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 Latest filing: 2025
Total Revenue$436.4M
Total Expenses$406.6M
Total Assets$443.1M
Grant Records23
Funding Total$8.8M
Filing Years2021–2025

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.

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

Purchase equipment; Cancer Treatment Center,Pediatric, Podiatry, Cath Lab and Independence Clinic location renovations.
$2,976,058 1 grant
PURCHASE EQUIPMENT
$1,988,814 3 grants
Purchase equipment; COVID19 support; Colleague training; Reach out and read
$1,568,409 1 grant
Purchase equipment; ICU training and equipment, COVID19 support.
$735,396 1 grant
Purchase equipment; Jumpstart Program; Colleague training; Reach out and read
$711,045 1 grant

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.

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