERBOARD MEMBER
Trustee or director
0.5$0
SAMMY DEEB MDBOARD MEMBER
Trustee or director
0.5$0
SISTER CHRISTINE RAY CSJBOARD MEMBER
Trustee or director
0.5$0
SISTER MARIAN SCHUBERT CSJBOARD MEMBER
Trustee or director
0.5$0
SYDNEY HOPPERBOARD MEMBER
Trustee or director
0.5$0
TRAVIS FUNKBOARD MEMBER/CHAIR
Trustee or director
1$0
TROY TUCKERBOARD MEMBER
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 32 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
JOEL GILBERTSONDIVISION CHIEF EXEC - CENTRAL
Key employee
16$0$2,833,809$333,262
RICHARD PARKSFRMR OFF EXEC. ADVISOR
Former
0$0$1,785,594$37,055
SCOTT O'BRIENDIVISION COO - CENTRAL
Key employee
14$0$1,573,113$208,371
WALTER CATHEYREG CE - WEST TX/EASTERN NM
Officer
18$0$1,442,423$203,418
JOHN GRIGSONREGIONAL CFO - THRU 3/23
Officer
54.5$0$1,026,044$31,533
MELISSA DAMMDIVISION CFO - CENTRAL
Key employee
14$0$880,981$117,526
CRAIG RHYNE MDREGIONAL CHIEF MEDICAL OFFICER
Highest-paid employee
50$964,696$0$0
JAMES KELLYFRMR OFF. - VP SENIOR CORP COUNSEL
Former
0$0$704,260$104,422
KERRY HENDERSHOT MDBOARD MEMBER
Trustee or director
0.5$0$699,788$75,054
BRUCE WHITEVP REGIONAL RURAL ADMINISTRATOR
Highest-paid employee
25$462,155$0$67,774
CHRISTINE SHAVERFRMR KE - VP CHIEF HR - COVHS
Former
0$0$439,514$67,941
DAVID SHAWVP NM HOSPITAL ADMINISTRATOR
Highest-paid employee
50$394,214$0$37,295
STEVEN BECKCHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
50$400,379$0$14,963
DYANA KERRREGIONAL CFO (PART YEAR)
Officer
27.5$0$345,925$64,209
LINDY LAUDERDALECHIEF ADMINISTRATIVE OFFICER
Highest-paid employee
50$299,090$0$37,279
KATHLEEN BURRELLSECR. CHIEF GOVERNANCE OFF. (PT YR)
Officer
7$0$162,384$31,334
LINDZI TIMBERLAKESECR./CHIEF GOV. OFF. - THRU 2/23
Officer
47.5$0$40,288$3,401
BRIAN BRUENING MDBOARD MEMBER
Trustee or director
0.5$0$0$0
CHRISTOPHER SNEADBOARD MEMBER
Trustee or director
0.5$0$0$0
DAVID QUINTANILLABOARD MEMBER
Trustee or director
0.5$0$0$0
DAVID WEAVERBOARD MEMBER
Trustee or director
0.5$0$0$0
GABE VITELABOARD MEMBER
Trustee or director
0.5$0$0$0
JORGE RAMIREZBOARD MEMBER
Trustee or director
0.5$0$0$0
JOSHUA HILL MDBOARD MEMBER
Trustee or director
0.5$0$0$0
KIM TURNERBOARD MEMBER/VICE CHAIR
Trustee or director
0.5$0$0$0
LINDSAY COOPERBOARD MEMBER
Trustee or director
0.5$0$0$0
PHEBE ELLIS-ROACHBOARD MEMBER
Trustee or director
0.5$0$0$0
SAMMY DEEB MDBOARD MEMBER
Trustee or director
0.5$0$0$0
SISTER CHRISTINE RAY CSJBOARD MEMBER
Trustee or director
0.5$0$0$0
SISTER MARIAN SCHUBERT CSJBOARD MEMBER
Trustee or director
0.5$0$0$0
TRAVIS FUNKBOARD MEMBER/CHAIR
Trustee or director
1$0$0$0
TROY TUCKERBOARD MEMBER
Trustee or director
0.5$0$0$0

Address and contacts

Address (IRS master file)
1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA 98057-3368
In care of
% DYANA KERR
Principal officer (990 for 2024)
WALTER CATHEY, 3615 19TH STREET, LUBBOCK, TX 794101203
Signed the 990
DYANA KERR, CFO
Phone
(806) 725-0000
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.

990 for the year ended December 31, 2024

Program accomplishments

  • SEE SCHEDULE O
    Expenses $70,008,385 · revenue $101,161,712

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
75-2765566
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E210)
Assets (IRS master file)
$199,139,169
Income (IRS master file)
$123,317,094

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$113,759,127$115,571,834$199,139,169IRS
990-TDecember 2024–––IRS
990December 2023$101,706,790$93,736,511$251,526,995XML
990-TDecember 2023–––IRS
990December 2022$124,698,924$115,856,089$88,236,720IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2019–––IRS
990December 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 75-2765566).

Questions about COVENANT HEALTH SYSTEM

What is the EIN of COVENANT HEALTH SYSTEM?
The employer identification number (EIN) of COVENANT HEALTH SYSTEM is 75-2765566.
Is COVENANT HEALTH SYSTEM tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to COVENANT HEALTH SYSTEM tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COVENANT HEALTH SYSTEM 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 HEALTH SYSTEM 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 HEALTH SYSTEM 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 HEALTH SYSTEM?
The 990 for the year ended December 31, 2024 names WALTER CATHEY.
Who are the officers and directors of COVENANT HEALTH SYSTEM?
The 990 for the year ended December 31, 2024 lists 29 people; 5 received compensation from the organization.
How much revenue does COVENANT HEALTH SYSTEM have?
On its 990 for the year ended December 31, 2024 it reported revenue of $113,759,127, expenses of $115,571,834 and total assets of $199,139,169 at year end.

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