Bon Secours Mercy Health Inc
- Assets
- $13.3b
- Revenue
- $7.6b
- Investments
- $7.3b
- Employees
- 63,853
- Location
- Cincinnati, OH
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 52-1301088
Organization Overview
Bon Secours Mercy Health Inc is located in Cincinnati, OH. The organization was established in 1946. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2021, Bon Secours Mercy Health Inc employed 63,853 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Bon Secours Mercy Health 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 12/2021, Bon Secours Mercy Health Inc generated $7.6b in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.8% each year . All expenses for the organization totaled $7.6b during the year ending 12/2021. While expenses have increased by 56.1% 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, Bon Secours Mercy Health Inc has awarded 397 individual grants totaling $50,213,092. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
BON SECOURS MERCY HEALTH EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. BON SECOURS MERCY HEALTH DEMONSTRATES BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE.
Describe the Organization's Program Activity:
THE TWENTY-EIGHT HOSPITALS INCLUDED ON THIS RETURN EXTEND THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRINGING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. THIS IS ACCOMPLISHED BY DEMONSTRATING BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE. TOTAL COMMUNITY BENEFIT PROVIDED IN 2021 WAS $419,937,487.
BON SECOURS MERCY HEALTH IS A MISSION-DRIVEN, NONPROFIT, CATHOLIC HEALTH SYSTEM. BON SECOURS MERCY HEALTH OPERATES ACUTE CARE HOSPITALS, LONG-TERM CARE FACILITIES, HOUSING SITES FOR THE ELDERLY, HOME HEALTH AGENCIES, HOSPICE PROGRAMS, WELLNESS CENTERS AND OTHER HEALTHCARE ORGANIZATIONS. BON SECOURS MERCY HEALTH'S HOME OFFICE PROVIDES SERVICES AND SUPPORT TO THE ENTIRE SYSTEM, INCLUDING BUT NOT LIMITED TO: PROVIDING GOVERNANCE, MANAGEMENT OVERSIGHT, STRATEGIC LEADERSHIP, FOCUSING RESOURCES TO ASSURE THE HEALING MISSION, PROVIDING ACCESS TO LOWER COST DEBT FINANCING TO SUPPORT OPERATIONS, IMPROVING CLINICAL OUTCOMES AND REDUCING OPERATING COSTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Bank Corporate Trust Financial Services | 12/30/21 | $84,662,037 |
Medtronic Usa Inc Medical Technology | 12/30/21 | $80,356,118 |
Medline Industries Inc Medical Products/services | 12/30/21 | $278,766,715 |
Ensemble Health Partners Revenue Cycle Services | 12/30/21 | $325,133,243 |
Cardinal Health Llc Medical Products/services | 12/30/21 | $617,407,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $18,321,517 |
| Government grants | $25,476,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,102,097 |
| Noncash contributions included in lines 1a–1f | $18,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,900,214 |
| Total Program Service Revenue | $7,224,962,426 |
| Investment income | $77,241,389 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $23,184,006 |
| Net Gain/Loss on Asset Sales | $236,288,301 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,624,173,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,963,226 |
| Grants and other assistance to domestic individuals. | $227,835 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $26,470,391 |
| Compensation of current officers, directors, key employees. | $3,970,559 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,915,665,667 |
| Pension plan accruals and contributions | $79,597,387 |
| Other employee benefits | $435,575,045 |
| Payroll taxes | $156,625,907 |
| Fees for services: Management | $15,946,656 |
| Fees for services: Legal | $6,587,358 |
| Fees for services: Accounting | $5,347,289 |
| Fees for services: Lobbying | $384,573 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,044,972 |
| Fees for services: Other | $1,019,926,893 |
| Advertising and promotion | $24,851,485 |
| Office expenses | $13,573,651 |
| Information technology | $208,858,765 |
| Royalties | $0 |
| Occupancy | $220,500,191 |
| Travel | $16,883,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $120,263,783 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $311,626,162 |
| Insurance | $85,482,094 |
| All other expenses | $131,105,907 |
| Total functional expenses | $7,550,528,412 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $26,464,886 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $906,832,482 |
| Loans from Officers, Directors, or Controlling Persons | $5,060,750 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,014,779,267 |
| Inventories for sale or use | $149,464,265 |
| Prepaid expenses and deferred charges | $156,855,128 |
| Net Land, buildings, and equipment | $2,655,054,940 |
| Investments—publicly traded securities | $383,812,024 |
| Investments—other securities | $7,324,245,225 |
| Investments—program-related | $94,666,097 |
| Intangible assets | $110,470,390 |
| Other assets | $467,253,666 |
| Total assets | $13,294,959,120 |
| Accounts payable and accrued expenses | $3,378,363,885 |
| Grants payable | $0 |
| Deferred revenue | $65,113,325 |
| Tax-exempt bond liabilities | $4,271,048,086 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,523,356 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $915,094,314 |
| Total liabilities | $8,636,142,966 |
| Net assets without donor restrictions | $4,650,705,039 |
| Net assets with donor restrictions | $8,111,115 |
| 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 | $13,294,959,120 |
Grants Awarded
Over the last fiscal year, Bon Secours Mercy Health Inc has awarded $1,939,569 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
Lima, OH PURPOSE: Mission Support | $433,699 |
Lima, OH PURPOSE: Mission Support | $250,000 |
Lima, OH PURPOSE: Mission Support | $210,000 |
Cincinnati, OH PURPOSE: Mission Support | $207,500 |
Lima, OH PURPOSE: Mission Support | $137,000 |
Lima, OH PURPOSE: Mission Support | $115,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Bon Secours Mercy Health Inc has recieved totaling $16,942,519.
| Awarding Organization | Amount |
|---|---|
Bon Secours Mercy Health Foundation Cincinnati, OH PURPOSE: Capital and program support | $16,935,739 |
Spencer Educational Foundation Inc New York, NY PURPOSE: INTERNSHIP | $6,780 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Bhsh System Grand Rapids, MI | $2,915,356,282 | $1,050,315,288 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |