Mercy Clinics Inc
- Assets
- $115.8m
- Revenue
- $245.5m
- Investments
- $0.0
- Employees
- 1,746
- Location
- Des Moines, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 42-1193699
Organization Overview
Mercy Clinics Inc is located in Des Moines, IA. The organization was established in 1946. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Mercy Clinics Inc employed 1,746 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Clinics Inc 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 Clinics Inc generated $245.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $240.4m during the year ending 06/2022. While expenses have increased by 0.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCY CLINICS, INC. IS A NOT-FOR-PROFIT PHYSICIAN CLINIC ORGANIZATION DEDICATED TO IMPROVING THE HEALTH OF OUR COMMUNITY IN PARTNERSHIP WITH OTHERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Munson Neurosurgeon | 40 | $1,041,821 | |
Esmiralda Yeremeyeva Henderson Neurosurgeon | 40 | $1,038,485 | |
John Gachiani Neurosurgeon | 40 | $971,326 | |
Willie Mcclairen Trauma Surgeon | 40 | $922,440 | |
Karl Keeler Director/pres, Chi Iowa Corp | Trustee | 1 | $0 |
Shankar Raman Surgeon | 40 | $818,415 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Healthcare Realty Services Inc Real Estate Services | 6/29/22 | $1,077,889 |
Mercy Medical Plaza Medical Services | 6/29/22 | $1,058,585 |
Magella Medical Assoc Of Ga Pc Medical Services | 6/29/22 | $1,043,550 |
Calvin Community Retirement Home | 6/29/22 | $553,962 |
Allscripts Healthcare Llc Software Hosting And Training | 6/29/22 | $457,012 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $62,632,985 |
| Government grants | $698,186 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,349,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,680,233 |
| Total Program Service Revenue | $176,879,649 |
| Investment income | $50,185 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$25,059 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $245,472,581 |
| 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. | $2,197,044 |
| Compensation of current officers, directors, key employees. | $2,197,044 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,786,790 |
| Pension plan accruals and contributions | $6,721,574 |
| Other employee benefits | $9,403,175 |
| Payroll taxes | $7,777,000 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $7,457 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,972,725 |
| Advertising and promotion | $31,234 |
| Office expenses | $1,850,737 |
| Information technology | $10,917,965 |
| Royalties | $0 |
| Occupancy | $13,793,991 |
| Travel | $234,544 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,373 |
| Interest | $0 |
| Payments to affiliates | $2,403,809 |
| Depreciation, depletion, and amortization | $7,089,888 |
| Insurance | $1,507,839 |
| All other expenses | $1,221,853 |
| Total functional expenses | $240,377,612 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,928 |
| Savings and temporary cash investments | $162,537 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,913,917 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,679,098 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,051,150 |
| Net Land, buildings, and equipment | $20,804,537 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,145,990 |
| Total assets | $115,805,157 |
| Accounts payable and accrued expenses | $15,388,300 |
| 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 | $75,647,379 |
| Total liabilities | $91,035,679 |
| Net assets without donor restrictions | $24,769,478 |
| 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 | $115,805,157 |