Covenant Health supports its member hospitals and other organizations (see Schedule A) serve the community by improving the quality of life through better health, regardless of a patient's ability to pay.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.0B
+8.6% YoY
Annual Giving
$314K
-20.4% YoY
Grant Count
13
+0.0% YoY
Avg Grant Size
$24K
-20.4% YoY
About Covenant Health
Based on IRS filings
Covenant Health is a nonprofit organization focused on Health, based in KNOXVILLE, TN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.0B in total assets. In 2024, it awarded 13 grants totaling $314K. Net investment income was $63.0M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,956,038,753 | $1,801,246,321 | $1,741,953,217 |
| Revenue | $235,666,950 | $207,141,823 | $220,269,899 |
| Expenses | $203,004,800 | $191,450,181 | $180,206,350 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $63,042,227 | $49,728,780 | $69,761,345 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
72 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Knoxville Track & Field Club ($61,948), United Way of Greater Knoxville Inc ($60,000), Covenant Health Foundation ($52,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Boys and Girls Club of the Tennessee Valley Knoxville, TN | General support | $36,500 |
| Emerald Youth Foundation Knoxville, TN | General support | $12,500 |
| Covenant Health Foundation Knoxville, TN | Support for fundraisers benefitting Covenant Health hospitals | $52,000 |
| Honor Air Knoxville Knoxville, TN | Sponsorship for two flights | $20,000 |
| Knoxville Area Urban League Knoxville, TN | Leadership development | $8,750 |
| Knoxville Track & Field Club Knoxville, TN | Sponsorship of fundraiser marathon | $61,948 |
| Leadership Knoxville Knoxville, TN | General support | $16,000 |
| Pellissippi State Community College Foundation Knoxville, TN | Support for Center for Math & Science | $10,000 |
| Random Acts of Flowers Knoxville, TN | General support | $7,000 |
| Region II Emergency Medical Services Directors Association Louisville, TN | Sponsorship of program for Emergency Mgmt Service Directors | $8,250 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Mitchell Dickson MD | Director | 1 | — |
| Stephanie Flood | Director | 1 | $964 |
| James Gibson | Director | 1 | — |
| Edgar Gray | Director | 1 | $844 |
| Leslye Hartsell | Director | 1 | $1,124 |
| Donald Hickman | Director | 1 | $675 |
| Timothy Matthews | Director | 1 | $657 |
| Janice McKinley | Director | 1 | — |
| Cletus McMahon MD | Director | 1 | — |
| Dave Miller | Director | 1 | — |
| Bill Myers | Director | 1 | — |
| Alvin Nance | Director | 1 | $648 |
| Linda Ogle | Director | 1 | — |
| King Purnell | Director/Chair | 1 | $935 |
| Jorge Sanabria | Director | 1 | $807 |
| William Seale | Director | 1 | $1,060 |
| Cosby Stone | Director | 1 | $1,113 |
| Joe Sutter | Director | 1 | $881 |
| James Tramontana MD | Director | 1 | $1,086 |
| James D VanderSteeg | President & CEO | 50 | $2,880,556 |
| Joseph C Dolan | EVP/CFO | 50 | $861,693 |
| Kathleen F Zitzman | Chief Compliance Officer | 50 | $396,574 |
| Philip V Schmidt | Director - Internal Audit | 50 | $118,339 |
| Michael R Belbeck Jr | EVP-Hosp Ops | 50 | $976,075 |
| M Douglas Campbell Jr | General Counsel | 50 | $874,804 |
| Jon-David Deeson | EVP - Physician Enterprises | 50 | $693,902 |
| Amanda G Halford MD | SVP - Chief Medical Officer | 50 | $685,012 |
| Debra A Welch | SVP - Human Resources | 50 | $629,172 |
| William C Clabough | SVP - Chief Development Officer | 50 | $595,648 |
| William M Ward | SVP - Chief Information Officer | 50 | $546,146 |
| Debra R Honey | SVP - Chief Nursing Officer | 50 | $529,114 |
| Teresa A Giles | Fmr SVP - Finance (through May 2024) | 50 | $458,845 |
| Keith N Altshuler | President/CAO - Fort Sanders Reg | — | $659,599 |
| Gordon E Lintz | President/CAO - Morristown-Hamblen | — | $564,436 |
| Devan C Johnson | President/CAO - Parkwest | — | $562,166 |
| Jeremy H Biggs | President/CAO - Methodist Med Ctr | — | $530,098 |
| Wesley C Halford MD | Medical Director Physician | 50 | $389,543 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Covenant Health?
Covenant Health is a nonprofit organization focused on Health, based in KNOXVILLE, TN. It holds $2.0B in total assets as of 2024.
How large is Covenant Health?
As of 2024, Covenant Health holds $2.0B in total assets with $235.7M in annual revenue. It awarded 13 grants totaling $314K in 2024.
Where does Covenant Health operate?
Covenant Health has awarded grants in Iowa, Tennessee.
What size grants does Covenant Health award?
In 2024, Covenant Health awarded 13 grants totaling $314K — an average of about $24K per grant, based on its IRS Form 990 filings.
What is Covenant Health's EIN?
Covenant Health's EIN (Employer Identification Number) is 62-1646734. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Covenant Health's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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