Mercy Clinics Inc
- Assets
- $121.2m
- Revenue
- $228.9m
- Investments
- $0.0
- Employees
- 1,872
- Location
- Des Moines, IA
- Founding
- 03/1946
- Data as of
- 06/2021
- 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 06/2021, Mercy Clinics Inc employed 1,872 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 06/2021, Mercy Clinics Inc generated $228.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $241.0m during the year ending 06/2021. While expenses have increased by 1.1% per year over the past 6 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
2021
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
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Einar Bogason Neurosurgeon | 40 | $1,078,458 | |
Bradley Wilcox Pulmonologist Critical Care | 40 | $1,046,857 | |
Willie Mcclairen Trauma Surgeon | 40 | $1,009,541 | |
Bryon Johnson Pulmonologist Critical Care | 40 | $988,243 | |
Troy Munson Neurosurgeon | 40 | $982,795 | |
Philip Colletier Vice Chair/physician | OfficerTrustee | 40 | $841,201 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Magella Medical Assoc Of Ga Pc Medical Services | 6/29/21 | $1,565,325 |
Hayes Healthcare Llc Staffing Services | 6/29/21 | $825,117 |
Mercy Medical Plaza Medical Services | 6/29/21 | $1,184,252 |
Allscripts Healthcare Llc Software Hosting And Training | 6/29/21 | $800,020 |
Urology Center Of Iowa Pllc Medical Services | 6/29/21 | $1,075,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $51,463,487 |
| Government grants | $1,422,449 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,060,198 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,946,134 |
| Total Program Service Revenue | $171,806,521 |
| Investment income | $48,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $116,130 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$34,588 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,858,488 |
| 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. | $2,020,541 |
| Compensation of current officers, directors, key employees. | $2,020,541 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $146,858,876 |
| Pension plan accruals and contributions | $6,389,200 |
| Other employee benefits | $11,230,701 |
| Payroll taxes | $7,440,753 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $6,847 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,170,192 |
| Advertising and promotion | $41,320 |
| Office expenses | $1,770,076 |
| Information technology | $13,408,179 |
| Royalties | $0 |
| Occupancy | $14,989,422 |
| Travel | $106,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,105 |
| Interest | $0 |
| Payments to affiliates | $2,291,786 |
| Depreciation, depletion, and amortization | $7,630,814 |
| Insurance | $1,392,056 |
| All other expenses | $354,827 |
| Total functional expenses | $241,045,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,038,840 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,306,072 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,044,210 |
| Net Land, buildings, and equipment | $20,414,273 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $78,329,913 |
| Total assets | $121,182,603 |
| Accounts payable and accrued expenses | $18,986,763 |
| 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 | $82,521,331 |
| Total liabilities | $101,508,094 |
| Net assets without donor restrictions | $19,674,509 |
| 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 | $121,182,603 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Clinics Inc has recieved totaling $51,463,487.
| Awarding Organization | Amount |
|---|---|
Catholic Health Initiatives-Iowa Corp Des Moines, IA PURPOSE: PROGRAM SUPPORT | $49,945,182 |
Mercy Foundation Of Des Moines Iowa Des Moines, IA PURPOSE: PROGRAM SUPPORT | $1,518,305 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshfield Clinic Inc Marshfield, WI | $1,051,547,723 | $852,264,236 |
University Of Minnesota Physicians Minneapolis, MN | $265,968,943 | $719,799,425 |
Iowa Physicians Clinic Medical Foundation West Des Moines, IA | $320,758,899 | $618,540,831 |
Alegent Creighton Clinic Omaha, NE | $76,345,274 | $351,379,350 |
Froedtert & The Medical College Of Wisconsin Community Physicians Inc Menomonee Falls, WI | $114,223,904 | $318,922,551 |
Seton Family Of Doctors St Louis, MO | $99,052,734 | $123,594,101 |
Mercy Clinics Inc Des Moines, IA | $121,182,603 | $228,858,488 |
St Vincents Ambulatory Care Inc St Louis, MO | $35,187,009 | $112,245,331 |
Ascension Medical Group-Fox Valley Wisconsin Inc St Louis, MO | $53,400,736 | $125,476,367 |
Southern Illinois Medical Services Nfp Carbondale, IL | $54,851,168 | $86,612,938 |
St Lukes Medical Group Chesterfield, MO | $22,271,099 | $82,398,562 |
Providence Health Alliance Inc St Louis, MO | $27,745,143 | $62,779,739 |