COVENANT HEALTH SYSTEM FOUNDATION

EIN: 752897026 501(c)(3) Health Care

LUBBOCK, TX

Total Revenue
$5,844,452
Total Expenses
$11,093,856
Total Assets
$62,184,338
Net Assets
$53,483,524
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
TX
Principal Officer
STEPHEN CRISMAN
Phone
8067256089
Tax Period
2023-01-01 to 2023-12-31

COVENANT HEALTH SYSTEM FOUNDATION, founded in 2000, is a community nonprofit in the Health Care sector that reported $5.8M in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $11.1M exceeded revenue, resulting in a 90% operating deficit.

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.

Program Service Accomplishments

Program 1
Expenses: $8,883,283 Revenue: $0

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...

Read more

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-REPORT ENVIRONMENTAL, SOCIAL, AND GOVERNANCE STANDARDS PROVIDENCE 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 ACCOMPLISHMENTS HOSPICE CHARITY CARE - EACH YEAR, THE FOUNDATION GARNERS PHILANTHROPIC DOLLARS FOR USE IN SUPPORT OF CARE FOR THOSE WHO OTHERWISE COULD NOT AFFORD END-OF-LIFE CARE. NURSING SCHOLARSHIPS - VARIOUS EDUCATIONAL SCHOLARSHIPS FOR COVENANT NURSING SCHOOL STUDENTS AND CONTINUING MEDICAL EDUCATIONAL COURSES FOR WORKING NURSES ARE PROVIDED THROUGH THE FOUNDATION. EACH YEAR MANY STUDENTS IN THE COVENANT SCHOOL OF NURSING ARE GRANTED SCHOLARSHIPS. EQUIPMENT FUND - COVENANT HEALTH SYSTEM FOUNDATION RAISES FUNDS IN ORDER THAT PHYSICIANS, NURSES, AND OTHER STAFF MEMBERS HAVE THE BEST EQUIPMENT, FACILITIES, AND SERVICE SUPPORT AVAILABLE FOR THE NEEDS OF OUR PATIENTS. FUNDS RAISED SUPPLEMENT THE BUDGET OF THE HOSPITAL AND ALLOW FOR ADDITIONAL EQUIPMENT, FACILITY ENHANCEMENTS, AND PROGRAM SUPPORT IN ANY GIVEN YEAR. MANY CRITICAL PIECES OF EQUIPMENT AND PROGRAM ENHANCEMENTS WERE PURCHASED IN 2023, INCLUDING: ESTABLISHING A NEW OUTPATIENT PEDIATRIC RELATIONAL HEALTH PROGRAM, PURCHASING A NEW PEDIATRIC AMBULANCE, SECURING A DAVINCI ROBOT IN PLAINVIEW, RENOVATING THE PLAINVIEW HOSPITAL 1ST FLOOR, INVESTING IN A NEW CLASSROOM FOR THE HOSPITAL BASED SCHOOL AT CHILDREN'S, UPGRADING NICVIEW CAMERAS IN THE NICU, PURCHASING A BIPLANE FOR COVENANT MEDICAL CENTER, AND UPGRADING THE MAMMOGRAPHY MACHINE AT JOE ARRINGTON CANCER CENTER. THESE HIGHLIGHTS REPRESENT THE LIFESAVING WORK TAKING PLACE IN COVENANT'S MINISTRIES EVERYDAY. FOR MORE INFORMATION ABOUT COVENANT HEALTH SYSTEM FOUNDATION, PLEASE VISIT HTTPS://WWW.COVENANTHEALTH.ORG/COVENANT-HEALTH-FOUNDATION/

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,779,057
Program Service Revenue $0
Investment Income $251,646
Other Revenue $-186,251
TOTAL REVENUE $5,844,452

Expense Breakdown

Grants Paid $8,883,283
Salaries & Benefits $1,370,699
Fundraising Expenses $176,664
Program Expenses $8,883,283
Other Expenses $839,874
TOTAL EXPENSES $11,093,856

Year-over-Year Comparison

2023 2022 Change
Revenue $5,844,452 $11,537,118 -0.5%
Expenses $11,093,856 $7,152,443 +0.6%
Net Income $-5,249,404 $4,384,675 -2.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
35
Independent Members
29
Employees
15
Volunteers
116

