COVENANT MEDICAL CENTER INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$830,573,569
Program Services
97%
Other
2%
Investments
1%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$806,102,876
Salaries & Benefits
59%
Other
24%
Fees to Service Providers
7%
Offices, Occupancy & IT
5%
Depreciation
4%
Interest
<1%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$8,269,904
$2,698,744
-67%
Fundraising Events
$0
$0
-
Program Services
$735,709,020
$804,438,469
+9%
Membership Dues
$0
$0
-
Investments
$8,278,605
$9,030,310
+9%
Other
$41,036,970
$14,406,046
-65%
Total Revenues
$793,294,499
$830,573,569
+5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$457,146,767
$473,764,393
+4%
Fees to Service Providers
$60,213,092
$59,730,348
-1%
Advertising & Promotion
$1,770,115
$1,944,083
+10%
Offices, Occupancy & IT
$38,580,070
$41,552,958
+8%
Interest
$3,165,550
$2,518,535
-20%
Depreciation
$30,901,194
$30,320,842
-2%
Other
$185,674,797
$196,271,717
+6%
Total Expenses
$777,451,585
$806,102,876
+4%
Net income
2023
2024
Change
Net income
+$15,842,914
+$24,470,693
+54%
Functional Expenses
Summary
2023
2024
Change
Program
$699,504,659
$713,018,106
+2%
Admin
$77,946,926
$93,084,770
+19%
Fundraising
$0
$0
-
Total Expenses
$777,451,585
$806,102,876
+4%
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