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← COVENANT HEALTH FOUNDATION

Form 990 for tax year 2024

Filed by COVENANT HEALTH FOUNDATION.

Totals

Total revenue
$1,951,026
Total expenses
$2,609,005
Contributions and grants received
$1,462,077
Grants paid
$2,362,675
Program service revenue
not reported
Investment income
not reported
Other revenue
not reported
Total assets, end of year
not reported
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
not reported
Program services expenses (Part IX)
$2,362,675
Management and general expenses
$71,807
Fundraising expenses
$174,523
Program service expenses (Part III)
$2,362,675

Program services were 90.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Kathy May-Martin

    Director/Chair (through Dec 2024)

    Total calculated
    $0
    Hours/week
    1

  • Chad Schollaert

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mary Child

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jamie Wakefield

    Director

    Total calculated
    $0
    Hours/week
    1

  • Marty Gibbs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Charles Griffin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Alan Hill

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Hurt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tyler Janow

    Director

    Total calculated
    $0
    Hours/week
    1

  • James D VanderSteeg

    President & CEO

    Total calculated
    $3,242,830
    From this org
    $0
    From related orgs
    $2,880,556
    Other
    $362,274
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,578,849 related
    Bonus
    $0 + $1,078,259 related
    Other
    $0 + $223,448 related
    Deferred
    $0 + $335,103 related
    Nontaxable benefits
    $0 + $27,171 related
    Filer's total
    $0 + $3,242,830 related

  • William R Bryant Jr

    VP and Chief Philanthrophy Officer

    Total calculated
    $321,644
    From this org
    $0
    From related orgs
    $297,119
    Other
    $24,525
    Hours/week
    11 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $262,008 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $25,111 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $24,525 related
    Filer's total
    $0 + $321,644 related

  • Patrick J Birmingham IV

    Fmr VP Philanthr. (through Feb 2024)

    Total calculated
    $303,083
    From this org
    $0
    From related orgs
    $265,432
    Other
    $37,651
    Hours/week
    8 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,576 related
    Bonus
    $0 + $30,000 related
    Other
    $0 + $47,856 related
    Deferred
    $0 + $10,699 related
    Nontaxable benefits
    $0 + $26,952 related
    Filer's total
    $0 + $303,083 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
Covenant Health, the parent company of Covenant Health Foundation, used the following methods in establishing the compensation of President/CEO, James D. VanderSteeg: compensation committee, independent compensation consultant, written employment contract, compensation survey or study, and approval by the board or compensation committee. Additional detail is provided in response to Form 990, Part VI, Section B, Lines 15a and 15b within Schedule O.
Part I, Line 4b
Covenant Health maintains a nonqualified deferred compensation ("NQDC") plan intended to support retention of President and CEO, James D. VanderSteeg. Employer contributions of $321,903 are reported as deferred compensation on Schedule J, Part II, Column C. Contributions along with 2024 earnings of $114,551 are subject to a substantial risk of forfeiture. Amounts are combined with other compensation and considered for reasonableness. Compensation procedures are discussed in detail in Schedule O (Form 990, Part VI, Section B, Line 15a). Please note that the amounts included in Part II, Column C as contributions to the NQDC plan for James D. VanderSteeg and other executive leaders are deferred but NOT received during the filing year. We report compensation in both the year earned and the year paid, as required by IRS guidelines; however, wages appear overstated due to dual reporting of compensation earned in one year and distributed in a subsequent year.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • Parkwest Medical Center

    $1,034,638

    To help support cardiac and pulmonary rehab programs, as well as provide for equipment, staff and patient education, staff recognition rewards. Also funded renovation/expansion of the Covenant Therapy Center which is a department under Parkwest.Funds support a variety of needs at Pennisula Hospital and outpatient clinics, includig patient crisis needs (housing, clothing, transportation), 30-day supply of medication at discharge for patients unable to pay for presecriptions, and art and music therapy services/supplies. Funds also support salaries for peer counselors working in the Emergency Departments' Diversion Program to support behavioral health patients and reduce repeat ED visits. Funds also provide behavioral health therapist services for patients in the KARM onsite clinic.

  • Fort Sanders Regional Medical Center

    $371,048

    To help provide equipment, staff and patient education, rehabilitation programs and cardiopulmonary programs, CVA, brain injury and amputee support groups. Also helps provide activities for Patricia Neal Rehabilitation Hospital and outpatient clinics patients and the physically-challenged in the community through the Innovative Recreation Cooperative.

  • Covenant HomeCare

    $300,122

    To help provide patient and family care through Homecare/Hospice, as well as the Katerpillar Kids Camp program for children dealing with the loss of loved one. Also assist with the onsite clinic at Knox Area Rescue Ministires (KARM), providing nurses and patient care to unhoused individuals seeking services at KARM.

  • Covenant Health

    $300,000

    New Covenant Health VP Philanthropy with exceptional fundraising experience hired in early 2024. Foundation board agreed to cover a portion of his first year of salary/benefits.

  • Thompson Cancer Survival Center

    $26,674

    To provide support for Fellowship Outpatient Lodging program which funds hotel stays for patients traveling long distances for treatment.

  • Methodist Medical Center

    $5,337

    Education to help provide Stroke Rehab Therapy training and Dry Needling Courses for therapists of the Covenant Therapy Center which is a department of Methodist.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202543079349300439

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