RENTON, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COVENANT ACO INC, founded in 2007, is a small nonprofit in the Health Care sector that reported $487K in total revenue in fiscal year 2023.
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.
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...
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 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 117,000 CAREGIVERS (ALL EMPLOYEES) SERVE IN 51 HOSPITALS, 1,000 CLINICS AND A COMPREHENSIVE RANGE OF HEALTH AND SOCIAL SERVICES ACROSS ALASKA, CALIFORNIA, MONTANA, NEW MEXICO, OREGON, TEXAS AND WASHINGTON. THE PROVIDENCE FAMILY INCLUDES:-PROVIDENCE ACROSS SEVEN WESTERN STATES-COVENANT HEALTH IN WEST TEXAS-PROVIDENCE FACEY MEDICAL FOUNDATION IN LOS ANGELES, CA-KADLEC IN SOUTHEAST WASHINGTON-PACIFIC MEDICAL CENTERS IN SEATTLE, WA-SWEDISH HEALTH SERVICES IN SEATTLE, WA AS A COMPREHENSIVE HEALTH CARE ORGANIZATION, WE ARE SERVING MORE PEOPLE, ADVANCING BEST PRACTICES AND CONTINUING OUR MORE THAN 100-YEAR TRADITION OF SERVING THE POOR AND VULNERABLE. DELIVERING SERVICES ACROSS SEVEN STATES, PROVIDENCE IS COMMITTED TO TOUCHING MILLIONS OF MORE LIVES AND ENHANCING THE HEALTH OF THE AMERICAN WEST TO TRANSFORM CARE FOR THE NEXT GENERATION AND BEYOND.THROUGH COMMUNITY BENEFIT PROGRAMS AND OTHER HIGH-IMPACT INVESTMENTS, WE WORK TO ENSURE BASIC HEALTH NEEDS ARE MET AND SERVE TO REMOVE BARRIERS TO CARE, BUILD COMMUNITY RESILIENCE AND INNOVATE FOR THE FUTURE. MINISTRIES AND AFFILIATES 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 ACROSS SEVEN STATES.WE ARE PROUD OF OUR HISTORY AND CONTINUED COMMITMENT TO HELPING BUILD A MORE EQUITABLE, SUSTAINABLE FUTURE. OUR STEADFAST COMMITMENT TO RESPONDING TO COMMUNITY NEED IS ONE OF THE MANY WAYS MINISTRIES, AFFILIATES AND CAREGIVERS LIVE OUT OUR SHARED MISSION AND CONTINUE TO SERVE AS A VITAL SAFETY NET FOR THOSE WHO ARE VULNERABLE.FOR MORE INFORMATION GO TO: HTTPS://WWW.PROVIDENCE.ORG/ABOUT/ANNUAL-REPORTENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDSPROVIDENCE CONTINUES TO EXECUTE ON OUR INTEGRATED STRATEGIC AND FINANCIAL PLAN, WHICH CLEARLY EXPRESSES OUR COMMITMENT AND ACCELERATION OF THE IMPORTANT WORK TO ADDRESS SOCIAL, RACIAL, AND ECONOMIC DISPARITIES AND REDUCE OUR CARBON FOOTPRINT IN THE COMMUNITIES WE SERVE. PROVIDENCE ADVANCES PROGRESS ON OUR CARBON NEGATIVE GOAL AND IN 2023 WE ESTIMATED THAT WE DECREASED EMISSIONS BY OVER 12 PERCENT COMPARED TO OUR 2019 BASELINE. IN ADDITION, OUR EFFORTS LED TO THE INTRODUCTION OF THE GREEN HOSPITALS ACT, LEGISLATION MODELED AFTER PROVIDENCE THAT WOULD PROVIDE CRITICAL FEDERAL FUNDING TO WEATHERIZE AND MODERNIZE HEALTH CARE FACILITIES. PROVIDENCE COMPLETED A COMPREHENSIVE CLIMATE RESILIENCE PLAN IN ALIGNMENT WITH OUR COMMITMENT TO THE US DEPARTMENT OF HEALTH AND HUMAN SERVICES CLIMATE PLEDGE. WE CONTINUE TO REDUCE GREENHOUSE GAS EMISSIONS WITH A FOCUS ON LED LIGHTING UPGRADES, WATER CONSERVATION, MORE EFFICIENT DELIVERY OF NITROUS OXIDE GAS DURING ANESTHESIA, AND ADVANCING OUR WASTE OPTIMIZATION WORK ACROSS ALL HOSPITALS AND CLINICS.PROGRAM SERVICE ACCOMPLISHMENTSCOVENANT ACO, INC., A TEXAS NONPROFIT CORPORATION ("COVENANT ACO"), IS A PHYSICIAN-GOVERNED ENTITY ORGANIZED TO PARTICIPATE AS AN ACCOUNTABLE CARE ORGANIZATION ("ACO") IN THE