Nonprofit · EIN 75-2765566
COVENANT HEALTH SYSTEM
Tax-exempt · RENTON, WA 98057
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $113,759,127 | $115,571,834 | -$1,812,707 | $199,139,169 | $423,215,981 | -$224,076,812 |
| December 31, 2023 | 990 | $101,706,790 | $93,736,511 | $7,970,279 | $251,526,995 | $389,678,365 | -$138,151,370 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,101,705
- Program service revenue
- $18,483,057
- Investment income
- $4,039,587
- Net rental income
- $6,456,123
- Net gain from sales of assets
- $685,184
- Other revenue
- $89,134,778
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $33,745,957
- Salaries, compensation and benefits (total)
- $45,319,756
- Professional fundraising fees
- $0
- Legal fees
- $2,729,652
- Occupancy
- $13,301,662
- Travel
- $561,612
- Depreciation
- $12,662,768
- Program services (functional)
- $70,008,385
- Management and general (functional)
- $45,559,417
- Fundraising (functional)
- $4,032
Balance sheet and other
- Total assets, start of year
- $251,526,995
- Total assets, end of year
- $199,139,169
- Total liabilities, end of year
- $423,215,981
- Net assets, end of year
- -$224,076,812
- Land, buildings and equipment
- $113,245,165
- Publicly traded securities
- $31,159,144
- Net assets without donor restrictions
- -$224,076,812
- Gross unrelated business income
- $303,435
- Gross receipts
- $123,317,094
- Employees
- 635
- Volunteers
- 56
- Year formed
- 1998
- State of legal domicile
- TX
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOEL GILBERTSON | DIVISION CHIEF EXEC - CENTRAL Key employee | 16 | $0 | $2,511,979 | $317,836 |
| SCOTT O'BRIEN | FRMR KE - CE EASTERN WA/MT Former | 0 | $0 | $1,441,016 | $201,616 |
| WALTER CATHEY | PRESIDENT/CEO Trustee or director, Officer | 27 | $0 | $1,276,030 | $205,579 |
| MELISSA DAMM | DIVISION CFO - CENTRAL Key employee | 13.8 | $0 | $863,710 | $109,927 |
| KERRY HENDERSHOT MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $777,044 | $65,923 |
| JOHN GRIGSON | FRMR OFF. - TX/NM REG. CFO Former | 0 | $0 | $545,688 | $0 |
| BRUCE WHITE | VP REGIONAL RURAL ADMINISTRATOR Highest-paid employee | 49.5 | $440,588 | $0 | $73,911 |
| JAMES KELLY | FRMR OFF. - VP SENIOR CORP COUNSEL Former | 0 | $0 | $495,773 | $13,669 |
| DAVID SHAW | VP NM HOSPITAL ADMINISTRATOR Highest-paid employee | 50 | $407,595 | $0 | $45,376 |
| STEVEN BECK | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 50 | $361,366 | $0 | $32,218 |
| RICHARD PARKS | FRMR OFF - TX/NM REG. CE Former | 0 | $0 | $388,482 | $208 |
| DYANA KERR | REGIONAL CFO Officer | 55 | $0 | $336,855 | $38,627 |
| LINDY LAUDERDALE | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 50 | $291,110 | $0 | $42,250 |
| WESLEY WELLS | EXECUTIVE DIRECTOR PHARMACY Highest-paid employee | 50 | $242,822 | $0 | $23,310 |
| KATHLEEN BURRELL | SECR. CHIEF GOVERNANCE OFF. Officer | 49.5 | $0 | $164,613 | $15,437 |
14 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CHRISTOPHER SNEAD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID QUINTANILLA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| DAVID WEAVER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| GABE VITELA | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JORGE RAMIREZ | BOARD MEMBER Trustee or director | 0.5 | $0 |
| JOSHUA HILL MD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| KIM TURNER | BOARD MEMBER/VICE CHAIR Trustee or director | 1 | $0 |
| LINDSAY COOPER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SAMMY DEEB MD | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SISTER CHRISTINE RAY CSJ | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SISTER MARIAN SCHUBERT CSJ | BOARD MEMBER Trustee or director | 0.5 | $0 |
| SYDNEY HOPPER | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TRAVIS FUNK | BOARD MEMBER/CHAIR Trustee or director | 1 | $0 |
| TROY TUCKER | BOARD MEMBER Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 32 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOEL GILBERTSON | DIVISION CHIEF EXEC - CENTRAL Key employee | 16 | $0 | $2,833,809 | $333,262 |
| RICHARD PARKS | FRMR OFF EXEC. ADVISOR Former | 0 | $0 | $1,785,594 | $37,055 |
| SCOTT O'BRIEN | DIVISION COO - CENTRAL Key employee | 14 | $0 | $1,573,113 | $208,371 |
| WALTER CATHEY | REG CE - WEST TX/EASTERN NM Officer | 18 | $0 | $1,442,423 | $203,418 |
