Mercy Health
- Assets
- $5.1b
- Revenue
- $328.1m
- Investments
- $10.6m
- Employees
- 0
- Location
- Chesterfield, MO
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 43-1423050
Organization Overview
Mercy Health is located in Chesterfield, MO. The organization was established in 1946. According to its NTEE Classification (E02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Health Care and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Health 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 Health generated $328.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.9% each year . All expenses for the organization totaled $54.9m during the year ending 06/2021. While expenses have increased by 1.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
AS THE SISTERS OF MERCY BEFORE US, WE BRING TO LIFE THE HEALING MINISTRY OF JESUS THROUGH OUR COMPASSIONATE CARE AND EXCEPTIONAL SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY HEALTH IS TAX EXEMPT UNDER IRC SECTION 501(C)(3) AND 170(B)(1)(A)(1) AS A CHURCH. MERCY HEALTH IS LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AND ITS TAX-EXEMPT STATUS IS DERIVED FROM THE GROUP EXEMPTION RULING OF THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS. MERCY HEALTH IS THE SOLE CORPORATE MEMBER OF 15 TAX-EXEMPT ORGANIZATIONS, WHICH IN TURN ARE THE SOLE CORPORATE MEMBERS OF OVER 50 OTHER TAX-EXEMPT ORGANIZATIONS. THESE OTHER TAX-EXEMPT ORGANIZATIONS INCLUDE BUT ARE NOT LIMITED TO HOSPITALS, FOUNDATIONS, AND MEDICAL GROUP/PHYSICIAN CLINIC ORGANIZATIONS. ALL OF THE EXEMPT ORGANIZATIONS ARE ESSENTIAL TO MERCY HEALTH AND IN CARRYING OUT THE EXEMPT PURPOSE OF MERCY HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President, Mercy Health CEO & Board Member | OfficerTrustee | 30 | $0 |
Name Not Listed President, Mercy Health CEO & Board Member (beg 4/22) | OfficerTrustee | 20 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member (thru 3/22) | Trustee | 1 | $0 |
Name Not Listed Board Member (beg 12/21) | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ponder And Co Professional Fees | 6/29/15 | $518,989 |
Gilmore And Bell Professional Fees | 6/29/15 | $468,186 |
Husch Blackwell Llp Professional Fees | 6/29/15 | $120,000 |
Dentons Us Llp Professional Fees | 6/29/15 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $328,088,371 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $328,088,371 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $238 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | -$3,151,755 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,044 |
| Advertising and promotion | $0 |
| Office expenses | $11,265 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,423 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,114,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $644,582 |
| All other expenses | $0 |
| Total functional expenses | $54,861,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,801,169 |
| Savings and temporary cash investments | $1,337,222,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,629,068 |
| Loans from Officers, Directors, or Controlling Persons | $1,287,457 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $3,358,718,922 |
| Investments—other securities | $10,560,496 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $386,150,497 |
| Total assets | $5,132,455,770 |
| Accounts payable and accrued expenses | $20,765,094 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,993,722,989 |
| 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 | $696,952,074 |
| Total liabilities | $2,711,440,157 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $2,421,015,613 |