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Filing year 2023

COVENANT MEDICAL CENTER INC

Waterloo, Iowa·EIN 42-1264647·NTEE E220 · Health Care·3
Total revenue
$401.6M
Total assets
$245M
Total expenses
$375.2M
Reported officers
19
Mission

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

Executive compensation, broken down

Form 990 · Schedule J · 14 reported individuals · Filing year 2023

Former Officer
former officer/director/trustee
$1.7M
$1.9M
Base
$261k
Bonus
Other
$503k
Benefits
$25k
Physician - Cardiology
highest compensated employee
$1.7M
$1.9M
Base
$1.7M
Bonus
Other
$4k
Benefits
$40k
Physician - Orthopedics
highest compensated employee
$1.7M
$1.8M
Base
$1.6M
Bonus
Other
$11k
Benefits
$32k
Physician - Gastroenterology
highest compensated employee
$1.3M
$1.5M
Base
$1.3M
Bonus
Other
$10k
Benefits
$38k
Physician - Orthopedics
highest compensated employee
$1.2M
$1.4M
Base
$1.2M
Bonus
Other
$1k
Benefits
$38k
Physician - Orthopedics
highest compensated employee
$1.2M
$1.3M
Base
$1.1M
Bonus
Other
$7k
Benefits
$28k
Vp, Medical Affairs
vice president
$551k
$608k
Base
$413k
Bonus
$85k
Other
$5k
Benefits
$34k
Director; Physician
board member
$514k
$568k
Base
$464k
Bonus
Other
$447
Benefits
$37k
Director; Physician
board member
$458k
$506k
Base
$393k
Bonus
Other
$910
Benefits
$39k
Chief Nursing Officer
key employee
$393k
$435k
Base
$256k
Bonus
$57k
Other
$24k
Benefits
$32k
Assistant Treasurer; VP of Finance
vice president
$377k
$416k
Base
$255k
Bonus
$54k
Other
$4k
Benefits
$40k
Base
$105k
Bonus
Other
$20k
Benefits
$18k
Assistant Secretary; Exec Assistant
secretary (operational)
$74k
$82k
Dir 8-12/23; Pres Mercy Ia Thr 12/23
board member
$66k
$73k

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 5 unpaid individuals.

Browse compensation in Health Care

Up 14%
from 2022

From $1.5M in 2022 to $1.7M in 2023.

$1.5M
2022
$1.7M
2023
In today's dollarsEst.
Up 10% in real terms$1.7M to $1.9M

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.

Among peers

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

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