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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 2021. Filed on May 16, 2022.

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 2021 IRS Form 990 filing, Covenant Medical Center Inc., a 501(c)(3) charitable organization, reported compensation for 14 out of 2,615 total employees. Among the employees shown here, the average compensation is $646,393. The highest compensated employee at Covenant Medical Center Inc. is Richard Naylor, M.D. with fiscal year 2021 compensation of $1,340,409.

Revenue, expenses, and employee compensation

Revenue

$320,935,164

Expenses

$307,341,404

Employee compensation

$167,692,416
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Naylor, M.D.
Physician Employee
$1,340,409
$1,290,763 No related comp$49,646
Ahsan Maqsood, M.D.
Physician Employee
$1,227,909
$1,175,131 No related comp$52,778
Victor Mujica, M.D.
Physician Employee
$1,158,356
$1,104,227 No related comp$54,129
Gary Knudson
Physician Employee
$1,139,686
$1,094,248 No related comp$45,438
Christopher Eagan
Physician Employee
$1,043,702
$991,550 No related comp$52,152
Jack Dusenbery
Director; Pres.; Sec.; Treas.
$599,208
$556,854 No related comp$42,354
Luis Avila, M.D.
Director and Physician
$597,660
$543,297 No related comp$54,363
Matthew Sojka
Vice President, Medical Affairs
$425,256
$385,976 No related comp$39,280
Brian Burnett, M.D.
Director and Physician
$397,422
$343,139 No related comp$54,283
Jeffrey Halverson
Vice President Physician Networking
$311,741
$261,901 No related comp$49,840
Timothy Huber
Asst Treas; Vice President Finance
$294,429
$241,104 No related comp$53,325
Kelly Richards
Chief Nursing Officer
$256,751
$213,994 No related comp$42,757

Benchmark Employee Compensation

Non-Employee Board Members

Alan Kruger
Director
Bob Ritz
Director, Ex Offici, MHN Pres.
Carol Tousley
Director
Casey McLaughlin
Director
David Deaver
Chair
Gregory Schmitz
Director
James Lee
Director As of 06/21
Keyah Levy
Director Thru 04/21
Noreen Hermansen
Director Thru 12/20
Paul Stapella
Director Thru 12/20
Shirley Dunlap
Director

Contractors

Peters Construction Company
Construction
$1,221,361
Iowa Emergency Physicians LLP
Physician
$1,083,187
Goldfish Locum Tenens
Physician
$998,446
T-Psychiatry
Physician
$993,540
Weatherby Locums Inc.
Physician
$919,256

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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