Merakey Usa
- Assets
- $176.8m
- Revenue
- $59.2m
- Investments
- $46.5m
- Employees
- 662
- Location
- Lafayette Hill, PA
- Founding
- 02/1982
- Data as of
- 06/2021
- EIN
- 23-2175924
Organization Overview
Merakey Usa is located in Lafayette Hill, PA. The organization was established in 1982. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2021, Merakey USA employed 662 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merakey USA is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Merakey USA generated $59.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $60.2m during the year ending 06/2021. While expenses have increased by 0.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PERFORM ADMINISTRATIVE AND SUPPORTING SERVICES FOR ITS EXEMPT AFFILIATED SUBSIDIARIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PERFORM ADMINISTRATIVE AND SUPPORTING SERVICES FOR ITS EXEMPT AFFILIATED SUBSIDIARIES IN FURTHERANCE OF THEIR MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Martz President & CEO | OfficerTrustee | 40 | $1,055,549 |
Theodore Dallas President & COO | Officer | 40 | $600,252 |
Derrick Yacovelli CFO & Treasurer | Officer | 40 | $551,349 |
Terrence Mcnelis Evp, Idd Services | Officer | 10 | $505,731 |
Jill Weitz ESQ General Counsel & Secretar | Officer | 40 | $461,495 |
Leah Pason Chief People Officer | Officer | 40 | $458,788 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Linton's Managed Services Food Services | 6/29/21 | $4,562,992 |
Hhs Environmental Services Llc Facilities | 6/29/21 | $2,601,103 |
Netsmart Technologies Inc Computer Equipment | 6/29/21 | $2,759,566 |
M&t Bank Credit Card Processing | 6/29/21 | $3,002,321 |
Flagstar Staffing Inc Temp Agency | 6/29/21 | $2,748,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $21,240 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $110,432 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $131,672 |
| Total Program Service Revenue | $58,581,665 |
| Investment income | $10,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $130,455 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $59,186,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,712,221 |
| Pension plan accruals and contributions | $2,155,615 |
| Other employee benefits | $4,914,161 |
| Payroll taxes | $2,260,914 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $141,877 |
| Fees for services: Accounting | $218,876 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,438,267 |
| Advertising and promotion | $31,488 |
| Office expenses | $1,506,994 |
| Information technology | $4,318,799 |
| Royalties | $0 |
| Occupancy | $2,293,412 |
| Travel | $726,684 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $80,018 |
| Interest | $1,857,959 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,482,214 |
| Insurance | $481,880 |
| All other expenses | $527,865 |
| Total functional expenses | $60,179,244 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,908,709 |
| Savings and temporary cash investments | $44,042,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $75,309 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,907,470 |
| Inventories for sale or use | $1,069,088 |
| Prepaid expenses and deferred charges | $2,496,535 |
| Net Land, buildings, and equipment | $32,377,695 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $46,541,526 |
| Investments—program-related | $0 |
| Intangible assets | $1,058,533 |
| Other assets | $6,308,870 |
| Total assets | $176,785,853 |
| Accounts payable and accrued expenses | $16,407,494 |
| Grants payable | $0 |
| Deferred revenue | $12,391 |
| Tax-exempt bond liabilities | $25,824,991 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $24,580,528 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,291,373 |
| Total liabilities | $95,116,777 |
| Net assets without donor restrictions | $81,669,076 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $176,785,853 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merakey Usa has recieved totaling $21,240.
| Awarding Organization | Amount |
|---|---|
Merakey Foundation Lafayette Hill, PA PURPOSE: PROGRAM SUPPORT | $21,240 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wheeling Hospital Inc Wheeling, WV | $275,589,761 | $110,733,229 |
Luminis Health Inc Annapolis, MD | $817,492,889 | $110,470,140 |
Mercy Life Center Corporation Pittsburgh, PA | $112,504,753 | $111,350,814 |
Carbon Schiylkill Community Hospital Inc Allentown, PA | $59,769,388 | $99,125,691 |
Thomas Health System Inc S Charleston, WV | $66,489,070 | $891,312 |
Mercy Management Of Southeastern Pennsylvania Newtown Square, PA | $35,720,609 | $73,428,076 |
Mount Nittany Medical Center Health Services Inc State College, PA | $76,955,492 | $122,027,068 |
Archcare New York, NY | $38,938,250 | $96,013,711 |
Hackensack Meridian Health Inc Edison, NJ | $4,603,504,808 | $570,011,580 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $51,745,576 | $84,060,384 |
Hackensack Meridian Health Inc Neptune, NJ | $71,369,061 | $79,547,655 |
Trinity Health Of The Mid-Atlantic Region Newtown Square, PA | $176,808,635 | $95,052,578 |