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COVENANT HEALTH INVESTMENT TRUST

EIN 04-6835128 ANDOVER, MA

Largest nonprofits in Massachusetts

Revenue 2024
$10,513,988
Expenses 2024
$938,821

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
E120
Classification
1700
Street
40 SHATTUCK RD STE 317

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Group exemption

A subordinate covered by the group exemption of UNITED STATES CATHOLIC CONFERENCE (EIN 53-0196617). matched by us

The IRS lists each organization's group exemption number; we match a subordinate to its central organization by that number and the affiliation code the IRS assigns.

Mission and programs · 2024

Mission

Covenant Health Investment Trust (formerly Providentia Prima Trust) was established to hold and manage pooled investments of various organizations exempt from Federal income tax under Section 501(c)(3)

  • Covenant Health Investment Trust (formerly Providentia Prima Trust) was established to hold and manage pooled investments of various organizations exempt from Federal income tax under Section 501(c)(3).

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • Stephen Grubbs

    President & CEO

    Total calculated
    $1,276,101
    From this org
    $0
    From related orgs
    $1,235,937
    Other
    $40,164
    Hours/week
    1 + 44.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $805,455 related
    Bonus
    $0 + $400,000 related
    Other
    $0 + $30,482 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $29,814 related
    Filer's total
    $0 + $1,276,101 related
  • Lesley Adkinson E PhD RN

    Director

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Mark W Anthoine Sr

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Bruce Bonnell MD MPH

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Robert A Clark

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Catherine P Lovecchio PhD RN

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Thomas Mortimer

    Director

    Total calculated
    $0
    Hours/week
    2 + 3 related
  • Cherie Noe MD

    Director (end 2/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Sr Catherine O'Connor

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Gino J Pazzaglini

    Director

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Louise Trottier

    Director

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • John Oliverio

    Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Kenneth E Arnold

    Vice Chair (end 6/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Ralph Jenkins

    Director; Vice Chair (start 6/2024)

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Kathy Connerton JD MBA

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 1 related
  • Stephen Forney

    SVP and Chief Financial Officer

    Total calculated
    $853,861
    From this org
    $0
    From related orgs
    $817,738
    Other
    $36,123
    Hours/week
    1 + 40.6 related

    Schedule J breakdown matched by us

    Base
    $0 + $511,279 related
    Bonus
    $0 + $300,000 related
    Other
    $0 + $6,459 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $36,123 related
    Filer's total
    $0 + $853,861 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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $10,513,988
    Expenses
    $938,821
    Contributions
    $0
    Grants paid
    $0
  • 2023
    Revenue
    -$4,632,096
    Expenses
    $1,079,411
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    -$914,895
    Expenses
    $0
    Contributions
    $0
    Grants paid
    $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $68,215,808
    Expenses
    $0
    Assets (EOY)
    $352,819,682
  • 2019 · 990

    Revenue
    $20,875,840
    Expenses
    $694,840
    Assets (EOY)
    $269,001,472
  • 2018 · 990

    Revenue
    $9,895,750
    Expenses
    $772,064
    Assets (EOY)
    $223,818,120
  • 2017 · 990

    Revenue
    $6,497,552
    Expenses
    $748,224
    Assets (EOY)
    $296,055,490
  • 2016 · 990

    Revenue
    $5,538,253
    Expenses
    $700,464
    Assets (EOY)
    $239,803,223
  • 2015 · 990

    Revenue
    $10,343,213
    Expenses
    $838,319
    Assets (EOY)
    $238,250,753
  • 2014 · 990

    Revenue
    $13,388,378
    Expenses
    $870,581
    Assets (EOY)
    $248,792,972
  • 2013 · 990

    Revenue
    $12,418,420
    Expenses
    $818,648
    Assets (EOY)
    $232,932,602
  • 2012 · 990

    Revenue
    not reported
    Expenses
    $851,295
    Assets (EOY)
    $179,178,125
  • 2011 · 990

    Revenue
    not reported
    Expenses
    $793,693
    Assets (EOY)
    $147,469,529

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

The first 25 as filed. The return lists every one.

Declared as related by

The most recent declarers. The API serves every row.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Related corporations and trusts on its 2024 return

  • Covenant Health Insurance LTD

    C · Self-insurance company · CJ

  • Campus Holding

    C · Holding company · ME

  • St Joseph Corporate Services Inc

    C · Holding company · NH

  • Strauss Incorporated

    C · Repairs and transcriptions · ME

  • GNM Corporation

    C · Real estate holding company · NH

  • SJ Physicians Services

    C · Physician practice · NH

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Not present in the most recent drop.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 1 November 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.