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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Employees Covenant Health System Walter Cathey

Walter Cathey

OfficerTrustee/director

President and Chief Executive Officer at Covenant Health System

Fiscal year ended December 31, 2024. Published on January 25, 2026.

$1,481,609
2024

Total compensation

Walter Cathey has been listed as an employee of Covenant Health System in Form 990 filings since at least fiscal year 2016. Total compensation for Walter Cathey has increased by 200.8% from 2016 to 2024.

Annual compensation details

$1,481,609
-10%
President and Chief Executive Officer
2024
$1.3M related
28 hrs/wk
$206k other
--
$1,645,841
+29.5%
REG CE - WEST Tx/Eastern NM
2023
$1.4M related
37 hrs/wk
$204k other
--

Total compensation by year

Compare the compensation of Walter Cathey to:

2024

Other employees at Covenant Health System

Joel Gilbertson
Division Chief EXEC - Central
$2,829,815
$0 from org$2,511,979 from related$317,836 other
Scott O'Brien
FRMR KE - CE Eastern Wa/Mt
$1,642,632
$0 from org$1,441,016 from related$201,616 other
Melissa Damm
Division CFO - Central
$973,637
$0 from org$863,710 from related$109,927 other
Kerry Hendershot, M.D.
Board Member
$842,967
$0 from org$777,044 from related$65,923 other
John Grigson
FRMR OFF - Tx/Nm REG CFO
$545,688
$0 from org$545,688 from relatedNo other comp
Bruce White
Vice President Regional Rural Administrator
$514,499
$440,588 from orgNo related comp$73,911 other
James Kelly
FRMR OFF - Vice President Senior CORP Counsel
$509,442
$0 from org$495,773 from related$13,669 other
David Shaw
Vice President NM Hospital Administrator
$452,971
$407,595 from orgNo related comp$45,376 other
Steven Beck
Chief Administrative Officer
$393,584
$361,366 from orgNo related comp$32,218 other
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Revisions to this profile

January 25, 2026:
2024 Covenant Health System 990 published
January 25, 2026:
2023 Covenant Health System 990 published
January 25, 2026:
2022 Covenant Health System 990 published

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$1,270,706
+73.4%
REG CE - WEST Tx/Eastern NM
2022
$1.1M org
53 hrs/wk
$179k other
--
$732,839
-2.2%
REG CE - WEST Tx/Eastern NM (PT YR)
2021
$690k org
53 hrs/wk
$44k other
--
$749,045
-4.9%
Chief Executive, Covenant
2020
$636k org
20 hrs/wk
$114k other
--
$787,955
+8.3%
Chief Executive, Covenant
2019
$54k org
20 hrs/wk
$613k related
40 hrs/wk
$122k other
--
$727,444
+15.6%
PRES CH Operations
2018
$677k org
50 hrs/wk
$52k other
--
$629,052
+27.7%
CHS CEO
2017
$589k org
50 hrs/wk
$41k other
--
$492,486
CHS CEO
2016
$453k org
50 hrs/wk
$41k other
--

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2024
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