ROCKFORD, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MERCYHEALTH DEVELOPMENT FOUNDATION INC, founded in 1982, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.9M in total revenue in fiscal year 2023. Revenue surged 311% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 77% operating margin.
THE MISSION OF MERCYHEALTH DEVELOPMENT FOUNDATION, INC. IS "EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER". WITH A VISION OF QUALITY - EXCELLENCE IN PATIENT CARE, SERVICE - EXCEPTIONAL PATIENT AND CUSTOMER CARE, PARTNERING - BEST PLACE TO WORK AND - COST-EFFECTIVE CARE AND A COMMITMENT TO THE VALUES OF: HEALING IN THE BROADEST SENSE, PATIENTS COME FIRST, TREAT EACH OTHER LIKE FAMILY AND ALWAYS SEEK EXCELLENCE. THE MERCYHEALTH DEVELOPMENT FOUNDATION, INC. ASSISTS IN THIS MISSION BY USING ITS RESOURCES TO SUPPORT ALL AFFILIATED ENTITIES TO HELP THEM FULFILL THEIR COMMITMENT TO THIS MISSION.
MERCYHEALTH DEVELOPMENT FOUNDATION, INC. (MHDF) IS A NOT-FOR-PROFIT CHARITABLE INSTITUTION THAT FUNCTIONS IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS. IN THE COURSE OF ITS OPERATIONS, MHDF...
MERCYHEALTH DEVELOPMENT FOUNDATION, INC. (MHDF) IS A NOT-FOR-PROFIT CHARITABLE INSTITUTION THAT FUNCTIONS IN ACCORDANCE WITH ALL APPLICABLE LAWS AND REGULATIONS. IN THE COURSE OF ITS OPERATIONS, MHDF IS COMMITTED TO PROVIDING SUPERIOR CARE BY USING ITS RESOURCES TO SUPPORT ALL THE AFFILIATES FOR MHC. IN FY2024 ENDOWMENTS AND RESTRICTED FUNDS PROVIDED EDUCATION AND TRAINING FOR EMPLOYEES THROUGHOUT THE HEALTH SYSTEM INCLUDING TRAINING AND CONFERENCES FOR HOSPITALISTS. IN ADDITION, RESTRICTED GIFTS AND ENDOWMENTS HELPED FUND PATIENT EXPENSES FOR INDIGENT INDIVIDUALS, TRANSPORTATION FOR CANCER PATIENTS UNDERGOING TREATMENT, AND EQUIPMENT AND SUPPLIES NEEDED IN THE NICU, AND EQUIPMENT THROUGHOUT THE SYSTEM. DONATIONS FROM THE AUXILIARY ASSISTED WITH THE OPERATIONS OF THE RONALD MCDONALD CARE MOBILE, NURSING SCHOLARSHIPS FOR MINORITY STUDENTS, PET THERAPY, RADIOLOGY SCHOOL ASSISTANCE, NEW TREADMILLS FOR CARDIOLOGY REHAB AND VARIOUS IMPROVEMENT PROJECTS.
THROUGH CHARITABLE CONTRIBUTIONS, THE FOUNDATION SUPPORTS THE RONALD MCDONALD CARE MOBILE STAFFED AND OPERATED BY MERCYHEALTH EMPLOYEES, WHICH PROVIDES FREE MEDICAL CARE TO UNINSURED AND UNDERINSURED...
