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Nonprofiteer
← COVENANT HOSPICE INC

Form 990 for tax year 2024

Filed by COVENANT HOSPICE INC.

Totals

Total revenue
$11,697,831
Total expenses
$19,880,026
Contributions and grants received
$1,231,674
Grants paid
$0
Program service revenue
$14,821,669
Investment income
-$3,874,309
Other revenue
-$481,203
Total assets, end of year
$56,759,112
Total liabilities, end of year
$2,181,880
Net assets or fund balances, end of year
$54,577,232
Program services expenses (Part IX)
$10,066,146
Management and general expenses
$9,813,880
Fundraising expenses
$0
Program service expenses (Part III)
$10,066,146

Program services were 50.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $575

  • 1e · Government grants (contributions)

    $1,013,193

  • 1f · All other contributions, gifts and grants

    $217,906

  • 2a · Program service revenue: PATIENT SERVICE REVENUE

    total $14,821,669 · related or exempt $14,821,669

  • 3 · Investment income

    total $2,052 · excluded $2,052

  • 7a · Gross sales of assets other than inventory

    other assets $7,953,892

  • 7b · Less cost or other basis and sales expenses

    other assets $11,830,253

  • 7c · Gain or loss

    other assets -$3,876,361

  • 7d · Net gain or loss

    total -$3,876,361 · excluded -$3,876,361

  • 11a · Other revenue: OTHER REVENUE

    total $27,845 · excluded $27,845

  • 11b · Other revenue: INCREASE IN CASH SURRENDER

    total -$509,048 · excluded -$509,048

  • 11e · Other revenue, total

    -$481,203

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $35,000 · management and general $35,000

  • 7 · Other salaries and wages

    total $8,824,419 · program services $3,552,078 · management and general $5,272,341

  • 8 · Pension plan contributions

    total $8,181 · program services $6,381 · management and general $1,800

  • 9 · Other employee benefits

    total $1,250,200 · program services $264,165 · management and general $986,035

  • 10 · Payroll taxes

    total $399,954 · program services $268,350 · management and general $131,604

  • 11b · Fees: legal

    total $24,805 · management and general $24,805

  • 11c · Fees: accounting

    total $317,307 · management and general $317,307

  • 11f · Fees: investment management

    total $7,500 · management and general $7,500

  • 11g · Fees: other

    total $318,009 · management and general $318,009

  • 12 · Advertising and promotion

    total $168,094 · management and general $168,094

  • 13 · Office expenses

    total $519,283 · management and general $519,283

  • 16 · Occupancy

    total $449,213 · management and general $449,213

  • 17 · Travel

    total $71,606 · management and general $71,606

  • 20 · Interest

    total $208,020 · management and general $208,020

  • 22 · Depreciation, depletion and amortization

    total $609,871 · management and general $609,871

  • 23 · Insurance

    total $222,103 · management and general $222,103

  • 24a · Other expenses: ROOM AND BOARD

    total $4,119,652 · program services $4,119,652

  • 24b · Other expenses: DRUGS AND SUPPLIERS

    total $1,220,543 · program services $1,220,543

  • 24c · Other expenses: MISCELLANEOUS

    total $466,681 · management and general $466,681

  • 24d · Other expenses: DIRECT PATIENT COST

    total $300,400 · program services $300,400

  • 24e · All other expenses

    total $339,185 · program services $334,577 · management and general $4,608

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $30,354 · end of year $40,897

  • 2 · Savings and temporary cash investments

    beginning of year $4,251,560 · end of year $854,426

  • 3 · Pledges and grants receivable

    beginning of year $8,294,406 · end of year $2,241,040

  • 4 · Accounts receivable

    beginning of year $6,924,065 · end of year $517,616

  • 8 · Inventories for sale or use

    beginning of year $83,143 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $285,047

  • 10a · Land, buildings and equipment: cost or other basis

    $20,530

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $10,105,863 · end of year $20,530

  • 11 · Investments: publicly traded securities

    beginning of year $41,843

  • 14 · Intangible assets

    beginning of year $201,451

  • 15 · Other assets

    beginning of year $50,065,700 · end of year $53,084,603

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,623,192 · end of year $577,385

