Mercy Medical Center

Organization Overview

Mercy Medical Center is located in Cedar Rapids, 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 06/2020, Mercy Medical Center employed 2,841 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes.

For the year ending 06/2020, Mercy Medical Center generated $356.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $351.5m during the year ending 06/2020. While expenses have increased by 2.8% per year over the past 5 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 has awarded 128 individual grants totaling $40,105,794. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO CARE FOR THE SICK AND ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, GUIDED BY THE SPIRIT OF THE SISTERS OF MERCY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE HOSPITAL PROVIDES MEDICAL HEALTH CARE, INCLUDING 24 HOURS A DAY, SEVEN DAYS A WEEK TRAUMA CENTER SERVICE, TO ALL PATIENTS ACCESSING THE SYSTEM, REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. A PATIENT IS CLASSIFIED AS A CHARITY PATIENT BY REFERENCE TO CERTAIN ESTABILISHED POLICIES OF THE HOSPITAL. ESSENTIALLY, THESE POLICIES DEFINE CHARITY SERVICES AS THOSE SERVICES FOR WHICH NO OR NOMINAL PAYMENT IS ANTICIPATED. ADDITIONALLY, EACH HOSPITAL DEPARTMENT ACCEPTS ALL PATIENTS WHO ARE COVERED BY GOVERNMENTAL INDIGENT PROGRAMS. SUCH INDIGENT PROGRAMS TYPICALLY REMIT AMOUNTS SUBSTANTIALLY LESS THAN CHARGES. THE FOLLOWING SUMMARIZES THE HOSPITAL'S CARE OF THE UNINSURED AND UNDERINSURED. COSTS IN EXCESS OF MEDICARE REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICARE) - $18,806,000; OTHER COMMUNITY BENEFITS (INCLUDES SUBSIDIZED HEALTH SERVICES, FINANCIAL CONTRIBUTIONS) - $3,860,000; FREE SERVICE (TO PATIENTS WHO MEET MERCY'S FREE-SERVICE GUIDELINES) - $5,043,000; COSTS IN EXCESS OF MEDICAID REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICAID) - $8,695,000, PHYSICIAN EDUCATION - $1,156,000. IN ADDITION, CHARITY CARE AND COMMUNITY SERVICE ARE PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR. THESE PROGRAMS PROVIDE A BONA FIDE COMMUNITY HEALTH NEED, INCLUDING: A. PUBLIC AND PROFESSIONAL EDUCATIONAL SEMINAR ARE OFFERED ON A VARIETY OF TOPICS INCLUDING JOINT REPLACEMENT SURGERY, PRENATAL EDUCATION, DIABETES, MENTAL HEALTH DISORDERS, AND NUMEROUS OTHER MEDICAL CONDITIONS OF MEDICAL AND PSYCHOSOCIAL NATURE. SPECIALIZED CANCER SEMINARS ARE ALSO OFFERED. B. HOSPITAL MEETING FACILITIES WHICH ARE FREQUENTLY USED WITHOUT CHARGE BY SUCH GROUPS AS THE AMERICAN HEART ASSOCIATION, IOWA BREAST CANCER FOUNDATION, HEALTHY LINN NETWORK ADVISORY COMMITTEE, OVEREATERS ANONYMOUS, CATHOLIC LAYMEN, UNITED WAY, CATHERINE MCAULEY CENTER FOR WOMEN, THE AMERICAN CANCER SOCIETY. M.S. SUPPORT GROUP, EASTERN IOWA ONCOLOGY NURSES SOCIETY, THE IOWA CANCER CONSORTIUM, THE PARENT EDUCATION CONSORTIUM, ARC OF EAST CENTRAL IOWA, AND SEVERAL OTHER GROUPS. C. CONTRIBUTIONS OF APPROXIMATELY 155,000 HOURS TOWARD THE COMMON PURPOSE OF SERVING THE HEALTH CARE OF THE COMMUNITY. THE VALUE OF THESE CONTRIBUTIONS WAS APPROXIMATELY $2,134,000 AND WAS GIVEN BACK TO THE COMMUNITY THROUGH LOWER COSTS.


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Board, Officers & Key Employees

Name (title)Compensation
Chong C Lee MD
Physician
$1,271,171
Darin W Smith
Physician
$1,016,105
Ryan D Hollenbeck MD
Physician
$938,061
Shane A Gailushas MD
Physician
$929,723
Amandeep Dhaliwal MD
Physician
$888,678
Timothy L Charles
President & CEO
$718,822

Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Iowa Health Care
Healthcare Professional Services
$4,535,384
Trimedx
Maintain And Repair Medical Equpment
$3,852,393
Oncology Associates Of Cedar Rapids
Healthcare Professional Services
$3,517,364
Sound Physicians
Healthcare Professional Services
$2,969,987
Weatherby Locums Inc
Healthcare Professional Services
$2,941,558
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,701,555
Government grants $13,777,018
All other contributions, gifts, grants, and similar amounts not included above$398,468
Noncash contributions included in lines 1a–1f $960
Total Revenue from Contributions, Gifts, Grants & Similar$16,877,041
Total Program Service Revenue$332,007,716
Investment income $5,393,302
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $412,104
Net Gain/Loss on Asset Sales $2,724,291
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$511,220
Miscellaneous Revenue$0
Total Revenue $356,239,864

Grants Awarded

Over the last fiscal year, Mercy Medical Center has awarded $8,530,960 in support to 13 organizations.

Grant RecipientAmount

MERCYCARE SERVICE CORPORATION

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$8,200,000

MERCY HOSPITAL CEDAR RAPIDS IA ENDOWMENT FOUNDATION

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$216,288

LINN COUNTY PUBLIC HEALTH

PURPOSE: GENERAL SUPPORT

$17,500

CATHERINE MCAULEY CENTER

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: GENERAL SUPPORT

$15,000

Cedar Rapids, IA

PURPOSE: GENERAL SUPPORT

$14,863

UNITED WAY OF EAST CENTRAL IOWA

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: GENERAL SUPPORT

$14,109
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Mercy Medical Center has recieved totaling $2,500,000.

Awarding OrganizationAmount
Hall-Perrine Foundation

Cedar Rapids, IA

PURPOSE: HALLMAR VILLAGE CONSTRUCTION/RENOVATION

$2,500,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$39,073,708
Earnings$1,650,324
Admin Expense$862,588
Net Contributions$30,700,765
Other Expense$112,498
Ending Balance$70,449,711

Peer Organizations

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