THE FOUNDATION IS ESTABLISHED TO SUPPORT THE COVENANT HEALTHCARE SYSTEM BY ACCEPTING DONATIONS AND PROVIDING STEWARDSHIP OF CHARITABLE FUNDS RECEIVED FROM THE COVENANT HEALTHCARE CONSTITUENCY.
Executive compensation
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Health Care organizations in Michigan.
| Position | Total |
|---|---|
President/ceo 75th to 90th percentile | $597k $659k |
Vp/cfo Officer (Unspecified) | $238k $263k |
Interim Foundation Director Director (Operational) 10th to 25th percentilevs Health Care peers nationwide | $26k $29k |
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 11 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at COVENANT HEALTHCARE FOUNDATION equaled 72% of the organization's total expenses. The median for health care organizations is 4%.
Based on 13,830 health care organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Down 15%
from 2022
From $698k in 2022 to $597k in 2023.
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.
Chief Executive Officer pay fell 15% from 2022 to 2023, while revenue fell 34%.
- Director (Operational) pay fell 85% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about COVENANT HEALTHCARE FOUNDATION
What does the Chief Executive Officer of COVENANT HEALTHCARE FOUNDATION earn?
In 2023, the Chief Executive Officer of COVENANT HEALTHCARE FOUNDATION received $596,516 in total compensation. This pay is in the top quarter for Chief Executive Officer roles among Health Care organizations in Michigan, though not the top 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at COVENANT HEALTHCARE FOUNDATION compare with similar nonprofits?
Compared with the same role at Health Care organizations in Michigan, the 2023 pay of the Chief Executive Officer at COVENANT HEALTHCARE FOUNDATION falls between the 75th and 90th percentiles. In 2023, the highest total compensation at COVENANT HEALTHCARE FOUNDATION equaled 72% of the organization's total expenses. The median for health care organizations is 4%.
What are COVENANT HEALTHCARE FOUNDATION's revenue and expenses?
In 2023, COVENANT HEALTHCARE FOUNDATION reported $2.1M in total revenue and $832k in total expenses on its IRS Form 990.
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