Mercy Health Network Inc
- Assets
- $30.0m
- Revenue
- $39.0m
- Investments
- $9.4m
- Employees
- 0
- Location
- Clive, IA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 42-1478417
Organization Overview
Mercy Health Network Inc, operating under the name Mercyone, is located in Clive, IA. The organization was established in 1946. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercyone 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 generated $39.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $36.2m during the year ending 06/2022. While expenses have increased by 14.3% 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 has awarded 27 individual grants totaling $622,305. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY HEALTH NETWORK (MERCYONE) IS AN INTEGRATED SYSTEM OF MEMBER HOSPITALS AND OTHER HEALTH AND PATIENT CARE FACILITIES-UNITED INTO ONE OPERATING ORGANIZATION TO IMPROVE THE DELIVERY OF HEALTH CARE SERVICES TO THE PEOPLE OF IOWA AND SURROUNDING COMMUNITIES. MERCYONE IS SPONSORED BY COMMONSPIRIT HEALTH AND TRINITY HEALTH CORPORATION. MERCYONE PROVIDES SIGNIFICANT ADMINISTRATIVE, MANAGEMENT, GOVERNANCE AND OVERSIGHT RESPONSIBILITIES FOR THE OVERALL ACTIVITIES AND OPERATIONS OF MANY ACUTE CARE HOSPITALS, AMBULATORY CARE FACILITIES, HOME CARE AND HOSPICE PROGRAMS PRESENTLY OWNED AND OPERATED BY COMMONSPIRIT HEALTH OR TRINITY HEALTH.THE MERCYONE SYSTEM FUNCTIONS AS AN INTEGRATED HEALTH CARE DELIVERY SYSTEM (IN THE BROAD SENSE) BY ESTABLISHING A SINGLE SYSTEM THAT PROVIDES A CONTINUUM OF HEALTH CARE SERVICES PREVIOUSLY PROVIDED THROUGH SEPARATE PROVIDERS. THROUGH THIS SINGLE SYSTEM, THE RESPECTIVE MISSIONS OF COMMONSPIRIT HEALTH AND TRINITY HEALTH ARE UNIFIED AND THE ABILITY TO EFFECTIVELY AND EFFICIENTLY MEET THE HEALTH CARE NEEDS OF THE COMMUNITY SERVED BY THE MERCYONE SYSTEM ARE ENHANCED.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.MERCYONE.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Ritz President And CEO | Officer | 54 | $1,997,684 |
Michael Wegner Evp, Reg CFO Thr 2/22; Int Reg COO | Officer | 49 | $0 |
Kent Carr MD Former Highest Compensated Employee | 0 | $0 | |
Hijinio Carreon DO Evp, Chief Medical Executive | 50 | $0 | |
Linda Goodwin VP Clin & Ops Integ Through 3/22 | 50 | $0 | |
Heather Campbell Secretary; Chief Legal Officer | Officer | 49 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Press Ganey Associates Engagement Survey Services | 6/29/22 | $301,685 |
Mercury Healthcare Inc Web Implementation Services | 6/29/22 | $165,943 |
Incredible Health Inc Recruiting Services | 6/29/22 | $137,500 |
Sullivancotter Inc Consulting Services | 6/29/22 | $134,761 |
Polsinelli Shughart Legal Services | 6/29/22 | $128,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $37,908,876 |
| Investment income | $705,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $372,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,987,227 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $29,000 |
| 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. | $3,949,801 |
| Compensation of current officers, directors, key employees. | $3,949,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $991,904 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $120,250 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,040,949 |
| Advertising and promotion | $96,975 |
| Office expenses | $133,554 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $137,742 |
| Travel | $33,820 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,854 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $258,794 |
| Insurance | $30,322 |
| All other expenses | $0 |
| Total functional expenses | $36,220,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $95,000 |
| Net Land, buildings, and equipment | $1,158,243 |
| Investments—publicly traded securities | $14,045,064 |
| Investments—other securities | $9,363,376 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,320,607 |
| Total assets | $29,982,290 |
| Accounts payable and accrued expenses | $3,072,303 |
| 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 | $12,070,415 |
| Total liabilities | $15,142,718 |
| Net assets without donor restrictions | $14,839,572 |
| 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 | $29,982,290 |
Grants Awarded
Over the last fiscal year, Mercy Health Network Inc has awarded $108,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CORNELL INSTITUTE FOR HEALTHY FUTURES PURPOSE: COMMUNITY SUPPORT | $10,000 |
MERCY MEDICAL CENTER FOUNDATION PURPOSE: COMMUNITY SUPPORT | $10,000 |
STARTS RIGHT HERE PURPOSE: COMMUNITY SUPPORT | $10,000 |
MERCYONE MEDICAL CENTER - NEWTON PURPOSE: COMMUNITY SUPPORT | $10,000 |
STRATEGIC AMERICA - RAGBRAI PURPOSE: RAGBRAI SPONSORSHIP | $18,000 |
IOWA CATHOLIC RADIO FOUNDATION PURPOSE: SPONSORSHIP | $30,000 |