Mercy Medical Center Inc
- Assets
- $1.0b
- Revenue
- $599.5m
- Investments
- $0.0
- Employees
- 4,228
- Location
- Baltimore, MD
- Founding
- 09/1949
- Data as of
- 06/2023
- EIN
- 52-0591658
Organization Overview
Mercy Medical Center Inc is located in Baltimore, MD. The organization was established in 1949. 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 06/2023, Mercy Medical Center Inc employed 4,228 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Medical Center 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 06/2023, Mercy Medical Center Inc generated $599.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $583.9m during the year ending 06/2023. While expenses have increased by 2.6% per year over the past 8 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 2018, Mercy Medical Center Inc has awarded 70 individual grants totaling $1,363,333. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
LIKE THE SISTERS OF MERCY BEFORE US, WE WITNESS GOD'S HEALING LOVE FOR ALL PEOPLE BY PROVIDING EXCELLENT CLINICAL SERVICES WITHIN A COMMUNITY OF COMPASSIONATE CARE. AS AN INDEPENDENT CATHOLIC HOSPITAL, WE PLEDGE TO ENHANCE THE HEALTH OF OUR REGION AND SERVE ALL PEOPLE OF EVERY CREED, COLOR, ECONOMIC, AND SOCIAL CONDITION.
Describe the Organization's Program Activity:
MERCY MEDICAL CENTER (MMC) OWNS AND OPERATES A 179-LICENSED BED GENERAL ACUTE-CARE TEACHING HOSPITAL. MMC PROVIDES HOSPITAL SERVICES WITHOUT REGARD TO ABILITY TO PAY, INCLUDING MEDICAL AND SURGICAL INPATIENT AND OUTPATIENT SERVICES, EMERGENCY ROOM CARE, LABOR AND DELIVERY, AND NEONATAL INTENSIVE CARE AMONG OTHER SERVICES. IN FISCAL YEAR 2023, MERCY ADMITTED 16,603 INPATIENT AND OBSERVATION CASES, 21.0% OF WHICH WAS MEDICAL ASSISTANCE REVENUE. MMC'S LARGEST MAJOR SERVICE CATEGORY IS SURGERY AND CENTERS OF EXCELLENCE REPRESENTING 64.5% OF TOTAL HOSPITAL REVENUE. MERCY PROVIDED 28,971 SURGICAL CASES AND 8,307 INTERVENTIONAL CASES DURING THE PERIOD.MMC'S SECOND LARGEST MAJOR SERVICE CATEGORY IS MEDICINE, REPRESENTING 21.1% OF TOTAL HOSPITAL REVENUE. IN FISCAL YEAR 2023, MERCY SERVED 6,381 MEDICAL ADMISSIONS AND OBSERVATION CASES AND PROVIDED CARE FOR 42,435 EMERGENCY ROOM VISITS.MMC'S THIRD LARGEST MAJOR SERVICE CATEGORY IS OBSTETRICS/NEONATAL INTENSIVE CARE/PEDIATRICS, REPRESENTING 14.3% OF TOTAL HOSPITAL REVENUE. IN FISCAL YEAR 2023, MMC PROVIDED CARE FOR 2,286 NURSERY BIRTHS AND 278 NICU BIRTHS DURING THE PERIOD. MMC IS THE LARGEST BIRTHING HOSPITAL IN BALTIMORE CITY. APPROXIMATELY 56.7% OF MOTHERS DELIVERING AT MERCY ARE MEDICAID INSURED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David N Maine MD Chair, Ex Officio | OfficerTrustee | 18 | $0 |
Justin C Deibel Vice Chair | OfficerTrustee | 15 | $0 |
Wilma Rowe MD Secretary | OfficerTrustee | 39.5 | $0 |
Elinor Petrocelli Treasurer | OfficerTrustee | 15 | $281,004 |
Michael C Mullane Director | Trustee | 25 | $200,807 |
Rev R Thomas Malia Director | Trustee | 40 | $82,989 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Consolidated Medical Services Inc Construction | 6/29/23 | $6,491,957 |
University Of Md Medical System Medical Services | 6/29/23 | $5,268,628 |
Epic Systems Corporation Epic Maintenance And Technical Support | 6/29/23 | $3,355,040 |
Metz Culinary Management Food Services | 6/29/23 | $3,212,554 |