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
6
$331,797
Total Directors
35
$4,540,981
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BLANN MD BOARD MEMBER 0.50
Director
$0 $80,663 $1,019,882
GABRIEL AXELRUD MD BOARD MEMBER 0.50
Director
$0 $65,534 $923,231
RYAN OWEN MD BOARD MEMBER 0.50
Director
$0 $64,707 $815,456
THOMAS WINDISCH MD BOARD MEMBER 0.50
Director
$0 $55,102 $794,777
JEREMY DALTON MD BOARD MEMBER 0.50
Director
$0 $49,626 $655,838
STEPHEN CRISMAN PRESIDENT/BOARD MEMBER 50.00
Officer Director
$285,604 $46,193 $331,797
AMY PUNCHARD BOARD MEMBER 0.50
Director
$0 $0 $0
ANDREA WILSON BOARD MEMBER - THRU 12/31/23 0.50
Director
$0 $0 $0
BILL RICHARDS BOARD MEMBER 0.50
Director
$0 $0 $0
BRICE FOSTER BOARD MEMBER/CHAIR 1.00
Officer Director
$0 $0 $0
CAROLYN WILKERSON BOARD MEMBER/SECRETARY 1.00
Officer Director
$0 $0 $0
CATHY PORTER BOARD MEMBER 0.50
Director
$0 $0 $0
CHAD HENTHORN BOARD MEMBER/VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHAD HILL BOARD MEMBER/FINANCE CHAIR/TREASURER 1.00
Officer Director
$0 $0 $0
CINDY GILSTRAP BOARD MEMBER 0.50
Director
$0 $0 $0
CLARK LAMMERT BOARD MEMBER 0.50
Director
$0 $0 $0
DANA MADISON BOARD MEMBER/VICE CHAIR 1.00
Officer Director
$0 $0 $0
ELESHA TUCKER BOARD MEMBER 0.50
Director
$0 $0 $0
EVAN SANFORD BOARD MEMBER - THRU 12/31/23 0.50
Director
$0 $0 $0
JAMES CONWRIGHT BOARD MEMBER/FINANCE VICE CHAIR 1.00
Director
$0 $0 $0
JOHN OPPERMAN BOARD MEMBER 0.50
Director
$0 $0 $0
KATIE SALTER BOARD MEMBER - THRU 12/31/23 0.50
Director
$0 $0 $0
KEITH MANN BOARD MEMBER 0.50
Director
$0 $0 $0
KIM FLENNIKEN BOARD MEMBER 0.50
Director
$0 $0 $0
LEE TURNER BOARD MEMBER - THRU 12/31/23 0.50
Director
$0 $0 $0
LORY IOPPOLO BOARD MEMBER 0.50
Director
$0 $0 $0
MARISA SCHEEF BOARD MEMBER - THRU 12/31/23 0.50
Director
$0 $0 $0
MICHAEL TATUM BOARD MEMBER 0.50
Director
$0 $0 $0
NANCY TREVINO BOARD MEMBER 0.50
Director
$0 $0 $0
RENEE DAVIS BOARD MEMBER 0.50
Director
$0 $0 $0
RUSSELL THOMASSON BOARD MEMBER 0.50
Director
$0 $0 $0
SIDNEY HOOPER BOARD MEMBER 0.50
Director
$0 $0 $0
SOMMER SANFORD JANES BOARD MEMBER 0.50
Director
$0 $0 $0
SWETHA GADWALA MD BOARD MEMBER - THRU 12/31/23 0.50
Director
$0 $0 $0
VINCE VASQUEZ BOARD MEMBER 0.50
Director
$0 $0 $0
EMILY YOUNG SENIOR DIRECTOR PHILANTHROPY 50.00
Highest
$135,064 $23,714 $158,778
BEVIN ENGLAND SENIOR PHILANTHROPY OFFICER 50.00
Highest
$115,352 $22,169 $137,521
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 $5,844,452 $11,093,856 $62,184,338 $-5,249,404
2022 $11,537,118 $7,152,443 $55,494,000 $4,384,675
2021 $11,499,437 $12,467,520 $55,699,431 $-968,083
2020 $7,534,425 $8,237,406 $53,868,205 $-702,981
2019 $10,842,025 $11,606,106 $55,042,701 $-764,081
2018 $8,260,158 $6,710,374 $46,798,280 $1,549,784
Explore More Nonprofits
Top 100 Nonprofits in Texas Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare COVENANT HEALTH SYSTEM FOUNDATION with other nonprofits in Texas and across the country.