Mercy Medical Center

Organization Overview

Mercy Medical Center is located in Cedar Rapids, IA. 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 06/2022, Mercy Medical Center employed 2,962 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Medical Center 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 Medical Center generated $418.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $412.8m during the year ending 06/2022. While expenses have increased by 4.4% 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, Mercy Medical Center has awarded 168 individual grants totaling $59,137,962. 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO CARE FOR THE SICK AND ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, GUIDED BY THE SPIRIT OF THE SISTERS OF MERCY.

Describe the Organization's Program Activity:

THE HOSPITAL PROVIDES MEDICAL HEALTH CARE, INCLUDING 24 HOURS A DAY, SEVEN DAYS A WEEK TRAUMA CENTER SERVICE, TO ALL PATIENTS ACCESSING THE SYSTEM, REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. A PATIENT IS CLASSIFIED AS A CHARITY PATIENT BY REFERENCE TO CERTAIN ESTABILISHED POLICIES OF THE HOSPITAL. ESSENTIALLY, THESE POLICIES DEFINE CHARITY SERVICES AS THOSE SERVICES FOR WHICH NO OR NOMINAL PAYMENT IS ANTICIPATED. ADDITIONALLY, EACH HOSPITAL DEPARTMENT ACCEPTS ALL PATIENTS WHO ARE COVERED BY GOVERNMENTAL INDIGENT PROGRAMS. SUCH INDIGENT PROGRAMS TYPICALLY REMIT AMOUNTS SUBSTANTIALLY LESS THAN CHARGES. THE FOLLOWING SUMMARIZES THE HOSPITAL'S CARE OF THE UNINSURED AND UNDERINSURED. COSTS IN EXCESS OF MEDICARE REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICARE) - $28,080,000; OTHER COMMUNITY BENEFITS (INCLUDES SUBSIDIZED HEALTH SERVICES, FINANCIAL CONTRIBUTIONS) - $2,298,000; FREE SERVICE (TO PATIENTS WHO MEET MERCY'S FREE-SERVICE GUIDELINES) - $4,990,000; COSTS IN EXCESS OF MEDICAID REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICAID) - $12,580,000, PHYSICIAN EDUCATION - $(1,119,000). IN ADDITION, CHARITY CARE AND COMMUNITY SERVICE ARE PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR. THESE PROGRAMS PROVIDE A BONA FIDE COMMUNITY HEALTH NEED, INCLUDING: A. PUBLIC AND PROFESSIONAL EDUCATIONAL SEMINAR ARE OFFERED ON A VARIETY OF TOPICS INCLUDING JOINT REPLACEMENT SURGERY, PRENATAL EDUCATION, DIABETES, MENTAL HEALTH DISORDERS, AND NUMEROUS OTHER MEDICAL CONDITIONS OF MEDICAL AND PSYCHOSOCIAL NATURE. SPECIALIZED CANCER SEMINARS ARE ALSO OFFERED. B. HOSPITAL MEETING FACILITIES WHICH ARE FREQUENTLY USED WITHOUT CHARGE BY SUCH GROUPS AS THE AMERICAN HEART ASSOCIATION, IOWA BREAST CANCER FOUNDATION, HEALTHY LINN NETWORK ADVISORY COMMITTEE, OVEREATERS ANONYMOUS, CATHOLIC LAYMEN, UNITED WAY, CATHERINE MCAULEY CENTER FOR WOMEN, THE AMERICAN CANCER SOCIETY. M.S. SUPPORT GROUP, EASTERN IOWA ONCOLOGY NURSES SOCIETY, THE IOWA CANCER CONSORTIUM, THE PARENT EDUCATION CONSORTIUM, ARC OF EAST CENTRAL IOWA, AND SEVERAL OTHER GROUPS. C. CONTRIBUTIONS OF APPROXIMATELY 76,185 HOURS TOWARD THE COMMON PURPOSE OF SERVING THE HEALTH CARE OF THE COMMUNITY. THE VALUE OF THESE CONTRIBUTIONS WAS APPROXIMATELY $1,106,244 AND WAS GIVEN BACK TO THE COMMUNITY THROUGH LOWER COSTS.


