Covenant Medical Center Inc

WATERLOO, IA EIN: 42-1264647 Website

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.

Financial Overview

From 2024 IRS Form 990-PF

Total Assets

$245.0M

+8.8% YoY

Annual Giving

$241K

Grant Count

3

Avg Grant Size

$80K

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$110M$221M$331M$442M20202021202220232024
Metric202420232022
Total Assets$244,970,247$225,227,682$232,340,664
Revenue$401,603,286$328,841,980$319,111,884
Expenses$375,191,522$335,820,032$335,364,281
Qualifying Distributions
Net Investment Income$1,204,706$805,635$-2,050,384
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$60K$120K$181K$241K0 grants20200 grants20210 grants20220 grants20233 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

COVENANT FOUNDATION INC$224KCEDAR FALLS SCHOOL FOUND…$10KUNIVERSITY OF NORTHERN I…$7K

Grant Size Distribution

3 grants across all recorded years

2<$50K$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for .

Who else does Covenant Medical Center Inc fund?

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Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

AHSAN MAQSOOD MDPHYSICIAN - CARDIOLOGY$1.7MRICHARD NAYLOR DOPHYSICIAN - ORTHOPEDICS$1.6MVICTOR MUJICA MDPHYSICIAN - GASTROENTEROLOGY$1.3MJASON STANFORD DOPHYSICIAN - ORTHOPEDICS$1.2MGARY KNUDSON MDPHYSICIAN - ORTHOPEDICS$1.1MJACK DUSENBERYFORMER OFFICER$764KMATTHEW SOJKA MDVP, MEDICAL AFFAIRS$502KRACHELLE MAKINDE MDDIRECTOR; PHYSICIAN$464KBRIAN BURNETT MDDIRECTOR; PHYSICIAN$394KKELLY RICHARDSCHIEF NURSING OFFICER$337KTIMOTHY HUBERASSISTANT TREASURER; VP OF F…$313KRYAN MEYERCOO$126KNANCY SCHAEFERASSISTANT SECRETARY; EXEC AS…$68K

From 2024 filing

NameTitleHoursCompensation
JACK DUSENBERYFORMER OFFICER$764,091
AHSAN MAQSOOD MDPHYSICIAN - CARDIOLOGY50$1,666,715
RICHARD NAYLOR DOPHYSICIAN - ORTHOPEDICS50$1,605,978
VICTOR MUJICA MDPHYSICIAN - GASTROENTEROLOGY50$1,275,186
JASON STANFORD DOPHYSICIAN - ORTHOPEDICS50$1,165,853
GARY KNUDSON MDPHYSICIAN - ORTHOPEDICS50$1,138,987
MICHAEL WEGNERDIR 8-12/23; PRES MERCY IA THR 12/231
MATTHEW SOJKA MDVP, MEDICAL AFFAIRS40$501,683
RACHELLE MAKINDE MDDIRECTOR; PHYSICIAN47$464,239
BRIAN BURNETT MDDIRECTOR; PHYSICIAN47$394,031
RYAN MEYERCOO40$125,643
KELLY RICHARDSCHIEF NURSING OFFICER40$337,146
TIMOTHY HUBERASSISTANT TREASURER; VP OF FINANCE40$312,625
NANCY SCHAEFERASSISTANT SECRETARY; EXEC ASSISTANT37$68,374
DAVID DEAVERDIRECTOR; CHAIR1
SANDRA BENAKDIRECTOR1
TIMOTHY BOETTGERDIRECTOR1
ALAN KRUGERDIRECTOR1
CAROL TOUSLEYDIRECTOR1

Geographic Focus

Where this funder has awarded grants

Grant Distribution by State

1states

States

Cities

CEDAR FALLSWATERLOO

Data last updated March 2026. Sourced from IRS Form 990-PF filings.

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