Nonprofit · EIN 62-1646734
COVENANT HEALTH
Tax-exempt · KNOXVILLE, TN 37932
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $235,666,950 | $203,004,800 | $32,662,150 | $1,956,038,753 | $1,068,633,289 | $887,405,464 |
| December 31, 2023 | 990 | $207,141,823 | $191,450,181 | $15,691,642 | $1,801,246,321 | $1,110,403,934 | $690,842,387 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $300,000
- Program service revenue
- $172,183,053
- Investment income
- $63,042,227
- Net rental income
- $43,862
- Net gain from sales of assets
- $3,508,472
- Net income from sales of inventory
- $97,808
- Tax-exempt bond proceeds
- $391,058
- Other revenue
- $141,670
Expenses
- Grants and similar amounts paid
- $377,488
- Compensation of officers, directors and key employees
- $11,382,628
- Other salaries and wages
- $79,938,463
- Salaries, compensation and benefits (total)
- $112,878,925
- Professional fundraising fees
- $0
- Legal fees
- $1,625,957
- Accounting fees
- $341,624
- Occupancy
- $1,755,886
- Travel
- $282,084
- Depreciation
- $502,903
- Program services (functional)
- $178,069,437
- Management and general (functional)
- $24,385,773
- Fundraising (functional)
- $549,590
Balance sheet and other
- Total assets, start of year
- $1,801,246,321
- Total assets, end of year
- $1,956,038,753
- Total liabilities, end of year
- $1,068,633,289
- Net assets, end of year
- $887,405,464
- Land, buildings and equipment
- $46,518,114
- Publicly traded securities
- $1,697,884,152
- Net assets without donor restrictions
- $887,405,464
- Gross unrelated business income
- $46,386
- Gross receipts
- $240,319,299
- Employees
- 1,587
- Volunteers
- 19
- Year formed
- 1996
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James D VanderSteeg | President & CEO Trustee or director, Officer | 50 | $2,880,556 | $362,274 |
| Michael R Belbeck Jr | EVP-Hosp Ops Key employee | 50 | $976,075 | $113,223 |
| M Douglas Campbell Jr | General Counsel Key employee | 50 | $874,804 | $124,126 |
| Joseph C Dolan | EVP/CFO Officer | 50 | $861,693 | $105,608 |
| Jon-David Deeson | EVP - Physician Enterprises Key employee | 50 | $693,902 | $92,036 |
| Amanda G Halford MD | SVP - Chief Medical Officer Key employee | 50 | $685,012 | $44,785 |
| Keith N Altshuler | President/CAO - Fort Sanders Reg Highest-paid employee | 0 | $659,599 | $36,837 |
| Debra A Welch | SVP - Human Resources Key employee | 50 | $629,172 | $37,337 |
| William C Clabough | SVP - Chief Development Officer Key employee | 50 | $595,648 | $55,012 |
| Devan C Johnson | President/CAO - Parkwest Highest-paid employee | 0 | $562,166 | $50,375 |
| William M Ward | SVP - Chief Information Officer Key employee | 50 | $546,146 | $46,120 |
| Gordon E Lintz | President/CAO - Morristown-Hamblen Highest-paid employee | 0 | $564,436 | $26,089 |
| Jeremy H Biggs | President/CAO - Methodist Med Ctr Highest-paid employee | 0 | $530,098 | $45,244 |
| Debra R Honey | SVP - Chief Nursing Officer Key employee | 50 | $529,114 | $38,502 |
| Teresa A Giles | Fmr SVP - Finance (through May 2024) Key employee | 50 | $458,845 | $21,194 |
22 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kathleen F Zitzman | Chief Compliance Officer Officer | 50 | $396,574 | $46,864 |
| Wesley C Halford MD | Medical Director Physician Highest-paid employee | 50 | $389,543 | $22,159 |
| Philip V Schmidt | Director - Internal Audit Officer | 50 | $118,339 | $38,873 |
| Leslye Hartsell | Director Trustee or director | 1 | $1,124 | $0 |
| Cosby Stone | Director Trustee or director | 1 | $1,113 | $0 |
| James Tramontana MD | Director Trustee or director | 1 | $1,086 | $0 |
| William Seale | Director Trustee or director | 1 | $1,060 | $0 |
| Stephanie Flood | Director Trustee or director | 1 | $964 | $0 |
| King Purnell | Director/Chair Trustee or director, Officer | 1 | $935 | $0 |
| Joe Sutter | Director Trustee or director | 1 | $881 | $0 |
| Edgar Gray | Director Trustee or director | 1 | $844 | $0 |
| Jorge Sanabria | Director Trustee or director | 1 | $807 | $0 |
| Donald Hickman | Director Trustee or director | 1 | $675 | $0 |
| Timothy Matthews | Director Trustee or director | 1 | $657 | $0 |
| Alvin Nance | Director Trustee or director | 1 | $648 | $0 |
| Mitchell Dickson MD | Director Trustee or director | 1 | $0 | $0 |
