Mercy College of Ohio

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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

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 serve in the global community.

Program Service Accomplishments

Program 1

Expenses: $19,895,489 Revenue: $19,484,206

SERVED A STUDENT BODY OF 1,281 AVERAGE FTES FOR THE FALL 2023. GRADUATED A TOTAL OF (383) STUDENTS WITH ASSOCIATE DEGREES IN: NURSING (116), HEALTH INFORMATION TECHNOLOGY (2), RADIOLOGIC TECHNOLOGY (26), HEALTH SCIENCES (1); BACHELOR'S DEGREES IN: NURSING (109), HEALTH ADMINISTRATION (17), MEDICAL IMAGING (29), BIOLOGY (4); AND MASTERS IN: SCIENCE OF NURSING (12), PHYSICIAN ASSISTANT (19), HEALTHCARE ADMINISTRATION (19); POST-BACHELOR'S CERTIFICATION IN HEALTHCARE LEADERSHIP (44); POST-MASTER'S CERTIFICATION IN NURSING (1).

Program 2

Expenses: $455,791 Revenue: $189,510

ISSUED CERTIFICATES TO (90) CERTIFIED EDUCATION COMPLETORS. HEALTHCARE MANAGEMENT (25), POLYSOMNOGRAPHIC (4), PARAMEDIC (10), MEDICAL CODING (6), IMAGING QUALITY AND SAFETY (30), COMPUTED TOMOGRAPHY...

Program 3

Expenses: $0 Revenue: $0

SERVED THE COMMUNITY THROUGH HEALTH AND WELLNESS EDUCATION PROGRAMS IN THE COMMUNITY.

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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 (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

Governance

Voting Members

Independent Members

Employees

216

Volunteers

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

$348,060

Total Directors

$2,334,559

Key Employees

Highest Compensated

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