| JOHN GRIGSON | REGIONAL CFO - THRU 3/23 Officer | 54.5 | $0 | $1,026,044 | $31,533 |
| MELISSA DAMM | DIVISION CFO - CENTRAL Key employee | 14 | $0 | $880,981 | $117,526 |
| CRAIG RHYNE MD | REGIONAL CHIEF MEDICAL OFFICER Highest-paid employee | 50 | $964,696 | $0 | $0 |
| JAMES KELLY | FRMR OFF. - VP SENIOR CORP COUNSEL Former | 0 | $0 | $704,260 | $104,422 |
| KERRY HENDERSHOT MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $699,788 | $75,054 |
| BRUCE WHITE | VP REGIONAL RURAL ADMINISTRATOR Highest-paid employee | 25 | $462,155 | $0 | $67,774 |
| CHRISTINE SHAVER | FRMR KE - VP CHIEF HR - COVHS Former | 0 | $0 | $439,514 | $67,941 |
| DAVID SHAW | VP NM HOSPITAL ADMINISTRATOR Highest-paid employee | 50 | $394,214 | $0 | $37,295 |
| STEVEN BECK | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 50 | $400,379 | $0 | $14,963 |
| DYANA KERR | REGIONAL CFO (PART YEAR) Officer | 27.5 | $0 | $345,925 | $64,209 |
| LINDY LAUDERDALE | CHIEF ADMINISTRATIVE OFFICER Highest-paid employee | 50 | $299,090 | $0 | $37,279 |
| KATHLEEN BURRELL | SECR. CHIEF GOVERNANCE OFF. (PT YR) Officer | 7 | $0 | $162,384 | $31,334 |
| LINDZI TIMBERLAKE | SECR./CHIEF GOV. OFF. - THRU 2/23 Officer | 47.5 | $0 | $40,288 | $3,401 |
| BRIAN BRUENING MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| CHRISTOPHER SNEAD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID QUINTANILLA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| DAVID WEAVER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| GABE VITELA | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JORGE RAMIREZ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| JOSHUA HILL MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| KIM TURNER | BOARD MEMBER/VICE CHAIR Trustee or director | 0.5 | $0 | $0 | $0 |
| LINDSAY COOPER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| PHEBE ELLIS-ROACH | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SAMMY DEEB MD | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SISTER CHRISTINE RAY CSJ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| SISTER MARIAN SCHUBERT CSJ | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
| TRAVIS FUNK | BOARD MEMBER/CHAIR Trustee or director | 1 | $0 | $0 | $0 |
| TROY TUCKER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA 98057-3368
- In care of
- % DYANA KERR
- Principal officer (990 for 2024)
- WALTER CATHEY, 3615 19TH STREET, LUBBOCK, TX 794101203
- Signed the 990
- DYANA KERR, CFO
- Phone
- (806) 725-0000
- Return prepared by
- ERNST & YOUNG US LLP
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 accomplishments
- SEE SCHEDULE OExpenses $70,008,385 · revenue $101,161,712
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
- 75-2765566
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E210)
- Assets (IRS master file)
- $199,139,169
- Income (IRS master file)
- $123,317,094
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $113,759,127 | $115,571,834 | $199,139,169 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $101,706,790 | $93,736,511 | $251,526,995 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $124,698,924 | $115,856,089 | $88,236,720 | 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 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 75-2765566).
Questions about COVENANT HEALTH SYSTEM
- What is the EIN of COVENANT HEALTH SYSTEM?
- The employer identification number (EIN) of COVENANT HEALTH SYSTEM is 75-2765566.
- Is COVENANT HEALTH SYSTEM tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to COVENANT HEALTH SYSTEM tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVENANT HEALTH SYSTEM 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 SYSTEM 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 SYSTEM 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 SYSTEM?
- The 990 for the year ended December 31, 2024 names WALTER CATHEY.
- Who are the officers and directors of COVENANT HEALTH SYSTEM?
- The 990 for the year ended December 31, 2024 lists 29 people; 5 received compensation from the organization.
- How much revenue does COVENANT HEALTH SYSTEM have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $113,759,127, expenses of $115,571,834 and total assets of $199,139,169 at year end.
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