Mercy Health System Corporation
- Assets
- $808.4m
- Revenue
- $657.6m
- Investments
- $66.5m
- Employees
- 3,829
- Location
- Janesville, WI
- Founding
- 05/1972
- Data as of
- 06/2022
- EIN
- 39-0816848
Organization Overview
Mercy Health System Corporation is located in Janesville, WI. The organization was established in 1972. 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 06/2022, Mercy Health System Corporation employed 3,829 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Health System 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 06/2022, Mercy Health System Corporation generated $657.6m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $611.3m during the year ending 06/2022. While expenses have increased by 0.2% per year over the past 2 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER.
Describe the Organization's Program Activity:
HOSPITAL DISCHARGES 7,120, NURSING HOME ADMISSIONS 204, BIRTHS 797, OUTPATIENT VISITS 1,090,343.MHSC CONTINUES ITS TRADITION OF GIVING BACK TO EACH OF THE COMMUNITIES WE SERVE IN A WIDE VARIETY OF FASHIONS. ONE OF THE LARGER AREAS OF CONTRIBUTION IS IN THE AREA OF PUBLIC HEALTH SERVICES. THIS INCLUDES EXTENSIVE DONATIONS OF TIME AND SUPPLIES TO HEALTHNET OF ROCK COUNTY, A LARGE FREE PRIMARY CARE CLINIC SERVING THE REGION. MORE THAN EIGHTY PERCENT OF THE PHYSICIAN SERVICES PROVIDED AT THE CLINIC ARE SUPPLIED THROUGH MHSC. WE HAVE A SIMILAR COMMITMENT TO OPEN ARMS FREE CLINIC THAT SERVICES LOW INCOME RESIDENTS IN WALWORTH COUNTY. ADDITIONALLY, WE PROVIDE HEALTH SCREENING AND RELATED SERVICES AT NUMEROUS EVENTS IN ROCK AND WALWORTH COUNTIES IN WISCONSIN AND MCHENRY COUNTY IN ILLINOIS.MHSC ALSO PROVIDES FINANCIAL AND IN KIND CONTRIBUTIONS TO OTHER PRIVATE AND NOT FOR PROFIT HEALTH RELATED AGENCIES AND ORGANIZATIONS IN OUR SERVICE AREA. BENEFICIARIES INCLUDED BUT ARE NOT LIMITED TO THE AMERICAN HEART ASSOCIATION, AMERICAN CANCER SOCIETY, UNITED WAY ORGANIZATIONS IN ROCK, WALWORTH, AND MCHENRY COUNTIES, YWCA CARE HOUSE, YMCA, AMERICAN LUNG ASSOCIATION, WALWORTH COUNTY ALLIANCE FOR CHILDREN, TURNING POINT WOMEN'S CENTER IN MCHENRY, OPEN ARMS FREE CLINIC, AND THE RED CROSS, TO NAME JUST A FEW RECIPIENTS.MHSC ALSO ENCOURAGES ITS PARTNERS (EMPLOYEES) TO DONATE THEIR TIME AND ENERGY TO SUPPORT A WHOLE HOST OF COMMUNITY BASED CAUSES. THOUSANDS OF HOURS EACH YEAR ARE DONATED TO NOT FOR PROFIT AND PUBLIC AGENCIES THROUGHOUT OUR SERVICE AREA. EXAMPLES OF VOLUNTEER ACTIVITIES BEING SUPPORTED INCLUDE NURSING SERVICES AT COMMUNITY AND FREE CLINICS THROUGHOUT THE REGION, MEALS ON WHEELS DELIVERY ACTIVITIES, ACTIVE INVOLVEMENT AS GOVERNING BOARD MEMBERS FOR SUCH ORGANIZATIONS AS UNITED WAY, CRIME STOPPERS, ROTARY BOTANICAL GARDENS, HEALTHNET, AND MANY OTHER ORGANIZATIONS.ANOTHER EXAMPLE OF MHSC'S COMMITMENT TO COMMUNITY IS ITS SUPPORT OF THE OPERATIONS THROUGH OFFERING SAFE RESIDENCE TO HOMELESS WOMEN AND THEIR CHILDREN AT THE HOUSE OF MERCY HOMELESS CENTER. IT OPENED IN 1996 AND SERVES ABOUT 255 INDIVIDUALS A YEAR, MANY WHO ARE CHILDREN. THE CENTER OFFERS A SAFE HARBOR FOR THESE INDIVIDUALS AS WELL AS CASE MANAGEMENT, ASSISTANCE WITH JOB SEARCHES, FINDING PERMANENT HOUSING AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javon R Bea President & Director (see Pages 70-73) | OfficerTrustee | 60 | $11,908,792 |
Mark L Goelzer MD Director/physician | Trustee | 40 | $444,609 |
Rowland J Mcclellan Chair & Director | OfficerTrustee | 1 | $14,276 |
Wesley M Jost Director | Trustee | 1 | $13,693 |
Thomas D Budd Treasurer & Secretary | OfficerTrustee | 1 | $13,691 |
Dave L Syverson Director | Trustee | 1 | $15,306 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Systems Corp Processing Fees | 6/29/22 | $4,907,912 |
Comphealth Associates Physician Services | 6/29/22 | $3,905,887 |
Credit Management Company Collection Services | 6/29/22 | $2,777,665 |
Lab Corp Of America Holdings Lab Services | 6/29/22 | $2,578,653 |
Baker Tilly Us Llp Consulting And Accounting | 6/29/22 | $2,035,903 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $200,282 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $175,006 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $375,288 |
| Total Program Service Revenue | $667,643,750 |
| Investment income | $499,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $205,394 |
| Net Gain/Loss on Asset Sales | -$1,092,796 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $657,550,084 |
| 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. | $18,059,242 |
| Compensation of current officers, directors, key employees. | $18,059,242 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $262,541,492 |
| Pension plan accruals and contributions | $11,417,353 |
| Other employee benefits | $31,033,079 |
| Payroll taxes | $16,602,035 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $698,694 |
| Fees for services: Accounting | $51,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,204,602 |
| Advertising and promotion | $1,654,274 |
| Office expenses | $3,514,393 |
| Information technology | $2,351,660 |
| Royalties | $0 |
| Occupancy | $5,497,495 |
| Travel | $693,864 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $141,354 |
| Interest | $7,615,657 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,685,430 |
| Insurance | $6,717,232 |
| All other expenses | $30,122,870 |
| Total functional expenses | $611,346,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,054 |
| Savings and temporary cash investments | $324,908,990 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,497,394 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $14,295,624 |
| Prepaid expenses and deferred charges | $2,678,697 |
| Net Land, buildings, and equipment | $286,581,776 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $66,470,195 |
| Investments—program-related | $22,561,094 |
| Intangible assets | $0 |
| Other assets | $57,336,181 |
| Total assets | $808,356,005 |
| Accounts payable and accrued expenses | $83,529,306 |
| 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 | $284,993,207 |
| Total liabilities | $368,522,513 |
| Net assets without donor restrictions | $439,833,492 |
| 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 | $808,356,005 |