Mercy Medical Center-Centerville
- Assets
- $56.1m
- Revenue
- $46.3m
- Investments
- $35.5m
- Employees
- 383
- Location
- Centerville, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 42-0680308
Organization Overview
Mercy Medical Center-Centerville is located in Centerville, IA. The organization was established in 1946. 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 06/2022, Mercy Medical Center-Centerville employed 383 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Medical Center-Centerville 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 06/2022, Mercy Medical Center-Centerville generated $46.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $46.1m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 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.
Since 2017, Mercy Medical Center-Centerville has awarded 13 individual grants totaling $109,152. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCY MEDICAL CENTER-CENTERVILLE IS A NOT-FOR-PROFIT CATHOLIC HEALTH ORGANIZATION CREATING HEALTHIER COMMUNITIES BY OPERATING A 25-BED ACUTE CARE HOSPITAL AND A 20-BED SKILLED NURSING FACILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCH H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Wegner Director/interim President, Chi Iowa Corp | Trustee | 1 | $0 |
Karl Keeler Dir/pres-Chi Iowa Corp(partial Year) | Trustee | 1 | $0 |
Randall Rubin Svp, CFO - Chi Iowa Corp / Board Treasurer | Officer | 1 | $0 |
Brian Quinn Physician | 40 | $354,596 | |
Ryan Arnevik Director/physician | Trustee | 40 | $340,079 |
Jennifer Haden Physician | 40 | $303,063 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Amn Healthcare Staffing Solutions | 6/29/22 | $882,938 |
Wapiti Medical Staffing Medical Staffing | 6/29/22 | $1,103,153 |
Bloomfield Anesthetists Physician Services | 6/29/22 | $595,333 |
Baker Group Mechanical Contractor | 6/29/22 | $433,387 |
Global Medical Reit Lp Real Estate Investment Services | 6/29/22 | $398,053 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $615,041 |
| Government grants | $1,690,937 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,305,978 |
| Total Program Service Revenue | $40,159,416 |
| Investment income | $336,052 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $94,670 |
| Net Gain/Loss on Asset Sales | $1,734,414 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,302,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,662 |
| 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. | $539,697 |
| Compensation of current officers, directors, key employees. | $323,818 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,204,071 |
| Pension plan accruals and contributions | $854,046 |
| Other employee benefits | $1,969,046 |
| Payroll taxes | $1,214,251 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,387 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,754 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,713,111 |
| Advertising and promotion | $91,667 |
| Office expenses | $1,255,859 |
| Information technology | $1,857,412 |
| Royalties | $0 |
| Occupancy | $2,044,861 |
| Travel | $65,014 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,109 |
| Interest | $0 |
| Payments to affiliates | $395,798 |
| Depreciation, depletion, and amortization | $775,410 |
| Insurance | $107,950 |
| All other expenses | $844,005 |
| Total functional expenses | $46,143,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,568 |
| Savings and temporary cash investments | $2,232,576 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,812,730 |
| Loans from Officers, Directors, or Controlling Persons | $21,329 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $750,314 |
| Prepaid expenses and deferred charges | $8,823 |
| Net Land, buildings, and equipment | $7,706,890 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $35,454,009 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,131,646 |
| Total assets | $56,146,885 |
| Accounts payable and accrued expenses | $1,171,665 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,517,417 |
| Total liabilities | $9,689,082 |
| Net assets without donor restrictions | $46,457,803 |
| 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 | $56,146,885 |
Grants Awarded
Over the last fiscal year, Mercy Medical Center-Centerville has awarded $12,792 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RATHBUN LAKE AREA YMCA PURPOSE: COMMUNITY SUPPORT | $5,900 |
CENTERVILLERATHBUN LAKE AREA CHAMBER OF COMMERCE PURPOSE: COMMUNITY SUPPORT | $6,892 |