Mercy Health
- Assets
- $3.4b
- Revenue
- $2.3m
- Investments
- $798.2m
- Employees
- 0
- Location
- Chesterfield, MO
- Founding
- 03/1946
- Data as of
- 06/2020
- 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 06/2020, Mercy Health generated $2.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $56.8m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2020
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:
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 |
|---|---|---|---|
Britton James President, Mh CEO & Bd Member | OfficerTrustee | 30 | $0 |
Johnston Jeffrey A Evp - Community Operations | Officer | 15 | $0 |
Sorensen Donn Evp - Operations | Officer | 50 | $0 |
Wheeler Philip Secretary & Senior Vp/general | Officer | 40 | $0 |
Mercer Cynthia Evp, Chief Admin Officer | Officer | 20 | $0 |
Sock Shannon Evp - Strategy, CFO & Treas | Officer | 10 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ponder And Co Professional Fees | 6/29/15 | $518,989 |
Husch Blackwell Llp Professional Fees | 6/29/15 | $120,000 |
Gilmore And Bell Professional Fees | 6/29/15 | $468,186 |
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 | $2,272,971 |
| 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 | $2,272,971 |
| 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 | $218 |
| Pension plan accruals and contributions | $57 |
| Other employee benefits | $2,016,520 |
| Payroll taxes | $89 |
| 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 | $5,875 |
| Advertising and promotion | $0 |
| Office expenses | $1,167 |
| Information technology | $48 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $220,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136,752 |
| Interest | $48,731,365 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,017,778 |
| All other expenses | $0 |
| Total functional expenses | $56,779,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,377,720 |
| Savings and temporary cash investments | $747,026,174 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,482,889 |
| Loans from Officers, Directors, or Controlling Persons | $1,378,446 |
| 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 | $1,501,853,143 |
| Investments—other securities | $798,244,562 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $341,878,066 |
| Total assets | $3,411,365,586 |
| Accounts payable and accrued expenses | $23,252,618 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $1,615,603,894 |
| 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 | $972,522,583 |
| Total liabilities | $2,611,379,095 |
| 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 | $799,986,491 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Health has recieved totaling $15,005.
| Awarding Organization | Amount |
|---|---|
American Heart Association Inc Dallas, TX PURPOSE: STROKE PROGRAMS | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Advocate Aurora Health Inc Downers Grove, IL | $50,322,454 | $73,418,612 |
Mercy Health Chesterfield, MO | $3,411,365,586 | $2,272,971 |
Shell Oil Dental Assistance Plan Des Moines, IA | $11,886,850 | $30,530,213 |
St Vincent Health Wellness And Preventive Care Institute Inc St Louis, MO | $18,298,068 | $23,645,396 |
Community Medical Center Inc Falls City, NE | $48,885,584 | $31,365,709 |
Society Of Critical Care Medicine Mt Prospect, IL | $48,596,265 | $24,348,580 |
Borgess Health Alliance Inc St Louis, MO | $46,781,570 | $6,896,966 |
Kvc Health Systems Inc Olathe, KS | $8,418,684 | $13,175,327 |
Alexian Brothers-Ahs Midwest Region Health Co Lisle, IL | $20,656,104 | $11,712,909 |
Hospital Industry Data Institute Jefferson City, MO | $14,138,483 | $12,900,741 |
Silver Cross Health System Inc New Lenox, IL | $84,613,247 | $11,478,762 |
Kentucky Hospital Association Louisville, KY | $31,664,606 | $12,702,880 |