Skip to main content
Filing year 2023

COVENANT MEDICAL CENTER INC

Waterloo, Iowa·EIN 42-1264647·NTEE E220 · Health Care·501(c)(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 · Part VII & Schedule J · 14 reported individuals · Filing year 2023

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

Former Officer
Former Officer/director/trustee
Above 90th percentilevs Health Care peers nationwide
$1.7M
$1.9M
Base
$261k
Bonus
Other
$503k
Benefits
$25k
Physician - Cardiology
Highest Compensated Employee
Above 90th percentile
$1.7M
$1.9M
Base
$1.7M
Bonus
Other
$4k
Benefits
$40k
Physician - Orthopedics
Highest Compensated Employee
Above 90th percentile
$1.7M
$1.8M
Base
$1.6M
Bonus
Other
$11k
Benefits
$32k
Physician - Gastroenterology
Highest Compensated Employee
Above 90th percentile
$1.3M
$1.5M
Base
$1.3M
Bonus
Other
$10k
Benefits
$38k
Physician - Orthopedics
Highest Compensated Employee
Above 90th percentile
$1.2M
$1.4M
Base
$1.2M
Bonus
Other
$1k
Benefits
$38k
Physician - Orthopedics
Highest Compensated Employee
Above 90th percentile
$1.2M
$1.3M
Base
$1.1M
Bonus
Other
$7k
Benefits
$28k
Vp, Medical Affairs
Board Vice President
75th to 90th percentilevs Health Care peers nationwide
$551k
$608k
Base
$413k
Bonus
$85k
Other
$5k
Benefits
$34k
Director; Physician
Board Member
75th to 90th percentile
$514k
$568k
Base
$464k
Bonus
Other
$447
Benefits
$37k
Director; Physician
Board Member
75th to 90th percentile
$458k
$506k
Base
$393k
Bonus
Other
$910
Benefits
$39k
Chief Nursing Officer
Key Employee
Median to 75th percentilevs Health Care peers nationwide
$393k
$435k
Base
$256k
Bonus
$57k
Other
$24k
Benefits
$32k
Assistant Treasurer; VP of Finance
Vice President
75th to 90th percentilevs Health Care peers nationwide
$377k
$416k
Base
$255k
Bonus
$54k
Other
$4k
Benefits
$40k
COO
Median to 75th percentilevs Health Care peers nationwide
$196k
$217k
Base
$105k
Bonus
Other
$20k
Benefits
$18k
Assistant Secretary; Exec Assistant
Secretary (Operational)
Median to 75th percentilevs Health Care peers nationwide
$74k
$82k
Dir 8-12/23; Pres Mercy Ia Thr 12/23
Board Member
Median to 75th percentile
$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

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at COVENANT MEDICAL CENTER INC equaled 0.5% of the organization's total expenses. The median for health care organizations is 4%.

This organization (2023)
0.5%
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 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.

Pay for the position

Highest Compensated Employee pay rose 14% from 2022 to 2023, while revenue rose 22%.

$1.5M in 2022 to $1.7M in 2023.
  • Board Vice President pay rose 9% from 2022 to 2023.
  • Board Member pay rose 4% 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 Former Officer/director/trustee of COVENANT MEDICAL CENTER INC earn?

In 2023, the Former Officer/director/trustee of COVENANT MEDICAL CENTER INC received $1,738,750 in total compensation. This pay is in the top 10% for Former Officer/director/trustee roles among Health Care organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at COVENANT MEDICAL CENTER INC compare with similar nonprofits?

Compared with the same role at Health Care organizations nationwide, the 2023 pay of the Former Officer/director/trustee at COVENANT MEDICAL CENTER INC falls in the top 10%. In 2023, the highest total compensation at COVENANT MEDICAL CENTER INC equaled 0.5% 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 $401.6M in total revenue and $375.2M in total expenses on its IRS Form 990.

Free, forever
Build lists. Save your benchmarks.
A free Lucido account lets you build lists of nonprofits and save your search filters. No credit card.
Already a member? Sign in
Build a benchmark

Compare any role, sector, or revenue band

Build your own benchmark from millions of reported positions.