THROUGH CHARITABLE CONTRIBUTIONS, THE FOUNDATION SUPPORTS THE RONALD MCDONALD CARE MOBILE STAFFED AND OPERATED BY MERCYHEALTH EMPLOYEES, WHICH PROVIDES FREE MEDICAL CARE TO UNINSURED AND UNDERINSURED CHILDREN AT MORE THAN 15 DIFFERENT SITES IN NORTHERN ILLINOIS AND SOUTHERN WISCONSIN. THE CARE MOBILE VISITS INCLUDE VACCINATIONS, MEDICAL DIAGNOSES, AND TREATMENT TO AVOID AN EMERGENCY ROOM VISIT. AN ANNUAL CHARITY BALL FUNDRAISER BENEFITS THE HOUSE OF MERCY: A HOMELESS SHELTER IN JANESVILLE. IN FY2024 THE HOUSE OF MERCY PROVIDED 10,134 SHELTER NIGHTS. A TOTAL OF 298 INDIVIDUALS (189 ADULTS AND 109 CHILDREN) WERE SERVED. OTHER FUNDRAISERS FOR THE HOUSE OF MERCY INCLUDE BOOK SALES, THE HOLIDAY ADOPT-A-FAMILY FUNDRAISER AND CONTRIBUTIONS FOR JEANS DAYS.EMS SCHOLARSHIPS AND IMAGING SCHOLARSHIPS WERE GIVIEN TO INDIVIDUALS.
IN FISCAL 2024, MHDF RAISED FUNDS FOR THE PARTNER CRISIS FUND THAT ASSISTS EMPLOYEES OF MHC AFFILIATES. THE CRISIS FUND AIDS EMPLOYEES WHO HAVE EXPERIENCED A CRISIS SUCH AS A FLOOD OR FIRE IN THEIR...
IN FISCAL 2024, MHDF RAISED FUNDS FOR THE PARTNER CRISIS FUND THAT ASSISTS EMPLOYEES OF MHC AFFILIATES. THE CRISIS FUND AIDS EMPLOYEES WHO HAVE EXPERIENCED A CRISIS SUCH AS A FLOOD OR FIRE IN THEIR HOME OR A SEVERE ILLNESS, INJURY OR DEATH OF A SPOUSE OR CHILD.MERCYHEALTH DEVELOPMENT FOUNDATION, INC. PROVIDED FUNDING ASSISTANCE FOR PATIENT CARE EXAMS AND THERAPIES, CLASSES, AND EQUIPMENT AS WELL AS PROVIDED INDIGENT INDIVIDUALS AND FAMILIES WITH FINANCIAL ASSISTANCE. DONATIONS WERE ALSO USED TO ASSIST MERCYHEALTH AT HOME, A RELATED ORGANIZATION, IN CARING FOR THE ELDERLY, THE HOMEBOUND, THE RECOVERING AND THOSE FACING END OF LIFE. IN FY24, 18 INDIVIDUALS BENEFITED FROM DONATIONS PROVIDED FOR THE AUTISM SUPPORT PROGRAM.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $8,916,066 | $2,169,295 | +3.1% |
| Expenses | $2,079,379 | $1,359,979 | +0.5% |
| Net Income | $6,836,687 | $809,316 | +7.4% |
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 |
|---|---|---|---|---|---|---|
| TODD ANDERSON | VP/CFO (TERM 01/2025) | 1.00 |
Officer
|
$0 | $87,531 | $978,066 |
| MARK L GOELZER MD | DIRECTOR/PHYSICIAN | 1.00 |
Director
|
$0 | $33,521 | $514,572 |
| KIMBERLY SCACCIA | VP-REVENUE CYCLE | 1.00 |
Officer
|
$0 | $60,588 | $605,673 |
| JAVON R BEA | PRESIDENT/CEO (SEE PAGES 41-46) | 1.00 |
Officer
Director
|
$0 | $6,756,093 | $22,757,779 |
| PATRICK O'KEEFE | CHAIRPERSON | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| CANDY THOMPSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DEB FORTUNE | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| DR MARYANNE MILLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC THORNBURG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KATHY WEBER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARC BARBEAU | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MITCHELL SHELEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHLIE MYERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM WOLFE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $8,916,066 | $2,079,379 | $50,745,703 | $6,836,687 |
| 2023 | $2,169,295 | $1,359,979 | $43,337,005 | $809,316 |
| 2022 | $2,113,503 | $1,182,422 | $40,047,311 | $931,081 |
| 2021 | $1,902,270 | $765,697 | $46,926,350 | $1,136,573 |
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