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Filing year 2023

COVENANT FOUNDATION INC

Waterloo, Iowa·EIN 42-1295784·3
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 · Schedule J · 4 reported individuals · Filing year 2023

Director; Mercyone Ne Ia COO
$71k
$78k
Director; Physician
board member
$69k
$76k
VP of Finance
vice president
$64k
$71k
Director; Mgr, Patient Care Thr 2/24
board member
$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.

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.

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.
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