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.
Key facts about Covenant Health
- EIN
- 62-1646734
- Latest 990 filing
- Form 990-PF, 2024
- Annual giving (2024)
- $313,948
- Grants made (2024)
- 13
- Average grant
- $24,150
- Median grant
- $12,500
- New grantees (estimate)
- 15% first-time grantees (2 of 13, 2024)
- Total assets
- $1,956,038,753
- Primary geography
- Tennessee (97% of itemized 2024 grant dollars)
Data from IRS Form 990-PF, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
Who Covenant Health funds
By grant dollars, the top recipient states for Covenant Health's 13 itemized 2024 grants were Tennessee (97%). The most frequent recipient cities were Knoxville, TN (11 grants). 46% of grants with a stated purpose were for general or operating support.
Is Covenant Health open to new grantees?
15%
first-time grantees, 2024
In 2024, 2 of 13 grantees (15%) were first-time recipients. First grants averaged $32K; repeat grants $23K. How we count
Medians: $32K first-time, $13K repeat.
- 77% of 2024 grantees were also funded in 2023. Method
- Giving held roughly steady from 2021 to 2024 (−14%). Method
Estimate from itemized IRS Form 990-PF grant lists (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Next steps with Covenant Health
- How to evaluate Covenant Health as a funder
Our grant prospecting guide: read the 990-PF, check fit, and decide whether to apply.
- Draft an LOI to Covenant Health with AI
AI grant writing that drafts from your organization’s own materials, in your voice.
- Track this opportunity in a free grant tracker
A free Google Sheets or Excel template for deadlines, award terms, and reports due.
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
Ready to take the next step with Covenant Health?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of all 13 itemized 2024 grant dollars.
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 | — | — | — |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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 recipients include Knoxville Track & Field Club ($61,948), United Way of Greater Knoxville Inc ($60,000), Covenant Health Foundation ($52,000).
| Recipient | Purpose | Amount |
|---|---|---|
| Knoxville Track & Field Club Knoxville, TN | Sponsorship of fundraiser marathon | $61,948 |
| United Way of Greater Knoxville Inc Knoxville, TN | Support for Interfaith Health Clinic | $60,000 |
| Covenant Health Foundation Knoxville, TN | Support for fundraisers benefitting Covenant Health hospitals | $52,000 |
| Boys and Girls Club of the Tennessee Valley Knoxville, TN | General support | $36,500 |
| Honor Air Knoxville Knoxville, TN | Sponsorship for two flights | $20,000 |
| Leadership Knoxville Knoxville, TN | General support | $16,000 |
| Emerald Youth Foundation Knoxville, TN | General support | $12,500 |
| Knoxville Academy of Medicine Alliance Knoxville, TN | General support | $11,000 |
| Pellissippi State Community College Foundation Knoxville, TN | Support for Center for Math & Science | $10,000 |
| American Heart Association Des Moines, IA | General support | $10,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 IRS 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
Similar Funders
Funders that support many of the same organizations
University Health System Inc
Knoxville, TN
Assets
$1.3B
Grants
34
Total Given
$552K
The Clayton Family Foundation
Knoxville, TN
Assets
$92.6M
Grants
47
Total Given
$11.1M
Stowers Machinery Foundation Inc
Knoxville, TN
Assets
—
Grants
106
Total Given
$1.0M
Haslam Family Foundation Inc
Knoxville, TN
Assets
$19.3M
Grants
34
Total Given
$8.0M
Battelle Memorial Institute
Columbus, OH
Assets
$1.8B
Grants
162
Total Given
$17.4M
East Tennessee Foundation
Knoxville, TN
Assets
$282.5M
Grants
298
Total Given
$14.4M
The Clayton Homes Foundation
Maryville, TN
Assets
$6.4M
Grants
93
Total Given
$6.3M
The Boyd Foundation
Knoxville, TN
Assets
$98.0M
Grants
60
Total Given
$9.4M
Texas Instruments Foundation
Dallas, TX
Assets
$73.0M
Grants
4,484
Total Given
$22.6M
The Community Foundation of Middle
Nashville, TN
Assets
$832.0M
Grants
2,450
Total Given
$107.1M
Dollar General Employee Assistance
Goodletsville, TN
Assets
$4.5M
Grants
1,654
Total Given
$2.6M
Enterprise Holdings Foundation
Saint Louis, MO
Assets
—
Grants
9,499
Total Given
$73.1M
More Funders in Tennessee
Data last updated September 2026. Sourced from IRS Form 990-PF filings.