Mercy Hospital
- Assets
- $246.1m
- Revenue
- $253.3m
- Investments
- $0.0
- Employees
- 1,837
- Location
- Portland, ME
- Founding
- 05/1947
- Data as of
- 09/2021
- EIN
- 01-0211534
Organization Overview
Mercy Hospital is located in Portland, ME. The organization was established in 1947. 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 09/2021, Mercy Hospital employed 1,837 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 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 09/2021, Mercy Hospital generated $253.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (11.8%) each year. All expenses for the organization totaled $242.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MERCY HOSPITAL D/B/A NORTHERN LIGHT MERCY HOSPITAL CARRIES OUT THE HEALING WORK OF CHRIST BY PROVIDING CLINICALLY EXCELLENT, COMPASSIONATE HEALTHCARE FOR ALL, WITH SPECIAL CONCERN FOR THE POOR AND DISADVANTAGED.
Describe the Organization's Program Activity:
PROVIDE HEALTHCARE SERVICES REGARDLESS OF ABILITY TO PAY AS WELL AS EDUCATION, RESEARCH AND PROMOTION OF HEALTH. PROVIDED OTHER UNCOMPENSATED CARE (AT COST) OF $3,450,274
MEDICARE SHORTFALLS (AT COST) 45,746 PERSONS SERVED
MEDICAID SHORTFALLS (AT COST) 43,920 PERSONS SERVED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wahlig Physician | 50 | $1,067,416 | |
Nicolas F Arredondo Physician | 50 | $816,388 | |
Lee Thibodeau Physician | 50 | $714,910 | |
Christopher Kleeman Medical Director | 50 | $568,265 | |
Charles Therrien Pres/ex-Off | OfficerTrustee | 50 | $536,221 |
Craig Brett MD Trustee/ex-Off | Trustee | 50 | $530,006 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chest Medicine Associates Physician & Director Serv | 9/29/21 | $1,607,730 |
Ogrady-peyton International Temp Staffing | 9/29/21 | $690,919 |
Southern Maine Orthopaedic Physician Fees | 9/29/21 | $730,125 |
Spectrum Healthcare Temp Staffing/phsn | 9/29/21 | $658,570 |
Hbcs Collection Fees | 9/29/21 | $1,066,884 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,465,534 |
| Government grants | $2,330,238 |
| All other contributions, gifts, grants, and similar amounts not included above | $522,614 |
| Noncash contributions included in lines 1a–1f | $39,429 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,318,386 |
| Total Program Service Revenue | $246,553,773 |
| Investment income | $384,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $300,619 |
| Net Gain/Loss on Asset Sales | -$1,263,608 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$8,782 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,284,486 |
| 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. | $3,069,542 |
| Compensation of current officers, directors, key employees. | $727,526 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,092,348 |
| Pension plan accruals and contributions | $3,337,374 |
| Other employee benefits | $12,541,298 |
| Payroll taxes | $6,877,581 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,436 |
| Fees for services: Accounting | $32,480 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,199 |
| Fees for services: Other | $29,709,835 |
| Advertising and promotion | $958,261 |
| Office expenses | $5,417,666 |
| Information technology | $10,772,222 |
| Royalties | $0 |
| Occupancy | $9,333,564 |
| Travel | $83,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $153,177 |
| Interest | $2,130,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,129,724 |
| Insurance | $3,297,595 |
| All other expenses | $229,997 |
| Total functional expenses | $242,628,807 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,000,143 |
| Savings and temporary cash investments | $667,720 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $42,498,642 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,673 |
| Inventories for sale or use | $4,604,219 |
| Prepaid expenses and deferred charges | $1,356,710 |
| Net Land, buildings, and equipment | $132,346,197 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,151,000 |
| Other assets | $47,428,127 |
| Total assets | $246,085,431 |
| Accounts payable and accrued expenses | $42,726,525 |
| Grants payable | $0 |
| Deferred revenue | $14,559,671 |
| Tax-exempt bond liabilities | $94,347,998 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,492,154 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $35,548,477 |
| Total liabilities | $189,674,825 |
| Net assets without donor restrictions | $45,995,382 |
| Net assets with donor restrictions | $10,415,224 |
| 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 | $246,085,431 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Hospital has recieved totaling $100,000.
| Awarding Organization | Amount |
|---|---|
Organization Name not Listed PURPOSE: GENERAL OPERATING SUPPORT | | $100,000 |
Endowment Analysis
| Beg. Balance | $3,558,084 |
| Earnings | $620,156 |
| Net Contributions | $28,673 |
| Other Expense | $90,133 |
| Ending Balance | $4,116,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Concord Hospital Inc Concord, NH | $790,822,441 | $622,809,517 |
Elliot Hospital Of The City Of Manchester Manchester, NH | $676,110,969 | $594,778,887 |
Catholic Medical Center Manchester, NH | $518,751,919 | $548,724,237 |
Central Maine Medical Center Lewiston, ME | $261,602,490 | $415,757,957 |
Exeter Hospital Inc Exeter, NH | $369,586,384 | $318,717,288 |
Southern New Hampshire Medical Center Nashua, NH | $437,025,715 | $313,798,950 |
St Marys Regional Medical Center Lewiston, ME | $137,492,595 | $248,635,435 |
St Joseph Hospital Of Nashua Nh Nashua, NH | $290,885,778 | $272,191,009 |
Mercy Hospital Portland, ME | $246,085,431 | $253,284,486 |
Cheshire Medical Center Keene, NH | $168,346,405 | $247,398,804 |
York Hospital York, ME | $137,570,951 | $221,452,190 |
St Joseph Hospital Bangor, ME | $73,052,907 | $183,023,757 |