Mercy Ships International (EIN 262414132) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Phone

9039397000

Tax Period

2024-01-01 to 2024-12-31

Mercy Ships International, founded in 2008, is a major nonprofit in the International Affairs sector that reported $287.1M in total revenue in fiscal year 2024. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130.1M, a strong 45% operating margin.

Mission

OPERATES HOSPITAL SHIPS STAFFED BY VOLUNTEER MEDICAL AND NON-MEDICAL CREW TO BRING FREE SURGERIES AND MEDICAL TRAINING TO DEVELOPING COUNTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $284,383,021

Program Service Revenue $39,708

Investment Income $2,381,126

Other Revenue $340,224

TOTAL REVENUE $287,144,079

Expense Breakdown

Grants Paid $2,656,586

Salaries & Benefits $45,868,249

Fundraising Expenses $22,674,726

Program Expenses $118,078,677

Other Expenses $102,795,336

TOTAL EXPENSES $157,056,453

Year-over-Year Comparison

	2024	2023	Change
Revenue	$287,144,079	$155,091,550	+0.9%
Expenses	$157,056,453	$145,692,310	+0.1%
Net Income	$130,087,626	$9,399,240	+12.8%

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

591

Volunteers

3168

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

$1,909,481

Total Directors

$765,614

Key Employees

$629,011

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BERT VAN DIJK	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
DON STEPHENS	FOUNDER	45.0	Officer Director	$300,000	$0	$300,000
GARY BROWN	CHAIRMAN	3.0	Officer Director	$0	$0	$0
GERT VAN DE WEERDHOF	CEO	55.0	Officer Director	$434,241	$31,373	$465,614
JAN VAN DEN BOSCH	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
PETER B SCHULZE	TREASURER/ Vice Chairman	3.0	Officer Director	$0	$0	$0
THOMAS LATKOVIC	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
ANN GLOAG	DIRECTOR	2.0	Director	$0	$0	$0
DR BERTHA AYI	DIRECTOR	2.0	Director	$0	$0	$0
DR CARRIE TIBBLES	DIRECTOR	2.0	Director	$0	$0	$0
DR EDWIN STEPHEN	DIRECTOR	2.0	Director	$0	$0	$0
DR LOIC PFISTER	DIRECTOR	2.0	Director	$0	$0	$0
DR MICHAEL SPENCE	DIRECTOR	2.0	Director	$0	$0	$0
DR MICHELLE WHITE	DIRECTOR	2.0	Director	$0	$0	$0
FILIP RYGG	DIRECTOR	2.0	Director	$0	$0	$0
GARY BELVIN	DIRECTOR	2.0	Director	$0	$0	$0
GILBERT WALTER	DIRECTOR	2.0	Director	$0	$0	$0
GUY WADE	DIRECTOR	3.0	Director	$0	$0	$0
JAMES F COPPENS	DIRECTOR	2.0	Director	$0	$0	$0
JANEEN UZZELL	DIRECTOR	2.0	Director	$0	$0	$0
LOIS BOYLE	DIRECTOR	2.0	Director	$0	$0	$0
LUCY QUIST	DIRECTOR	2.0	Director	$0	$0	$0
PHD MICHAEL LINDSAY	DIRECTOR	2.0	Director	$0	$0	$0
PHD RONALD L GOODE	DIRECTOR	3.0	Director	$0	$0	$0
REV JONATHAN WEAVER	DIRECTOR	2.0	Director	$0	$0	$0
Barney Goodall	Interim CFO End: 1/7/2024	45.0	Officer	$192,104	$0	$192,104
David Schwab	Secretary & General Counsel Start: 9/3/2024	45.0	Officer	$108,065	$0	$108,065
KERRY PETERSON	VP ADVANCEMENT/ASST. SECRETARY	55.0	Officer	$205,481	$28,253	$233,734
LINDA PRUETT	P & C PROJECT MGR/ ASSIST. SECRETARY	55.0	Officer	$72,109	$7,473	$79,582
NICOLAS ADAME	CFO Start: 01/08/2024	55.0	Officer	$235,571	$31,858	$267,429
PAUL OWEN	Secretary & GENERAL COUNSEL End: 7/16/2024	55.0	Officer	$247,863	$15,090	$262,953
Ebenezer Puplampu	CPO	45.0	Key Emp	$246,188	$32,766	$278,954
Mark Shrime	Int. Chief Medical Officer End: 12/16/2024	45.0	Key Emp	$328,143	$21,914	$350,057
BRANDON KEAN	CONTROLLER	45.0	Highest	$176,312	$22,290	$198,602
Dave Shwadlenak	VP of Information Technology	45.0	Highest	$163,001	$30,894	$193,895
JITZE KRAMER	VP OF GLOBAL BRANDING END: 9/30/24	55.0	Highest	$262,804	$29,989	$292,793
Nathan Jansen	Managing Director	45.0	Highest	$179,246	$0	$179,246
ROBERT CORLEY	COO	55.0	Highest	$261,210	$35,739	$296,949

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	$287,144,079	$157,056,453	$382,848,734	$130,087,626
2023	$155,091,550	$145,692,310	$252,387,216	$9,399,240
2022	$133,883,712	$136,875,817	$246,524,346	$-2,992,105
2021	$212,689,629	$142,842,150	$239,293,493	$69,847,479
2020	$110,683,026	$79,255,209	$171,351,006	$31,427,817
2019	$106,217,922	$90,955,859	$145,192,831	$15,262,063
2018	$116,840,423	$75,788,838	$123,338,393	$41,051,585

Mercy Ships International