Covenant Hospice Inc
Nonprofit profile at a glance
- EIN
- 592208300
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Pensacola, FL, USA
- Phone
- 8504332155
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospices
Reported finances
- Revenue
- $11,697,831
- Expenses
- $19,880,026
- Assets
- $56,759,112
- Liabilities
- $2,181,880
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- RODNEY GUTTMANN (PAST CHAIR/ INTERIM CEO)
- JEFF MISLEVY (PRESIDENT/CEO)
Highest reported compensation
- JEFF MISLEVY (PRESIDENT/CEO): $4,545,048 total reported compensation
- ROLAND CLENEAY (CFO): $1,413,020 total reported compensation
- BRIAN TIEMAN (CPO): $1,134,754 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Covenant hospice is dedicated to providing comprehensive, compassionate services to patients and their loved ones during times of life-limiting illnesses. Since dying is a part of the normal process of life, the focus of covenant hospice to patients and their loved ones during times of life-limiting illnesses.
What it reported doing in 2024
During 2024, direct care was provided to 1,915 patients in northwest Florida and south Alabama. Covenant hospice, inc. Also offers a prediatric palliative care program. "partners in care: together for kids", to children from birth to age 21 who are coping with potentially life-limiting conditions.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 84
- Accountability: 80
- Sustainability: 41
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 64.6%; rating input score 65
- Program expense ratio: 50.6%; rating input score 51
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 22nd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -69.9%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 2.86; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: -8.2% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -5.6% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 64.6% of revenue deployed · 50.6% of spending went to programs
- Governance: 9 of 10 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.1M in reported program spending
- Leadership: top reported pay $4.5M · 15 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $459K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 4 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Financial Efficiency: Program expense ratio scored 51/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.