Catholic Health Initiatives-Iowa Corp
- Assets
- $935.6m
- Revenue
- $899.3m
- Investments
- $329.8m
- Employees
- 6,254
- Location
- Des Moines, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 42-0680448
Organization Overview
Catholic Health Initiatives-Iowa Corp, operating under the name Mercy Medical Center - Des Moines, is located in Des Moines, 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 - Des Moines employed 6,254 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Medical Center - Des Moines 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 - Des Moines generated $899.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $964.9m during the year ending 06/2022. While expenses have increased by 3.8% 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 2015, Mercy Medical Center - Des Moines has awarded 209 individual grants totaling $438,595,134. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CATHOLIC HEALTH INITIATIVES - IOWA CORP IS A NOT-FOR-PROFIT CATHOLIC HEALTH CARE ORGANIZATION CREATING HEALTHIER COMMUNITIES THROUGH THE OPERATION OF A 802-BED ACUTE CARE HOSPITAL.
Describe the Organization's Program Activity:
SEE SCHEDULE H
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ritz Director/ceo Mercy Health Network | Trustee | 1 | $0 |
Matthew Brown Director/sys Svp-Operations Transformation | Trustee | 1 | $0 |
Michael Wegner Director, Interim President Mercyone | OfficerTrustee | 40 | $1,286,950 |
Sean Williams President Network Hospital | 40 | $1,141,969 | |
Kent Carr Svp-Physician Enterprise | 40 | $1,043,933 | |
David Hockmuth Cardiothoracic Surgeon | 40 | $959,573 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Realty Services Inc Real Estate Services | 6/29/22 | $6,479,801 |
Medical Staffing Solution Staffing Serves | 6/29/22 | $5,271,104 |
Magella Medical Assoc Of Ga Pc Medical Services | 6/29/22 | $2,534,710 |
Waldinger Corp Mechanical Contractor | 6/29/22 | $2,758,734 |
Ge Precision Healthcare Llc It Services | 6/29/22 | $2,610,676 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,366,501 |
| Government grants | $10,213,523 |
| All other contributions, gifts, grants, and similar amounts not included above | $861,430 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,441,454 |
| Total Program Service Revenue | $751,622,774 |
| Investment income | $3,174,935 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,659,252 |
| Net Gain/Loss on Asset Sales | $16,461,661 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $899,251,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,069,547 |
| 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. | $6,346,471 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $278,448,983 |
| Pension plan accruals and contributions | $13,208,560 |
| Other employee benefits | $28,928,576 |
| Payroll taxes | $18,974,661 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,042 |
| Fees for services: Lobbying | $33,024 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,837,578 |
| Advertising and promotion | $4,100,246 |
| Office expenses | $9,836,926 |
| Information technology | $37,616,406 |
| Royalties | $0 |
| Occupancy | $18,099,554 |
| Travel | $861,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,709 |
| Interest | $3,983,470 |
| Payments to affiliates | $7,897,834 |
| Depreciation, depletion, and amortization | $35,653,119 |
| Insurance | $4,097,958 |
| All other expenses | $10,351,844 |
| Total functional expenses | $964,931,390 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,006 |
| Savings and temporary cash investments | $23,763,595 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $130,059,691 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $26,146,315 |
| Prepaid expenses and deferred charges | $2,056,570 |
| Net Land, buildings, and equipment | $311,000,190 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $329,773,300 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $112,736,828 |
| Total assets | $935,566,495 |
| Accounts payable and accrued expenses | $97,322,559 |
| Grants payable | $0 |
| Deferred revenue | $645,215 |
| 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 | $190,541,212 |
| Total liabilities | $288,508,986 |
| Net assets without donor restrictions | $647,057,509 |
| 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 | $935,566,495 |
Grants Awarded
Over the last fiscal year, Catholic Health Initiatives-Iowa Corp has awarded $69,019,475 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
ABOVE & BEYOND CANCER PURPOSE: COMMUNITY SUPPORT | $25,000 |
BRAVO GREATER DES MOINES PURPOSE: COMMUNITY SUPPORT | $10,000 |
COMMUNITY FOUNDATION OF GREATER DES MOINES PURPOSE: COMMUNITY SUPPORT | $115,000 |
GREAT OUTDOORS FOUNDATION PURPOSE: COMMUNITY SUPPORT | $50,000 |
HOUSE OF MERCY PURPOSE: PROGRAM SUPPORT | $950,000 |
MERCY MEDICAL CENTER CENTERVILLE PURPOSE: PROGRAM SUPPORT | $602,779 |