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Filing year 2024

Covenant Health Inc

Andover, Massachusetts·EIN 22-2484505·NTEE E30B · Health Care·501(c)(3)
Total revenue
$77.5M
Total assets
$381.5M
Total expenses
$76.7M
Reported officers
26
Mission

Covenant Health is an innovative Catholic health organization committed to advancing the healing ministry of Jesus.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 12 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Health Care organizations in Massachusetts.

President & CEO
Above 90th percentile
$1.3M
$1.4M
Base
$805k
Bonus
$400k
Other
$30k
Benefits
$30k
SVP and Chief Financial Officer
Above 90th percentile
$854k
$911k
Base
$511k
Bonus
$300k
Other
$6k
Benefits
$36k
SVP General Counsel
Senior Vice President
75th to 90th percentile
$848k
$905k
Base
$478k
Bonus
$300k
Other
$37k
Benefits
$22k
SVP and Chief Medical Officer
Senior Vice President
75th to 90th percentile
$677k
$723k
Base
$507k
Bonus
$120k
Other
$10k
Benefits
$35k
SVP & President Sjh Bangor
Senior Vice President
Median to 75th percentile
$576k
$615k
Base
$404k
Bonus
$123k
Other
$10k
Benefits
$29k
SVP & President Sjh Nashua
Senior Vice President
Median to 75th percentile
$516k
$551k
Base
$467k
Bonus
Other
$9k
Benefits
$29k
SVP Integrated Medical Group
Senior Vice President
Median to 75th percentile
$463k
$494k
Base
$421k
Bonus
Other
$10k
Benefits
$26k
System VP & Chief MED Info Officer
Board Vice President
75th to 90th percentile
$416k
$444k
Base
$371k
Bonus
Other
$937
Benefits
$35k
Ch Svp; President, Ch Foundation
Senior Vice President
25th percentile to median
$350k
$373k
Base
$274k
Bonus
Other
$27k
Benefits
$40k
SVP & President Pac Finance
Senior Vice President
25th percentile to median
$329k
$351k
Base
$296k
Bonus
Other
$1k
Benefits
$23k
System Assistant VP Employee Experience
Board Vice President
Median to 75th percentile
$326k
$348k
Base
$289k
Bonus
Other
$715
Benefits
$28k
Deputy General Counsel
Highest Compensated Employee
Median to 75th percentile
$304k
$325k
Base
$278k
Bonus
Other
$12k
Benefits
$11k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 14 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at Covenant Health Inc equaled 2% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2024)
2%
Sector median
4%
Middle half of sector
1% to 13%

Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 52%
from 2023

From $842k in 2023 to $1.3M in 2024.

$842k
2023
$1.3M
2024
In today's dollarsEst.
Up 47% in real terms$927k to $1.4M

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay rose 52% from 2023 to 2024, while revenue fell 1%.

$842k in 2023 to $1.3M in 2024.
  • Chief Financial Officer pay rose 60% from 2023 to 2024.
  • Senior Vice President pay rose 6% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Revenue and expenses over time

Covenant Health Inc reported revenue and expenses across 2 filing years.

RevenueExpenses
$78.5M
$74.2M
2023
$77.5M
$76.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Health Care executives earn in Massachusetts

Comparable health care organizations in Massachusetts pay their highest-earning executive a median of $203,620.

25th percentile
$88k
Median
$203,620
75th percentile
$494k
90th percentile
$1.3M

These are health care sector-wide figures, not this organization's reported pay. Based on 439 organizations across 439 filings (2022 – 2024).

See full Health Care pay data for Massachusetts
FAQ

Common questions about Covenant Health Inc

What does the Chief Executive Officer of Covenant Health Inc earn?

In 2024, the Chief Executive Officer of Covenant Health Inc received $1,276,101 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Health Care organizations in Massachusetts: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Covenant Health Inc compare with similar nonprofits?

Compared with the same role at Health Care organizations in Massachusetts, the 2024 pay of the Chief Executive Officer at Covenant Health Inc falls in the top 10%. In 2024, the highest total compensation at Covenant Health Inc equaled 2% of the organization's total expenses. The median for health care organizations is 4%.

What are Covenant Health Inc's revenue and expenses?

In 2024, Covenant Health Inc reported $77.5M in total revenue and $76.7M in total expenses on its IRS Form 990.

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