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Board, Officers & Key Employees

Name (title)Compensation
Timothy L Charles
President & Chief Executive Officer
$1,289,481
John-Paul Besong
Member Board Of Trustees
$0
Lydia Brown
Member Board Of Trustees
$0
Michele Busse
Member Board Of Trustees
$0
Bob Cataldo
Member Board Of Trustees
$0
Chris Dewolf
Member Board Of Trustees
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
University Of Iowa Health Care
Healthcare Professional Services
$4,973,836
Sound Physicians
Healthcare Professional Services
$4,691,077
Oncology Associates Of Cedar Rapids
Healthcare Professional Services
$4,604,157
Trimedx
Maintain And Repair Medical Equpment
$4,308,077
Weatherby Locums Inc
Healthcare Professional Services
$3,316,289
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$6,624,071
Government grants $4,100,673
All other contributions, gifts, grants, and similar amounts not included above$836,893
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$11,561,637
Total Program Service Revenue$390,702,891
Investment income $8,728,793
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$66,054
Net Gain/Loss on Asset Sales $7,924,317
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory -$369,423
Miscellaneous Revenue$0
Total Revenue $418,379,415

Grants Awarded

Over the last fiscal year, Mercy Medical Center has awarded $8,236,225 in support to 19 organizations.

Grant RecipientAmount

MERCYCARE SERVICE CORPORATION

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$6,750,000

MERCY HOSPITAL CEDAR RAPIDS IA ENDOWMENT FOUNDATION

PURPOSE: FOR USE IN CONTINUING OPERATIONS

$1,218,025

WILLIS DADY EMERGENCY SHELTER INC

PURPOSE: GENERAL SUPPORT

$45,000

JUNIOR ACHIEVEMENT

PURPOSE: GENERAL SUPPORT

$25,700

MATTHEW 25

PURPOSE: GENERAL SUPPORT

$25,000

ESPECIALLY FOR YOU RACE AGAINST BREAST CANCER

PURPOSE: GENERAL SUPPORT

$20,000
View Grant Profile

Peer Organizations

Organization NameAssets
St Cloud Hospital
St Cloud, MN
$1,141,045,824
Ssm Health Care Of Oklahoma Inc
St Louis, MO
$934,244,377
St Lukes Hospital Of Kansas City
kansas city, MO
$1,070,641,998
Catholic Health Initiatives-Iowa Corp
Des Moines, IA
$899,251,353
Ascension St John Hospital
St Louis, MO
$965,978,781
Regions Hospital
Minneapolis, MN
$941,330,911
Advocate North Side Health Network
Oak Brook, IL
$1,040,712,740
Monument Health Rapid City Hospital Inc
Rapid City, SD
$951,840,989
Ascension Providence Hospital
St Louis, MO
$867,109,553
North Memorial Health Care
Robbinsdale, MN
$782,427,407
Bryan Medical Center
Lincoln, NE
$865,527,358
Swedishamerican Hospital
Rockford, IL
$778,252,715
Bellin Memorial Hospital Inc
Green Bay, WI
$746,094,277
Columbia St Marys Hospital Milwaukee Inc
St Louis, MO
$603,582,934
Heartland Regional Medical Center
St Joseph, MO
$710,360,855
Truman Medical Center Incorporated
Kansas City, MO
$736,606,337
Ascension Via Christi Hospitals Wichita Inc
St Louis, MO
$691,162,708
Southern Illinois Hospital Services
Carbondale, IL
$710,354,566
St Vincent Hospital-Hospital Sisters-Third Order Of St Francis
Green Bay, WI
$660,136,111
Nebraska Methodist Hospital
Omaha, NE
$687,150,387
Aspirus Wausau Hospital Inc
Wausau, WI
$702,469,178
Mercy Health System Corporation
Janesville, WI
$657,550,084
Smdc Medical Center
Duluth, MN
$663,367,068
St Marys Health Inc Dba Ascension
St Louis, MO
$680,827,845
Mercy Hospital South
St Louis, MO
$617,196,385

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