MEDICARE SHARED SAVINGS PROGRAM ("MSSP"), WHERE GROUPS OF DOCTORS AND OTHER HEALTH CARE PROVIDERS VOLUNTARILY WORK TOGETHER WITH MEDICARE TO GIVE HIGH QUALITY SERVICE TO MEDICARE FEE-FOR-SERVICE BENEFICIARIES. COVENANT ACO AIMS TO IMPROVE PATIENT OUTCOMES AND ENRICH THE HEALTHCARE EXPERIENCE BY PROVIDING BETTER CARE FOR INDIVIDUALS AND LOWERING HEALTHCARE EXPENSES.FOR MORE INFORMATION ABOUT COVENANT ACO, INC., PLEASE VISIT WWW.COVENANTHEALTHPARTNERS.ORGFOR MORE INFORMATION ABOUT PROVIDENCE ST. JOSEPH HEALTH, PLEASE VISIT WWW.PROVIDENCE.OR
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $486,519 | $511,909 | 0.0% |
| Expenses | $486,519 | $492,011 | 0.0% |
| Net Income | $0 | $19,898 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| NILESH PATEL MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $102,320 | $1,056,348 |
| JASON STREFLING MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $66,737 | $953,345 |
| RYAN OWEN MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $64,707 | $815,456 |
| RICHARD HENDERSON MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $87,076 | $770,536 |
| JEREMY DALTON MD | BOARD MEMBER (PART YEAR) | 0.50 |
Director
|
$0 | $49,626 | $655,838 |
| CHETLEN CROSSNOE MD | BOARD MEMBER/VICE CHAIR | 1.00 |
Director
|
$0 | $22,757 | $454,435 |
| JEFFREY HANNEL MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $47,858 | $448,615 |
| JEREMY L BROWN MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $72,052 | $447,504 |
| WILLIAM B SNODGRASS MD | BOARD MEMBER/CHAIR | 1.00 |
Officer
Director
|
$0 | $41,709 | $425,613 |
| CHRISTOPHER COLLINS MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $18,812 | $388,859 |
| KAREN TALUSAN-SORIANO MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $63,553 | $370,247 |
| BRENT NALL MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $35,158 | $366,840 |
| JOEL LANDRY | BOARD MEMBER | 0.50 |
Director
|
$0 | $37,722 | $314,151 |
| MARISSA YATES MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $38,497 | $297,553 |
| ANGELA FERGUSON MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $39,955 | $251,872 |
| JOSHUA HILL MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| RANDY ROZEAN MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| SWETHA GADWALA MD | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| WALTER CATHEY | CEO (PART YEAR) | 18.00 |
Officer
|
$0 | $203,418 | $1,645,841 |
| JOHN GRIGSON | REGIONAL CFO - THRU 3/23 | 0.50 |
Officer
|
$0 | $31,533 | $1,057,577 |
| MICHAEL ROBERTSON MD | CEO - THRU 11/23 | 27.50 |
Officer
|
$0 | $39,691 | $525,865 |
| ADAM SPIVEY | CFO - THRU 11/23 | 14.00 |
Officer
|
$0 | $30,940 | $260,906 |
| KATHLEEN BURRELL | SECR./ASSOCIATE COUNSEL (PART YEAR) | 7.00 |
Officer
|
$0 | $31,334 | $193,718 |
| JAMES KELLY | FRMR OFF. - VP SENIOR CORP COUNSEL | 0.00 |
|
$0 | $104,422 | $808,682 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $486,519 | $486,519 | $5,890,648 | No data |
| 2022 | $511,909 | $492,011 | $2,847,235 | $19,898 |
| 2021 | $4,800 | $8,575 | $5,133,306 | $-3,775 |
| 2020 | $580,815 | $1,137,753 | $3,063,542 | $-556,938 |
| 2019 | $591,745 | $1,150,799 | $3,608,436 | $-559,054 |
| 2018 | $397,949 | $773,413 | $3,189,957 | $-375,464 |
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