Mercycare Service Corporation
- Assets
- $23.2m
- Revenue
- $11.3m
- Investments
- $18.0m
- Employees
- 0
- Location
- Cedar Rapids, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 42-1199429
Organization Overview
Mercycare Service Corporation is located in Cedar Rapids, IA. The organization was established in 1946. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercycare Service Corporation 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, Mercycare Service Corporation generated $11.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.3% each year . All expenses for the organization totaled $2.3m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE GENERAL STRATEGIC DIRECTION AND OVERSIGHT FUNCTIONS IN CONJUNCTION WITH THE PRIMARY PURPOSE OF ENGAGING IN ACTIVITIES WHICH PROMOTE THE GENERAL HEALTH OF THE COMMUNITY IN ACCORDANCE WITH THE IDEALS OF THE SISTERS OF MERCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STRATEGIC DIRECTION AND OVERSIGHT IN ACTIVITIES WHICH PROMOTE THE GENERAL HEALTH OF THE COMMUNITY IN ACCORDANCE WITH THE IDEALS OF THE SISTERS OF MERCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Ruffalo Chairman | OfficerTrustee | 1 | $0 |
Timothy L Charles President & CEO | OfficerTrustee | 1 | $0 |
Sister Terry Maltby Secretary | OfficerTrustee | 1 | $0 |
Nancy Kasparek Treasurer | OfficerTrustee | 1 | $0 |
Nathan Van Genderen Executive Vp/cfo | Officer | 1 | $0 |
Timothy Quinn MD Chief Of Clinical Operation | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $10,000,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,873,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,873,264 |
| Total Program Service Revenue | $0 |
| Investment income | $6,233 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,280,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $246,065 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $34,261 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,333 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $56,859 |
| All other expenses | $1,957,855 |
| Total functional expenses | $2,300,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $454,990 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,973,426 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,991,690 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $828,537 |
| Total assets | $23,248,643 |
| Accounts payable and accrued expenses | $0 |
| 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 | $4,953,189 |
| Total liabilities | $4,953,189 |
| Net assets without donor restrictions | $18,295,454 |
| 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 | $23,248,643 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercycare Service Corporation has recieved totaling $10,000,000.
| Awarding Organization | Amount |
|---|---|
Mercy Medical Center Cedar Rapids, IA PURPOSE: FOR USE IN CONTINUING OPERATIONS | $10,000,000 |
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 Name | Assets | Revenue |
|---|---|---|
Gold Cross Ambulance Service Inc Menasha, WI | $14,394,506 | $15,179,189 |
Medic Ems Davenport, IA | $6,864,673 | $11,642,302 |
St Marys Ems Detroit Lakes, MN | $11,851,136 | $11,822,450 |
Lakes Region Ems Inc North Branch, MN | $9,463,082 | $8,777,002 |
Tri-State Ambulance Inc La Crosse, WI | $6,779,441 | $7,643,517 |
Galesburg Hospitals Ambulance Service Galesburg, IL | $11,948,040 | $6,693,156 |
Greater Joplin Area Emergency Medical Services System Inc Joplin, MO | $7,078,353 | $5,759,807 |
Orange Cross Ambulance Inc Sheboygan, WI | $3,366,931 | $5,267,479 |
Regional Emergency Medical Services Authority St Joseph, MO | $10,829,701 | $4,522,153 |
County Rescue Services Inc Green Bay, WI | $1,246,281 | $3,531,625 |
Edward Ambulance Services Llc Naperville, IL | $4,605,572 | $4,107,602 |
St Croix Valley Emergency Medical Services Inc St Croix Falls, WI | $2,769,363 | $3,040,808 |