NonprofitsCovenant Health Investment Trust

Health Care

Covenant Health Investment Trust

ANDOVER, MA

Total revenue

$10.5M

Total expenses

$939K

Net assets

$260.2M

Grants received

EIN

046835128

Tax year

2024

Mission

Covenant Health Investment Trust (formerly Providentia Prima Trust) was established to hold and manage pooled investments of various organizations exempt from Federal income tax under Section 501(c)(3)

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue
Investment income$10.5M
Other revenue
Total revenue$10.5M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$939K
Total expenses$939K
Total assets$260.2M
Net assets$260.2M

People

16 listed

NameRoleCompensation

Stephen Grubbs

President & CEO

Board

1 hrs/wk

Lesley Adkinson E PhD RN

Director

Board

2 hrs/wk

Mark W Anthoine Sr

Director

Board

2 hrs/wk

Bruce Bonnell MD MPH

Director

Board

2 hrs/wk

Robert A Clark

Director

Board

2 hrs/wk

Catherine P Lovecchio PhD RN

Director

Board

2 hrs/wk

Thomas Mortimer

Director

Board

2 hrs/wk

Cherie Noe MD

Director (end 2/2024)

Board

2 hrs/wk

Sr Catherine O'Connor

Director

Board

2 hrs/wk

Gino J Pazzaglini

Director

Board

2 hrs/wk

Louise Trottier

Director

Board

2 hrs/wk

John Oliverio

Chair

Board

2 hrs/wk

Kenneth E Arnold

Vice Chair (end 6/2024)

Board

2 hrs/wk

Ralph Jenkins

Director; Vice Chair (start 6/2024)

Board

2 hrs/wk

Kathy Connerton JD MBA

Treasurer

Board

2 hrs/wk

Stephen Forney

SVP and Chief Financial Officer

Board

1 hrs/wk

Independent contractors

US Bank

Investment management

$939K

Details

EIN046835128
NTEE codeE120
Subsection03
Ruling date1946-03
Formed1996
Employees0
Volunteers14
COVENANT HEALTH INVESTMENT TRUST — Mission, Financials & Grants Received | Grantivo