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Filing year 2023

COVENANT FOUNDATION INC

Waterloo, Iowa·EIN 42-1295784·501(c)(3)
Total revenue
$2.1M
Total assets
$6.5M
Total expenses
$1.3M
Reported officers
21
Mission

WE, COVENANT FOUNDATION AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. COVENANT FOUNDATION IS A MEMBER OF TRINITY HEALTH.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director; Mercyone Ne Ia COO
10th to 25th percentile
$71k
$78k
Director; Physician
Board Member
75th to 90th percentile
$69k
$76k
VP of Finance
Vice President
Median to 75th percentile
$64k
$71k
Director; Mgr, Patient Care Thr 2/24
Board Member
Median to 75th percentile
$33k
$36k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 17 unpaid individuals.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 12%
from 2022

From $63k in 2022 to $71k in 2023.

$63k
2022
$71k
2023
In today's dollarsEst.
Up 8% in real terms$72k to $78k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Operating Officer pay rose 241% from 2022 to 2023, while revenue rose 155%.

$21k in 2022 to $71k in 2023.
  • Board Member pay rose 50% from 2022 to 2023.
  • Vice President pay rose 8% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

COVENANT FOUNDATION INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$830k
$584k
2022
$2.1M
$1.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about COVENANT FOUNDATION INC

What does the Chief Operating Officer of COVENANT FOUNDATION INC earn?

In 2023, the Chief Operating Officer of COVENANT FOUNDATION INC received $70,530 in total compensation. This pay is in the bottom quarter for Chief Operating Officer roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Operating Officer pay at COVENANT FOUNDATION INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Operating Officer at COVENANT FOUNDATION INC falls between the 10th and 25th percentiles.

What are COVENANT FOUNDATION INC's revenue and expenses?

In 2023, COVENANT FOUNDATION INC reported $2.1M in total revenue and $1.3M in total expenses on its IRS Form 990.

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