COVENANT HOSPITAL HOBBS
Income Statement
Fiscal Year Start:
Jan 1
Revenues in 2024
$51,154,488
Program Services
93%
Government Grants
5%
Other
2%
Investments
<1%
Contributions
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$74,114,818
Fees to Service Providers
29%
Depreciation
24%
Other
22%
Salaries & Benefits
21%
Offices, Occupancy & IT
4%
Advertising & Promotion
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,642
$0
-100%
Government Grants
$0
$2,500,752
-
Fundraising Events
$0
$0
-
Program Services
$33,736,219
$47,651,119
+41%
Membership Dues
$0
$0
-
Investments
$8,809
$41,163
+367%
Other
$6,022,439
$961,454
-84%
Total Revenues
$39,769,109
$51,154,488
+29%
Expenses
2023
2024
Change
Grants
$76
$0
-100%
Benefits to Members
$0
$0
-
Salaries & Benefits
$11,702,333
$15,926,054
+36%
Fees to Service Providers
$22,595,357
$21,377,825
-5%
Advertising & Promotion
$64,442
$30,980
-52%
Offices, Occupancy & IT
$2,368,568
$2,755,130
+16%
Interest
$1,840
$9,375
+410%
Depreciation
$4,863,170
$17,987,696
+270%
Other
$18,218,010
$16,027,758
-12%
Total Expenses
$59,813,796
$74,114,818
+24%
Net income
2023
2024
Change
Net income
-$20,044,687
-$22,960,330
-15%
Functional Expenses
Summary
2023
2024
Change
Program
$57,644,846
$71,378,244
+24%
Admin
$2,168,950
$2,736,574
+26%
Fundraising
$0
$0
-
Total Expenses
$59,813,796
$74,114,818
+24%
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