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Filing year 2023

COVENANT MEDICAL CENTER INC

Saginaw, Michigan·EIN 38-3369438·NTEE E220 · Health Care·501(c)(3)
Total revenue
$830.6M
Total assets
$867.3M
Total expenses
$806.1M
Reported officers
29
Mission

TO PROVIDE DIVERSE MEDICAL CARE TO MEET THE HEATLH CARE NEEDS OF THE 14 COUNTIES IN EAST CENTRAL MICHIGAN WE SERVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2023

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

Physician
Highest Compensated Employee
Above 90th percentile
$2.1M
$2.3M
Base
$1.8M
Bonus
$282k
Other
Benefits
$23k
Physician
Highest Compensated Employee
Above 90th percentile
$1.6M
$1.8M
Base
$1.1M
Bonus
$553k
Other
Benefits
$9k
Physician
Highest Compensated Employee
Above 90th percentile
$1.6M
$1.8M
Base
$1M
Bonus
$521k
Other
Benefits
$23k
Physician
Highest Compensated Employee
Above 90th percentile
$1.6M
$1.7M
Base
$1.5M
Bonus
$99k
Other
Benefits
$23k
President
Above 90th percentile
$1.4M
$1.6M
Base
$819k
Bonus
$31k
Other
Benefits
$60k
Physician
Highest Compensated Employee
Above 90th percentile
$1.4M
$1.5M
Base
$1M
Bonus
$368k
Other
Benefits
$23k
Vice President
Above 90th percentile
$808k
$892k
Base
$544k
Bonus
$26k
Other
Benefits
$33k
Vice President
Above 90th percentile
$674k
$745k
Base
$451k
Bonus
$21k
Other
Benefits
$56k
Vice President
Above 90th percentile
$529k
$584k
Base
$414k
Bonus
Other
$89k
Benefits
$26k
Vice President
Above 90th percentile
$521k
$576k
Base
$404k
Bonus
Other
$98k
Benefits
$19k
Board Member/physician
Board Member
75th to 90th percentile
$468k
$517k
Base
$404k
Bonus
$7k
Other
$30k
Benefits
$26k
Vice President
75th to 90th percentile
$393k
$434k
Base
$270k
Bonus
$11k
Other
Benefits
$30k
Vice President
75th to 90th percentile
$343k
$379k
Base
$298k
Bonus
$15k
Other
Benefits
$30k
Vice President
75th to 90th percentile
$312k
$344k
Base
$287k
Bonus
$15k
Other
Benefits
$10k
Vice President
Median to 75th percentile
$289k
$320k
Base
$252k
Bonus
$13k
Other
Benefits
$25k
Vice President
Median to 75th percentile
$257k
$284k
Base
$222k
Bonus
$9k
Other
Benefits
$26k
Vice President
25th percentile to median
$77k
$85k

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 12 unpaid individuals.

Browse compensation in Health Care

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at COVENANT MEDICAL CENTER INC equaled 0.3% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
0.3%
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.

Down 2%
from 2022

From $2.1M in 2022 to $2.1M in 2023.

$2.1M
2022
$2.1M
2023
In today's dollarsEst.
Down 6% in real terms$2.4M to $2.3M

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

Highest Compensated Employee pay fell 2% from 2022 to 2023, while revenue rose 5%.

$2.1M in 2022 to $2.1M in 2023.
  • Chief Executive Officer pay fell 4% from 2022 to 2023.
  • Vice President pay fell 14% 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.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about COVENANT MEDICAL CENTER INC

What does the Highest Compensated Employee of COVENANT MEDICAL CENTER INC earn?

In 2023, the Highest Compensated Employee of COVENANT MEDICAL CENTER INC received $2,077,878 in total compensation. This pay is in the top 10% for Highest Compensated Employee roles among Health Care organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Highest Compensated Employee pay at COVENANT MEDICAL CENTER INC compare with similar nonprofits?

Compared with the same role at Health Care organizations in Michigan, the 2023 pay of the Highest Compensated Employee at COVENANT MEDICAL CENTER INC falls in the top 10%. In 2023, the highest total compensation at COVENANT MEDICAL CENTER INC equaled 0.3% of the organization's total expenses. The median for health care organizations is 4%.

What are COVENANT MEDICAL CENTER INC's revenue and expenses?

In 2023, COVENANT MEDICAL CENTER INC reported $830.6M in total revenue and $806.1M in total expenses on its IRS Form 990.

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