Covenant Physician Partners INC FY2020 filing

Tax-deductible

Lubbock, TX501(c)(3)Since 2013Health CareEIN 46-3516417Revenue $19.6M in FY2020

On file with the IRScovenanthealthpartners.org3615 19th St, 79410-1203 · Lubbock, TXTax-exempt since Dec 2015Supporting org, Type I — 509(a)(3)

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As expressions of god's healing love, witnessed through the ministry of jesus, we are steadfast in serving all, especially those who are poor and vulnerable.

501(c)(3) charity; gifts are tax-deductible.
65¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $453K a year · 3% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
65%
of spending
Fine: 65% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
6 mo
of spending, in cash
Looks good: 5.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$351K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 19 voting members
Looks good: 10 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$19.6M
Spent
$18.9M
To programs
65%
Net assets
$8.7M
By yearFY2020–FY2024
Revenue
$19.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19.6M
FY2021$16.9M
FY2022$18.2M
FY2023$21.8M
FY2024$9.4M
Expenses
$18.9M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$18.9M
FY2021$16.9M
FY2022$18.1M
FY2023$21.8M
FY2024$7.9M
Net assets
$8.7M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$8.7M
FY2021$9.5M
FY2022$10.6M
FY2023$12.4M
FY2024$14.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

65 cents of each dollar spent went to programs.

Program services 65% · $12.3M Management & general 35% · $6.6M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

28 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
$505,578Pt VII · Sec A
Exec Dir, Chp Enterprise Care Mgmt
$247,800Pt VII · Sec A
Dir, Care Management
$172,002Pt VII · Sec A
Dir, Care Management
$122,942Pt VII · Sec A
Dir, Finance Psjh
$122,055Pt VII · Sec A
Mgr, Care Management
$113,072Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (part Year)
$0Pt VII · Sec A

Michael Robertson MD’s $501K as Chief Executive Medical Group is at the 96th percentile of top reported officer pay among 3128 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael Robertson MD$500,588$486,174$520,422$480,722$505,578
David Stowers—$294,729$293,546$252,444$247,800
Rachael Stehling$223,644$226,355$224,374$203,404$172,002
Allison Horton$173,668$167,320$145,426$141,497—
Lisa Barrington$162,623$151,552$156,138$112,919—
Sammy Ray—$149,450———
Terri Pierce——$142,983$131,512—
Teri Pierce$122,493———$122,942

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides compassionate, affordable healthcare and advocates for vulnerable populations through a network of hospitals, focusing on accessible services regardless of ability to pay.

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Provided by the organization

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1 program · $12.3M · in their own filed words · FY2020
01

See schedule oprovidenceat providence, we use our voice to advocate for vulnerable populations and needed reforms in health care. We pursue innovative ways to transform health care by keeping people healthy, and making our services more convenient, accessible and affordable for all.

