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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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Organizations Health Care Covenant Medical Center Inc.

Covenant Medical Center Inc.

Fiscal year ending 2018. Filed on May 13, 2019.

3421 West Ninth Street
Waterloo, Iowa 50702

Covenant Medical Center Inc. (EIN: 42-1264647), also known as Mercyone Waterloo Medical Center, has filed an IRS Form 990 between fiscal years 2016 and 2023. In its fiscal year 2018 IRS Form 990 filing, Covenant Medical Center Inc., a 501(c)(3) charitable organization, reported compensation for 15 out of 2,783 total employees. Among the employees shown here, the average compensation is $687,163. The highest compensated employee at Covenant Medical Center Inc. is Richard Naylor, M.D. with fiscal year 2018 compensation of $1,659,949.

Revenue, expenses, and employee compensation

Revenue

$297,895,870

Expenses

$311,939,119

Employee compensation

$158,249,829
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Naylor, M.D.
Physician Employee
$1,659,949
$1,617,027 No related comp$42,922
Ahsan Maqsood, M.D.
Physician Employee
$1,400,545
$1,342,406 No related comp$58,139
Gary Knudson
Physician Employee
$1,163,003
$1,116,415 No related comp$46,588
Christopher Eagan
Physician Employee
$1,059,091
$1,036,161 No related comp$22,930
Richard Valente, M.D.
Director and Physician
$1,051,328
$999,285 No related comp$52,043
Jason Stanford, M.D.
Physician Employee
$1,040,910
$995,900 No related comp$45,010
Jack Dusenbery
President and Director
$623,534
$580,880 No related comp$42,654
Luis Avila, M.D.
Director and Physician
$555,977
$501,942 No related comp$54,035
James Lehman, M.D.
Vice President, Medical Affairs
$432,179
$399,151 No related comp$33,028
Neil McMahon, M.D.
Director and Physician
$379,055
$338,118 No related comp$40,937
Jeffrey Halverson
Vice President Physician Networking
$340,380
$289,723 No related comp$50,657
Timothy Huber
Asst. Treasurer; CFO
$235,677
$205,960 No related comp$29,717

Benchmark Employee Compensation

Non-Employee Board Members

Bob Ritz
Director, Ex Offici, MHN Pres.
Casey McLaughlin
Director
David Deaver
Vice Chair
Gregory Schmitz
Chair and Director
Joan Lowe
Director
Kenton Nelson
Director
Keyah Levy
Director As of 4/18
Noreen Hermansen
Director
Paul Stapella
Director
Robert W Petersen
Director
Shirley Dunlap
Director

Contractors

Graham Construction Company Inc
Construction
$2,126,475
Peters Construction Corporation
Construction
$1,945,045
Grapetree Medical Staffing
Physician
$1,310,776
Iowa Emergency Physicians LLP
Physician
$1,226,887
Stryker Endoscopy
Medical
$908,938

Mission Statement

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.

Revisions to this organization profile

May 14, 2024:
2023 Covenant Medical Center Inc. 990 filed
May 11, 2023:
2022 Covenant Medical Center Inc. 990 filed
May 16, 2022:
2021 Covenant Medical Center Inc. 990 filed

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