Covenant Hospice Inc
- Assets
- $80.3m
- Revenue
- $62.2m
- Investments
- $0.0
- Employees
- 473
- Location
- Pensacola, FL
- Founding
- 10/1982
- Data as of
- 12/2022
- EIN
- 59-2208300
Organization Overview
Covenant Hospice Inc is located in Pensacola, FL. The organization was established in 1982. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2022, Covenant Hospice Inc employed 473 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Hospice Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Covenant Hospice Inc generated $62.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $55.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COVENANT HOSPICE IS DEDICATED TO PROVIDING COMPREHENSIVE, COMPASSIONATE SERVICES (SEE SCHEDULE O) (CONTINUATION FROM PART I, LINE 1) TO PATIENTS AND THEIR LOVED ONES DURING TIMES OF LIFE-LIMITING ILLNESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022, DIRECT CARE WAS PROVIDED TO 5,301 PATIENTS IN NORTHWEST FLORIDA AND SOUTH ALABAMA. COVENANT HOSPICE, INC. ALSO OFFERS A PREDIATRIC PALLIATIVE CARE PROGRAM. "PARTNERS IN CARE: TOGETHER FOR KIDS", TO CHILDREN FROM BIRTH TO AGE 21 WHO ARE COPING WITH POTENTIALLY LIFE-LIMITING CONDITIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey M Mislevy President/ceo | OfficerTrustee | 40 | $0 |
Tom Owens Past Chair | OfficerTrustee | 4 | $0 |
Rodney Gutman Chairman | OfficerTrustee | 4 | $0 |
Brett Parra Secretary | OfficerTrustee | 4 | $0 |
Kent Skolrood Treasurer | OfficerTrustee | 4 | $0 |
Dick Appleyard Board Member | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Core Medical Group Temp Medical Employees | 12/30/22 | $2,277,904 |
Enclara Pharmecia Patient Drugs | 12/30/22 | $1,482,603 |
Medline Industries Patient Medical Supplies | 12/30/22 | $1,325,505 |
Stateserv Dme Equipment | 12/30/22 | $793,887 |
Appleyard Agency Advertising | 12/30/22 | $831,586 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $103,280 |
| Government grants | $4,839,105 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,942,385 |
| Total Program Service Revenue | $56,910,826 |
| Investment income | $23,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $514,850 |
| Net Gain/Loss on Asset Sales | -$1,918,456 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,239,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,501,513 |
| Pension plan accruals and contributions | $63,279 |
| Other employee benefits | $1,604,381 |
| Payroll taxes | $1,869,898 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,862 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,357 |
| Fees for services: Other | $216,970 |
| Advertising and promotion | $63,821 |
| Office expenses | $1,218,766 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,765,933 |
| Travel | $1,134,884 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,637 |
| Interest | $174,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,243,794 |
| Insurance | $505,361 |
| All other expenses | $942,102 |
| Total functional expenses | $55,379,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,705 |
| Savings and temporary cash investments | $2,235,846 |
| Pledges and grants receivable | $7,742,906 |
| Accounts receivable, net | $12,458,782 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $83,013 |
| Prepaid expenses and deferred charges | $423,963 |
| Net Land, buildings, and equipment | $10,488,654 |
| Investments—publicly traded securities | $47,180 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $251,184 |
| Other assets | $46,588,432 |
| Total assets | $80,329,665 |
| Accounts payable and accrued expenses | $8,002,878 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $5,382,446 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,865,184 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,250,508 |
| Net assets without donor restrictions | $61,019,431 |
| Net assets with donor restrictions | $2,059,726 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $80,329,665 |