Massachusetts · Nonprofit
Covenant Health Inc
Covenant Health Inc (Massachusetts) receives grants from 3 organizations whose IRS filings report $1,111,498 to it, the largest being Yankee Alliance Inc ($1,095,699). 1 of them have funded it in more than one year.
- Revenue FY2024
- $78M
- Funders on record
- 3
- Grants received
- $1.1M
- Net assets
- $143M
What Covenant Health Inc does
Mission
Covenant Health is an innovative Catholic health organization committed to advancing the healing ministry of Jesus.
As stated on its FY2024 Form 990.
Program
Sponsoring and operating a Catholic health care system consisting of hospitals, nursing homes, assisted living residences, and other health and elder services, as well as furthering the delivery of health and human services consistent with the teachings and law of the Roman Catholic Church.
$60,654,594 spentof which $72,141 as grants$73,787,814 earned by the program100% of program spending
The program described on its FY2023 Form 990. Program spending in total: $60,654,594.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $177M to $340M (+93%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of Covenant Health Inc’s revenue is contributions — more earned-revenue than three-quarters of its peers (7% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Stephen Grubbs
President & CEO
Board chair
John Oliverio
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base held at 1 funder, grant income fell $137k → $37k.
From the IRS filings of Covenant Health Inc’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
Covenant Health Inc leans on a few funders — its largest provides 99% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 98% · 2021 100% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
99% of Covenant Health Inc's grant income comes from Massachusetts funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
Covenant Health Inc has grown faster than three-quarters of the 4,580 health nonprofits its size.
this organization peer median middle 50% of peers· 4,580 health nonprofits $10M–$100M, FY2024
Organizations like Covenant Health Inc
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
88% of spending goes to programs.
Governance
Public support
98%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 43 related entities
- Alternative Health Services · exempt
- Bangor Nursing & Rehabilitation Center · exempt
- CHS of Waltham Inc dba Maristhill Nursing & Rehab Center · exempt
- CHS of Worcester Inc dba St Mary Care Center · exempt
- Community Clinical Services · exempt
Screen this organization
A dated, signed PDF of the compliance screen for Covenant Health Inc: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds Covenant Health Inc?
- Covenant Health Inc (Massachusetts) receives grants from 3 organizations whose IRS filings report $1,111,498 to it, the largest being Yankee Alliance Inc ($1,095,699). 1 of them have funded it in more than one year.
- How many funders does Covenant Health Inc have?
- IRS filings report 3 organizations giving $1,111,498 in grants to Covenant Health Inc, 1 of which have funded it in more than one year.
- Who is the largest funder of Covenant Health Inc?
- Yankee Alliance Inc is the largest funder on record, with $1,095,699 in grants. The full list of funders is on this page.
- How can an organization like Covenant Health Inc find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing