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Nonprofiteer
← COVENANT MEDICAL CENTER INC

Form 990 for tax year 2024

Filed by COVENANT MEDICAL CENTER INC.

Totals

Total revenue
$436,425,740
Total expenses
$406,563,697
Contributions and grants received
$1,922,650
Grants paid
$269,324
Program services expenses (Part IX)
$358,316,631
Management and general expenses
$48,247,066
Fundraising expenses
$0
Program service expenses (Part III)
$358,316,631

Program services were 88.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • KURT ANDERSEN MD

    DIRECTOR AS OF 1/25; PRES CENTRAL IA

    Total calculated
    $1,931,294
    From this org
    $0
    From related orgs
    $1,685,852
    Other
    $245,442
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $901,892 related
    Bonus
    $0 + $760,907 related
    Other
    $0 + $23,053 related
    Deferred
    $0 + $205,951 related
    Nontaxable benefits
    $0 + $39,491 related
    Filer's total
    $0 + $1,931,294 related

  • AHSAN MAQSOOD MD

    PHYSICIAN - CARDIOLOGY

    Total calculated
    $1,883,442
    From this org
    $1,822,907
    From related orgs
    $0
    Other
    $60,535
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,819,011
    Bonus
    $0
    Other
    $3,896
    Deferred
    $20,425
    Nontaxable benefits
    $40,110
    Filer's total
    $1,883,442

  • RICHARD NAYLOR DO

    PHYSICIAN - ORTHOPEDICS

    Total calculated
    $1,878,624
    From this org
    $1,825,436
    From related orgs
    $0
    Other
    $53,188
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,813,637
    Bonus
    $375
    Other
    $11,424
    Deferred
    $20,425
    Nontaxable benefits
    $32,763
    Filer's total
    $1,878,624

  • VICTOR MUJICA MD

    PHYSICIAN - GASTROENTEROLOGY

    Total calculated
    $1,431,149
    From this org
    $1,370,823
    From related orgs
    $0
    Other
    $60,326
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,350,804
    Bonus
    $1,425
    Other
    $18,594
    Deferred
    $20,425
    Nontaxable benefits
    $39,901
    Filer's total
    $1,431,149

  • GARY KNUDSON MD

    PHYSICIAN - ORTHOPEDICS

    Total calculated
    $1,400,043
    From this org
    $1,349,355
    From related orgs
    $0
    Other
    $50,688
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,338,399
    Bonus
    $2,175
    Other
    $8,781
    Deferred
    $20,425
    Nontaxable benefits
    $30,263
    Filer's total
    $1,400,043

  • JASON STANFORD DO

    PHYSICIAN - ORTHOPEDICS

    Total calculated
    $1,340,978
    From this org
    $1,291,625
    From related orgs
    $0
    Other
    $49,353
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $1,288,567
    Bonus
    $1,125
    Other
    $1,933
    Deferred
    $16,675
    Nontaxable benefits
    $32,678
    Filer's total
    $1,340,978

  • JACK DUSENBERY

    FORMER OFFICER

    Total calculated
    $728,110
    From this org
    $706,410
    From related orgs
    $0
    Other
    $21,700
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $706,410
    Deferred
    $0
    Nontaxable benefits
    $21,700
    Filer's total
    $728,110

  • MATTHEW SOJKA MD

    VP, MEDICAL AFFAIRS

    Total calculated
    $653,042
    From this org
    $80,567
    From related orgs
    $521,425
    Other
    $51,050
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $48,950 + $387,390 related
    Bonus
    $0 + $119,518 related
    Other
    $31,617 + $14,517 related
    Deferred
    $2,734 + $17,691 related
    Nontaxable benefits
    $5,021 + $25,604 related
    Filer's total
    $88,322 + $564,720 related

  • RYAN MEYER

    COO

    Total calculated
    $557,288
    From this org
    $0
    From related orgs
    $452,520
    Other
    $104,768
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,429 related
    Bonus
    $0 + $111,194 related
    Other
    $0 + $6,897 related
    Deferred
    $0 + $74,425 related
    Nontaxable benefits
    $0 + $30,343 related
    Filer's total
    $0 + $557,288 related

  • RACHELLE MAKINDE MD

    DIR; V CHAIR AS OF 12/24; PHYSICIAN

    Total calculated
    $544,631
    From this org
    $489,105
    From related orgs
    $0
    Other
    $55,526
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $486,990
    Bonus
    $1,677
    Other
    $438
    Deferred
    $16,675
    Nontaxable benefits
    $38,851
    Filer's total
    $544,631

  • KELLY RICHARDS

    CHIEF NURSING OFFICER

    Total calculated
    $504,948
    From this org
    $58,939
    From related orgs
    $397,725
    Other
    $48,284
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $32,475 + $312,239 related
    Bonus
    $0 + $80,262 related
    Other
    $26,464 + $5,224 related
    Deferred
    $2,636 + $17,789 related
    Nontaxable benefits
    $4,822 + $23,037 related
    Filer's total
    $66,397 + $438,551 related

  • BRIAN BURNETT MD

    DIRECTOR; PHYS - FAMILY MEDICINE

    Total calculated
    $480,274
    From this org
    $418,705
    From related orgs
    $0
    Other
    $61,569
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $404,437
    Bonus
    $12,500
    Other
    $1,768
    Deferred
    $20,425
    Nontaxable benefits
    $41,144
    Filer's total
    $480,274

  • TIMOTHY HUBER

    ASSISTANT TREASURER; VP OF FINANCE

    Total calculated
    $397,268
    From this org
    $340,743
    From related orgs
    $0
    Other
    $56,525
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $262,960
    Bonus
    $75,965
    Other
    $1,818
    Deferred
    $20,425
    Nontaxable benefits
    $36,100
    Filer's total
    $397,268

  • NANCY SCHAEFER

    ASSISTANT SECRETARY; EXEC ASSISTANT

    Total calculated
    $77,527
    From this org
    $72,333
    From related orgs
    $0
    Other
    $5,194
    Hours/week
    37 + 3 related

  • DAVID DEAVER

    DIRECTOR; CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • SANDRA BENAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • BRYAN BURTON

    DIRECTOR AS OF 1/25

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • NANCY KERTZ

    DIRECTOR AS OF 1/25

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ALAN KRUGER

    DIRECTOR THROUGH 12/24

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • CAROL TOUSLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 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 — 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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 MEDICAL CENTER IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. COVENANT MEDICAL CENTER'S COO IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF COVENANT MEDICAL CENTER'S COO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINES 4A-B
THE FOLLOWING INDIVIDUAL RECEIVED SEVERANCE PAYMENTS IN CALENDAR 2024. THIS AMOUNT IS INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: JACK DUSENBERY - $680,992 COLUMN F OF SCHEDULE J, PART II INCLUDES THE PORTION OF THIS AMOUNT THAT WAS REPORTED AS DEFERRED COMPENSATION IN PRIOR YEARS. THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2024. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2024, AND THEIR NON-VESTED BENEFITS FOR 2024 WERE ACCRUED. THE FOLLOWING ACCRUALS FOR 2024 ARE INCLUDED IN COLUMN C OF SCHEDULE J, PART II: KURT ANDERSEN, MD - $185,526 RYAN MEYER - $57,750 THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH RESTORATION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR QUALIFIED PLANS ($345,000 FOR 2024). KELLY RICHARDS MATTHEW SOJKA, MD THERE WERE NO PAYOUTS FOR 2024 FOR THESE PARTICIPANTS.

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202611329349301406

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