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 06/2021, Mercy Medical Center employed 2,848 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Medical Center 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 06/2020, Mercy Medical Center generated $356.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $351.5m during the year ending 06/2020. While expenses have increased by 2.3% 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 Medical Center has awarded 162 individual grants totaling $59,432,697. 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) - $14,680,000; OTHER COMMUNITY BENEFITS (INCLUDES SUBSIDIZED HEALTH SERVICES, FINANCIAL CONTRIBUTIONS) - $3,006,000; FREE SERVICE (TO PATIENTS WHO MEET MERCY'S FREE-SERVICE GUIDELINES) - $4,890,000; COSTS IN EXCESS OF MEDICAID REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICAID) - $10,910,000, PHYSICIAN EDUCATION - $(1,168,000). 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 122,000 HOURS TOWARD THE COMMON PURPOSE OF SERVING THE HEALTH CARE OF THE COMMUNITY. THE VALUE OF THESE CONTRIBUTIONS WAS APPROXIMATELY $1,718,000 AND WAS GIVEN BACK TO THE COMMUNITY THROUGH LOWER COSTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Trimedx
Maintain And Repair Medical Equpment
$4,034,148
Sound Physicians
Healthcare Professional Services
$4,189,555
Oncology Associates Of Cedar Rapids
Healthcare Professional Services
$3,479,733
University Of Iowa Health Care
Healthcare Professional Services
$4,285,329
Weatherby Locums Inc
Healthcare Professional Services
$2,454,914
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$16,877,041
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 $10,795,943 in support to 21 organizations.

Grant RecipientAmount

MERCYCARE SERVICE CORPORATION

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$10,000,000

MERCY HOSPITAL CEDAR RAPIDS IA ENDOWMENT FOUNDATION

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$632,810

CATHERINE MCAULEY CENTER

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: GENERAL SUPPORT

$21,270

ESPECIALLY FOR YOU RACE AGAINST BREAST CANCER

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: GENERAL SUPPORT

$20,000

HAWKEYE AREA COMMUNITY ACTION PROGRAM INC

Org PageRecipient Profile

Hiawatha, IA

PURPOSE: GENERAL SUPPORT

$15,500

UNITED WAY OF EAST CENTRAL IOWA

Org PageRecipient Profile

Cedar Rapids, IA

PURPOSE: GENERAL SUPPORT

$12,700
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Mercy Medical Center has recieved totaling $1,525,072.

Awarding OrganizationAmount
Hall-Perrine Foundation

Cedar Rapids, IA

PURPOSE: HALLMAR VILLAGE CONSTRUCTION AND RENOVATION

$800,000
Hall-Perrine Foundation

Cedar Rapids, IA

PURPOSE: HALL RADIATION CENTER EQUIPMENT $500,000, HALLMAR VILLAGE CONSTRUCTION AND RENOVATION $200,000

$700,000
Greater Cedar Rapids Community Foundation

Cedar Rapids, IA

PURPOSE: ANNUAL DESIGNATED DISTRIBUTION FOR FAMILY CAREGIVERS CENTER, 2022 ESPECIALLY FOR YOU RACE SUPPORT, GENERAL SUPPORT

$15,463
Wolfe Cataract Foundation

Marshalltown, IA

PURPOSE: INDINGENT PATIENT CARE

$8,514
Alliant Energy Foundation Inc

Madison, WI

PURPOSE: MATCHING GIFTS

$1,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$95
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$70,449,711
Earnings$13,217,282
Admin Expense$1,694,292
Net Contributions$8,433,872
Other Expense-$812,952
Ending Balance$91,219,525

Peer Organizations

Organization NameAssets
St Lukes Hospital Of Kansas City
Kansas City, MO
$1,070,641,998
Saint Thomas West Hospital
St Louis, MO
$1,081,181,844
St Cloud Hospital
St Cloud, MN
$1,117,982,242
Mercy Hospital Springfield
Springfield, MO
$1,115,699,805
Ascension St John Hospital
St Louis, MO
$965,978,781
Advocate North Side Health Network
Downers Grove, IL
$901,672,521
The Carle Foundation Hospital
Urbana, IL
$1,085,020,210
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
Ssm Healthcare Of Oklahoma Inc
St Louis, MO
$906,998,301
Regions Hospital
Minneapolis, MN
$936,558,758
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$904,841,538
Central Iowa Hospital Corporation
Des Moines, IA
$937,321,371

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