| James Gibson | Director Trustee or director | 1 | $0 | $0 |
| Janice McKinley | Director Trustee or director | 1 | $0 | $0 |
| Cletus McMahon MD | Director Trustee or director | 1 | $0 | $0 |
| Dave Miller | Director Trustee or director | 1 | $0 | $0 |
| Bill Myers | Director Trustee or director | 1 | $0 | $0 |
| Linda Ogle | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 43 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| James D VanderSteeg | President & CEO Trustee or director, Officer | 50 | $2,762,691 | $352,568 |
| Michael R Belbeck Jr | EVP-Hosp Ops Key employee | 50 | $939,140 | $107,111 |
| John T Geppi | Fmr EVP/CFO (through June 2023) Officer | 50 | $971,426 | $24,345 |
| M Douglas Campbell Jr | General Counsel Key employee | 50 | $796,852 | $86,044 |
| Keith N Altshuler | President/CAO - Fort Sanders Reg Highest-paid employee | 0 | $637,314 | $34,825 |
| Debra A Welch | SVP - Human Resources Key employee | 50 | $590,477 | $35,325 |
| Amanda G Halford MD | SVP - Chief Medical Officer Key employee | 50 | $573,583 | $41,492 |
| William M Ward | SVP - Chief Information Officer Key employee | 50 | $540,785 | $45,647 |
| Jeremy H Biggs | President/CAO - Methodist Med Ctr Highest-paid employee | 0 | $536,920 | $41,778 |
| Gordon E Lintz | President/CAO - Morristown-Hamblen Highest-paid employee | 0 | $534,235 | $23,597 |
| Debra R Honey | SVP - Chief Nursing Officer Key employee | 50 | $499,380 | $38,823 |
| Teresa A Giles | SVP - Finance Key employee | 50 | $450,424 | $32,807 |
| Jon-David Deeson | EVP - Physician Enterprise Key employee | 50 | $419,835 | $56,624 |
| William C Clabough | SVP - Business Development Key employee | 50 | $458,959 | $13,379 |
| Devan C Johnson | President/CAO - Parkwest Highest-paid employee | 0 | $429,885 | $30,296 |
| Mark W Browne MD | Fmr SVP - CMO (through June 2023) Key employee | 50 | $421,387 | $22,956 |
| Kathleen F Zitzman | Chief Compliance Officer Officer | 50 | $388,360 | $43,254 |
| Wesley C Halford | Medical Director Physician Advisor Highest-paid employee | 50 | $378,528 | $20,202 |
| Joseph C Dolan | EVP/CFO Officer | 50 | $358,890 | $38,564 |
| Lucas D Johnson Sr | Fmr EVP - Phys Ent(through Jan 2023) Key employee | 50 | $337,127 | $12,902 |
| Philip V Schmidt | Director - Internal Audit Officer | 50 | $114,854 | $36,017 |
| King Purnell | Director/Chair Trustee or director, Officer | 1 | $1,630 | $0 |
| Cosby Stone | Director Trustee or director | 1 | $1,595 | $0 |
| Donald Hickman | Director Trustee or director | 1 | $1,498 | $0 |
| Joe Sutter | Director Trustee or director | 1 | $1,462 | $0 |
| William Seale | Director Trustee or director | 1 | $1,321 | $0 |
| Jorge Sanabria | Director Trustee or director | 1 | $1,234 | $0 |
| Janice McKinley | Director Trustee or director | 1 | $1,222 | $0 |
| Timothy Matthews | Director Trustee or director | 1 | $1,196 | $0 |
| James Tramontana MD | Director Trustee or director | 1 | $1,196 | $0 |
| Edgar Gray | Director Trustee or director | 1 | $1,054 | $0 |
| Dave Miller | Director Trustee or director | 1 | $1,044 | $0 |
| Alvin Nance | Director Trustee or director | 1 | $1,044 | $0 |
| Leslye Hartsell | Director Trustee or director | 1 | $1,027 | $0 |
| James Gibson | Director Trustee or director | 1 | $1,008 | $0 |
| Gerald Boyd | Director Trustee or director | 1 | $977 | $0 |
| Stephanie Flood | Director Trustee or director | 1 | $808 | $0 |
| Mitchell Dickson MD | Director Trustee or director | 1 | $796 | $0 |
| Willard Campbell MD | Director Trustee or director | 1 | $0 | $0 |
| Michael Casey MD | Director Trustee or director | 1 | $0 | $0 |
| Ronni Chandler | Fmr Director (through June 2023) Trustee or director | 1 | $0 | $0 |
| Bill Myers | Director Trustee or director | 1 | $0 | $0 |
| Linda Ogle | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1420 CENTERPOINT BLVD BLDG C, KNOXVILLE, TN 37932-1960
- In care of
- % AMY DELONG TAX DEPARTMENT
- Principal officer (990 for 2024)
- James D VanderSteeg, 244 Ft Sanders W Blvd, Knoxville, TN 37922
- Signed the 990
- Joseph C Dolan, EVP/CFO
- Phone
- (865) 374-5329
Mission
Covenant Health supports its member hospitals and other organizations (see Schedule A) serve the community by improving the quality of life through better health, regardless of a patient's ability to pay.
