Mission
WE, COVENANT MEDICAL CENTER AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. COVENANT MEDICAL CENTER IS A MEMBER OF TRINITY HEALTH.
Public Charity
COVENANT MEDICAL CENTER INC
Based in WATERLOO, IA, COVENANT MEDICAL CENTER INC operates as a Public Charity. The organization reported $436.4M in revenue, $406.6M in expenses, $443.1M in total assets for fiscal year 2025. Imperigo tracks 23 reported grant relationships connected to this organization totaling approximately $8.8M.
EIN: 421264647
WATERLOO, IA
General Hospitals
NTEE: E22
Latest filing: 2025
Total Revenue$436.4M
Total Expenses$406.6M
Total Assets$443.1M
Grant Records23
Funding Total$8.8M
Filing Years2021–2025
Where $100 goes at Covenant Medical Center Inc
How Covenant Medical Center Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$94
Programs
the work itself
$6
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $94 for programs
$94
Covenant Medical Center in Waterloo, iowa (mercyone Waterloo) is a 346-bed, full-service, multi-specialty hospital that provides inpatient and outpatient health care services to support the community's health care…
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
PURCHASE EQUIPMENT
$723,996
stroke prevention programs
$31,000
PROGRAM SUPPORT
$11,000
GREATER SIOUX COMMUNITY HEALTH DBA PROMISE COMMUNITY
$3,226
PURCHASE EQUIPMENT
$973,044
Showing up to 5 of 23 total records — full history available with membership.
Officers & Directors
PHYSICIAN - CARDIOLOGY
Ahsan Maqsood Md
DIRECTOR THROUGH 12/24
Alan Kruger
DIRECTOR; PHYS - FAMILY MEDICINE
Brian Burnett Md
DIRECTOR AS OF 1/25
Bryan Burton
DIRECTOR
Carol Tousley
DIRECTOR; CHAIR
David Deaver
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $436.4M | $406.6M | $443.1M |
| 2024 | $401.6M | $375.2M | $245.0M |
| 2023 | $328.8M | $335.8M | $225.2M |
| 2022 | $319.1M | $335.4M | $232.3M |
| 2021 | $320.9M | $307.3M | $267.9M |
Between 2021 and 2025, reported annual revenue grew from $320.9M to $436.4M (+36%), with total assets most recently reported at $443.1M.
Interactive year-over-year charts and full filing details available with membership.