Covenant Hospice Inc
- Assets
- $77.0m
- Revenue
- $64.8m
- Investments
- $0.0
- Employees
- 495
- Location
- Pensacola, FL
- Founding
- 10/1982
- Data as of
- 12/2021
- 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 12/2021, Covenant Hospice Inc employed 495 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 12/2021, Covenant Hospice Inc generated $64.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $53.9m during the year ending 12/2021. 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
2021
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 2021, DIRECT CARE WAS PROVIDED TO 5,643 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 |
|---|---|---|---|
Saul Rodriguez Physician | 40 | $248,238 | |
Rick Harrelson Physician | 40 | $215,845 | |
Stephen Dill Physician | 40 | $193,686 | |
Janet Davis Physician | 40 | $177,697 | |
James Smith Physician | 40 | $146,763 | |
Tom Owens Past Chair | OfficerTrustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Enclara Pharmecia Patient Drugs | 12/30/21 | $1,570,693 |
Qualis Management Dme | 12/30/21 | $1,554,234 |
Medline Industries Patient Medical Supplies | 12/30/21 | $839,804 |
Ascensus Trust Retirement Plan Retirement | 12/30/21 | $1,128,687 |
Appleyard Agency Advertising | 12/30/21 | $915,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $381,496 |
| Government grants | $303,087 |
| 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 | $684,583 |
| Total Program Service Revenue | $59,063,943 |
| Investment income | $299,966 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $628,518 |
| Net Gain/Loss on Asset Sales | $3,680,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,777,172 |
| 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 | $18,779,448 |
| Pension plan accruals and contributions | $71,187 |
| Other employee benefits | $1,996,413 |
| Payroll taxes | $1,994,511 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $41,211 |
| Fees for services: Accounting | $37,970 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,825 |
| Fees for services: Other | $284,196 |
| Advertising and promotion | $39,019 |
| Office expenses | $2,204,975 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,685,163 |
| Travel | $1,001,244 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,605 |
| Interest | $222,577 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,428,077 |
| Insurance | $478,467 |
| All other expenses | $694,833 |
| Total functional expenses | $53,909,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,084 |
| Savings and temporary cash investments | $3,171,068 |
| Pledges and grants receivable | $3,532,162 |
| Accounts receivable, net | $16,623,136 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $70,822 |
| Prepaid expenses and deferred charges | $1,232,663 |
| Net Land, buildings, and equipment | $13,452,487 |
| Investments—publicly traded securities | $11,943,496 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $268,708 |
| Other assets | $26,705,076 |
| Total assets | $77,009,702 |
| Accounts payable and accrued expenses | $11,911,149 |
| Grants payable | $0 |
| Deferred revenue | $50,643 |
| Tax-exempt bond liabilities | $3,013,046 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,389,802 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $19,364,640 |
| Net assets without donor restrictions | $54,103,014 |
| Net assets with donor restrictions | $3,542,048 |
| 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 | $77,009,702 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Covenant Hospice Inc has recieved totaling $434,970.
| Awarding Organization | Amount |
|---|---|
Covenant Hospice Foundation Inc Pensacola, FL PURPOSE: TO SUPPORT OPERATIONS | $381,496 |
Born Helen S Endowment Fund 75604900 Las Vegas, NV PURPOSE: GENERAL OPERATING | $24,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $8,588 |
United Way Of Northwest Florida Panama City, FL PURPOSE: ALLOCATION | $6,715 |
The Price Family Private Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Snook Foundation Foley, AL PURPOSE: PROVIDE FUNDS FOR HOSPICE PATIENTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hospice Of The Florida Suncoast Inc Clearwater, FL | $60,700,898 | $121,632,647 |
Community Hospice Of Northeast Florida Inc Jacksonville, FL | $107,746,508 | $118,853,375 |
Tidewell Hospice Inc Sarasota, FL | $30,737,381 | $110,856,744 |
Hospice Of Palm Beach County Inc West Palm Beach, FL | $54,298,636 | $88,701,268 |
Covenant Hospice Inc Pensacola, FL | $77,009,702 | $64,777,172 |
Catholic Hospice Inc Miami Lakes, FL | $34,194,758 | $52,128,143 |
Hospice By The Sea Inc West Palm Beach, FL | $24,238,802 | $53,733,577 |
Hernando-Pasco Hospice Inc Temple Terrace, FL | $10,228,935 | $47,079,732 |
North Central Florida Hospice Inc Gainesville, FL | $59,524,924 | $43,858,318 |
Hospice Of Marion County Inc Ocala, FL | $45,083,771 | $42,336,001 |
Hospice Of The Comforter Inc Altamonte Springs, FL | $23,267,854 | $39,513,160 |
Hospice Of St Francis Inc Titusville, FL | $33,285,120 | $33,978,762 |