MERCY DEVELOPMENT FOUNDATION (EIN 352408321) - Form 990 Financial Analysis & Trantor Score

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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

2011

Legal Domicile

Principal Officer

THOMAS TURNER

Phone

3304891000

Tax Period

2020-01-01 to 2020-12-31

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.

Mission

MERCY DEVELOPMENT FOUNDATION IS ORGANIZED EXCLUSIVELY FOR THE BENEFIT OF MERCY MEDICAL CENTER, INC. ITS PURPOSE IS TO (1) SOLICIT FUNDS AND GIFTS FROM INDIVIDUALS, BUSINESSES, CORPORATIONS, ORGANIZATIONS, FOUNDATIONS AND THE COMMUNITY OR GOVERMENT AGENCIES, (2) RECEIVE, RECEIPT, RECORD AND ACKNOWLEDGE ALL GIFTS, (3) APPROPRIATELY MANAGE AND INVEST THESE FUNDS, AND (4) DISBURSE THESE FUNDS IN THE BEST INTEREST OF THE HOSPITAL. MERCY MEDICAL CENTER, INC. IS THE SOLE MEMBER OF MERCY DEVELOPMENT FOUNDATION. ON FEBRUARY 1, 2021, THE CLEVELAND CLINIC FOUNDATION BECAME THE SOLE MEMBER OF MERCY MEDICAL CENTER, INC. PURSUANT TO THE TERMS OF A MEMBER SUBSTITUTION AGREEMENT WITH THE SISTERS OF CHARITY OF ST. AUGUSTINE HEALTH SYSTEM, THE PRIOR SOLE MEMBER OF MERCY MEDICAL CENTER, INC. ON FEBRUARY 1, 2021, MERCY MEDICAL CENTER, INC. CHANGED ITS NAME TO CLEVELAND CLINIC MERCY HOSPITAL.

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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 (2020)

Revenue Breakdown

Contributions & Grants $911,841

Program Service Revenue $0

Investment Income $1,796

Other Revenue $-5,794

TOTAL REVENUE $907,843

Expense Breakdown

Grants Paid $137,110

Salaries & Benefits $402,291

Fundraising Expenses $341,048

Program Expenses $137,110

Other Expenses $100,078

TOTAL EXPENSES $639,479

Year-over-Year Comparison

	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%

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

N/A

Volunteers

166

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

$1,781,017

Total Directors

$2,586,075

Key Employees

Highest Compensated

reported

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

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
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

MERCY DEVELOPMENT FOUNDATION