Covenant Health
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$1,956,038,753
Investments
89%
Cash & Equivalents
5%
Other Assets
3%
Property, Plant, & Equipment (net)
2%
Prepaid Expenses
<1%
Inventories
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$1,068,633,289
Tax-Exempt Bond Liabilities
88%
Payables & Accruals
8%
Other Liabilities
4%
Grants Payable
0%
Deferred Revenue
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$116,753,643
$91,227,114
-22%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
-
-
-
Inventories
$613,217
$986,433
+61%
Prepaid Expenses
$16,345,035
$12,450,412
-24%
Investments
$1,590,459,472
$1,750,252,063
+10%
Property, Plant, & Equipment (net)
$34,902,440
$46,518,114
+33%
Other Assets
$42,172,514
$54,604,617
+29%
Total Assets
$1,801,246,321
$1,956,038,753
+9%
Liabilities
2023
2024
Change
Payables & Accruals
$71,110,595
$81,259,859
+14%
Grants Payable
-
-
-
Deferred Revenue
$5,000,000
$0
-100%
Tax-Exempt Bond Liabilities
$978,604,518
$941,153,425
-4%
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$55,688,821
$46,220,005
-17%
Total Liabilities
$1,110,403,934
$1,068,633,289
-4%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
$690,842,387
$887,405,464
+28%
Net assets
2023
2024
Change
Net assets
+$690,842,387
+$887,405,464
+28%
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