Bon Secours Mercy Health Foundation

EIN: 201072726 501(c)(3) Religion

Cincinnati, OH

Total Revenue
$49,912,263
Total Expenses
$54,079,999
Total Assets
$374,534,060
Net Assets
$354,238,960
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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
OH
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 SUPPORT THE OPERATIONS OF BON SECOURS MERCY HEALTH BY ENCOURAGING CHARITABLE GIVING AND EFFECTIVELY MANAGING GIFT RESOURCES.

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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%)

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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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Governance

Voting Members
18
Independent Members
16
Employees
91
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
5
$538,068
Total Directors
19
$2,677,452
Key Employees
0
$0
Highest Compensated
5
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
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