MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MERCY AND UNITY HOSPITALS FOUNDATION, founded in 2002, is a small nonprofit that reported $232K in total revenue in fiscal year 2022. Revenue fell 85% from the prior year — a significant decline worth monitoring. Expenses of $501K exceeded revenue, resulting in a 116% operating deficit.
THE MERCY HOSPITAL FOUNDATION EXISTS TO ENHANCE THE HEALTH OF THE PATIENTS OF MERCY HOSPITAL AND THE COMMUNITIES THAT WE SERVE. THE FOUNDATION SUPPORTS THE EFFORTS OF THE HOSPITAL IN PROVIDING EXCEPTIONAL PATIENT CARE, ADVANCED TECHNOLOGY, AND A HEALTHY WORK ENVIRONMENT THROUGH FUNDRAISING.THE MERCY HOSPITAL FOUNDATION SUPPORTS THE AWARD-WINNING CARE THAT IS PROVIDED TO THE PATIENTS OF OUR HOSPITAL BY RAISING MONEY FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS.THE FUND RAISING CONDUCTED BY MERCY HOSPITAL FOUNDATION SUPPORTS THE PROGRAMS OF THE HOSPITAL. THESE PROGRAMS ARE DESIGNED TO MEET THE NEEDS OF OUR PATIENTS, STAFF AND COMMUNITY MEMBERS. ULTIMATELY, OUR PATIENTS BENEFIT FROM THE LATEST TECHNOLOGY AVAILABLE AND THE MOST INNOVATIVE CARE POSSIBLE. OUR STAFF BENEFITS FROM WORKING IN A SAFE ENVIRONMENT THAT SUPPORTS THEIR NEEDS. OUR COMMUNITY BENEFITS BY HAVING EXCEPTIONAL CARE AVAILABLE CLOSE TO HOME.
CAPITAL CAMPAIGN COMMITMENTCAPITAL GRANTS AS PART OF THE $4.687 MILLION CAPITAL CAMPAIGN COMMITMENT IN SUPPORT OF VARIOUS PROJECTS TO ENHANCE PATIENT CARE AT BOTH MERCY AND UNITY HOSPITAL CAMPUSES...
CAPITAL CAMPAIGN COMMITMENTCAPITAL GRANTS AS PART OF THE $4.687 MILLION CAPITAL CAMPAIGN COMMITMENT IN SUPPORT OF VARIOUS PROJECTS TO ENHANCE PATIENT CARE AT BOTH MERCY AND UNITY HOSPITAL CAMPUSES WITH THE FOCUS TO ALIGN AS "ONE HOSPITAL WITH TWO CAMPUSES" WHILE CONTINUING TO PROVIDE EXCELLENT PATIENT CARE AND EXPERIENCE AND REMOVING DUPLICATE SERVICES WITH MERCY HOSPITAL AS THE TERTIARY HOSPITAL FOR THE NORTH METROPOLITAN AREA. THESE 2022 CAPITAL GRANTS INCLUDE: $100,000 FOR MENTAL HEALTH CONSOLIDATION; $100,000 FOR XI DAVINCI SURGICAL SYSTEM ROBOT FOR CANCER SERVICES; $ 95,000 FOR 5TH FLOOR RENOVATION OF THE ORTHO/SPINE UNIT.
STAFF AND EMPLOYEE WELLNESS, EDUCATION AND TRAINING - $39,831PROVIDING STRESS REDUCING TREATMENT AND EDUCATIONAL TRAINING FOR EMPLOYEES AND STAFF. TRAINING INCLUDES MRI CERTIFICATION AS WELL AS...
STAFF AND EMPLOYEE WELLNESS, EDUCATION AND TRAINING - $39,831PROVIDING STRESS REDUCING TREATMENT AND EDUCATIONAL TRAINING FOR EMPLOYEES AND STAFF. TRAINING INCLUDES MRI CERTIFICATION AS WELL AS NATIONAL TRAUMA CARE BEST PRACTICES AND IMPROVEMENT COURSES TO MAINTAIN COMPETENCY IN OPTIMAL TRAUMA CARE FOR PATIENTS SERVED BY MERCY HOSPITALS. WORKSPACE IMPROVEMENTS - $11,225CREATE A MORE STREAMLINED SPACE FOR STAFF TO BETTER ASSIST PATIENTS. PATIENT AND COMMUNITY CARE $5,600FUNDING INCLUDES A SOCIAL WORKER PARTNERSHIP WITH BLAINE/COON RAPIDS POLICE DEPARTMENT. NEWBORN SWADDLES - $4,833PROVIDES ONESIES FOR NEWBORNS BORN WITHIN MERCY/UNITY HOSPITALS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $232,467 | $1,578,417 | -0.9% |
| Expenses | $501,406 | $1,105,430 | -0.5% |
| Net Income | $-268,939 | $472,987 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| SARA CRIGER | DIRECTOR/PRES. MERCY HOSP. | 2.00 |
Director
|
$0 | $100,099 | $1,681,503 |
| SARA H SCHOEL MD | DIRECTOR | 2.00 |
Director
|
$0 | $22,575 | $470,879 |
| LINDA ORTNER | DIRECTOR/EXEC DIR FNDTN | 2.00 |
Officer
Director
|
$0 | $16,724 | $251,785 |
| PAULA INMAN | DIRECTOR/TREASURER | 2.00 |
Director
|
$0 | $46,234 | $212,332 |
| DARCY BOARD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROSEMARIE DONLIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KYLE JOHANSEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE KALINA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN KNOLL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SCOTT PETERSON DO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| EVA RASMUSSEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TAMMY SCHEMMEL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DONNA SCOLLON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| D BRENT SIMONS MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRIS WEINHOLD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD MAGNUSON | CFO | 2.00 |
Officer
|
$0 | $103,314 | $1,474,410 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2022 | $232,467 | $501,406 | No data | $-268,939 |
| 2021 | $1,578,417 | $1,105,430 | $8,494,318 | $472,987 |
| 2020 | $2,449,458 | $1,850,658 | $8,126,689 | $598,800 |
| 2019 | $2,160,175 | $2,230,565 | $7,606,766 | $-70,390 |
| 2018 | $3,529,229 | $4,844,723 | $9,942,563 | $-1,315,494 |
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