Covenant Health Inc logo

Covenant Health Inc

Public charity · Grantmaker Andover, MA EIN: 22-2484505 Website

Covenant Health is an innovative Catholic health organization committed to advancing the healing ministry of Jesus.

Key facts about Covenant Health Inc

In short: Covenant Health Inc gave $20K across 2 grants in 2024 (avg $10K), mostly in Massachusetts. Source: 2024 IRS Form 990.

EIN
22-2484505
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$20,000
Grants made (2024)
2
Average grant
$10,000
Median grant
$10,000
Total assets
$381,488,892
Primary geography
Massachusetts (50% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$381.5M

+4.8% YoY

Annual Giving

$20K

-65.0% YoY

Grant Count

2

-66.7% YoY

Avg Grant Size

$10K

+5.0% YoY

How Covenant Health Inc gives

  • Giving grew 296% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Covenant Health Inc

Based on IRS filings

Covenant Health Inc is a public charity focused on Health, based in Andover, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $381.5M in total assets. In 2024, it awarded 2 grants totaling $20K. Net investment income was $109K.

Focus Areas

Open Grants

1 open opportunity from Covenant Health Inc

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

5states

Share of 2024 grant dollars across all 2 itemized grants.

Cities

BangorElmhurst TownshipLawrenceWalthamBiddefordBrocktonCumberlandLewistonNashuaWorcester

Giving Over Time

Total grant dollars and number of grants per year

$0$25K$50K$75K$100KTotal only2020 1 grant2021 5 grants2022 6 grants2023 2 grants2024

From 2020 to 2024, annual grant giving ranged from $3K (2020) to $80K (2022). In 2024 it made 2 grants totaling $20K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

MI Nursing Restorative Center Inc: $10KMI Nursing Restorative CenterInc$10KSt Andre Health Care Facility: $10KSt Andre Health Care Facility$10K

The largest 2024 recipient was MI Nursing Restorative Center Inc ($10K). Together the top 2 received $20K.

Grant Size Distribution

14 grants across all recorded years

14<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 14 grants of 14 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
MI Nursing Restorative Center Inc Lawrence, MAFunding for medical supplies and professional education.$10,000
St Andre Health Care Facility Biddeford, MEFunding for medical supplies and professional education.$10,000

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$25M$50M$75M$100M2020 2021 2022 2023 2024
Metric202420232022
Total Assets$381,488,892$364,146,367$348,125,512
Revenue$77,518,193$78,489,788$80,912,625
Expenses$76,713,106$74,210,597$79,496,874
Net Investment Income$109,313$14,770$1,403,534

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 11, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 8, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 7, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 5, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Covenant Health Inc is led by Stephen Grubbs, President & CEO on every filing since 2020; 12 of 26 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Stephen Grubbs

    President & CEO

    On filings since 2020

    40 hrs/week

    $883K (2020) → $1.2M (2024)

  • James Coffey

    Ch Senior Vice President, President & Ch Foundation

    Ch Senior Vice President, President & Ch Foundation → Ch Senior Vice President, President & Ch Founder, 2021

    Ch Senior Vice President, President & Ch Founder → Ch Senior Vice President, President & Ch Foundation, 2022

    On filings since 2020

    1 hr/week

    $265K (2020) → $301K (2024)

  • John Jurczyk

    Senior Vice President & President Sjh Nashua

    Senior Vice President, President & Sjh Nashua → Senior Vice President, President & Sjh Nashu, 2022

    Senior Vice President, President & Sjh Nashu → Senior Vice President & President Sjh Nashua, 2023

    On filings since 2020

    $477K (2020) → $476K (2024)

  • Mary Prybylo

    Senior Vice President & President Sjh Bangor

    Senior Vice President, President & Sjh Bangor → Senior Vice President & President Sjh Bangor, 2023

    On filings since 2020

    $456K (2020) → $536K (2024)

  • Eric Hardy

    Senior Vice President & President Pac Finance

    Vice President Finance Provider Enterprise & Pac → Senior Vice President & President Pac Finance, 2024

    On filings since 2023

    40 hrs/week

    $270K (2023) → $297K (2024)

  • John Oliverio

    Chair

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Bruce Bonnell MD MPH

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Lesley Adkinson E PhD RN

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Louise Trottier

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Mark W Anthoine Sr.

