INDEPENDENCE, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MERCY DEVELOPMENT FOUNDATION, founded in 2011, is a small nonprofit that reported $908K in total revenue in fiscal year 2020. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $268K, a strong 30% operating margin.
AS A CATHOLIC HEALTHCARE ORGANIZATION, THE MISSION OF CLEVELAND CLINIC MERCY HOSPITAL AND THE DEVLOPMENT FOUNDATION ARE THE SAME; TO CONTINUE CHRIST'S HEALING MINISTRY BY PROVIDING QUALITY, COMPASSIONATE, ACCESSIBLE AND AFFORDABLE CARE TO THE WHOLE PERSON - REGARDLESS OF ABILITY TO PAY.
IN 2020, MERCY DEVELOPMENT FOUNDATION SOLICITED 6,218 GIFTS FROM 1,356 INDIVIDUALS, BUSINESSES, CORPORATIONS, ORGANIZATIONS, FOUNDATIONS AND GOVERNMENT AGENCIES. THESE DOLLARS SUPPORTED CAPITAL AND...
IN 2020, MERCY DEVELOPMENT FOUNDATION SOLICITED 6,218 GIFTS FROM 1,356 INDIVIDUALS, BUSINESSES, CORPORATIONS, ORGANIZATIONS, FOUNDATIONS AND GOVERNMENT AGENCIES. THESE DOLLARS SUPPORTED CAPITAL AND PROGRAMMING NEEDS OF CLEVELAND CLINIC MERCY HOSPITAL. SOME OF THE PROGRAMS SUPPORTED INCLUDED COVID EXPENDITURES, MORGUE EXPANSION PROJECT, DENTAL CLINIC, CANCER CENTER, CARDIOLOGY PROGRAMS IN MASSILLON, SEXUAL ASSAULT AND VICTIMS OF CRIME, MISSION AND MINISTRY OUTREACH AND AREAS OF GREATEST NEED. THE MERCY DEVELOPMENT FOUNDATION (MDF) SERVES IN AN ADVISORY ROLE TO THE MERCY SERVICE LEAGUE WHICH IS A SEPARATE 501(C)(3). IN 2020, THE MERCY SERVICE LEAGUE PRESENTED A DONATION OF $160,000 FOR ESTABLISHMENT OF A CLINICAL DECISION UNIT, A PART OF THE FACILITY TRANSFORMATION PROJECT, FROM THE PROCEEDS OF THE 2019 HARVEST BALL. IN ADDITION, THE MERCY SERVICE LEAGUE PRESENTED A DONATION OF $240,000 FOR THE SUPPORT OF CLEVELAND CLINIC MERCY HOSPITAL'S CANCER PATIENTS WHO ARE EXPERIENCING FINANCIAL HARDSHIP. THE STAFF OF THE FOUNDATION WORKED WITH THE MERCY SERVICE LEAGUE MEMBERS ON A FUNDRAISER CALLED HOPE AND HEROES WITH THE PROCEEDS BENEFITTING MERCY'S FRONTLINE CAREGIVERS BEING IMPACTED BY THE STRESS OF COVID.THE FOUNDATION'S STAFF RESEARCHES, PREPARES AND SUBMITS GRANTS IN SUPPORT OF THE NEEDS OF CLEVELAND CLINIC MERCY HOSPITAL. THROUGH THE FOUNDATION'S EFFORTS, MERCY HOSPITAL WAS DIRECTLY AWARDED A FEMA (FEDERAL EMERGENCY MANAGEMENT AGENCY)/OEMA (OHIO EMERGENCY MANAGEMENT AGENCY) GRANT IN RESPONSE TO HOSPITAL EXPENSES INCURRED DUE TO THE COVID PANDEMIC. MERCY ALSO WAS AWARDED A VICTIMS OF CRIME ACT (VOCA) GRANT FROM THE OFFICE OF THE ATTORNEY GENERAL. THIS GRANT SUPPORTS THE EFFORTS OF THE HEALING AFTER VIOLENT ENCOUNTERS NETWORK (HAVEN) WHICH PROVIDES MEDICAL FORENSIC NURSING CARE AND SUPPORT TO INDIVIDUALS IMPACTED BY VIOLENCE, ELDER ABUSE AND NEGLECT, DOMESTIC VIOLENCE, HUMAN TRAFFICKING AND SEXUAL ASSAULT. THE FOUNDATION ALSO WORKS WITH THE OHIO DEPARTMENT OF HEALTH TO SUPPORT WOMEN, INFANTS AND CHILDREN [WIC] PROGRAM THAT PROVIDES MEDICAL AND NUTRITIONAL CARE IN CARROLLTON, OHIO FOR MERCY'S OFFSITE LOCATION IN AN UNDERSERVED AREA. SPECIFIC 2020 PROGRAM SERVICE ACCOMPLISHMENTS INCLUDED:MERCY CHARITY CLAYS - DUE TO THE COVID PANDEMIC, THIS EVENT WAS HELD IN SEPTEMBER AT ONE OF THE MOST PRESTIGIOUS COURSES IN THE MIDWEST - HILL 'N DALE CLUB IN MEDINA. THE PROCEEDS FROM THIS EVENT BENEFITED THE HOSPITAL'S AREA OF GREATEST NEED.FORE MERCY'S SAKE - MERCY DEVELOPMENT FOUNDATION COORDINATES THIS ANNUAL GOLF OUTING WITH THE PROCEEDS BENEFITTING MERCY INTERNATIONAL MISSION OUTREACH (MIMO) AND THE HOSPITAL'S AREA OF GREATEST NEED. MIMO IS AN ANNUAL MEDICAL MISSION TRIP TO AN UNDERDEVELOPED COUNTRY. THE TRIP WAS CANCELLED IN 2020 DUE TO