$12.3Mprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$19.6M
Ln 12
Fees for servicesLn 2g$19.5M
Investment incomeLn 3$62K
Money outPt IX
$18.9M
Ln 25
Programscol B$12.3M
Managementcol C$6.6M
Owns and owesPt X
$8.7M
net assets · Ln 32
Cash and savingsLn 1–2$8.8M
Total assetsLn 16$9.1M
LiabilitiesLn 26$351K
PeoplePt VI, VII
28
listed · VII A
PaidVII A6
Voting boardVI 1a19
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$19.5M
Investment incomeLn 3$62K
Total revenueLn 12$19.6M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$8.8M
Cash and savings togetherLn 1–2$8.8M
Land, buildings, equipmentLn 10c$40K
Other assetsLn 15$0
Total assetsLn 16$9.1M
LiabilitiesLn 26$351K
Net assetsLn 32$8.7M
OperationsPt I, VI
EmployeesI 5182
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$9.5M$8.8M
Land, buildings, equipmentLn 10c$50K$40K
Total assetsLn 16$11.3M$9.1M
LiabilitiesLn 26$4.8M$351K
Net assetsLn 32$6.5M$8.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.3M$793K$490K
Other salaries and wagesLn 7$7.5M$4.7M$2.9M
Pension plan contributionsLn 8$157K$107K$50K
Other employee benefitsLn 9$38K$26K$12K
Payroll taxesLn 10$626K$425K$201K
Management feesLn 11a$688K$467K$221K
Other fees for servicesLn 11g$5.9M$4.0M$1.9M
Advertising and promotionLn 12$2K$1K$579
Office expensesLn 13$53K$36K$17K
TravelLn 17$62K$42K$20K
Conferences, conventions and meetingsLn 19$3K$2K$1K
Depreciation, depletion and amortizationLn 22$10K$7K$3K
InsuranceLn 23$294K$199K$94K
Other expenses (24a–d)Ln 24$2.3M$1.5M$725K
All other expensesLn 24e$2K$1K$509
Total functional expensesLn 25$18.9M$12.3M$6.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $9.4M$7.9M$1.5M$14.8M 990 PDF
FY2023 $21.8M$21.8M$1$12.4M 990 PDF
FY2022 $18.2M$18.1M$71K$10.6M 990 PDF
FY2021 $16.9M$16.9M$6K$9.5M 990 PDF
FY2020 Viewing $19.6M$18.9M$643K$8.7M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $19,583,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $19,577,948$19,521,846
I-10 Investment incomePrior year $167,260$61,729
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $19,745,208$19,583,575
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $10,361,052$9,651,073
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $8,625,150$9,289,960
I-18 Total expensesPrior year $18,986,202$18,941,033
I-19 Revenue less expensesPrior year $759,006$642,542
Part VI · Governance 10 of 19 board members independent, 1 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members10
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $19,583,575 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,521,846$19,521,846
VIII-3 Investment incomeExcluded from tax $61,729$61,729
VIII-12 Total revenueRelated to mission $19,521,846 · Unrelated business $0 · Excluded from tax $61,729$19,583,575
Part IX · Statement of functional expenses $18,941,033 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $793,171 · Management $490,278$1,283,449
IX-7 Other salaries and wagesPrograms $4,663,894 · Management $2,882,861$7,546,755
IX-8 Pension plan contributionsPrograms $106,749 · Management $50,372$157,121
IX-9 Other employee benefitsPrograms $25,787 · Management $12,168$37,955
IX-10 Payroll taxesPrograms $425,167 · Management $200,626$625,793
IX-11a Management feesPrograms $467,309 · Management $220,511$687,820
IX-11g Other fees for servicesPrograms $4,018,579 · Management $1,896,269$5,914,848
IX-12 Advertising and promotionPrograms $1,226 · Management $579$1,805
IX-13 Office expensesPrograms $35,876 · Management $16,929$52,805
IX-17 TravelPrograms $42,180 · Management $19,904$62,084
IX-19 Conferences, conventions and meetingsPrograms $2,193 · Management $1,035$3,228
IX-22 Depreciation, depletion and amortizationPrograms $6,581 · Management $3,106$9,687
IX-23 InsurancePrograms $199,409 · Management $94,096$293,505
IX-24 Other expenses (24a–d)Programs $1,537,218 · Management $725,374$2,262,592
IX-24e All other expensesPrograms $1,077 · Management $509$1,586
IX-25 Total functional expensesPrograms $12,326,416 · Management $6,614,617 · Fundraising $0$18,941,033
Part X · Balance sheet $9,051,325 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $9,545,064$8,822,457
X-9 Prepaid expenses and deferred charges$188,600
X-10c Land, buildings and equipment, netStart of year $49,954$40,268
X-15 Other assetsStart of year $1,701,849$0
X-16 Total assetsStart of year $11,296,867$9,051,325
X-17 Accounts payable and accrued expensesStart of year $4,250,769$4,963,996
X-19 Deferred revenueStart of year $571,192$1,655,201
X-25 Other liabilitiesStart of year $0−$6,268,219
X-26 Total liabilitiesStart of year $4,821,961$350,978
X-27 Net assets without donor restrictionsStart of year $6,474,906$8,700,347
X-32 Total net assets or fund balancesStart of year $6,474,906$8,700,347
X-33 Total liabilities and net assetsStart of year $11,296,867$9,051,325
Part XI · Reconciliation of net assets $8,700,347 net assets at year end
XI-1 Total revenue$19,583,575
XI-2 Total expenses$18,941,033
XI-3 Revenue less expenses$642,542
XI-4 Net assets at start of year$6,474,906
XI-9 Other changes in net assets$1,582,899
XI-10 Net assets at end of year$8,700,347

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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