WATERLOO, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COVENANT MEDICAL CENTER INC, founded in 1985, is a major nonprofit in the Health Care sector that reported $436.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $406.6M left a modest 7% surplus.
WE, COVENANT MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. COVENANT MEDICAL CENTER IS A MEMBER OF TRINITY HEALTH.
COVENANT MEDICAL CENTER IN WATERLOO, IOWA (MERCYONE WATERLOO) IS A 346-BED, FULL-SERVICE, MULTI-SPECIALTY HOSPITAL THAT PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO SUPPORT THE...
COVENANT MEDICAL CENTER IN WATERLOO, IOWA (MERCYONE WATERLOO) IS A 346-BED, FULL-SERVICE, MULTI-SPECIALTY HOSPITAL THAT PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO SUPPORT THE COMMUNITY'S HEALTH CARE NEEDS. SERVICES PROVIDED INCLUDE INTENSIVE CARE; OPERATING AND RECOVERY ROOMS FOR BOTH INPATIENT AND OUTPATIENT SURGERIES AND PROCEDURES; AN ACCREDITED REHABILITATION PROGRAM SERVING INPATIENTS; ACCREDITED CANCER AND BREAST CARE CENTERS; WOMEN'S HEALTH CARE SERVICES INCLUDING OB/GYN AND MIDWIFERY, BIRTH CENTER, AND THE AREA'S ONLY LEVEL II NEONATAL INTENSIVE CARE PROGRAM; COMPREHENSIVE IMAGING AND RADIOLOGY SERVICES; LABORATORY; RESPIRATORY THERAPY; CARDIOVASCULAR SERVICES, INCLUDING GENERAL INTERVENTIONAL CARDIOLOGY AND ELECTROPHYSIOLOGY AND AN ACCREDITED CHEST PAIN CENTER; AND INPATIENT AND OUTPATIENT BEHAVIORAL HEALTH SERVICES.MERCYONE WATERLOO ALSO HAS PHYSICIAN PRACTICES WITH PRIMARY CARE AND SPECIALTY PHYSICIANS, PHYSICIAN ASSISTANTS, NURSE PRACTITIONERS AND NUMEROUS HEALTH CARE PROFESSIONALS WHO SHARE THE COMMON GOAL OF PROVIDING QUALITY INTEGRATED HEALTH CARE SERVICES TO INDIVIDUALS THROUGHOUT NORTHEAST IOWA. PLEASE SEE SCHEDULE H AND VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES AND SPECIALTIES:WWW.MERCYONE.ORG/LOCATION/MERCYONE-WATERLOO-MEDICAL-CENTER-0
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $436,425,740 | $401,603,286 | +0.1% |
| Expenses | $406,563,697 | $375,191,522 | +0.1% |
| Net Income | $29,862,043 | $26,411,764 | +0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KURT ANDERSEN MD | DIRECTOR AS OF 1/25; PRES CENTRAL IA | 1.00 |
Director
|
$0 | $245,442 | $1,931,294 |
| AHSAN MAQSOOD MD | PHYSICIAN - CARDIOLOGY | 50.00 |
Highest
|
$1,822,907 | $60,535 | $1,883,442 |
| RICHARD NAYLOR DO | PHYSICIAN - ORTHOPEDICS | 50.00 |
Highest
|
$1,825,436 | $53,188 | $1,878,624 |
| VICTOR MUJICA MD | PHYSICIAN - GASTROENTEROLOGY | 50.00 |
Highest
|
$1,370,823 | $60,326 | $1,431,149 |
| GARY KNUDSON MD | PHYSICIAN - ORTHOPEDICS | 50.00 |
Highest
|
$1,349,355 | $50,688 | $1,400,043 |
| JASON STANFORD DO | PHYSICIAN - ORTHOPEDICS | 50.00 |
Highest
|
$1,291,625 | $49,353 | $1,340,978 |
| JACK DUSENBERY | FORMER OFFICER | 0.00 |
|
$706,410 | $21,700 | $728,110 |
| MATTHEW SOJKA MD | VP, MEDICAL AFFAIRS | 40.00 |
Key Emp
|
$80,567 | $51,050 | $653,042 |
| RYAN MEYER | COO | 40.00 |
Officer
|
$0 | $104,768 | $557,288 |
| RACHELLE MAKINDE MD | DIR; V CHAIR AS OF 12/24; PHYSICIAN | 47.00 |
Officer
Director
|
$489,105 | $55,526 | $544,631 |
| KELLY RICHARDS | CHIEF NURSING OFFICER | 40.00 |
Key Emp
|
$58,939 | $48,284 | $504,948 |
| BRIAN BURNETT MD | DIRECTOR; PHYS - FAMILY MEDICINE | 47.00 |
Director
|
$418,705 | $61,569 | $480,274 |
| TIMOTHY HUBER | ASSISTANT TREASURER; VP OF FINANCE | 40.00 |
Officer
|
$340,743 | $56,525 | $397,268 |
| NANCY SCHAEFER | ASSISTANT SECRETARY; EXEC ASSISTANT | 37.00 |
Officer
|
$72,333 | $5,194 | $77,527 |
| DAVID DEAVER | DIRECTOR; CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SANDRA BENAK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRYAN BURTON | DIRECTOR AS OF 1/25 | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY KERTZ | DIRECTOR AS OF 1/25 | 1.00 |
Director
|
$0 | $0 | $0 |
| ALAN KRUGER | DIRECTOR THROUGH 12/24 | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL TOUSLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $436,425,740 | $406,563,697 | $443,097,341 | $29,862,043 |
| 2024 | No data | No data | No data | No data |
| 2023 | $328,841,980 | $335,820,032 | $225,227,682 | $-6,978,052 |
| 2022 | $319,111,884 | $335,364,281 | $232,340,664 | $-16,252,397 |
| 2021 | $320,935,164 | $307,341,404 | $267,916,696 | $13,593,760 |
| 2020 | $309,717,984 | $298,323,347 | $239,485,789 | $11,394,637 |
| 2019 | $306,203,478 | $301,569,303 | $208,407,389 | $4,634,175 |
| 2018 | $297,895,870 | $311,939,119 | $192,573,835 | $-14,043,249 |
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