COVENANT MEDICAL GROUP (EIN 752743883) - 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

1997

Legal Domicile

Principal Officer

KRISTEN KOTHMANN

Phone

8067259800

Tax Period

2023-01-01 to 2023-12-31

COVENANT MEDICAL GROUP, founded in 1997, is a major nonprofit in the Health Care sector that reported $187.1M in total revenue in fiscal year 2023.

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.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $187,118,348

Investment Income $12,011

Other Revenue $0

TOTAL REVENUE $187,130,359

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,281,038

Fundraising Expenses $0

Program Expenses $176,282,391

Other Expenses $41,837,310

TOTAL EXPENSES $187,118,348

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,130,359	$174,081,657	+0.1%
Expenses	$187,118,348	$173,978,380	+0.1%
Net Income	$12,011	$103,277	-0.9%

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

N/A

Employees

1234

Volunteers

N/A

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

$1,704,392

Total Directors

$9,995,047

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IBRAHIM SHALABY MD	BOARD MEMBER	50.00	Director	$997,755	$103,583	$1,101,338
KYLER BARKLEY MD	BOARD MEMBER	50.00	Director	$968,010	$76,767	$1,044,777
DAVID BLANN MD	BOARD MEMBER	50.00	Director	$939,219	$80,663	$1,019,882
BRIAN WILLIAMS MD	BOARD MEMBER/CHAIR - THRU 12/31/23	50.00	Director	$815,107	$90,928	$906,035
JOHN HANNA MD	BOARD MEMBER	50.00	Director	$785,138	$75,514	$860,652
SERGIO LARA MD	BOARD MEMBER	50.00	Director	$793,162	$60,160	$853,322
RYAN OWEN MD	BOARD MEMBER	50.00	Director	$750,749	$64,707	$815,456
PAUL WALTER MD	BOARD MEMBER/CMO	50.00	Officer Director	$674,242	$93,828	$768,070
SCOTT LETBETTER MD	BOARD MEMBER	50.00	Director	$583,461	$73,625	$657,086
JEREMY DALTON MD	BOARD MEMBER/VICE CHAIR	50.00	Director	$606,212	$49,626	$655,838
AMY HENNING DO	BOARD MEMBER	50.00	Director	$595,651	$27,115	$622,766
KAREN TALUSAN-SORIANO MD	BOARD MEMBER	50.00	Director	$306,694	$63,553	$370,247
CHRISTOPHER COTTON MD	BOARD MEMBER - THRU 12/31/23	50.00	Director	$260,143	$59,435	$319,578
KRISTEN KOTHMANN	CMG CEO	55.00	Officer	$584,424	$90,992	$675,416
ADAM SPIVEY	CFO - THRU 11/23	14.00	Officer	$0	$30,940	$260,906
MOHAMMAD OTAHBACHI MD	PHYSICIAN	50.00	Highest	$1,780,396	$131,709	$1,912,105
ANDREW ROBINSON MD	PHYSICIAN	50.00	Highest	$1,430,565	$126,110	$1,556,675
RAMAKRISHNAN RANGANATH MD	PHYSICIAN	50.00	Highest	$1,404,516	$89,065	$1,493,581
ROBERT SCRANTON	PHYSICIAN	50.00	Highest	$1,284,811	$80,568	$1,365,379
JEFFERSON MURPHREE	PHYSICIAN	50.00	Highest	$1,290,398	$62,423	$1,352,821

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
2024	No data	No data	No data	No data
2023	$187,130,359	$187,118,348	$66,261,334	$12,011
2022	$174,081,657	$173,978,380	$128,517,327	$103,277
2021	$175,229,421	$175,221,125	$85,719,045	$8,296
2020	$160,772,526	$160,724,967	$77,160,531	$47,559
2019	$166,924,359	$166,783,351	$66,787,141	$141,008
2018	$145,358,015	$176,639,850	$58,046,556	$-31,281,835

COVENANT MEDICAL GROUP