MERCY HEALTH SERVICES - IOWA CORP

EIN: 311373080 501(c)(3) Health Care

MASON CITY, IA

Total Revenue
$933,901,198
Total Expenses
$1,016,202,656
Total Assets
$1,394,159,720
Net Assets
$166,442,317
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
DE
Principal Officer
MICHAEL TAYLOR
Phone
5153589200
Tax Period
2024-07-01 to 2025-06-30

MERCY HEALTH SERVICES - IOWA CORP, founded in 1993, is a major nonprofit in the Health Care sector that reported $933.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,543,132
Program Service Revenue $865,707,039
Investment Income $8,506,231
Other Revenue $50,144,796
TOTAL REVENUE $933,901,198

Expense Breakdown

Grants Paid $1,668,901
Salaries & Benefits $415,892,028
Fundraising Expenses $801,751
Program Expenses $902,476,366
Other Expenses $598,641,727
TOTAL EXPENSES $1,016,202,656

Year-over-Year Comparison

2024 2023 Change
Revenue $933,901,198 $972,680,275 0.0%
Expenses $1,016,202,656 $993,160,513 +0.0%
Net Income $-82,301,458 $-20,480,238 +3.0%
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
3
Independent Members
1
Employees
6372
Volunteers
215

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
4
$3,112,841
Total Directors
4
$4,484,693
Key Employees
8
$4,837,983
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT RITZ DIRECTOR; REGIONAL PRESIDENT & CEO 1.00
Officer Director
$0 $54,140 $2,471,013
MARY CORITA HEID RSM DIRECTOR AND CHAIR THROUGH 5/25 1.00
Officer Director
$0 $0 $0
LINDA ROSS DIR; CHIEF LEGAL OFFICER TRINITY 1.00
Director
$0 $48,692 $2,013,680
MAURITA SOUKUP RSM DIRECTOR 1.00
Director
$0 $0 $0
TERRI DONOVAN PAID BY MGMT CO TREAS & INTERIM VP FINANCE MERCYONE 1.00
Officer
$0 $0 $0
HEATHER CAMPBELL SEC; CHIEF LEGAL OFFICER MERCYONE 1.00
Officer
$0 $57,759 $641,828
MICHELLE POSTEN COO E. IA REG AT 3/25; GENESIS ADMIN 49.00
Key Emp
$0 $10,352 $460,559
PAUL MANTERNACH SVP PHYS INTEGRATION/CMO NORTH IOWA 50.00
Key Emp
$0 $59,517 $620,661
KAY TAKES PRES EASTERN IOWA REGION THR 12/24 29.00
Key Emp
$0 $53,147 $823,514
THOMAS CLARK PRESIDENT WESTERN IOWA REGION 50.00
Key Emp
$0 $155,119 $1,003,150
JESICA HANSON VP FINANCE MERCYONE SIOUXLAND 45.00
Key Emp
$0 $49,713 $483,971
MARK TRAMMEL VP FINANCE MERCYONE N. IOWA THR 2/25 47.00
Key Emp
$0 $37,392 $389,126
KEITH VOLLSTEDT MD CMO MERCYONE SIOUXLAND 49.00
Key Emp
$0 $35,827 $348,257
CHAD BOORE COO MERCYONE NORTH IOWA THROUGH 3/25 50.00
Key Emp
$0 $128,460 $708,745
YEN LIU MD PHYSICIAN, DERMATOLOGY NORTH IOWA 50.00
Highest
$1,627,523 $52,429 $1,679,952
KEVIN ORCUTT MD PHYSICIAN, ONCOLOGY NORTH IOWA 50.00
Highest
$1,224,247 $58,438 $1,282,685
ALIREZA YARAHMADI MD PHYSICIAN, NEUROLOGY NORTH IOWA 50.00
Highest
$1,044,239 $40,513 $1,084,752
MIR SUBLA MD PHYSICIAN, CARDIOLOGIST SIOUX CITY 50.00
Highest
$0 $26,073 $980,857
DANIEL LAMPTEY MD PHYS, INFECTIOUS DISEASE SIOUX CITY 50.00
Highest
$0 $33,263 $928,223
MICHAEL WEGNER FORMER OFFICER 0.00
$0 $455,195 $1,653,467
JODIE ROETTGER FORMER OFFICER 0.00
$0 $30,461 $459,251
RODNEY SCHLADER FORMER KEY EMPLOYEE 0.00
$0 $13,414 $311,929
DOUGLAS STRONG FORMER KEY EMP; CEO HOLY CROSS HLTH 0.00
$0 $23,642 $794,025
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 $933,901,198 $1,016,202,656 $1,394,159,720 $-82,301,458
2024 No data No data No data No data
2023 $881,186,124 $967,106,603 $792,336,718 $-85,920,479
2022 $908,306,688 $966,049,004 $862,272,475 $-57,742,316
2021 $883,999,278 $875,712,651 $983,464,486 $8,286,627
2020 $829,323,680 $794,908,710 $937,001,767 $34,414,970
2019 $799,651,907 $778,612,925 $775,869,654 $21,038,982
2018 $753,934,935 $737,029,001 $701,650,755 $16,905,934
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