MERCY HEALTH PLAN

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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

1982

Legal Domicile

Principal Officer

JAMES WOODWARD

Phone

6105676000

Tax Period

2022-07-01 to 2023-06-30

MERCY HEALTH PLAN, founded in 1982, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2022. Revenue fell 94% from the prior year — a significant decline worth monitoring.

Mission

WE, TRINITY HEATH OF THE MID-ATLANTIC REGION AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. IN FULFILLING OUR MISSION, WE HAVE A SPECIAL CONCERN FOR PERSONS WHO ARE POOR AND DISADVANTAGED.MERCY HEALTH PLAN IS A MEMBER OF TRINITY HEALTH OF THE MID-ATLANTIC REGION (TRINITY HEALTH OF THE MID-ATLANTIC) AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

MERCY HEALTH PLAN CARRIES OUT ITS MISSION THROUGH ITS OWNERSHIP AND PARTICIPATION IN A PARTNERSHIP THAT OPERATES HEALTH MAINTENANCE ORGANIZATIONS FOR MEDICAID ENROLLEES AND MEDICAID/MEDICARE DUAL...

MERCY HEALTH PLAN CARRIES OUT ITS MISSION THROUGH ITS OWNERSHIP AND PARTICIPATION IN A PARTNERSHIP THAT OPERATES HEALTH MAINTENANCE ORGANIZATIONS FOR MEDICAID ENROLLEES AND MEDICAID/MEDICARE DUAL ELIGIBLES WITH SPECIAL NEEDS. THE PARTNERSHIP, GATEWAY HEALTH PLAN, PROVIDES COMPREHENSIVE MANAGED CARE SERVICES TO MEDICAID RECIPIENTS UNDER RISK-BASED CONTRACTS AND THROUGH CONTRACTUAL NETWORKS THAT INCLUDE HOSPITALS, PHYSICIANS, AND OTHER HEALTH CARE PROVIDERS. AMONG OTHER THINGS, THE PARTNERSHIP PARTICIPATES IN THE HEALTHCHOICES PROGRAM IN PENNSYLVANIA, A PROGRAM DESIGNED TO ENSURE THAT MEDICAID RECIPIENTS, WHO ARE MANDATED UNDER THE PROGRAM TO ENROLL IN A PARTICIPATING HEALTH MAINTENANCE ORGANIZATION, HAVE ACCESS TO UNIFORMLY HIGH QUALITY PRIMARY AND PREVENTIVE CARE, WHILE ALLOWING THE PENNSYLVANIA DEPARTMENT OF PUBLIC WELFARE TO CONTROL THE GROWTH AND COST OF THE PROGRAM.THROUGH THESE ACTIVITIES, MERCY HEALTH PLAN FACILITATED THE PROVISION OF HEALTH CARE SERVICES TO LOWER INCOME INDIVIDUALS AND OTHERS HAVING SPECIAL NEEDS, AND THEREBY CARRIED OUT THE SECTION 501(C)(3) CHARITABLE PURPOSE OF PROVIDING RELIEF TO THE POOR AND DISTRESSED AND LESSENING THE BURDENS OF GOVERNMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $8,000,000

Other Revenue $0

TOTAL REVENUE $8,000,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,000,000	$130,327,905	-0.9%
Expenses	N/A	N/A	N/A
Net Income	N/A	$130,327,905	N/A

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

N/A

Volunteers

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

$2,846,821

Total Directors

$2,591,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES WOODWARD	DIR; PRES & CEO MID-ATLANTIC REGION	0.20	Officer Director	$0	$74,073	$1,448,800
JULIE WASHINGTON	DIR; TRINITY SVP CHIEF MKTG & COMM	0.20	Director	$0	$220,833	$1,142,563
CATHERINE MIKUS	SECRETARY; GENERAL COUNSEL	0.20	Officer	$0	$58,053	$543,173
ANTHONY FANELLI	INTERIM CFO THR 12/22;VP REG FINANCE	0.20	Officer	$0	$43,837	$444,852
KIMBERLY CUMMINGS	TREASURER AND INTERIM CFO AS OF 1/23	0.20	Officer	$0	$48,949	$409,996
MARYANNE SPALLUCCI	FORMER OFFICER	0.00		$0	$2,281	$108,846
REBECCA KERCHNER	DIRECTOR; CHAIR	0.20	Officer Director	$0	$0	$0
VINCE GORDON	DIRECTOR; VICE CHAIR AS OF 7/22	0.20	Officer Director	$0	$0	$0
TALYANA BROMBERG J D	DIRECTOR	0.20	Director	$0	$0	$0
MARK BRUCKER	DIRECTOR	0.20	Director	$0	$0	$0
BARBARA BUCKLEY RSM	DIRECTOR	0.20	Director	$0	$0	$0
MICHELLE CALOPE	DIRECTOR AS OF 1/23	0.20	Director	$0	$0	$0
MARTINA DEIGNAN	DIRECTOR	0.20	Director	$0	$0	$0
JOSEPH DESANTIS	DIRECTOR	0.20	Director	$0	$0	$0
KATHRYN DOUGHERTY OSF	DIRECTOR	0.20	Director	$0	$0	$0
HIRAL FONTANILLA MD	DIRECTOR	0.20	Director	$0	$0	$0
MARIANNE GRACE	DIRECTOR	0.20	Director	$0	$0	$0
SHAILA KAPUR	DIRECTOR	0.20	Director	$0	$0	$0
JULIA KEEGAN OSF	DIRECTOR AS OF 1/23	0.20	Director	$0	$0	$0
JAMES MONIHAN MD	DIRECTOR	0.20	Director	$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
2023	$8,000,000	No data	No data	No data
2022	$130,327,905	No data	No data	No data
2021	$31,822,487	No data	$255,850,000	No data
2020	$12,356,400	No data	$243,397,000	No data
2019	$9,066,369	No data	$230,173,500	No data
2018	$42,036,984	No data	$229,389,988	No data