Program accomplishments
- Covenant Health is a community-owned, clinically integrated healthcare enterprise dedicated to being the region's premier healthcare network through service, community and innovation. Our mission is to improve the quality of life in our region through better health. Covenant Health provides patient-centered care that inspires clinical and service excellence and strives to be the first and best choice for the communities we serve. Established in 1996 by the consolidation of Fort Sanders Health System, Knoxville, Tennessee, and MMC HealthCare System in Oak Ridge, Covenant Health is governed by a voluntary board of directors composed of community leaders and medical professionals. With more than 11,000 employees, affiliated physicians and volunteers, Covenant Health is the Knoxville area's largest employer and has been named a top employer by Forbes and Becker's Hospital Review. Covenant Health serves a 25-county area and includes nine acute care hospitals in East Tennessee: Fort Sanders Regional Medical Center and Parkwest Medical Center in Knoxville, Methodist Medical Center of Oak Ridge, Fort Loudoun Medical Center in Lenoir City, LeConte Medical Center in Sevierville, Morristown-Hamblen Healthcare System in Morristown, Roane Medical Center in Harriman, Claiborne Medical Center in Tazewell and Cumberland Medical Center in Crossville. It also includes Peninsula, a division of Parkwest Medical Center. Peninsula provides behavioral health services at an inpatient hospital in Blount County and at outpatient locations in Knox, Blount, Loudon, and Sevier counties. The health system includes Covenant Medical Group, which serves patients at more than 90 office and clinic locations. CMG providers include primary care physicians and specialists in areas such as cardiology, gastroenterology, neurology, surgery, and other medical specialties. Covenant Health employs nearly 450 physicians and advanced practice clinicians throughout East Tennessee. Affiliated organizations include Thompson Cancer Survival Center, Thompson Oncology Group, Fortress Corporation and Subsidiaries, Covenant HomeCare, and Fort Sanders Perinatal Center. Covenant Health also operates Thompson Proton Center and offers innovative services such as Advanced Care at Home. Philanthropic organizations include Covenant Health Foundation and Thompson Cancer Survival Center Foundation in Knoxville, Methodist Medical Center Foundation in Oak Ridge, Dr. Robert F. Thomas Foundation in Sevierville, and Morristown-Hamblen Hospital Foundation in Morristown. Funds raised by the foundations provide services, equipment and other resources to enhance patient care.SERVICECovenant Health's various system-level divisions operationally support and facilitate the health system's not-for-profit mission of improving the region's quality of life through better health. These divisions include information technology, business office and health information management, along with system-wide departments such as human resources, learning and leadership development, and others.Expenses $178,069,437 · grants $377,488 · revenue $231,812,092
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1646734
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E210)
- Assets (IRS master file)
- $1,956,038,753
- Income (IRS master file)
- $240,319,299
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $235,666,950 | $203,004,800 | $1,956,038,753 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $207,141,823 | $191,450,181 | $1,801,246,321 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $220,269,899 | $180,206,350 | $1,741,953,217 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1646734).
Questions about COVENANT HEALTH
- What is the EIN of COVENANT HEALTH?
- The employer identification number (EIN) of COVENANT HEALTH is 62-1646734.
- Is COVENANT HEALTH tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to COVENANT HEALTH tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does COVENANT HEALTH file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of COVENANT HEALTH due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT HEALTH last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COVENANT HEALTH?
- The 990 for the year ended December 31, 2024 names James D VanderSteeg.
- Who are the officers and directors of COVENANT HEALTH?
- The 990 for the year ended December 31, 2024 lists 37 people; 30 received compensation from the organization, the highest $2,880,556 (James D VanderSteeg, President & CEO).
- How much revenue does COVENANT HEALTH have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $235,666,950, expenses of $203,004,800 and total assets of $1,956,038,753 at year end.
Other nonprofits in KNOXVILLE
- UNIVERSITY HEALTH SYSTEM INC EIN 31-1626179 · last filed 990 for 2024
- PARKWEST MEDICAL CENTER EIN 58-1897274 · last filed 990 for 2024
- FORT SANDERS REGIONAL MEDICAL CENTER EIN 62-0528340 · last filed 990 for 2024
- EAST TENNESSEE CHILDRENS HOSPITAL ASSOCIATION INC EIN 62-6002604 · last filed 990 for 2025
- METHODIST MEDICAL CENTER EIN 62-0636239 · last filed 990 for 2024
- MORRISTOWN HAMBLEN HOSP EIN 62-0545814 · last filed 990 for 2024
- LECONTE MEDICAL CENTER EIN 62-1114867 · last filed 990 for 2024
- CUMBERLAND MEDICAL CENTER INC EIN 62-0790132 · last filed 990 for 2024