Covenant Health

KNOXVILLE, TN EIN: 62-1646734 Website

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

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

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$65M$130M$194M$259M20202021202220232024
Metric202420232022
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

$0$99K$197K$296K$394K18 grants202016 grants202112 grants202213 grants202313 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Knoxville Track & Field …$62KUnited Way of Greater Kn…$60KCovenant Health Foundation$52KBoys and Girls Club of t…$37KHonor Air Knoxville$20KLeadership Knoxville$16KEmerald Youth Foundation$13KKnoxville Academy of Med…$11KPellissippi State Commun…$10KAmerican Heart Association$10K

Grant Size Distribution

72 grants across all recorded years

56<$50K12$50–100K4$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Covenant Health fund?

Explore the funder–grantee relationships behind this foundation, powered by GrantGraph™ — our database of 11 million+ funding connections.

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

James D VanderSteegPresident & CEO$2.9MMichael R Belbeck JrEVP-Hosp Ops$976KM Douglas Campbell JrGeneral Counsel$875KJoseph C DolanEVP/CFO$862KJon-David DeesonEVP - Physician Enterprises$694KAmanda G Halford MDSVP - Chief Medical Officer$685KKeith N AltshulerPresident/CAO - Fort Sanders…$660KDebra A WelchSVP - Human Resources$629KWilliam C ClaboughSVP - Chief Development Offi…$596KGordon E LintzPresident/CAO - Morristown-H…$564KDevan C JohnsonPresident/CAO - Parkwest$562KWilliam M WardSVP - Chief Information Offi…$546KJeremy H BiggsPresident/CAO - Methodist Me…$530KDebra R HoneySVP - Chief Nursing Officer$529KTeresa A GilesFmr SVP - Finance (through M…$459KKathleen F ZitzmanChief Compliance Officer$397KWesley C Halford MDMedical Director Physician$390KPhilip V SchmidtDirector - Internal Audit$118KLeslye HartsellDirector$1KCosby StoneDirector$1KJames Tramontana MDDirector$1KWilliam SealeDirector$1KStephanie FloodDirector$964King PurnellDirector/Chair$935Joe SutterDirector$881Edgar GrayDirector$844Jorge SanabriaDirector$807Donald HickmanDirector$675Timothy MatthewsDirector$657Alvin NanceDirector$648

From 2024 filing

NameTitleHoursCompensation
Mitchell Dickson MDDirector1
Stephanie FloodDirector1$964
James GibsonDirector1
Edgar GrayDirector1$844
Leslye HartsellDirector1$1,124
Donald HickmanDirector1$675
Timothy MatthewsDirector1$657
Janice McKinleyDirector1
Cletus McMahon MDDirector1
Dave MillerDirector1
Bill MyersDirector1
Alvin NanceDirector1$648
Linda OgleDirector1
King PurnellDirector/Chair1$935
Jorge SanabriaDirector1$807
William SealeDirector1$1,060
Cosby StoneDirector1$1,113
Joe SutterDirector1$881
James Tramontana MDDirector1$1,086
James D VanderSteegPresident & CEO50$2,880,556
Joseph C DolanEVP/CFO50$861,693
Kathleen F ZitzmanChief Compliance Officer50$396,574
Philip V SchmidtDirector - Internal Audit50$118,339
Michael R Belbeck JrEVP-Hosp Ops50$976,075
M Douglas Campbell JrGeneral Counsel50$874,804
Jon-David DeesonEVP - Physician Enterprises50$693,902
Amanda G Halford MDSVP - Chief Medical Officer50$685,012
Debra A WelchSVP - Human Resources50$629,172
William C ClaboughSVP - Chief Development Officer50$595,648
William M WardSVP - Chief Information Officer50$546,146
Debra R HoneySVP - Chief Nursing Officer50$529,114
Teresa A GilesFmr SVP - Finance (through May 2024)50$458,845
Keith N AltshulerPresident/CAO - Fort Sanders Reg$659,599
Gordon E LintzPresident/CAO - Morristown-Hamblen$564,436
Devan C JohnsonPresident/CAO - Parkwest$562,166
Jeremy H BiggsPresident/CAO - Methodist Med Ctr$530,098
Wesley C Halford MDMedical Director Physician50$389,543

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

2states

Cities

Des MoinesGatlinburgKnoxvilleLouisvilleMorristownSeviervilleTownsend

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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