Mercy Hospital
- Assets
- $154.8m
- Revenue
- $236.3m
- Investments
- $0.0
- Employees
- 1,816
- Location
- Portland, ME
- Founding
- 05/1947
- Data as of
- 09/2019
- EIN
- 01-0211534
Organization Overview
Mercy Hospital is located in Portland, ME. The organization was established in 1947. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2019, Mercy Hospital employed 1,816 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 09/2019, Mercy Hospital generated $236.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $222.4m during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (16.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
MERCY HOSPITAL D/B/A NORTHERN LIGHT MERCY HOSPITAL CARRIES OUT THE HEALING WORK OF CHRIST BY PROVIDING CLINICALLY EXCELLENT, COMPASSIONATE HEALTHCARE FOR ALL, WITH SPECIAL CONCERN FOR THE POOR AND DISADVANTAGED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY AS WELL AS EDUCATION, RESEARCH AND PROMOTION OF HEALTH. PROVIDED OTHER UNCOMPENSATED CARE (AT COST) OF $4,979,749
MEDICARE SHORTFALLS (AT COST) 45,908 PERSONS SERVED
MEDICAID SHORTFALLS (AT COST) 27,049 PERSONS SERVED
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wahlig Physician | 50 | $965,593 | |
Nicolas F Arredondo Physician | 50 | $749,996 | |
Lee Thibodeau Physician | 50 | $722,478 | |
Christopher Kleeman Medical Director | 50 | $628,305 | |
Catherine Mccrann Physician | 50 | $531,662 | |
Charlie Therrien Pres/ex Off | OfficerTrustee | 50 | $453,213 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Comphealth Temp Staffing | 9/29/19 | $1,625,842 |
Hbcs Collection Fees | 9/29/19 | $1,051,109 |
American Mobile Nurse Temp Staffing | 9/29/19 | $1,048,756 |
Weatherby Locums Physician Fees | 9/29/19 | $1,143,837 |
Dirigo Management Company Property Mgmt | 9/29/19 | $3,686,808 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,891,418 |
| Investment income | $185,249 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $355,342 |
| Net Gain/Loss on Asset Sales | -$4,112 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $24,948 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,348,099 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,817,590 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $99,648,622 |
| Pension plan accruals and contributions | $3,010,836 |
| Other employee benefits | $12,770,984 |
| Payroll taxes | $6,367,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,503 |
| Fees for services: Accounting | $28,161 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,313 |
| Fees for services: Other | $18,495,011 |
| Advertising and promotion | $402,333 |
| Office expenses | $4,541,621 |
| Information technology | $10,516,485 |
| Royalties | $0 |
| Occupancy | $7,311,432 |
| Travel | $261,555 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $152,301 |
| Interest | $2,171,683 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,436,310 |
| Insurance | $1,521,370 |
| All other expenses | $0 |
| Total functional expenses | $222,385,751 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,029 |
| Savings and temporary cash investments | $1,602,566 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $32,361,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $51,225 |
| Inventories for sale or use | $4,542,560 |
| Prepaid expenses and deferred charges | $981,824 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,127,000 |
| Other assets | $20,945,636 |
| Total assets | $154,782,094 |
| Accounts payable and accrued expenses | $32,181,047 |
| Grants payable | $0 |
| Deferred revenue | $113,651 |
| Tax-exempt bond liabilities | $49,794,698 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,287,594 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,922,970 |
| Total liabilities | $102,299,960 |
| Net assets without donor restrictions | $38,184,973 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,297,161 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $52,482,134 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Mercy Hospital has recieved totaling $32,500.
| Awarding Organization | Amount |
|---|---|
Raymond James Charitable Endowment Fund St Petersburg, FL PURPOSE: GENERAL USE AND/OR SPECIAL FUND/PROJECT | $10,000 |
Saco & Biddeford Savings Charitable Foundation Saco, ME PURPOSE: MERCY HEALTHCARE FOUNDATION | $10,000 |
Smith Fam Charitable Tr Ua 11212000 Brooklyn, OH PURPOSE: FUNDING FOR MCAULEY | $7,500 |
Leeber Family Charitable Foundation Warner, NH PURPOSE: OPERATING SUPPORT | $5,000 |
Endowment Analysis
| Beg. Balance | $3,492,269 |
| Earnings | $67,892 |
| Net Contributions | $9,344 |
| Other Expense | $63,013 |
| Ending Balance | $3,506,492 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concord Hospital Inc Concord, NH | $697,377,820 | $555,720,109 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $588,879,146 | $503,607,421 |
Catholic Medical Center Manchester, NH | $530,592,222 | $459,237,683 |
Central Maine Medical Center Lewiston, ME | $300,463,191 | $396,713,032 |
Exeter Hospital Inc Exeter, NH | $285,871,430 | $303,921,048 |
Cheshire Medical Center Keene, NH | $185,465,067 | $225,659,551 |
St Joseph Hospital Of Nashua Nh Nashua, NH | $273,734,500 | $242,203,849 |
St Marys Regional Medical Center Lewiston, ME | $147,144,163 | $235,124,353 |
Mid Coast Hospital Brunswick, ME | $233,202,756 | $223,348,397 |
Southern New Hampshire Medical Center Nashua, NH | $464,724,660 | $262,407,741 |
Mercy Hospital Portland, ME | $154,782,094 | $236,348,099 |
York Hospital York, ME | $128,368,248 | $199,699,345 |