    Director

    Finance Committee Chair → Director, 2022

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Sr Catherine O'Connor

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Thomas Mortimer

    Director

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Catherine P Lovecchio PhD RN

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Cherie Noe MD

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Gino J Pazzaglini

    Director

    On filings since 2021

    2 hrs/week

    No compensation reported

  • Ralph Jenkins

    Director & Vice Chair

    Director → Director & Vice Chair, 2024

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Robert A Clark

    Director

    On filings since 2023

    2 hrs/week

    No compensation reported

  • Douglas Waite

    Senior Vice President & Chief Medical Officer

    On filings since 2020

    40 hrs/week

    $620K (2020) → $637K (2024)

  • John Emerson

    Senior Vice President Integrated Medical Group

    On filings since 2020

    40 hrs/week

    $415K (2020) → $430K (2024)

  • John Newman

    Senior Vice President General Counsel

    On filings since 2020

    40 hrs/week

    $446K (2020) → $815K (2024)

  • Stephen Forney

    Senior Vice President & Chief Financial Officer

    On filings since 2020

    40 hrs/week

    $592K (2020) → $818K (2024)

  • Ivan Ip

    System Vice President & Chief Med Info Officer

    Senior Vice President & Chief Medical Info. Officer → System Vice President & Chief Med Info Officer, 2023

    On filings since 2022

    40 hrs/week

    $361K (2022) → $372K (2024)

  • Anup Myneni

    Deputy General Counsel

    New on the 2024 filing

    $290K (2024)

  • Paige Hagerstorm

    System Assistant Vice President Employee Experience

    New on the 2024 filing

    $290K (2024)

  • Kenneth E Arnold

    Vice Chair

    On filings since 2020

    2 hrs/week

    No compensation reported

  • Kathy Connerton JD MBA

    Treasurer

    Director → Treasurer, 2024

    On filings since 2021

    2 hrs/week

    No compensation reported

Former officers (14)
  • Former: Karen Bowling (2020–2023) — Former Senior Vice President & CIO
  • Former: Richard Plamondon (2020–2023) — Vice President Finance & CFO Sjh Nashua
  • Former: Steven Jorgensen (2020–2023) — Senior Vice President & President Smhs Lewiston
  • Former: William P Lucy (2020–2023) — Director
  • Former: Aisha Barlatier-Bonny (2021–2023) — Director
  • Former: Gerard Foley (2020–2022) — Senior Vice President & President Post Acute Care
  • Former: Brian Sweeney (2022) — System Physician Advisor
  • Former: James F Loftus IV (2020–2021) — Director
  • Former: John Isaacson (2020–2021) — Director
  • Former: Katherine Bechtold (2020–2021) — Senior Vice President & Chief Nursing Officer
  • Former: Thomas Kelly (2020–2021) — Director
  • Former: Timothy Juergensen (2021) — Vice President & Chief Employee Experience Officer
  • Former: Aisha Bonny (2020) — Director
  • Former: Michael Hendrix (2020) — Vice President Finance

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Stephen Grubbs — President & CEO: $1.2MStephen GrubbsPresident & CEO$1.2MStephen Forney — SVP and Chief Financial Officer: $818KStephen ForneySVP and Chief Financial Officer$818KJohn Newman — SVP General Counsel: $815KJohn NewmanSVP General Counsel$815KDouglas Waite — SVP and Chief Medical Officer: $637KDouglas WaiteSVP and Chief Medical Officer$637KMary Prybylo — SVP & President SJH Bangor: $536KMary PrybyloSVP & President SJH Bangor$536KJohn Jurczyk — SVP & President SJH Nashua: $476KJohn JurczykSVP & President SJH Nashua$476KJohn Emerson — SVP Integrated Medical Group: $430KJohn EmersonSVP Integrated Medical Group$430KIvan Ip — System VP & Chief Med Info Officer: $372KIvan IpSystem VP & Chief Med Info…$372KJames Coffey — CH SVP; President, CH Foundation: $301KJames CoffeyCH SVP; President, CH Foundation$301KEric Hardy — SVP & President PAC Finance: $297KEric HardySVP & President PAC Finance$297KAnup Myneni — Deputy General Counsel: $290KAnup MyneniDeputy General Counsel$290KPaige Hagerstorm — System Assistant VP Employee Experience: $290KPaige HagerstormSystem Assistant VP Employee…$290K

The highest reported compensation on the 2024 filing was $1.2M, to Stephen Grubbs (President & CEO). 12 officers or directors reported compensation on that filing.

Frequently asked questions about Covenant Health Inc

How much does Covenant Health Inc give each year?

Covenant Health Inc gave $20K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $57K across 6 grants.

How large is Covenant Health Inc?

Covenant Health Inc reported $381.5M in total assets on its 2024 IRS Form 990. Its revenue that year was $77.5M.

What is Covenant Health Inc?

Covenant Health Inc is a public charity focused on Health, based in Andover, MA. It holds $381.5M in total assets as of 2024.

Where does Covenant Health Inc operate?

Covenant Health Inc has awarded grants in Massachusetts, Maine, New Hampshire, Pennsylvania, Rhode Island.

What is Covenant Health Inc's EIN?

Covenant Health Inc's EIN (Employer Identification Number) is 22-2484505. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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