COVENANT HEALTH SYSTEM
Balance Sheet
Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)
$199,139,169
Property, Plant, & Equipment (net)
57%
Other Assets
21%
Investments
14%
Cash & Equivalents
6%
Prepaid Expenses
1%
Inventories
<1%
Receivables (Non-Related)
0%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)
$423,215,981
Other Liabilities
96%
Payables & Accruals
4%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,469,617
$12,631,127
+411%
Receivables (Non-Related)
$6,315,348
$0
-100%
Related-Party Receivables
-
-
-
Inventories
$227,936
$195,676
-14%
Prepaid Expenses
$3,118,188
$2,552,513
-18%
Investments
$36,342,051
$28,255,342
-22%
Property, Plant, & Equipment (net)
$112,750,238
$113,245,165
+0%
Other Assets
$90,303,617
$42,259,346
-53%
Total Assets
$251,526,995
$199,139,169
-21%
Liabilities
2023
2024
Change
Payables & Accruals
-
$15,048,403
-
Grants Payable
-
-
-
Deferred Revenue
$49,308
$119,053
+141%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$389,629,057
$408,048,525
+5%
Total Liabilities
$389,678,365
$423,215,981
+9%
Net assets
2023
2024
Change
Restricted Net Assets
-
-
-
Unrestricted Net Assets
-$138,151,370
-$224,076,812
-62%
Net assets
2023
2024
Change
Net assets
-$138,151,370
-$224,076,812
-62%
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