EIN 42-0698295

Mercy Medical Center

IRS 501(c) type
501(c)(3)
Num. employees
3,084
State
Year formed
1900
Most recent tax filings
2023-06-01
NTEE code, primary
Description
Mercy Medical Center is a health care facility located in Cedar Rapids, IA. Its mission is to care for the sick and enhance the health of the communities it serves, guided by the spirit of the Sisters of Mercy. The hospital provides medical health care 24 hours a day, seven days a week including trauma center service to all patients regardless of race, creed, sex, national origin, handicap, age or ability to pay.
Related structure
Mercy Medical Center is child organization, under the parent exemption from United States Conference of Catholic Bishops (USCCB).
Total revenues
$435,705,307
2023
Total expenses
$456,035,429
2023
Total assets
$714,937,396
2023
Num. employees
3,084
2023

Program areas at Mercy Medical Center

The hospital provides Medical health care, including 24 hours a day, seven days a week trauma Center service, to all patients accessing the system, regardless of race, creed, sex, national origin, handicap, age or ability to pay. A patient is classified as a charity patient by reference to certain estabilished policies of the hospital. Essentially, these policies define charity services as those services for which no or nominal payment is anticipated. Additionally, each hospital department accepts all patients who are covered by governmental indigent programs. Such indigent programs typically remit amounts substantially less than charges. The following summarizes the hospital's care of the uninsured and underinsured. Costs in excess of medicare reimbursement (costs of providing the services less the amounts received from medicare) - $38,210,000; other community benefits (includes subsidized health services, financial contributions) - $2,903,000; free service (to patients who meet Mercy's free-service guidelines) - $4,700,000; costs in excess of medicaid reimbursement (costs of providing the services less the amounts received from medicaid) - $12,030,000, physician education - $(911,000). In addition, charity care and community service are provided through many reduced-price services and free programs offered throughout the year. These programs provide a bona fide community health need, including: a. Public and professional educational seminar are offered on a variety of topics including joint replacement surgery, prenatal education, diabetes, mental health disorders, and numerous other Medical conditions of Medical and psychosocial nature. Specialized cancer seminars are also offered. B. Hospital meeting facilities which are frequently used without charge by such groups as the american heart association, Iowa breast cancer foundation, healthy linn network advisory committee, overeaters anonymous, catholic laymen, united way, catherine mcauley Center for women, the american cancer society. M.s. Support group, eastern Iowa oncology nurses society, the Iowa cancer consortium, the parent education consortium, arc of east central Iowa, and several other groups. C. contributions of approximately 81,050 hours toward the common purpose of serving the health care of the community. The value of these contributions was approximately $1,209,400 and was given back to the community through lower costs.

Grants made by Mercy Medical Center

GranteeGrant descriptionAmount
Mercycare Service CorporationFor Use in Continuing Operations$13,300,000
Mercy Medical Center Foundation / Mercy Hospitalcedar Rapidsia Endowment Foundation IncFor Use in Continuing Operations$967,344
Newbo City MarketGeneral Support$25,000
...and 14 more grants made

Who funds Mercy Medical Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Mercy Medical Center Foundation / Mercy Hospitalcedar Rapidsia Endowment Foundation IncEquipment$13,818,252
Mercy Medical Center Foundation / Mercy Hospitalcedar Rapidsia Endowment Foundation IncMercy Medical Center Projects & Operations$1,132,008
Hall-Perrine FoundationHall Radiation Center Equipment $500,000; Hallmar Village - Building $200,000$700,000
...and 13 more grants received

Personnel at Mercy Medical Center

NameTitleCompensation
Timothy QuinnPresident and Chief Executive Officer / Chief of Clinical Operations$718,980
Nathan van GenderenExecutive Vice President and Chief Financial Officer$474,578
Jeffrey CashChief Information Officer$431,218
Nancy Hill-DavisChief Talent Officer / Senior Vice President - Human Resources$352,203
Mary BrobstChief Nursing Officer$364,872
...and 10 more key personnel

Financials for Mercy Medical Center

RevenuesFYE 06/2023
Total grants, contributions, etc.$17,876,568
Program services$408,642,537
Investment income and dividends$7,272,407
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$688,394
Net gain from sale of non-inventory assets$4,173,703
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$-705,371
Miscellaneous revenues$-2,242,931
Total revenues$435,705,307

Form 990s for Mercy Medical Center

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-15990View PDF
2022-062023-05-15990View PDF
2021-062022-05-13990View PDF
2020-062021-05-18990View PDF
2019-062021-02-09990View PDF
...and 9 more Form 990s

Organizations like Mercy Medical Center

OrganizationLocationRevenue
St Mary's Hospital and Medical CenterGrand Junction, CO$491,054,609
Saint Joseph Hospital DenverDenver, CO$606,958,576
Saint Alphonsus Regional Medical CenterBoise, ID$804,454,957
St Vincent HealthcareBillings, MT$535,939,248
Saint Peter's Healthcare System (SPUH)New Brunswick, NJ$582,115,621
Saint Francis Hospital and Medical CenterHartford, CT$931,352,319
Holy Name Medical CenterTeaneck, NJ$524,882,640
Ascension Providence Hospital (PPPH)St Louis, MO$880,490,402
CHI Health Good SamaritanKearney, NE$189,777,469
Saint Anthony HospitalChicago, IL$129,168,410
Data update history
July 18, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 1 new vendor, including
July 8, 2024
Received grants
Identified 2 new grant, including a grant for $20,000 from American Heart Association (AHA)
January 2, 2024
Received grants
Identified 13 new grant, including a grant for $3,151,180 from Mercy Medical Center Foundation / Mercy Hospitalcedar Rapidsia Endowment Foundation Inc
Nonprofit Types
Grantmaking organizationsHospitalsHealth organizationsChapter / child organizations
Issues
Health
Characteristics
CatholicChristianReligiousLobbyingOperates internationallyState / local levelReceives government fundingEndowed supportCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
701 10th St Se
Cedar Rapids, IA 52403
Metro area
Cedar Rapids, IA
County
Linn County, IA
Website URL
mercycare.org/ 
Phone
(319) 398-6105
IRS details
EIN
42-0698295
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1900
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E22: Hospital, General
NAICS code, primary
622: Hospitals
Parent/child status
Child within group exemption
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