MERCY FOUNDATION OF DES MOINES IOWA (EIN 237358794) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

SHANNON COFIELD

Phone

5152473248

Tax Period

2023-07-01 to 2024-06-30

MERCY FOUNDATION OF DES MOINES IOWA, founded in 1973, is a mid-sized nonprofit in the Health Care sector that reported $21.7M in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.3M, a strong 61% operating margin.

Mission

TO PROVIDE SUPPORT FOR THE PROGRAMS OF MERCYONE DES MOINES MEDICAL CENTER AND ITS TAX-EXEMPT AFFILIATES

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $6,447,052

Program Service Revenue $0

Investment Income $14,936,951

Other Revenue $282,241

TOTAL REVENUE $21,666,244

Expense Breakdown

Grants Paid $6,680,319

Salaries & Benefits $1,011,809

Fundraising Expenses $990,161

Program Expenses $6,687,973

Other Expenses $686,131

TOTAL EXPENSES $8,378,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,666,244	$11,746,490	+0.8%
Expenses	$8,378,259	$6,583,488	+0.3%
Net Income	$13,287,985	$5,163,002	+1.6%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$995,310

Total Directors

$3,471,345

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL WEGNER	DIR&PRES MERCYONE CTRL IA THR 12/23	1.00	Director	$0	$65,930	$1,084,868
RANDALL RUBIN	FORMER OFFICER; SVP, CFO THR 6/23	0.00		$0	$28,353	$1,023,460
JENNIFER OLSON DO	DIRECTOR; PRESIDENT MERCY CLINICS	1.00	Director	$0	$134,241	$689,860
JASON MEYERS MD	DIRECTOR; ELECTROPHYSIOLOGIST	1.00	Director	$0	$51,528	$676,535
ANEESA AFROZE MD	DIR; INFECTIOUS DISEASE PHYSICIAN	1.00	Director	$0	$38,204	$573,287
JODIE ROETTGER	VP FIN & CFO MERCYONE IA 7/23-12/23	1.00	Officer	$0	$45,118	$548,515
SHANNON COFIELD	DIRECTOR; FOUNDATION PRESIDENT	38.00	Officer Director	$0	$43,990	$446,795
JOAN BINDEL	VICE PRESIDENT PHILANTHROPY	39.00	Highest	$0	$14,993	$187,438
MARTIN WALSH	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
ERIN KUHL	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
KELLY BUCHER	DIRECTOR; SECRETARY	1.00	Officer Director	$0	$0	$0
DENNIS MENKEN	DIRECTOR; TREASURER	1.00	Officer Director	$0	$0	$0
BROOKE AVILA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
JOSH COOK	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY DUFFY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN FITZSIMMONS	DIRECTOR	1.00	Director	$0	$0	$0
ALISON FRASER	DIRECTOR	1.00	Director	$0	$0	$0
VANESSA FREITAG	DIR & COO MERCYONE IA AS OF 4/24	1.00	Director	$0	$0	$0
JOYCE LILLIS	DIRECTOR	1.00	Director	$0	$0	$0
CARY MURPHY MD	DIRECTOR	1.00	Director	$0	$0	$0
MARC SCANTLIN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SEMON	DIRECTOR	1.00	Director	$0	$0	$0
ERIK SORENSEN	DIRECTOR	1.00	Director	$0	$0	$0
LOIS VOGEL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE WHITTY	DIRECTOR	1.00	Director	$0	$0	$0
TERRI DONOVAN PD BY MGMT CO	INT VP FINANCE MERCYONE AS OF 1/24	1.00	Officer	$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
2025	No data	No data	No data	No data
2024	$21,666,244	$8,378,259	$91,440,689	$13,287,985
2023	$11,746,490	$6,583,488	$76,163,602	$5,163,002
2022	$10,214,363	$12,126,825	$68,233,167	$-1,912,462
2021	$11,993,555	$7,594,189	$72,079,814	$4,399,366
2020	$13,746,142	$6,529,111	$59,284,160	$7,217,031
2019	$21,581,071	$6,493,554	$52,916,145	$15,087,517
2018	$10,708,303	$12,249,015	$37,319,673	$-1,540,712

MERCY FOUNDATION OF DES MOINES IOWA