Mercy College of Ohio

EIN: 341726619 501(c)(3) Health Care

Toledo, OH

Total Revenue
$21,522,312
Total Expenses
$24,047,738
Total Assets
$36,145,806
Net Assets
$32,935,280
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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
1992
Legal Domicile
OH
Phone
4192518936
Tax Period
2023-01-01 to 2023-12-31

Mercy College of Ohio, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $21.5M in total revenue in fiscal year 2023. Expenses of $24.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

MERCY COLLEGE, A CATHOLIC INSTITUTION WITH A FOCUS ON HEALTHCARE, EDUCATES AND INSPIRES STUDENTS TO LEAD AND TO SERVE IN THE GLOBAL COMMUNITY. MERCY COLLEGE IS SPONSORED BY Bon Secours MERCY HEALTH AND PRIMARILY FOCUSES ON HEALTHCARE AND HEALTH SCIENCE PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,076,382
Program Service Revenue $19,673,716
Investment Income $772,214
Other Revenue $0
TOTAL REVENUE $21,522,312

Expense Breakdown

Grants Paid $2,252,257
Salaries & Benefits $15,561,215
Fundraising Expenses $0
Program Expenses $20,351,280
Other Expenses $6,234,266
TOTAL EXPENSES $24,047,738

Year-over-Year Comparison

2023 2022 Change
Revenue $21,522,312 $21,458,342 +0.0%
Expenses $24,047,738 $24,550,273 0.0%
Net Income $-2,525,426 $-3,091,931 -0.2%
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
16
Independent Members
10
Employees
216
Volunteers
10

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
$348,060
Total Directors
22
$2,334,559
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A Secretary, MCO PRESIDENT 40.0
Officer Director
$334,435 $13,625 $348,060
N/A BOARD MEMBER (End 06/23) 1.0
Director
$0 $0 $0
N/A Board Member (End 11/23) 1.0
Director
$0 $0 $0
N/A Board Member (End 06/23) 1.0
Director
$0 $0 $0
N/A Board Member (Beg 09/23); Physician 1.0
Director
$0 $28,860 $267,208
N/A Board Member, President, MSVMC 1.0
Director
$0 $69,043 $557,903
N/A Board Member (Beg 09/23) 1.0
Director
$0 $0 $0
N/A Board Member, CNO 1.0
Director
$0 $88,680 $571,829
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member (End 06/23) 1.0
Director
$0 $0 $0
N/A BOARD MEMBER, DIRECTOR OF DEVT - HOV 1.0
Director
$0 $12,825 $119,983
N/A Board Member, VP Academic Affairs 1.0
Director
$0 $42,286 $469,576
N/A Board Member (Beg 09/23) 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member (Beg 09/23) 1.0
Director
$0 $0 $0
N/A Board Member (End 06/23) 1.0
Director
$0 $0 $0
N/A Board Member 1.0
Director
$0 $0 $0
N/A Board Member (End 06/23) 1.0
Director
$0 $0 $0
N/A Dean, Science & Allied Health 40.0
Highest
$142,334 $21,350 $163,684
N/A DIRECTOR, PHYS ASSIST. PROGRAM 40.0
Highest
$139,264 $29,603 $168,867
N/A DEAN, HEALTH SCIENCE PROGRAM 40.0
Highest
$143,137 $23,967 $167,104
N/A VP, Academic Affairs & Dean of Faculty 40.0
Highest
$197,236 $12,309 $209,545
N/A VP, Student Affairs 40.0
Highest
$139,722 $26,941 $166,663
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 No data No data No data No data
2023 $21,522,312 $24,047,738 $36,145,806 $-2,525,426
2022 $21,458,342 $24,550,273 $36,705,567 $-3,091,931
2021 $27,189,157 $29,240,951 $42,699,787 $-2,051,794
2020 $23,075,528 $23,179,421 $40,167,687 $-103,893
2019 $26,992,702 $21,444,805 $29,019,388 $5,547,897
2018 $25,999,187 $21,762,645 $24,194,606 $4,236,542
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