Mercy Hospital & Medical Center
- Assets
- $90.2m
- Revenue
- $294.8m
- Investments
- $0.0
- Employees
- 1,987
- Location
- Maywood, IL
- Founding
- 03/1946
- Data as of
- 06/2020
- EIN
- 36-2170152
Organization Overview
Mercy Hospital & Medical Center, operating under the name See Schedule O, is located in Maywood, IL. 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 1,987 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 06/2020, See Schedule O generated $294.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $286.2m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, See Schedule O has awarded 13 individual grants totaling $1,485,783. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY HOSPITAL AND MEDICAL CENTER (MHMC) IN CHICAGO, ILLINOIS IS A 373-BED ACUTE CARE FACILITY WITH ITS PRIMARY MARKET IN THE SOUTH AND SOUTHWEST SIDE OF CHICAGO AND ADJACENT SUBURBS. IN ADDITION TO THE MAIN FACILITY WHICH IS LOCATED MINUTES FROM CHICAGO'S LOOP, MERCY HOSPITAL HAS A NETWORK OF HOSPITAL OWNED PRIMARY CARE CENTERS, PRIVATE PHYSICIAN OFFICES, AND A NUMBER OF SATELLITES LOCATED THROUGHOUT ITS SERVICE AREA.MHMC WAS FOUNDED IN 1852 AND HOLDS THE PRIVILEGE OF BEING CHICAGO'S FIRST CHARTERED TEACHING HOSPITAL. MHMC ENJOYS AFFILIATIONS WITH MAJOR ACADEMIC PROGRAMS AND CENTERS IN CHICAGO, INCLUDING THE UNIVERSITY OF ILLINOIS, UNIVERSITY OF CHICAGO, AND ITS SISTER TRINITY HEALTH FACILITY, LOYOLA UNIVERSITY MEDICAL CENTER. SINCE ITS INCEPTION, MHMC HAS HAD AN UNWAVERING COMMITMENT TO SERVING THE COMMUNITY, INCLUDING THE UNDERINSURED AND UNDERPRIVILEGED. IN FY21, THE HOSPITAL PROVIDED 28,593 PATIENT DAYS OF HEALTH CARE SERVICES TO THE COMMUNITY.MHMC'S COMMITMENT TO QUALITY IS DEMONSTRATED THROUGH THE FOLLOWING CENTERS OF EXCELLENCE: COMPREHENSIVE BREAST CENTER, DIABETES TREATMENT CENTER, DIZZINESS AND BALANCE CENTER, EAR, NOSE AND THROAT CENTER, EYE CENTER, FAMILY BIRTH CENTER, STROKE CENTER, SLEEP DISORDER CENTER, URINARY HEALTH CENTER, ACCREDITED BARIATRIC SURGERY CENTER, AND LEADING HEART AND VASCULAR CENTER. MHMC IS RECOGNIZED AS A TOP PERFORMER IN CARDIAC CARE /HEART FAILURE, US NEWS 2017-2018 BEST HOSPITALS. MHMC IS ALSO CONSIDERED TO BE IN THE NATION'S TOP 100 FOR CARDIAC CARE BY THOMSON HEALTHCARE AND RECEIVED THE BLUE DISTINCTION CENTER FOR CARDIAC CARE, BLUE CROSS BLUE SHIELD.MHMC CEASED OPERATIONS AS OF MAY 31, 2021. SEE PART III, LINE 3 FOR ADDITIONAL INFORMATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Luis Garcia MD Physician | 50 | $676,151 | |
Dennis Hong MD Physician | 50 | $539,489 | |
Michael Markos MD Physician | 50 | $436,451 | |
Lawrence Steinberg MD Physician | 50 | $386,013 | |
Travis Yamanaka MD Physician | 50 | $369,683 | |
Carol Garikes-Schneider Director; President & CEO | OfficerTrustee | 52 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mckesson Drug Co Health Care Services | 6/29/21 | $6,797,942 |
Sodexo Inc & Affiliates Food Service Management | 6/29/21 | $3,057,484 |
Shiftwise Temporary Medical Staffing Services | 6/29/21 | $2,067,162 |
University Of Illinois Health Care Services | 6/29/21 | $2,306,587 |
Biofire Diagnostics Llc Health Care Services | 6/29/21 | $2,245,376 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,508,060 |
| Investment income | $139,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $744,974 |
| Net Gain/Loss on Asset Sales | -$84,229 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,840,768 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $111,145 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,120,376 |
| Compensation to disqualified persons | $190,519 |
| Other salaries and wages | $105,700,965 |
| Pension plan accruals and contributions | $4,241,706 |
| Other employee benefits | $12,620,292 |
| Payroll taxes | $7,011,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $524,424 |
| Fees for services: Accounting | $332,496 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,177,099 |
| Fees for services: Other | $45,109,422 |
| Advertising and promotion | $462,985 |
| Office expenses | $2,740,475 |
| Information technology | $9,717,384 |
| Royalties | $0 |
| Occupancy | $6,865,085 |
| Travel | $105,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $244,340 |
| Interest | $3,354,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,041,192 |
| Insurance | $7,322,589 |
| All other expenses | $0 |
| Total functional expenses | $286,170,539 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,985,670 |
| Savings and temporary cash investments | $10,513,733 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,614,072 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,555 |
| Inventories for sale or use | $3,340,112 |
| Prepaid expenses and deferred charges | $2,473,862 |
| Investments—publicly traded securities | $6,778,348 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,908,041 |
| Total assets | $90,170,967 |
| Accounts payable and accrued expenses | $29,050,911 |
| Grants payable | $0 |
| Deferred revenue | $24,493,355 |
| 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 | $51,296,218 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,839,207 |
| Total liabilities | $195,679,691 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | -$105,508,724 |
Grants Awarded
Over the last fiscal year, Mercy Hospital & Medical Center has awarded $1,200,233 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Naperville, IL PURPOSE: GENERAL SUPPORT | $1,069,233 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $45,000 |
Melrose Park, IL PURPOSE: GENERAL SUPPORT | $40,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $36,000 |
Chicago, IL PURPOSE: GENERAL SUPPORT | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Hospital & Medical Center has recieved totaling $136,172.
| Awarding Organization | Amount |
|---|---|
Marie E Wolf Charitable Trust 110011036797 Chicago, IL PURPOSE: GENERAL SUPPORT | $136,072 |
Sidley Austin Foundation Chicago, IL PURPOSE: GENERAL SUPPORT | $100 |
Endowment Analysis
| Beg. Balance | $3,178,606 |
| Ending Balance | $3,178,606 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Lukes Hospital Of Kansas City Kansas City, MO | $1,771,100,748 | $1,070,641,998 |
Saint Thomas West Hospital St Louis, MO | $949,679,305 | $1,081,181,844 |
Mercy Hospital Springfield Springfield, MO | $547,925,906 | $1,115,699,805 |
Deaconess Hospital Inc Evansville, IN | $1,921,220,397 | $1,102,144,618 |
Ascension St John Hospital St Louis, MO | $469,518,860 | $965,978,781 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Ssm Healthcare Of Oklahoma Inc St Louis, MO | $640,999,933 | $906,998,301 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Saint Joseph Health System Inc Lexington, KY | $961,743,109 | $864,115,504 |
Uofl Health-Louisville Inc Louisville, KY | $577,142,236 | $950,019,808 |