Bon Secours Mercy Health Foundation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Phone

5139524999

Tax Period

2023-01-01 to 2023-12-31

Bon Secours Mercy Health Foundation, founded in 2004, is a mid-sized nonprofit in the Religion sector that reported $49.9M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Net assets of $354.2M represent 85 months of operating reserves.

Mission

To carry out the charitable and educational purposes of Bon Secours Mercy Health by providing grants in support of programs that carry out its charitable mission.

Program Service Accomplishments

Program 1

Expenses: $38,141,690 Revenue: $0

BON SECOURS MERCY HEALTH FOUNDATION AWARDED $38,141,690 IN GRANTS DURING 2023 TO PROGRAMS THAT ADDRESS THE HEALTHCARE NEEDS OF PERSONS WHO ARE POOR AND UNDERSERVED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $40,530,379

Program Service Revenue $0

Investment Income $10,199,824

Other Revenue $-817,940

TOTAL REVENUE $49,912,263

Expense Breakdown

Grants Paid $38,141,690

Salaries & Benefits $12,680,461

Fundraising Expenses $7,960,337

Program Expenses $38,141,690

Other Expenses $3,257,848

TOTAL EXPENSES $54,079,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$49,912,263	$63,081,435	-0.2%
Expenses	$54,079,999	$58,640,400	-0.1%
Net Income	$-4,167,736	$4,441,035	-1.9%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✓ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

300

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✓ Engaged in Lobbying

✓ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$538,068

Total Directors

$2,677,452

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Vice Chair	1.0	Officer Director	$0	$0	$0
N/A	Board Chair	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	Board Member, Foundation President	40.0	Officer Director	$508,322	$29,746	$538,068
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member (End 11/23)	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member, Chief Legal Officer & General Counsel	1.0	Director	$0	$337,038	$2,139,384
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Board Member	1.0	Director	$0	$0	$0
N/A	Richmond Foundation President	40.0	Highest	$255,656	$57,594	$313,250
N/A	VP, Charitable Estate & Gift Planning	40.0	Highest	$241,812	$51,530	$293,342
N/A	VP, Foundation Solutions	40.0	Highest	$276,733	$35,284	$312,017
N/A	VP, BSSFHS Foundation	40.0	Highest	$256,433	$54,185	$310,618
N/A	Youngstown Foundation President	40.0	Highest	$289,115	$30,006	$319,121
N/A	Former Secretary, System Director Donor Engagement	40.0		$212,288	$14,216	$226,504
N/A	Former Board President, Cincinnati Foundation President	40.0		$221,737	$13,535	$235,272
N/A	Former Secretary, Asst General Counsel	0.0		$0	$23,090	$181,853
N/A	Former Treasurer, SVP Finance - BSMH	0.0		$0	$126,630	$798,253
N/A	LIMA REGION FOUNDATION PESIDENT	40.0		$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$49,912,263	$54,079,999	$374,534,060	$-4,167,736
2022	$63,081,435	$58,640,400	$348,615,696	$4,441,035
2021	$66,888,886	$73,068,066	$455,909,792	$-6,179,180
2020	$57,631,560	$94,878,526	$370,542,221	$-37,246,966
2019	$43,369,335	$33,698,649	$310,986,107	$9,670,686
2018	$26,084,240	$47,665,969	$228,975,613	$-21,581,729