COVENANT HEALTHCARE FOUNDATION (EIN 382572154) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Principal Officer

KEVIN ALBOSTA

Phone

9895836006

Tax Period

2024-07-01 to 2025-06-30

COVENANT HEALTHCARE FOUNDATION, founded in 1984, is a community nonprofit in the Health Care sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.4M, a strong 60% operating margin.

Mission

THE FOUNDATION IS ESTABLISHED TO SUPPORT THE COVENANT HEALTHCARE SYSTEM BY ACCEPTING DONATIONS AND PROVIDING STEWARDSHIP OF CHARITABLE FUNDS RECEIVED FROM THE COVENANT HEALTHCARE CONSTITUENCY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $951,907

Program Service Revenue $0

Investment Income $1,304,049

Other Revenue $112,146

TOTAL REVENUE $2,368,102

Expense Breakdown

Grants Paid $380,303

Salaries & Benefits $427,807

Fundraising Expenses $0

Program Expenses $380,303

Other Expenses $141,924

TOTAL EXPENSES $950,034

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,368,102	$2,133,081	+0.1%
Expenses	$950,034	$831,704	+0.1%
Net Income	$1,418,068	$1,301,377	+0.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

373

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,478,880

Total Directors

$4,149,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETHANY CHARLTON	PRESIDENT/CEO	4.00	Officer Director	$0	$867,822	$1,907,478
KEVIN ALBOSTA	VP OF FINANCE	4.00	Officer Director	$0	$311,248	$2,242,171
JANE HAGEN	CHAIR	4.00	Officer Director	$0	$0	$0
MOLLY SAPUTO	VICE-CHAIR	4.00	Officer Director	$0	$0	$0
JOHN W SHELTON	SECRETARY/TREASURER	4.00	Officer Director	$0	$0	$0
LYLE G DAVIS JR	BOARD MEMBER	4.00	Director	$0	$0	$0
RICHARD J GARBER JR	BOARD MEMBER	4.00	Director	$0	$0	$0
SHARON ROOD	BOARD MEMBER	4.00	Director	$0	$0	$0
KATHI SPENCE	BOARD MEMBER	4.00	Director	$0	$0	$0
KRISTIN KNOLL	FOUNDATION DIRECTOR	40.00	Officer	$0	$27,530	$154,754
RYAN RATYNSKI	INTERIM FOUNDATION DIRECTOR - PART YEAR	40.00	Officer	$0	$27,147	$174,477

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,368,102	$950,034	$29,308,767	$1,418,068
2024	$2,133,081	$831,704	$27,249,943	$1,301,377
2023	$3,212,722	$961,594	$25,253,338	$2,251,128
2022	$2,934,595	$4,858,867	$25,418,869	$-1,924,272
2021	$3,733,844	$1,826,362	$31,451,666	$1,907,482
2020	$4,594,189	$1,988,091	$25,983,253	$2,606,098
2019	$2,511,987	$1,580,724	$23,769,550	$931,263
2018	$2,369,309	$1,709,721	$23,051,316	$659,588

COVENANT HEALTHCARE FOUNDATION