Mission
WE, COVENANT FOUNDATION AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. COVENANT FOUNDATION IS A MEMBER OF TRINITY HEALTH.
Public Charity
COVENANT FOUNDATION INC
COVENANT FOUNDATION INC is a Public Charity headquartered in WATERLOO, IA. Financial data from the 2025 filing: $816K revenue, $1.0M expenses, $6.8M total assets. 19 publicly reported grants to this organization, totaling roughly $1.2M, appear in IRS filings.
EIN: 421295784
WATERLOO, IA
Latest filing: 2025
Total Revenue$816K
Total Expenses$1.0M
Total Assets$6.8M
Grant Records19
Funding Total$1.2M
Filing Years2021–2025
Where $100 goes at Covenant Foundation Inc
How Covenant Foundation Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$77
Programs
the work itself
$6
Management
running the organization
$17
Fundraising
raising the next dollar
Inside the $77 for programs
$77
Since 1986, Covenant Foundation (mercyone Waterloo foundation), located in Waterloo, iowa, has served as the fundraising arm of covenant medical center (mercyone Waterloo medical center).In fiscal year 2025…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
PROGRAM SUPPORT
$221,389
NEOVIEW VIDEO INTUBATION SYSTEM
$6,169
RELIGION RELATED
$6,000
PROGRAM SUPPORT
$223,811
OB/GYN services at the Bluebell Health Plaza
$15,000
Showing up to 5 of 19 total records — full history available with membership.
Officers & Directors
DIRECTOR
Amber Schuchmann
DIRECTOR
Becky Mudd
DIRECTOR; VICE CHAIR
Brian Sayer
DIRECTOR; PHYSICIAN - PEDIATRICS
Brian Sims Do
DIRECTOR
Dan Keagle
DIRECTOR; TREASURER
Dave Bowling
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $816K | $1.0M | $6.8M |
| 2024 | $2.1M | $1.3M | $6.5M |
| 2023 | $830K | $584K | $6.5M |
| 2022 | $-417K | $990K | $5.9M |
| 2021 | $2.1M | $1.8M | $7.3M |
Between 2021 and 2025, reported annual revenue declined from $2.1M to $816K (-61%), with total assets most recently reported at $6.8M.
Interactive year-over-year charts and full filing details available with membership.