THE COVID PANDEMIC.2020 CAMPAIGN OF CARING - KEEPERS OF THE MISSION: HONORING HEALTHCARE HEROES - THIS EFFORT IS THE FOUNDATION'S ANNUAL APPEAL TO HOSPITAL EMPLOYEES, COMMUNITY DONORS AND BOARD MEMBERS. THE PROCEEDS FROM THE ANNUAL APPEAL BENEFIT THE HOSPITAL'S AREA OF GREATEST NEED. DONOR CULTIVATION AND STEWARDSHIP ACTIVITIES INCLUDE MERCY'S FOUNDERS DAY MASS AND BRUNCH IN THE LATER PART OF SEPTEMBER COMMEMORATING THE HOSPITAL'S FOUNDING DATE OF SEPTEMBER 24. THIS EVENT WAS CANCELLED DUE TO THE COVID PANDEMIC IN 2020. INVITATIONS WERE MODIFIED TO EXPRESS GRATITUDE TO OUR DONORS AND A PRAYER CARD WAS ADDED.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $907,843 | $627,728 | +0.4% |
| Expenses | $639,479 | $557,640 | +0.1% |
| Net Income | $268,364 | $70,088 | +2.8% |
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 |
|---|---|---|---|---|---|---|
| THOMAS J STRAUSS | BOARD MEMBER | 2.00 |
Officer
Director
|
$0 | $67,942 | $1,100,097 |
| JAMESETTA LEWIS | BOARD MEMBER | 1.00 |
Director
|
$0 | $33,098 | $475,029 |
| DAVID STEWART | TREASURER | 2.00 |
Officer
Director
|
$0 | $44,292 | $404,151 |
| MARK COTLEUR | BOARD MEMBER | 1.00 |
Director
|
$0 | $51,583 | $305,369 |
| THOMAS TURNER | PRESIDENT | 20.00 |
Officer
Director
|
$0 | $45,057 | $274,769 |
| MICHAEL H LINZ MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $24,660 |
| THOMAS PAUMIER DDS | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $2,000 |
| DONALD PETERSON III | IMMEDIATE PAST CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEE ANN THORN | VICE CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN PRELAC | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAROLYN CAPUANO HM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY COLANER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RICHARD CROASDAILE JR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RONALD CROCK MD | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER A DILORETO | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT FITZPATRICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DENNIS FULMER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA R GANSER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MONSIGNOR JAMES KOLP | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JACK B LIBERATOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JONI LOCKE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUISE F MAHONEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RYAN MCGRAW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFF MERRIMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GAIL MOORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| TERRY A MOORE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEAN OLIVIERI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL RACINE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MATT SAVAGE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE SEANOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID C THOMSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN M TUCKER | ASST TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARK WILHELM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE WILLIAMS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| FONDA WILLIAMS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2020 | $907,843 | $639,479 | $2,764,146 | $268,364 |
| 2019 | $627,728 | $557,640 | $1,837,844 | $70,088 |
| 2018 | $1,014,884 | $462,918 | $1,993,786 | $551,966 |
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