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Arizona · Nonprofit

COVENANT HEALTH NETWORK

COVENANT HEALTH NETWORK (Arizona) receives grants from 2 organizations whose IRS filings report $187,481 to it, the largest being MERCY CARE ($186,700). 0 of them have funded it in more than one year.

Revenue FY2024
$3.1M
Funders on record
2
Grants received
$187k
Net assets
$807k
0/2 repeat funderspeak grant-dependency 0%
01What it does

What Covenant Health Network does

Mission

The organization was established to administer and coordinate health services, promote general health of persons of the community served, and develop contracts and strategies to provide managed care and quality improvement services for long-term health care facilities within the state of arizona.

As stated on its FY2024 Form 990.

Program

  1. Covenant Health Network provides various managed care/third party payor contracting, administration, purchasing, quality improvement services and risk sharing services to its members.

    $3,078,286 spent$1,555,673 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $3,078,286.

02The organization over time

The organization over time

Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 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.

100 = 20202020 Revenue 100 ($2.1M) Expenses 100 ($2.3M) Net assets 100 ($524k)2021 Revenue 153 ($3.3M) Expenses 138 ($3.2M) Net assets 184 ($966k)2022 Revenue 110 ($2.4M) Expenses 118 ($2.7M) Net assets 110 ($577k)2023 Revenue 178 ($3.8M) Expenses 155 ($3.6M) Net assets 123 ($644k)2024 Revenue 145 ($3.1M) Expenses 132 ($3.1M) Net assets 154 ($807k)
20202021202220232024
Revenue (145)Expenses (132)Net assets (154)Peer revenue range

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 $604k to $1.1M (+76%).

$604k
$1.1M
$770k
$789k
$807k
20202021202220232024
Total assetsTotal liabilities

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.

2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 8% · 2021 7%. Grants only. Government contracts and fees sit inside program revenue.

0% of COVENANT HEALTH NETWORK’s revenue is contributions — more earned-revenue than three-quarters of its peers (51% for the typical peer).

This organization
Typical peer · 8,611 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 3 of the last 5 reported years ran a deficit.

−$206k
’20
$49k
’21
−$397k
’22
$170k
’23
−$4k
’24
0.4
months of
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.

Board chair

Ira Shulman

Chairman

As listed on its FY2024 Form 990.

20202021202220232024
Listed1012111111
Joined·+7+1+0+1
No longer listed·5201
03Who funds it

Who funds it, year by year

Grant support over time, funder by funder — shade shows the grant size each year.

Funder
'20
'24*
total
$187k
funders
1
1

From the IRS filings of COVENANT HEALTH NETWORK’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 NETWORK leans on a few funders — its largest provides 100% 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

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund COVENANT HEALTH NETWORK.

100%
largest funder
100%
top three
~1
effective funders

“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

100% of COVENANT HEALTH NETWORK's grant income comes from Arizona funders.

AZ

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.

04Its place in the field

Against its field

COVENANT HEALTH NETWORK has grown faster than half of the 8,121 health nonprofits its size.

Operating margin−0% · below the median
Months of reserve0.4mo · bottom quartile
Revenue growth (annualized)10% · above the median

this organization peer median middle 50% of peers· 8,121 health nonprofits $1M–$10M, FY2024

Organizations like COVENANT HEALTH NETWORK

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 Arizona

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

100% of spending goes to programs.

Program 100%Management 0%Fundraising 0%

Governance

5
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

AZ

Part of a family of 1 related entity

  • Alliance Purchasing Network LLC · partnership

Screen this organization

A dated, signed PDF of the compliance screen for COVENANT HEALTH NETWORK: 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.

A paid feature, included from the $75 plan up. Sign in to download.

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 NETWORK?
COVENANT HEALTH NETWORK (Arizona) receives grants from 2 organizations whose IRS filings report $187,481 to it, the largest being MERCY CARE ($186,700). 0 of them have funded it in more than one year.
How many funders does COVENANT HEALTH NETWORK have?
IRS filings report 2 organizations giving $187,481 in grants to COVENANT HEALTH NETWORK.
Who is the largest funder of COVENANT HEALTH NETWORK?
MERCY CARE is the largest funder on record, with $186,700 in grants. The full list of funders is on this page.
How can an organization like COVENANT HEALTH NETWORK find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Arizona. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Covenant Health Network →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 2 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