Mercy Health Services Iowa Corp
- Assets
- $862.3m
- Revenue
- $908.3m
- Investments
- $135.0m
- Employees
- 6,612
- Location
- Mason City, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 31-1373080
Organization Overview
Mercy Health Services Iowa Corp, operating under the name See Schedule O For List, is located in Mason City, IA. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, See Schedule O For List employed 6,612 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. See Schedule O For List 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 06/2022, See Schedule O For List generated $908.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $966.0m during the year ending 06/2022. While expenses have increased by 4.6% per year over the past 7 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, See Schedule O For List has awarded 310 individual grants totaling $21,956,965. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
MERCY HEALTH SERVICES-IOWA (MHS-IA) IS COMPRISED OF FOUR HOSPITAL DIVISIONS IN THE STATE OF IOWA THAT PROVIDED OVER 135,000 PATIENT DAYS OF HEALTH CARE SERVICES TO THEIR COMMUNITIES THROUGHOUT THE STATE OF IOWA AND SURROUNDING STATES.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS, AND AWARDS: WWW.MERCYONE.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stilianos Efstratiadis Physician, Cardiologist Sioux City | 50 | $0 | |
Linda Ross Dir; Chief Legal Officer Trinity | Trustee | 1 | $0 |
Yen Liu Physician, Dermatology North Iowa | 50 | $1,307,880 | |
Michael Faust Physician, Obgyn North Iowa | 50 | $1,088,585 | |
Giovanni Ciuffo Physician, Cardiologist Sioux City | 50 | $0 | |
Thoo Tan Physician, Obgyn North Iowa | 50 | $884,867 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mason City Clinic Pc Medical Services | 6/29/22 | $52,140,315 |
Ahsa American Healthcare Services Assoc Staffing Services | 6/29/22 | $5,318,775 |
North Iowa Anesthesia Assoc Medical Services | 6/29/22 | $4,961,932 |
Grapetree Medical Staffing Llc Staffing Services | 6/29/22 | $4,672,735 |
Neurosurgery Of North Iowa Medical Services | 6/29/22 | $4,210,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $708,438 |
| Government grants | $6,384,938 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,598 |
| Noncash contributions included in lines 1a–1f | $10,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,187,974 |
| Total Program Service Revenue | $828,440,285 |
| Investment income | $12,122,201 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $517,777 |
| Net Gain/Loss on Asset Sales | $5,955,153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,507,778 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $908,306,688 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,272,177 |
| Grants and other assistance to domestic individuals. | $53,469 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,470,151 |
| Compensation of current officers, directors, key employees. | $4,470,151 |
| Compensation to disqualified persons | $208,918 |
| Other salaries and wages | $306,518,093 |
| Pension plan accruals and contributions | $12,088,761 |
| Other employee benefits | $32,823,634 |
| Payroll taxes | $20,904,645 |
| Fees for services: Management | $14,462,231 |
| Fees for services: Legal | $202,788 |
| Fees for services: Accounting | $37,073 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,058,677 |
| Fees for services: Other | $164,689,323 |
| Advertising and promotion | $1,282,040 |
| Office expenses | $10,523,995 |
| Information technology | $36,250,359 |
| Royalties | $0 |
| Occupancy | $17,864,921 |
| Travel | $837,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $378,117 |
| Interest | $9,820,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $40,855,350 |
| Insurance | $6,428,677 |
| All other expenses | $19,860,834 |
| Total functional expenses | $966,049,004 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,826,675 |
| Savings and temporary cash investments | $6,228 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $97,678,383 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,281,709 |
| Inventories for sale or use | $24,373,411 |
| Prepaid expenses and deferred charges | $4,062,239 |
| Net Land, buildings, and equipment | $256,445,093 |
| Investments—publicly traded securities | $226,635,881 |
| Investments—other securities | $134,964,871 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $113,997,985 |
| Total assets | $862,272,475 |
| Accounts payable and accrued expenses | $76,851,765 |
| Grants payable | $0 |
| Deferred revenue | $792,504 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $27,802 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,818,238 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $393,307,977 |
| Total liabilities | $474,798,286 |
| Net assets without donor restrictions | $387,418,651 |
| Net assets with donor restrictions | $55,538 |
| 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 | $862,272,475 |
Grants Awarded
Over the last fiscal year, Mercy Health Services Iowa Corp has awarded $1,015,566 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: RELAY FOR LIFE PROGRAM | $10,000 |
COMMUNITY FOUNDATION GREATER DUBUQUE PURPOSE: BEN PAKES SCHOLARSHIP AND HARDSHIP FUND | $10,000 |
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF DUBUQUE PURPOSE: TELEHEALTH COUNSELING SERVICES | $7,500 |
CRESCENT COMMUNITY HEALTH CENTER PURPOSE: PACIFIC ISLANDER HEALTH PROJECT STAFFING | $12,500 |
DUBUQUE COMMUNITY SCHOOLS PURPOSE: SUPPORT OF ATHLETIC TRAINER PROGRAM FOR TWO HIGH SCHOOLS | $15,000 |
DUBUQUE FOR REFUGEE CHILDREN PURPOSE: MEDICAL AND DENTAL CARE FOR YOUNG IMMIGRANTS | $7,000 |