  • 23 · Secured mortgages and notes payable

    beginning of year $6,891,916 · end of year $1,604,495

  • 27 · Net assets without donor restrictions

    beginning of year $60,735,305 · end of year $52,326,307

  • 28 · Net assets with donor restrictions

    beginning of year $2,033,019 · end of year $2,250,925

Mission and programs · 2024

Mission

COVENANT HOSPICE IS DEDICATED TO PROVIDING COMPREHENSIVE, COMPASSIONATE SERVICES TO PATIENTS AND THEIR LOVED ONES DURING TIMES OF LIFE-LIMITING ILLNESSES. SINCE DYING IS A PART OF THE NORMAL PROCESS OF LIFE, THE FOCUS OF COVENANT HOSPICE TO PATIENTS AND THEIR LOVED ONES DURING TIMES OF LIFE-LIMITING ILLNESSES.

Activities or mission (Part I)

COVENANT HOSPICE IS DEDICATED TO PROVIDING COMPREHENSIVE, COMPASSIONATE SERVICES TO PATIENTS AND THEIR LOVED ONES DURING TIMES OF LIFE-LIMITING ILLNESSES.

  • DURING 2024, DIRECT CARE WAS PROVIDED TO 1,915 PATIENTS IN NORTHWEST FLORIDA AND SOUTH ALABAMA. COVENANT HOSPICE, INC. ALSO OFFERS A PREDIATRIC PALLIATIVE CARE PROGRAM. "PARTNERS IN CARE: TOGETHER FOR KIDS", TO CHILDREN FROM BIRTH TO AGE 21 WHO ARE COPING WITH POTENTIALLY LIFE-LIMITING CONDITIONS.

    Expenses $10,066,146 · Revenue $14,821,669

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rodney Guttmann

    PAST CHAIR/ INTERIM CEO

    Total calculated
    $50,375
    From this org
    $0
    From related orgs
    $0
    Other
    $50,375
    Hours/week
    40

  • Tom Owens

    TRESURER

    Total calculated
    $0
    Hours/week
    4

  • Brett Parra

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Kent Skolrood

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Dick Appleyard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • James Jamie Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Miller Caldwell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Peter Jennings

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Steve Sarros

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jeff Mislevy

    PRESIDENT/CEO

    Total calculated
    $4,545,048
    From this org
    $0
    From related orgs
    $4,317,048
    Other
    $228,000
    Hours/week
    40 + 16 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,262 related
    Bonus
    $0 + $4,047,160 related
    Other
    $0 + $14,626 related
    Deferred
    $228,000
    Nontaxable benefits
    $0
    Filer's total
    $228,000 + $4,317,048 related

  • Roland Cleneay

    CFO

    Total calculated
    $1,413,020
    From this org
    $0
    From related orgs
    $1,391,670
    Other
    $21,350
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,613 related
    Bonus
    $0 + $1,242,945 related
    Other
    $0 + $10,112 related
    Deferred
    $10,675
    Nontaxable benefits
    $0
    Filer's total
    $10,675 + $1,391,670 related

  • Michael Hitchcock

    VP FINANCE

    Total calculated
    $265,301
    From this org
    $0
    From related orgs
    $265,301
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $239,801 related
    Bonus
    $0 + $25,500 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $265,301 related

  • Steven Donchey

    CMO, SENIOR VP

    Total calculated
    $313,368
    From this org
    $0
    From related orgs
    $313,368
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $233,093 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $5,275 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $313,368 related

  • Kristen McGehee

    COO

    Total calculated
    $645,430
    From this org
    $0
    From related orgs
    $645,430
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $117,394 related
    Bonus
    $0 + $517,500 related
    Other
    $0 + $10,536 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $645,430 related

  • Brian Tieman

    CPO

    Total calculated
    $1,134,754
    From this org
    $0
    From related orgs
    $1,040,954
    Other
    $93,800
    Hours/week
    40 + 12 related

    Schedule J breakdown matched by us

    Base
    $0 + $123,690 related
    Bonus
    $0 + $911,250 related
    Other
    $0 + $6,014 related
    Deferred
    $93,800
    Nontaxable benefits
    $0
    Filer's total
    $93,800 + $1,040,954 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

  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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

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

No itemized grants to organizations on this return.

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 corporations and trusts

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

  • CHARITABLE REMAINDER TRUST

    T · TRUST · FL

    Directly controlled by COVENANT HOSPICE INC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523209349302327

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