The Mercy Hospital Inc
- Assets
- $650.3m
- Revenue
- $349.3m
- Investments
- $146.0m
- Employees
- 2,469
- Location
- Hartford, CT
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 04-3398280
Organization Overview
The Mercy Hospital Inc, operating under the name See Schedule O, is located in Hartford, CT. 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, See Schedule O employed 2,469 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O 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, See Schedule O generated $349.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $334.8m during the year ending 06/2021. While expenses have increased by 3.3% 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 2016, See Schedule O has awarded 83 individual grants totaling $3,474,697. 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
TTHE MERCY HOSPITAL HAS ESTABLISHED ITSELF AS ONE OF THE LEADING PROVIDERS OF HEALTH CARE SERVICES IN WESTERN MASSACHUSETTS. THE MERCY HOSPITAL IS A FULL-SERVICE ACUTE CARE HOSPITAL LICENSED FOR 182 BEDS PROVIDING SERVICES AND PROGRAMS FOR CARDIAC CARE, MATERNITY SERVICES, CANCER TREATMENT, EMERGENCY CARE, DIAGNOSTIC IMAGING, INTENSIVE CARE, CRITICAL CARE, AND SURGICAL PROCEDURES, IN AN INPATIENT AND OUTPATIENT SETTING. THE MERCY HOSPITAL ALSO PROVIDES A COMPREHENSIVE HOSPITAL-BASED REHABILITATION CENTER. PLEASE SEE SCHEDULE H AND THE WEBSITE AT WWW.TRINITYHEALTHOFNE.ORG/ABOUT-US/ FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Tarail MD Psychiatrist | 50 | $283,881 | |
Dorota Poluha MD Medical Director | 50 | $266,593 | |
Ari Kriegsman MD Medical Director Addiction Consult | 50 | $228,304 | |
Kevin O'connor Director, Chair Through 12/20 | OfficerTrustee | 1 | $0 |
Joann Price Director; Vice Chair As Of 1/21 | OfficerTrustee | 1 | $0 |
James Smith Dir; V Chair Thr 12/20;chair At 1/21 | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sc Orthopedics Of New England Pc Physician Services | 6/29/21 | $1,716,469 |
Boston Medical Center Physician Services | 6/29/21 | $2,177,134 |
Adfinitas Health At Mercy Hosp Physician Services | 6/29/21 | $1,697,179 |
Soho Health Heathcare Services | 6/29/21 | $1,269,507 |
Angelica Laundry Service | 6/29/21 | $1,148,164 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $60,000 |
| Government grants | $1,546,502 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,377,427 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,983,929 |
| Total Program Service Revenue | $318,191,596 |
| Investment income | $2,378,317 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $661,226 |
| Net Gain/Loss on Asset Sales | $4,574,211 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $349,346,324 |
| 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. | $1,317,779 |
| Compensation of current officers, directors, key employees. | $1,317,779 |
| Compensation to disqualified persons | $465,728 |
| Other salaries and wages | $95,974,879 |
| Pension plan accruals and contributions | $7,292,669 |
| Other employee benefits | $4,442,118 |
| Payroll taxes | $7,487,032 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $98,639 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $167,097 |
| Fees for services: Other | $25,222,637 |
| Advertising and promotion | $409,402 |
| Office expenses | $2,442,518 |
| Information technology | $19,652 |
| Royalties | $0 |
| Occupancy | $9,232,793 |
| Travel | $26,901 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,104 |
| Interest | $4,220,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,924,766 |
| Insurance | $2,523,818 |
| All other expenses | $3,972,458 |
| Total functional expenses | $334,810,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,328,098 |
| Pledges and grants receivable | $475,833 |
| Accounts receivable, net | $41,874,870 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $5,798,630 |
| Prepaid expenses and deferred charges | $835,353 |
| Net Land, buildings, and equipment | $76,858,445 |
| Investments—publicly traded securities | $271,196,204 |
| Investments—other securities | $146,028,725 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $104,881,100 |
| Total assets | $650,277,258 |
| Accounts payable and accrued expenses | $30,255,270 |
| Grants payable | $0 |
| Deferred revenue | $23,221 |
| 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 | $227,965 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $423,368,370 |
| Total liabilities | $453,874,826 |
| Net assets without donor restrictions | $191,258,912 |
| Net assets with donor restrictions | $5,143,520 |
| 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 | $650,277,258 |
Grants Awarded
Over the last fiscal year, The Mercy Hospital Inc has awarded $2,389,518 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
Springfield, MA PURPOSE: TCI GRANT REIMBURSEMENT | $169,278 |
Springfield, MA PURPOSE: TCI GRANT REIMBURSEMENT | $169,278 |
Springfield, MA PURPOSE: TCI GRANT REIMBURSEMENT | $169,278 |
Springfield, MA PURPOSE: TCI GRANT REIMBURSEMENT | $169,278 |
Springfield, MA PURPOSE: TCI GRANT REIMBURSEMENT | $169,278 |
Springfield, MA PURPOSE: TCI GRANT REIMBURSEMENT | $169,278 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Mercy Hospital Inc has recieved totaling $9,998.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of Western Massachusetts Springfield, MA PURPOSE: GENERAL HEALTH | $9,998 |
Endowment Analysis
| Beg. Balance | $654,729 |
| Earnings | $51,803 |
| Net Contributions | $25,547 |
| Ending Balance | $732,079 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |