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Organizations Health Care Covenant Medical Center Inc.

Covenant Medical Center Inc.

Fiscal year ending 2022. Filed on May 11, 2023.

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 2022 IRS Form 990 filing, Covenant Medical Center Inc., a 501(c)(3) charitable organization, reported compensation for 15 out of 2,720 total employees. Among the employees shown here, the average compensation is $699,044. The highest compensated employee at Covenant Medical Center Inc. is Richard Naylor, M.D. with fiscal year 2022 compensation of $1,569,913.

Revenue, expenses, and employee compensation

Revenue

$319,111,884

Expenses

$335,364,281

Employee compensation

$178,421,487
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Richard Naylor, M.D.
Physician Employee
$1,569,913
$1,529,536 No related comp$40,377
Victor Mujica, M.D.
Physician Employee
$1,242,781
$1,195,473 No related comp$47,308
Ahsan Maqsood, M.D.
Physician Employee
$1,205,998
$1,160,932 No related comp$45,066
Gary Knudson
Physician Employee
$1,149,665
$1,110,834 No related comp$38,831
Jason Stanford, M.D.
Physician Employee
$1,089,592
$1,051,499 No related comp$38,093
Jack Dusenbery
Director; Pres.; Sec.; Treas.
$773,181
$737,842 No related comp$35,339
Luis Avila, M.D.
Director; Phys. Emp Thru 12/21
$712,619
$665,119 No related comp$47,500
Matthew Sojka
Vice President, Medical Affairs
$509,669
$479,057 No related comp$30,612
Rachelle Makinde, M.D.
Director and Physician
$490,732
$455,019 No related comp$35,713
Brian Burnett, M.D.
Director and Physician
$420,933
$373,059 No related comp$47,874
Jeffrey Halverson
Vice President Phys. Networking Thru 5/22
$367,845
$323,346 No related comp$44,499
Timothy Huber
Asst Treas; Vice President Finance
$348,496
$300,986 No related comp$47,510

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
Shirley Dunlap
Director

Contractors

Grapetree Medical Staffing LLC
Physician
$1,832,354
Peters Construction Company
Construction
$1,510,244
Hallmark Healthcare Solutions
Physician
$1,255,794
Convergent Revenue Cycle Management
Revenue Cycle
$1,029,440
Weatherby Locums Inc.
Physician
$985,021

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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