Mercy Hospital
- Assets
- $261.0m
- Revenue
- $193.3m
- Investments
- $0.0
- Employees
- 1,516
- Location
- Iowa City, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 42-0680391
Organization Overview
Mercy Hospital is located in Iowa City, 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 06/2021, Mercy Hospital employed 1,516 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Hospital 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, Mercy Hospital generated $193.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $182.8m during the year ending 06/2021. While expenses have increased by 2.9% 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.
Since 2015, Mercy Hospital has awarded 12 individual grants totaling $126,500. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO HEAL AND COMFORT THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITY IN THE SPIRIT OF JESUS CHRIST.
Describe the Organization's Program Activity:
HOSPITAL SERVICES. IN KEEPING WITH OUR MISSION OF HEALING AND COMFORTING THE SICK, PROVIDING HOSPITAL MEDICAL SERVICES IS AT THE HEART OF WHAT WE DO. THESE SERVICES ARE PROVIDED IN INPATIENT AND OUTPATIENT SETTINGS, IN SITUATIONS THAT MAY BE EMERGENT, ACUTE OR CHRONIC. SERVICES INCLUDE A 24 HOUR EMERGENCY UNIT, INTENSIVE AND CARDIOVASCULAR CARE. WE ALSO SERVICE A MATERNITY UNIT AND NEWBORN NURSERY ALONG WITH OTHER SURGICAL SERVICES, CARDIAC CATH LAB, CANCER CARE, DIGESTIVE CARE, TELEMETRY MONITORED CARE, MEDICAL CARE, STROKE CARE.
EDUCATION. THE ONGOING EDUCATION OF MERCY STAFF IS CRITICAL IN THE FAST CHANGING FIELD OF HEALTH CARE AND IT NECESSARY TO MEET REGULATIONS AND CERTIFICATIONS. MERCY HOSTS A NUMBER OF PROFESSIONAL CONTINUING EDUCATION CLASSES EACH YEAR, WHICH IS ATTENDED BY IT'S OWN STAFF AND STAFF FROM OTHER INSTITUTIONS. MERCY PROVIDES A SETTING FOR STUDENTS WHO ARE CONSIDERING A CAREER IN HEALTH CARE INCLUDING A CLASS OF INSIGHT TO POSSIBLE CAREERS AND PREPARATION FOR CNA EXAM.
COMMUNITY BENEFIT. MERCY'S COMMUNITY BENEFITS TAKE MANY FORMS, BEGINNING WITH THE TRADITIONAL CHARITY CARE OF ($1.0 MILLION) AND THE UNPAID COST OF MEDICAID ($6.2 MILLION). OTHER EXAMPLES INCLUDE CASH DONATIONS TO COMMUNITY NON-FOR-PROFITS SUCH AS THE FREE MEDICAL CLINIC, LEADERSHIP TIME AND SKILLS THAT FURTHER THE WORK OF THE NON-FOR-PROFITS, FIRST AID BOOTH PROVIDED AT PUBLIC EVENTS INCLUDING THE JOHNSON CO FAIR. THESE EFFORTS ARE DETAILED IN MERCY'S COMMUNITY HEALTH BENEFIT REPORT. AS A TRUSTED, LONGTIME MEMBER OF THE COMMUNITY, MERCY PLAYS AN IMPORTANT ROLE NOT ONLY IN FURTHER COMMUNITY HEALTH BUT THE GENERAL COMMUNITY GOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yonas Getachew Physician | 40 | $669,623 | |
Benjamin Green Physician | 40 | $633,225 | |
Andrew Ashby Physician | 40 | $604,455 | |
James Nielsen Physician | 40 | $567,756 | |
Joseph Truszowski Physician | 40 | $542,498 | |
Luke Brunkhorst Physician | 40 | $527,354 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One Neck It Solutions It Services | 6/29/21 | $2,401,884 |
Mercyone Management Services | 6/29/21 | $2,910,931 |
Allscripts Healthcare Ehr/help Desk Services | 6/29/21 | $2,150,182 |
Medical Record Associates - Mra Is Labor | 6/29/21 | $1,931,835 |
Quest Diagnostics Lab Testing | 6/29/21 | $1,777,576 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,679,077 |
| Government grants | $0 |
| 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 | $1,679,077 |
| Total Program Service Revenue | $176,260,217 |
| Investment income | $1,045,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $245,963 |
| Net Gain/Loss on Asset Sales | $3,686,574 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $193,280,238 |
| 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. | $637,332 |
| Compensation of current officers, directors, key employees. | $434,436 |
| Compensation to disqualified persons | $161,536 |
| Other salaries and wages | $57,343,468 |
| Pension plan accruals and contributions | $852,959 |
| Other employee benefits | $6,719,537 |
| Payroll taxes | $3,989,985 |
| Fees for services: Management | $2,113,236 |
| Fees for services: Legal | $295,343 |
| Fees for services: Accounting | $123,528 |
| Fees for services: Lobbying | $26,508 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,014,959 |
| Advertising and promotion | $465,522 |
| Office expenses | $13,042,444 |
| Information technology | $6,404,147 |
| Royalties | $0 |
| Occupancy | $2,674,902 |
| Travel | $94,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $4,307,004 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,877,995 |
| Insurance | $490,068 |
| All other expenses | $4,512,091 |
| Total functional expenses | $182,828,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,087,082 |
| Savings and temporary cash investments | $1,593,041 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,230,682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,404,135 |
| Prepaid expenses and deferred charges | $3,167,584 |
| Net Land, buildings, and equipment | $54,919,612 |
| Investments—publicly traded securities | $100,105,986 |
| Investments—other securities | $0 |
| Investments—program-related | -$78,490,419 |
| Intangible assets | $0 |
| Other assets | $129,008,615 |
| Total assets | $261,026,318 |
| Accounts payable and accrued expenses | $41,950,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $64,516,446 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,819,756 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,868,802 |
| Total liabilities | $164,155,664 |
| Net assets without donor restrictions | $96,870,654 |
| 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 | $261,026,318 |
Grants Awarded
Over the last fiscal year, Mercy Hospital has awarded $39,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Iowa City, IA PURPOSE: General Support | $12,000 |
Iowa City, IA PURPOSE: General Support | $12,000 |
Iowa City, IA PURPOSE: General Support | $7,500 |
Iowa City, IA PURPOSE: General Support | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Hospital has recieved totaling $1,027.
| Awarding Organization | Amount |
|---|---|
Kenneth K Kinsey Family Foundation Iowa City, IA PURPOSE: GENERAL OPERATING FUND | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $16,457,386 |
| Earnings | $5,088,018 |
| Net Contributions | $47,025 |
| Grants | $1,078,838 |
| Ending Balance | $20,513,591 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Monument Health Rapid City Hospital Inc Rapid City, SD | $1,522,340,119 | $951,840,989 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |