What is Covenant Hospital Hobbs's total revenue?

Covenant Hospital Hobbs reported total revenue of $39.8M for tax year 2023 on its IRS Form 990, against $59.8M in total expenses and $-767K in net income.

What are Covenant Hospital Hobbs's total assets?

Covenant Hospital Hobbs reported total assets of $126.7M and net assets of $2.3M on its FY2023 IRS Form 990.

Where can I find Covenant Hospital Hobbs's IRS Form 990?

Covenant Hospital Hobbs files IRS Form 990 annually under EIN 84-4273963. The financial summary, executive compensation, and community benefit data are shown on this page; the original filing is also available directly from the IRS.

IRS Form 990 · EIN 84-4273963

Covenant Hospital Hobbs

Lubbock, TX 79410-1203 · Tax year 2023

NTEE E22Original filing PDF →

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$39.8M

Total revenue

$59.8M

Total expenses

$-767K

Net income

-1.9%

Operating margin

Financial summary

Total revenue: $39.8M
Contributions + grants: $6.3M
Program service revenue: $33.7M
Total expenses: $59.8M
Program expenses: —
Administrative expenses: —
Fundraising expenses: —
Net income: $-767K
Total assets: $126.7M
Total liabilities: $124.4M
Net assets: $2.3M

Peer comparison

Compared to 41 organizations with NTEE E22 in TX

Avg revenue (peers)

$416.4M

This org:$39.8M

Avg net income (peers)

$1.4M

This org:$-767K

Avg top exec comp (peers)

$476K

This org (highest):$283K

Executive compensation (FY2024)

20 officers + key employees from the most recent Schedule J filing (FY2024; the financial summary above is FY2023)

Name	Title	Hours/wk	Base comp	Total comp
RACHEL SLADE	CEO	55	$224K	$283K
KIMBERLY MADRID	SUPERVISOR CLINICAL PHARMACY	50	$160K	$174K
STACY VOYLES	MANAGER NURSING	50	$128K	$156K
ALLAN YEH	CLINICAL PHARMACIST	50	$137K	$153K
HAZEL APODACA	ACUTE CARE RN	50	$141K	$152K
BECKY BERG	MANAGER NURSING	50	$138K	$152K
CORA RIVERA	CFO	18.4	—	—
KATHLEEN BURRELL	SECRETARY/CHIEF GOVERNANCE OFFICER	0.5	—	—
CARABETH GRAY MOORE	BOARD MEMBER	0.5	—	—
DEBRA HICKS	BOARD MEMBER	0.5	—	—
JOE COTTON	BOARD MEMBER	0.5	—	—
JONATHAN SENA	BOARD MEMBER/CHAIR	1	—	—
JOSH GRASSHAM	BOARD MEMBER/VICE CHAIR	1	—	—
BRUCE WHITE	BOARD MEMBER	0.5	—	—
ROSA CARILLO	BOARD MEMBER	0.5	—	—
JAMES KELLY	FRMR OFF. - VP SENIOR CORP COUNSEL	0	—	—
JON LEVIN	BOARD MEMBER	0.5	—	—
DYANA KERR	FRMR OFF. - REGIONAL CFO	0	—	—
DONALD ANDERSON JR	ASSISTANT SECRETARY FOR ENROLLMENT	0.5	—	—
JENNIFER BRYAN	FRMR OFF. - LUBBOCK AREA MARKET/CFO	0	—	—

5-year history

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2024	—	—	—	—
2023	$39.8M	$59.8M	$-767K	$126.7M
2022	$48.7M	$48.7M	—	$133.8M
2021	$45.0M	$46.9M	—	$41.7M
2020	—	$107K	—	$3.2M

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