Covenant Health

Organization Overview

Covenant Health is located in Knoxville, TN. The organization was established in 1996. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Covenant Health employed 1,374 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covenant Health 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 Health generated $188.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $163.0m during the year ending 12/2021. While expenses have increased by 5.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Covenant Health has awarded 183 individual grants totaling $3,911,378. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

COVENANT HEALTH IS THE PARENT ORGANIZATION IN A COMMUNITY-OWNED HEALTH CARE SYSTEM IN EAST TENN.

Describe the Organization's Program Activity:

COVENANT HEALTH IS A COMPREHENSIVE, COMMUNITY-OWNED HEALTH SYSTEM DEDICATED TO IMPROVING THE HEALTH OF THE PEOPLE IT SERVES. ESTABLISHED IN 1996 BY THE CONSOLIDATION OF FORT SANDERS HEALTH SYSTEM, KNOXVILLE, TENNESSEE, AND MMC HEALTHCARE SYSTEM IN OAK RIDGE, COVENANT HEALTH IS GOVERNED BY A VOLUNTARY BOARD OF DIRECTORS COMPRISED OF COMMUNITY LEADERS AND MEDICAL PROFESSIONALS. WITH MORE THAN 11,000 EMPLOYEES, AFFILIATED PHYSICIANS AND VOLUNTEERS, COVENANT HEALTH IS THE KNOXVILLE AREA'S LARGEST EMPLOYER AND HAS BEEN NAMED A BEST EMPLOYER SEVEN TIMES BY FORBES. COVENANT HEALTH INCLUDES NINE ACUTE CARE HOSPITALS IN EAST TENNESSEE; METHODIST MEDICAL CENTER OF OAK RIDGE, FORT SANDERS REGIONAL MEDICAL CENTER AND PARKWEST MEDICAL CENTER IN KNOXVILLE, FORT LOUDOUN MEDICAL CENTER IN LENOIR CITY, LECONTE MEDICAL CENTER IN SEVIERVILLE, MORRISTOWN-HAMBLEN HEALTHCARE SYSTEM IN MORRISTOWN, ROANE MEDICAL CENTER IN HARRIMAN, CLAIBORNE MEDICAL CENTER IN TAZEWELL AND CUMBERLAND MEDICAL CENTER IN CROSSVILLE. IT ALSO INCLUDES PENINSULA, A DIVISION OF PARKWEST MEDICAL CENTER, A BEHAVIORAL HEALTH HOSPITAL IN BLOUNT COUNTY, TENNESSEE. THE HEALTH SYSTEM ALSO INCLUDES COVENANT MEDICAL GROUP, WHICH INCLUDES MORE THAN 200 PHYSICIANS AND ADVANCED PRACTICE CLINICIANS IN OFFICE LOCATIONS THROUGHOUT EAST TENNESSEE.AFFILIATED ORGANIZATIONS INCLUDE THOMPSON CANCER SURVIVAL CENTER, THOMPSON ONCOLOGY GROUP, FORTRESS CORPORATION AND SUBSIDIARIES, COVENANT HOMECARE, AND FORT SANDERS PERINATAL CENTER. PHILANTHROPIC ORGANIZATIONS INCLUDE FORT SANDERS FOUNDATION AND THE THOMPSON CANCER SURVIVAL CENTER FOUNDATION IN KNOXVILLE, METHODIST MEDICAL CENTER FOUNDATION IN OAK RIDGE, DR. ROBERT F. THOMAS FOUNDATION IN SEVIERVILLE, AND MORRISTOWN-HAMBLEN HOSPITAL FOUNDATION IN MORRISTOWN. FUNDS RAISED BY THE FOUNDATIONS PROVIDE SERVICES, EQUIPMENT AND OTHER RESOURCES FOR EXCELLENCE IN PATIENT CARE.SERVICECOVENANT HEALTH'S VARIOUS SYSTEM-LEVEL DIVISIONS OPERATIONALLY SUPPORT AND FACILITATE THE HEALTH SYSTEM'S NOT-FOR-PROFIT MISSION OF IMPROVING THE REGION'S QUALITY OF LIFE THROUGH BETTER HEALTH. THESE DIVISIONS INCLUDE INFORMATION TECHNOLOGY, BUSINESS OFFICE AND HEALTH INFORMATION MANAGEMENT, ALONG WITH SYSTEM-WIDE DEPARTMENTS SUCH AS HUMAN RESOURCES, LEARNING AND LEADERSHIP DEVELOPMENT, AND OTHERS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Optumrx
Pharmacy Claims Services
$23,847,396
Morrison Mgmt Specialists Inc
Cafeteria Management & Catering
$20,327,722
Vizient Inc
Staffing Services
$8,331,660
Southeastern Emergency Physicians
Physician Services
$7,383,884
Ge Precision Healthcare Llc
Maintenance Agreement
$5,460,765
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $486,627
All other contributions, gifts, grants, and similar amounts not included above$934,581
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,421,208
Total Program Service Revenue$140,384,005
Investment income $41,992,332
Tax Exempt Bond Proceeds $513
Royalties $0
Net Rental Income $50,675
Net Gain/Loss on Asset Sales $4,262,701
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $106,029
Miscellaneous Revenue$0
Total Revenue $188,217,463

Grants Awarded

Over the last fiscal year, Covenant Health has awarded $365,480 in support to 16 organizations.

Grant RecipientAmount

KNOX EDUCATION FOUNDATION

PURPOSE: General support for The Great Schools Partnership

$100,000

Knoxville, TN

PURPOSE: Support for Interfaith Health Clinic

$75,000

KNOXVILLE TRACK & FIELD CLUB

Org PageRecipient Profile

Knoxville, TN

PURPOSE: Sponsorship of fundraiser marathon

$50,000

KNOXVILLE AREA URBAN LEAGUE

Org PageRecipient Profile

Knoxville, TN

PURPOSE: Support for Shoes for School event

$20,000

ST MARY'S LEGACY CLINIC

Org PageRecipient Profile

Knoxville, TN

PURPOSE: General program support for mobile health clinic

$15,000

RANDOM ACTS OF FLOWERS

Org PageRecipient Profile

Knoxville, TN

PURPOSE: Program for support for residents of local healthcare facilities

$12,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Covenant Health has recieved totaling $444,849.

Awarding OrganizationAmount
Tennessee Hospital Association

Brentwood, TN

PURPOSE: SUPPORT GRANT

$384,849
Tennessee Rural Health Recruitment And Retention Center Inc

Brentwood, TN

PURPOSE: COMMUNITY INCENTIVE

$30,000
Tennessee Rural Health Recruitment And Retention Center Inc

Brentwood, TN

PURPOSE: COMMUNITY INCENTIVE

$30,000
View Grant Recipient Profile

Peer Organizations

Organization NameAssets
Ssm Health Care Corporation
St Louis, MO
$1,033,534,741
Bjc Health System
St Louis, MO
$1,155,105,032
Appalachian Regional Healthcare Inc
Lexington, KY
$817,287,479
Memorial Health Care System Inc
Chattanooga, TN
$655,181,018
Wellmont Health System
Johnson City, TN
$662,198,822
Virginia Hospital Center Arlington Health System
Arlington, VA
$673,514,509
Owensboro Health Regional Hospital
Owensboro, KY
$709,904,993
Alexian Brothers Health System
St Louis, MO
$531,298,685
Floyd Healthcare Management Inc
Rome, GA
$501,302,033
Norton Healthcare Inc
Louisville, KY
$492,316,959
Carilion Services Inc
Roanoke, VA
$302,052,496
Gulf Health Hospitals Inc
Mobile, AL
$342,124,939

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