MERCY AND UNITY HOSPITALS FOUNDATION

EIN: 300086426 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$232,467
Total Expenses
$501,406
Total Assets
N/A
Net Assets
N/A
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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
2002
Legal Domicile
MN
Principal Officer
LINDA ORTNER
Phone
6122620660
Tax Period
2022-01-01 to 2022-04-01

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.

Mission

TO RAISE, STEWARD, AND DISTRIBUTE PHILANTHROPIC FUNDS TO SUPPORT THE HEALTH AND QUALITY OF CARE OF MERCY HOSPITAL PATIENTS AND FAMILIES, AND THE HEALTH AND WELLNESS OF THE COMMUNITY WE SERVE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $223,504
Program Service Revenue $0
Investment Income $8,963
Other Revenue $0
TOTAL REVENUE $232,467

Expense Breakdown

Grants Paid $356,489
Salaries & Benefits $0
Fundraising Expenses $70,284
Program Expenses $356,489
Other Expenses $144,917
TOTAL EXPENSES $501,406

Year-over-Year Comparison

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%
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

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Governance

Voting Members
15
Independent Members
11
Employees
N/A
Volunteers
11

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
$1,726,195
Total Directors
15
$2,616,499
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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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