COVENANT MEDICAL CENTER
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$563,599,324
Program Services
93%
Other
6%
Investments
<1%
Government Grants
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$603,871,468
Other
40%
Salaries & Benefits
35%
Fees to Service Providers
20%
Depreciation
3%
Interest
2%
Offices, Occupancy & IT
<1%
Grants
<1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$128,070
-
Fundraising Events
$0
$0
-
Program Services
$477,784,716
$524,579,694
+10%
Membership Dues
$0
$0
-
Investments
$120,527
$4,326,511
+3490%
Other
$32,241,039
$34,565,049
+7%
Total Revenues
$510,146,282
$563,599,324
+10%
Expenses
2023
2024
Change
Grants
$9,958
$12,008
+21%
Benefits to Members
$0
$0
-
Salaries & Benefits
$155,156,257
$209,753,563
+35%
Fees to Service Providers
$128,983,796
$119,029,500
-8%
Advertising & Promotion
$2,142
$785
-63%
Offices, Occupancy & IT
$6,165,566
$5,953,358
-3%
Interest
$22,685,002
$12,387,306
-45%
Depreciation
$18,672,996
$17,421,464
-7%
Other
$246,799,011
$239,313,484
-3%
Total Expenses
$578,474,728
$603,871,468
+4%
Net income
2023
2024
Change
Net income
-$68,328,446
-$40,272,144
+41%
Functional Expenses
Summary
2023
2024
Change
Program
$543,076,664
$566,478,618
+4%
Admin
$35,398,064
$37,392,850
+6%
Fundraising
$0
$0
-
Total Expenses
$578,474,728
$603,871,468
+4%
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