Overview
What is Covenant Medical Group?
Covenant Medical Group is a non-profit, tax-exempt medical foundation headquartered in Lubbock, Texas. It is self-governing in most aspects, with a board of 16 physicians overseeing strategic planning, policy development, recruitment, quality improvement, research, and medical education activities. This physician-friendly structure enables the board members to directly impact their practice through their decisions. The group focuses on providing healthcare services to the communities in West Texas and Eastern New Mexico, with various operational models, including directly owned clinics, rural health clinics, and satellite clinic sites. Covenant Medical Group is committed to serving all, especially the vulnerable populations, as expressions of God's healing love witnessed through the ministry of Jesus. With a strong focus on community health improvement, the organization strives to reduce its carbon footprint and promote environmental stewardship.
Official website here: www.covmedgroup.org
Is Covenant Medical Group legitimate?
Covenant Medical Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Medical Group submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $9,407,739
Professional Fundraising Fees: $0
Other Salaries and Wages: $116,905,920
For more financial information, click here
Official website here: www.covmedgroup.org
What is the mission statement of Covenant Medical Group?
Covenant Medical Group, as an expression of God's healing love, remains steadfast in serving all, especially the poor and vulnerable. Through their advocacy efforts, they strive for needed healthcare reforms and innovative ways to make healthcare more accessible, convenient, and affordable for all. Their commitment to high-quality, compassionate care extends beyond insurance coverage or ability to pay. As a comprehensive healthcare organization, Covenant Medical Group serves millions of lives across seven states, transforming care for the next generation and beyond. Through community benefit programs and strategic investments, they work to ensure basic health needs are met and remove barriers to care, building community resilience and innovating for the future.
Official website here: www.covmedgroup.org
Who is the CEO of Covenant Medical Group?
Kristen Kothmann is the Cmg Ceo of Covenant Medical Group. The CEO's salary of Covenant Medical Group is $504,330 and their total compensation is $580,713.
Official website here: www.covmedgroup.org
What is the revenue of Covenant Medical Group?
Covenant Medical Group's revenue in 2022 was $174,081,657.
Official website here: www.covmedgroup.org
Who are the executives of Covenant Medical Group and what are their salaries?
The average compensation at Covenant Medical Group during 2022 was $104,651. There are 1,207 employees at Covenant Medical Group.
Here are 22 key members and their salaries (Covenant Medical Group's CEO's salary is $504,330 and their total compensation is $580,713):
- Mohammad Otahbachi Md (Physician)
- Robert Gaines Md (Physician)
- Andrew Robinson Md (Physician)
- Stephen Grupke (Physician)
- Jonathan Mannas (Physician)
- Ibrahim Shalaby Md (Board Member) [Trustee/Director]
- David Blann Md (Board Member) [Trustee/Director]
- Kevin Jones Do (Board Member) [Trustee/Director]
- Paul Walter Md (Board Member/Cmo) [Trustee/Director]
- Brian Williams Md (Board Member/Chair) [Trustee/Director]
- Ryan Owen Md (Board Member) [Trustee/Director]
- Amy Henning Do (Board Member) [Trustee/Director]
- John Hanna Md (Board Member) [Trustee/Director]
- Scott Letbetter Md (Board Member) [Trustee/Director]
- Kristen Kothmann (Cmg Ceo)
- Jeremy Dalton Md (Board Member/Vice Chair) [Trustee/Director]
- Katie Hendley Md (Board Member) [Trustee/Director]
- Karen Talusan-Soriano Md (Board Member) [Trustee/Director]
- Adam Spivey (Cfo)
- Christopher Cotton Md (Board Member) [Trustee/Director]
- Joshua Hill Md (Board Member) [Trustee/Director]
- Cindy Echols (Secretary)
Official website here: www.covmedgroup.org
Where can I find the form 990 for Covenant Medical Group?
The Covenant Medical Group’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.covmedgroup.org
Learn more at the official website: www.covmedgroup.org
Mission Statement of Covenant Medical Group
Covenant Medical Group, a non-profit, tax-exempt medical foundation, is steadfast in its mission to serve all, particularly those who are poor and vulnerable. As expressions of God's healing love, witnessed through the ministry of Jesus, the organization is committed to delivering high-quality, compassionate care for everyone, regardless of coverage or ability to pay.
Covenant Medical Group advocates for vulnerable populations and needed reforms in healthcare. They are also pursuing innovative ways to transform healthcare by keeping people healthy and making services more convenient, accessible, and affordable for all. The organization's self-governing nature, with a board of 16 physicians overseeing strategic planning and policy development, contributes to its physician-friendly environment.
The medical foundation's self-governing aspect allows its board members, all actively practicing within the group, to have a significant impact on their practice through their decisions. With a strong commitment to social responsibility, Covenant Medical Group invests in community benefit programs and initiatives to improve health and well-being and increase equitable access to quality care at the community level and at scale. Their strategic and financial plan clearly expresses their commitment to addressing social, racial, and economic disparities in the communities they serve.
Impact
This information is meant to be a general summary of Covenant Medical Group. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Covenant Medical Group's impact is centered around providing high-quality, compassionate care to all, especially those who are poor and vulnerable. Through its network of clinics and hospitals, Covenant Medical Group serves a large region in West Texas and Eastern New Mexico, making healthcare more accessible and convenient for the community. The organization's commitment to serving the underserved and advocating for healthcare reforms is evident in its mission to touch millions of lives and enhance the health of the American West. Moreover, Covenant Medical Group's focus on community benefit programs, high-impact investments, and innovative healthcare practices contributes to building a more equitable and sustainable future for the region it serves.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$92,466,832
SVCS-EXEMPT AFFILIATES
Revenue
$52,197,601
INTER-AFFILIATE REV.
Revenue
$29,313,948
Organization Details
Founding Year
1997
Phone
(806) 725-9800
Principal Officer
Kristen Kothmann
Main Address
1801 LIND AVE SW ATTN TAX DEPT, RENTON, WA, 98057
Website
www.covmedgroup.org
NTEE Category
Code: E31 - Health
If you are a representative of Covenant Medical Group and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.