WE, COVENANT MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. COVENANT MEDICAL CENTER IS A MEMBER OF TRINITY HEALTH.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$245.0M
+8.8% YoY
Annual Giving
$241K
Grant Count
3
Avg Grant Size
$80K
About Covenant Medical Center Inc
Based on IRS filings
Covenant Medical Center Inc is a nonprofit organization focused on Health, based in WATERLOO, IA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $245.0M in total assets. In 2024, it awarded 3 grants totaling $241K. Net investment income was $1.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $244,970,247 | $225,227,682 | $232,340,664 |
| Revenue | $401,603,286 | $328,841,980 | $319,111,884 |
| Expenses | $375,191,522 | $335,820,032 | $335,364,281 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,204,706 | $805,635 | $-2,050,384 |
| 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 3 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JACK DUSENBERY | FORMER OFFICER | — | $764,091 |
| AHSAN MAQSOOD MD | PHYSICIAN - CARDIOLOGY | 50 | $1,666,715 |
| RICHARD NAYLOR DO | PHYSICIAN - ORTHOPEDICS | 50 | $1,605,978 |
| VICTOR MUJICA MD | PHYSICIAN - GASTROENTEROLOGY | 50 | $1,275,186 |
| JASON STANFORD DO | PHYSICIAN - ORTHOPEDICS | 50 | $1,165,853 |
| GARY KNUDSON MD | PHYSICIAN - ORTHOPEDICS | 50 | $1,138,987 |
| MICHAEL WEGNER | DIR 8-12/23; PRES MERCY IA THR 12/23 | 1 | — |
| MATTHEW SOJKA MD | VP, MEDICAL AFFAIRS | 40 | $501,683 |
| RACHELLE MAKINDE MD | DIRECTOR; PHYSICIAN | 47 | $464,239 |
| BRIAN BURNETT MD | DIRECTOR; PHYSICIAN | 47 | $394,031 |
| RYAN MEYER | COO | 40 | $125,643 |
| KELLY RICHARDS | CHIEF NURSING OFFICER | 40 | $337,146 |
| TIMOTHY HUBER | ASSISTANT TREASURER; VP OF FINANCE | 40 | $312,625 |
| NANCY SCHAEFER | ASSISTANT SECRETARY; EXEC ASSISTANT | 37 | $68,374 |
| DAVID DEAVER | DIRECTOR; CHAIR | 1 | — |
| SANDRA BENAK | DIRECTOR | 1 | — |
| TIMOTHY BOETTGER | DIRECTOR | 1 | — |
| ALAN KRUGER | DIRECTOR | 1 | — |
| CAROL TOUSLEY | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Related Funders
Similar funders by location and focus area
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Barbara Jean Couturier Charitable T
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Total Given
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The Joseph Andres Family Foundation
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Total Given
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Lohse Family Foundation
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Assets
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Total Given
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Vande Brake Family Foundation
ORANGE CITY, IA
Assets
$172K
Grants
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Total Given
$47K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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