Mercy Medical Center-Clinton Inc
- Assets
- $129.2m
- Revenue
- $149.0m
- Investments
- $22.4m
- Employees
- 1,112
- Location
- Clinton, IA
- Founding
- 08/1990
- Data as of
- 06/2022
- EIN
- 42-1336618
Organization Overview
Mercy Medical Center-Clinton Inc, operating under the name Mercyone Clinton Medical Center, is located in Clinton, IA. The organization was established in 1990. 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, Mercyone Clinton Medical Center employed 1,112 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercyone Clinton 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, Mercyone Clinton Medical Center generated $149.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $150.3m during the year ending 06/2022. While expenses have increased by 6.1% 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, Mercyone Clinton Medical Center has awarded 14 individual grants totaling $261,609. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES
Describe the Organization's Program Activity:
MERCY MEDICAL CENTER - CLINTON (MERCYONE CLINTON) IS LOCATED IN CLINTON, IOWA. MERCYONE CLINTON IS A FULL-SERVICE COMMUNITY HEALTH SYSTEM SERVING RESIDENTS IN CLINTON, IOWA AND SURROUNDING COMMUNITIES IN EASTERN IOWA AND NORTHWESTERN ILLINOIS. WITH A HISTORY DATING BACK MORE THAN 130 YEARS, MERCYONE CLINTON IS PROUD TO OFFER THE LATEST IN HEALTH AND MEDICAL SERVICES WITH A CARING, COMPASSIONATE AND PERSONAL TOUCH.MERCYONE CLINTON PROVIDES A BROAD RANGE OF SERVICES TO MEET THE HEALTH CARE NEEDS OF RESIDENTS IN THE BI-STATE AREA. WITH TWO MAIN CAMPUSES, MERCYONE CLINTON OPERATES 163 LICENSED BEDS. SERVICES INCLUDE A RADIATION ONCOLOGY CENTER IN AFFILIATION WITH THE UNIVERSITY OF IOWA HOSPITALS AND CLINICS, TWO CARDIAC CATHETERIZATION LABS, RENAL DIALYSIS AND A TRAUMA CENTER. RESIDENTS ALSO HAVE ACCESS TO THE SKILL OF MERCYONE CLINTON'S HOME HEALTH AND HOSPICE CARE, AS WELL AS QUALITY EQUIPMENT AND SUPPLIES THROUGH MERCY HOME MEDICAL EQUIPMENT. IN FISCAL YEAR 2022 THE HOSPITAL PROVIDED OVER 10,000 PATIENT DAYS OF HEALTH CARE SERVICES TO THE COMMUNITY.RECOGNIZING THE IMPORTANCE OF MAINTAINING HEALTH, MERCYONE CLINTON CREATES OPPORTUNITIES TO PROMOTE WELLNESS AND ASSIST PEOPLE TO TAKE RESPONSIBILITY FOR THEIR OWN HEALTH AND WELL-BEING. IN ADDITION, MERCYONE CLINTON SUPPORTS COMMUNITY PROGRAMS AND ACTIVITIES THAT ENHANCE THE CULTURAL AND ECONOMIC PROSPERITY OF ITS ASSOCIATES AND THE COMMUNITY AT LARGE.PLEASE VISIT SCHEDULE H AND OUR WEBSITE FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES, RECOGNITIONS AND AWARDS: WWW.MERCYONE.ORG/CLINTON/
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Ross Dir; Chief Legal Officer Trinity | Trustee | 1 | $0 |
Saadi Albaghdadi MD Physician, Cardiology | 50 | $1,255,858 | |
Timothy Micek MD Physician, Orthopedic Surgery | 50 | $902,320 | |
Qaiser Rasheed MD Physician, Cardiology | 50 | $825,011 | |
Robert Magnus MD Physician, Orthopedic Surgery | 50 | $747,648 | |
Rodney Schlader Former Officer; Pres Mercyone N Iowa | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Graham Construction Construction Services | 6/29/22 | $4,677,374 |
Hallmark Health Care Solutions Inc Staffing Services | 6/29/22 | $2,128,759 |
Apogee Medical Management Hospitalists | 6/29/22 | $1,899,836 |
Genesis Medical Center Silvas Physician Services | 6/29/22 | $1,159,862 |
Iowa Emergency Services Llc Emergency Room Physicians | 6/29/22 | $1,058,129 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $897,496 |
| Government grants | $4,942,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $123,268 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,962,883 |
| Total Program Service Revenue | $135,657,385 |
| Investment income | $1,864,753 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $125,667 |
| Net Gain/Loss on Asset Sales | $1,104,776 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,207,187 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $149,030,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,625 |
| Grants and other assistance to domestic individuals. | $13,849 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $25,078 |
| Other salaries and wages | $59,520,491 |
| Pension plan accruals and contributions | $1,897,289 |
| Other employee benefits | $5,474,670 |
| Payroll taxes | $3,803,833 |
| Fees for services: Management | $238,315 |
| Fees for services: Legal | $17,111 |
| Fees for services: Accounting | $8,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $94,676 |
| Fees for services: Other | $17,135,738 |
| Advertising and promotion | $291,994 |
| Office expenses | $2,624,848 |
| Information technology | $6,012,061 |
| Royalties | $0 |
| Occupancy | $5,166,985 |
| Travel | $155,923 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,478 |
| Interest | $648,643 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,686,975 |
| Insurance | $608,052 |
| All other expenses | $2,647,418 |
| Total functional expenses | $150,338,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,244 |
| Accounts receivable, net | $17,044,133 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,420,199 |
| Prepaid expenses and deferred charges | $371,243 |
| Net Land, buildings, and equipment | $40,252,122 |
| Investments—publicly traded securities | $33,539,331 |
| Investments—other securities | $22,359,553 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,207,150 |
| Total assets | $129,200,975 |
| Accounts payable and accrued expenses | $9,216,197 |
| Grants payable | $0 |
| Deferred revenue | $72,397 |
| 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 | $825,505 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,276,180 |
| Total liabilities | $33,390,279 |
| Net assets without donor restrictions | $95,810,696 |
| 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 | $129,200,975 |
Grants Awarded
Over the last fiscal year, Mercy Medical Center-Clinton Inc has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CLINTON REGIONAL DEVELOPMENT CORPORATION PURPOSE: COMMUNITY SUPPORT | $20,000 |
GATEWAY IMPACT COALITION PURPOSE: COMMUNITY SUPPORT | $10,000 |