Mercy Health Services Inc
- Assets
- $52.9m
- Revenue
- $66.1m
- Investments
- $27.0m
- Employees
- 99
- Location
- Baltimore, MD
- Founding
- 03/1946
- Data as of
- 06/2023
- EIN
- 52-2173382
Organization Overview
Mercy Health Services Inc is located in Baltimore, MD. 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. As of 06/2023, Mercy Health Services Inc employed 99 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Health Services 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 Health Services Inc generated $66.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $63.0m during the year ending 06/2023. While expenses have increased by 13.2% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MERCY HEALTH SERVICES, INC WAS FORMED FOR THE SOLE PURPOSE OF SUPPORTING, BENEFITING OR CARRYING OUT SOME OR ALL OF THE EXEMPT PURPOSES OF MERCY MEDICAL CENTER, INC (MMC), STELLA MARIS, INC (SM), AND MERCY HEALTH FOUNDATION, INC (MHF), INCLUDING BY PROVIDING LEADERSHIP FOR MMC, SM, MHF, AND ALL OTHER CONTROLLED SUBSIDIARIES OF MERCY HEALTH SYSTEM (COLLECTIVELY, THE "HEALTH SYSTEM").
Describe the Organization's Program Activity:
LUTHERVILLE MEDICAL ONCOLOGY AND HEMATOLOGY PROVIDES HIGH QUALITY SPECIALTY MEDICAL SERVICES TO THE COMMUNITY TO PROMOTE THE QUALITY OF PATIENT CARE BY THE MERCY HEALTH SYSTEM.
MERCY HEALTH SERVICES, INC, AS 50% OWNER OF MERCY RIDGE, INC. PROVIDES MANAGEMENT SUPPORT, INCLUDING FINANCIAL AID AND IT SUPPORT TO MERCY RIDGE'S CONTINUING CARE RETIREMENT FACILITY. MANAGEMENT SUPPORT FOR MERCY RIDGE CONSISTS OF ASSISTING THE ORGANIZATION WITH FULFILLING ITSMISSION TO PROVIDE A RETIREMENT FACILITY AND ITS RESIDENTS WITH A DIGNIFIED AND FULFILLING LIFESTYLE, AS WELL AS COMPASSIONATE CARE + ASSISTED LIVING OPTIONS WHEN NEEDED.
NORTH CALVERT ANESTHESIOLOGY SERVICES, LLC PROVIDES ALL ANESTHESIOLOGY SERVICES WITHIN MERCY MEDICAL CENTER, INC.
MERCY HEALTH SERVICES, INC WAS FORMED FOR THE EXEMPT PURPOSES OF SUPPORTING, BENEFITING OR CARRYING OUT SOME OR ALL OF THE PURPOSES OF MERCY MEDICAL CENTER, INC., STELLA MARIS INC., MARYLAND FAMILY CARE INC., ST. PAUL PLACE SPECIALIST, AND MERCY HEALTH FOUNDATION. IN DECEMBER 2011 MERCY MEDICAL CENTER OPENED A NEW HOSPITAL FACILITY THAT WILL CONTINUE TO PROVIDE QUALITY HEALTHCARE TO THE RESIDENT'S OF BALTIMORE CITY AND BEYOND, REGARDLESS OF ECONOMIC MEANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sister Helen Amos Rsm Executive Chair | OfficerTrustee | 30 | $0 |
Marilynn K Duker Vice Chair | OfficerTrustee | 0.5 | $0 |
Earl L Linehan Treasurer | OfficerTrustee | 0.5 | $0 |
Sister Mary Fanning Rsm Secretary | OfficerTrustee | 0.5 | $0 |
Wilma Rowe MD Secretary | OfficerTrustee | 0.5 | $0 |
Alexander T Mason Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Systematic Financial Management Lp Investment Management Service | 6/29/23 | $190,693 |
Abeo Management Corporation Billing Service | 6/29/23 | $918,536 |
Marquette Associates Inc Investment Consulting | 6/29/23 | $140,000 |
Principal Bank Investment Management Service | 6/29/23 | $100,868 |
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 | $65,757,188 |
| Investment income | $297,479 |
| 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 | $66,054,667 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $3,855,086 |
| Compensation of current officers, directors, key employees. | $3,855,086 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,072,173 |
| Pension plan accruals and contributions | $406,687 |
| Other employee benefits | $1,349,326 |
| Payroll taxes | $943,107 |
| Fees for services: Management | $2,151,574 |
| 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 | $141,613 |
| Fees for services: Other | $58,094 |
| Advertising and promotion | $0 |
| Office expenses | $231,191 |
| Information technology | $31,097 |
| Royalties | $0 |
| Occupancy | $269,073 |
| Travel | $61,413 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,141 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $260,367 |
| Insurance | $352,343 |
| All other expenses | $0 |
| Total functional expenses | $63,031,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,201,152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,780,789 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,631,207 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,660,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $26,978,826 |
| Investments—program-related | $8,417,174 |
| Intangible assets | $0 |
| Other assets | $9,260,623 |
| Total assets | $52,930,475 |
| Accounts payable and accrued expenses | $7,669,594 |
| 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 | $38,239 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,707,833 |
| Net assets without donor restrictions | $45,222,642 |
| 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 | $52,930,475 |