Covenant Medical Center Inc
Waterloo, IA · EIN 42-1264647 · Health care · Rank 1,524 by total revenue
To provide health care and hospital services
Money, Form 990 for tax year 2024
- Total revenue
- $436,425,740
- Total expenses
- $406,563,697
- Total assets
- $443,097,341
- Salary base (all salaries and wages)
- $169,134,278
- Salaries, other pay and benefits
- $203,239,875
- Employees
- 2,987
- Salary base per employee
- $56,623
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (14)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Ryan Meyer | COO | Officer | 40 | $557,288 |
| Rachelle Makinde MD | DIR; V CHAIR AS OF 12/24; PHYSICIAN | Board, Officer | 47 | $544,631 |
| Timothy Huber | ASSISTANT TREASURER; VP OF FINANCE | Officer | 40 | $397,268 |
| Nancy Schaefer | ASSISTANT SECRETARY; EXEC ASSISTANT | Officer | 37 | $77,527 |
| David Deaver | DIRECTOR; CHAIR | Board, Officer | 1 | None reported |
| Matthew Sojka MD | VP, MEDICAL AFFAIRS | Key employee | 40 | $653,042 |
| Kelly Richards | CHIEF NURSING OFFICER | Key employee | 40 | $504,948 |
| Kurt Andersen MD | DIRECTOR AS OF 1/25; PRES CENTRAL IA | Board | 1 | $1,931,294 |
| Brian Burnett MD | DIRECTOR; PHYS - FAMILY MEDICINE | Board | 47 | $480,274 |
| Sandra Benak | DIRECTOR | Board | 1 | None reported |
| Bryan Burton | DIRECTOR AS OF 1/25 | Board | 1 | None reported |
| Nancy Kertz | DIRECTOR AS OF 1/25 | Board | 1 | None reported |
| Alan Kruger | DIRECTOR THROUGH 12/24 | Board | 1 | None reported |
| Carol Tousley | DIRECTOR | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $12,348,601, which is 7.3% of the $169,134,278 salary base shared by 2,987 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Kurt Andersen MD | DIRECTOR AS OF 1/25; PRES CENTRAL IA | Board | 1 | $0 | $1,685,852 | $245,442 | $1,931,294 |
| Ahsan Maqsood MD | PHYSICIAN - CARDIOLOGY | Highly paid employee | 50 | $1,822,907 | $0 | $60,535 | $1,883,442 |
| Richard Naylor DO | PHYSICIAN - ORTHOPEDICS | Highly paid employee | 50 | $1,825,436 | $0 | $53,188 | $1,878,624 |
| Victor Mujica MD | PHYSICIAN - GASTROENTEROLOGY | Highly paid employee | 50 | $1,370,823 | $0 | $60,326 | $1,431,149 |
| Gary Knudson MD | PHYSICIAN - ORTHOPEDICS | Highly paid employee | 50 | $1,349,355 | $0 | $50,688 | $1,400,043 |
| Jason Stanford DO | PHYSICIAN - ORTHOPEDICS | Highly paid employee | 50 | $1,291,625 | $0 | $49,353 | $1,340,978 |
| Jack Dusenbery | FORMER OFFICER | Former | 0 | $706,410 | $0 | $21,700 | $728,110 |
| Matthew Sojka MD | VP, MEDICAL AFFAIRS | Key employee | 40 | $80,567 | $521,425 | $51,050 | $653,042 |
| Ryan Meyer | COO | Officer | 40 | $0 | $452,520 | $104,768 | $557,288 |
| Rachelle Makinde MD | DIR; V CHAIR AS OF 12/24; PHYSICIAN | Board, Officer | 47 | $489,105 | $0 | $55,526 | $544,631 |
Sources
- IRS e-file return 202611329349301406 (Form 990, period ending 2025-06-30): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 42-1264647
- Organization website (as filed): www.mercyone.org/northeastiowa