Civic Intelligence

Covenant Medical Center Inc

EIN 38-3369438 • 501(c)3 • Saginaw, MI

View Organization Page

Profile

To provide diverse medical care to meet the health care needs of the 14 counties in east central michigan we serve.

Refreshing map…

1447 N HarrisonSaginaw, MI 48602

www.covenanthealthcare.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

57th percentile

0.36x

Higher debt load relative to assets than 57% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

0.38x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Net Margin

46th percentile

2.9%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Top Officer Pay

81st percentile

$2,077,878

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2024

Asset Growth

54th percentile

6.9%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Revenue Growth

35th percentile

4.7%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets57th percentile

Assets

Up

$811,272,319

Up $4,536,768 (+0.6%) from 2022

Liabilities

Down

$308,717,601

Down $14,955,009 (-4.6%) from 2022

Net Assets

Up

$502,554,718

Up $19,491,777 (+4.0%) from 2022

Operations
Liabilities / Revenue42nd percentileNet Margin46th percentile

Revenue

Up

$793,294,499

Up $6,198,408 (+0.8%) from 2022

Expenses

Down

$777,451,585

Down $13,027,130 (-1.6%) from 2022

Net Income

Up

$15,842,914

Up $19,225,538 (+568%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $475,168,932Liabilities 2010: $361,145,860Net Assets 2010: $114,023,0722010Assets 2011: $511,872,649Liabilities 2011: $302,032,218Net Assets 2011: $209,840,4312011Assets 2012: $529,758,145Liabilities 2012: $327,903,598Net Assets 2012: $201,854,5472012Assets 2013: $555,736,306Liabilities 2013: $292,035,317Net Assets 2013: $263,700,9892013Assets 2014: $594,924,132Liabilities 2014: $278,471,450Net Assets 2014: $316,452,6822014Assets 2015: $613,845,921Liabilities 2015: $305,879,154Net Assets 2015: $307,966,7672015Assets 2016: $634,321,113Liabilities 2016: $320,636,202Net Assets 2016: $313,684,9112016Assets 2017: $682,673,907Liabilities 2017: $306,524,358Net Assets 2017: $376,149,5492017Assets 2018: $731,378,507Liabilities 2018: $276,868,861Net Assets 2018: $454,509,6462018Assets 2019: $762,269,811Liabilities 2019: $291,098,839Net Assets 2019: $471,170,9722019Assets 2020: $897,582,436Liabilities 2020: $409,719,657Net Assets 2020: $487,862,7792020Assets 2021: $1,038,790,282Liabilities 2021: $462,909,439Net Assets 2021: $575,880,8432021Assets 2022: $806,735,551Liabilities 2022: $323,672,610Net Assets 2022: $483,062,9412022Assets 2023: $811,272,319Liabilities 2023: $308,717,601Net Assets 2023: $502,554,7182023

Highlighted filing

2023

Assets$811,272,319
Liabilities$308,717,601
Net Assets$502,554,718
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0B$500M$0-$500MExpenses 2010: $480,455,9202010Expenses 2011: $494,622,4342011Expenses 2012: $488,255,3202012Expenses 2013: $481,424,6782013Revenue 2014: $566,582,470Expenses 2014: $532,242,939Net Income 2014: $34,339,5312014Revenue 2015: $578,052,082Expenses 2015: $546,770,322Net Income 2015: $31,281,7602015Revenue 2016: $627,509,463Expenses 2016: $587,175,604Net Income 2016: $40,333,8592016Revenue 2017: $654,302,525Expenses 2017: $615,635,972Net Income 2017: $38,666,5532017Revenue 2018: $707,117,045Expenses 2018: $657,045,666Net Income 2018: $50,071,3792018Revenue 2019: $693,118,114Expenses 2019: $660,785,506Net Income 2019: $32,332,6082019Revenue 2020: $702,795,000Expenses 2020: $684,540,078Net Income 2020: $18,254,9222020Revenue 2021: $776,913,978Expenses 2021: $806,671,919Net Income 2021: -$29,757,9412021Revenue 2022: $787,096,091Expenses 2022: $790,478,715Net Income 2022: -$3,382,6242022Revenue 2023: $793,294,499Expenses 2023: $777,451,585Net Income 2023: $15,842,9142023

Highlighted filing

2023

Revenue$793,294,499
Expenses$777,451,585
Net Income$15,842,914
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$811,272,319
Liabilities
$308,717,601
Net assets
$502,554,718
Revenue
$793,294,499
Expenses
$777,451,585
Net income
$15,842,914
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$811$309$503$793$777$15.8
2022Summary only. Only limited summary data is available for this year.$807$324$483$787$790$3.38
2021Summary only. Only limited summary data is available for this year.$1,039$463$576$777$807$29.8
2020Summary only. Only limited summary data is available for this year.$898$410$488$703$685$18.3
2019Summary only. Only limited summary data is available for this year.$762$291$471$693$661$32.3
2018Summary only. Only limited summary data is available for this year.$731$277$455$707$657$50.1
2017Summary only. Only limited summary data is available for this year.$683$307$376$654$616$38.7
2016Summary only. Only limited summary data is available for this year.$634$321$314$628$587$40.3
2015Summary only. Only limited summary data is available for this year.$614$306$308$578$547$31.3
2014Summary only. Only limited summary data is available for this year.$595$278$316$567$532$34.3
2013Summary only. Only limited summary data is available for this year.$556$292$264$481
2012Summary only. Only limited summary data is available for this year.$530$328$202$488
2011Summary only. Only limited summary data is available for this year.$512$302$210$495
2010Summary only. Only limited summary data is available for this year.$475$361$114$480
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • $250M-$1B nonprofits