Rtm Enterprise Inc Maintenance Bldg And Renovation | 6/29/23 | $3,848,653 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,526,076 |
| 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 | $2,526,076 |
| Total Program Service Revenue | $569,606,863 |
| Investment income | $5,795,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $933,419 |
| Net Gain/Loss on Asset Sales | $3,238,089 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $599,540,383 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $292,867 |
| 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 of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $228,632,264 |
| Pension plan accruals and contributions | $5,760,754 |
| Other employee benefits | $25,941,821 |
| Payroll taxes | $16,012,213 |
| Fees for services: Management | $5,552,123 |
| Fees for services: Legal | $1,153,590 |
| Fees for services: Accounting | $644,828 |
| Fees for services: Lobbying | $87,500 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $793,182 |
| Fees for services: Other | $22,204,271 |
| Advertising and promotion | $4,136,259 |
| Office expenses | $25,770,683 |
| Information technology | $2,310,727 |
| Royalties | $0 |
| Occupancy | $13,366,728 |
| Travel | $576,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $555,974 |
| Interest | $12,476,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36,665,710 |
| Insurance | $26,992,429 |
| All other expenses | $1,164,611 |
| Total functional expenses | $583,920,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $100,140,702 |
| Savings and temporary cash investments | $114,783,495 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,302,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $11,753,470 |
| Prepaid expenses and deferred charges | $2,720,689 |
| Net Land, buildings, and equipment | $472,585,691 |
| Investments—publicly traded securities | $245,828,644 |
| Investments—other securities | $0 |
| Investments—program-related | $49,615,532 |
| Intangible assets | $0 |
| Other assets | $18,057,914 |
| Total assets | $1,042,788,236 |
| Accounts payable and accrued expenses | $110,193,422 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $351,902,904 |
| 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 | $24,281,199 |
| Total liabilities | $486,377,525 |
| Net assets without donor restrictions | $512,043,580 |
| Net assets with donor restrictions | $44,367,131 |
| 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 | $1,042,788,236 |
Grants Awarded
Over the last fiscal year, Mercy Medical Center Inc has awarded $277,867 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION INC PURPOSE: $5,000 FOR GREATER MARYLAND HEART WALK AND $2,500 FOR GO RED FOR WOMEN'S HEART HEALTH | $7,500 |
BALTIMORE CIVIC FUND FORMERLY BALTIMORE CITY FOUNDATION INC PURPOSE: $7,061.90 - YOUTHWORKS SUMMER JOB PROGRAM 7/5/22-8/5/22 | $7,062 |
BALTIMORE COMMUNITY FOUNDATION CO CENTRAL MD TRANSPORTATION ALLIANCE PURPOSE: $7,000 FOR GRANT PERIOD: 1/1/22-12/31/22 AND $7,500 FOR GRANT PERIOD: 1/1/23-12/31/23 (2-YEAR PERIOD) | $14,500 |
CRISTO REY CORPORATE PURPOSE: $45,600 + $45,600 =91,200 CORPORATE INTERSHIP PROGRAM ( CIP)SPONSORSHIP ANNUAL FEE. | $91,200 |
BALTIMORE METROPOLITAN COUNCIL PURPOSE: CHESAPEAKE CONNECT 2022 DINNER SPONSOR | $7,000 |
BALTIMORE OFFICE OF PROMOTION & THE ARTS PURPOSE: 2023 FARMERS' MARKET SPONSORSHIP-BAGS & SECURITY | $15,000 |