MERCY FOUNDATION INC

EIN: 363227350 501(c)(3) Philanthropy & Grantmaking

MAYWOOD, IL

Total Revenue
$717,103
Total Expenses
$30,574
Total Assets
$6,867,379
Net Assets
$6,867,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
IL
Principal Officer
MICHAEL PRISBY
Phone
7086813200
Tax Period
2024-07-01 to 2025-06-30

MERCY FOUNDATION INC, founded in 1983, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $717K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $687K, a strong 96% operating margin.

Mission

WE, MERCY HEALTH SYSTEM OF CHICAGO AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.MERCY FOUNDATION IS A MEMBER OF MERCY HEALTH SYSTEM OF CHICAGO AND TRINITY HEALTH.

Program Service Accomplishments

Program 1
Expenses: $19,500 Revenue: $0

MERCY FOUNDATION BEGAN IN 1983 AND IS LOCATED IN CHICAGO, ILLINOIS. THE FOUNDATION WAS THE FUNDRAISING ARM OF MERCY HEALTH SYSTEM OF CHICAGO. MERCY HEALTH SYSTEM OF CHICAGO IS IN WIND DOWN AFTER THE...

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MERCY FOUNDATION BEGAN IN 1983 AND IS LOCATED IN CHICAGO, ILLINOIS. THE FOUNDATION WAS THE FUNDRAISING ARM OF MERCY HEALTH SYSTEM OF CHICAGO. MERCY HEALTH SYSTEM OF CHICAGO IS IN WIND DOWN AFTER THE SALE OF MERCY HOSPITAL AND MEDICAL CENTER ON MAY 31, 2021. A RESOLUTION HAS BEEN ADOPTED BY THE MERCY FOUNDATION TO TRANSFER UNRESTRICTED FUNDS TO OTHER 501(C)(3) ORGANIZATIONS WHICH WILL HONOR MERCY HEALTH AND MEDICAL CENTER'S LEGACY AND SERVE THE COMMUNITIES IN WHICH MERCY HOSPITAL AND MEDICAL CENTER OPERATED. A PLAN IS IN PROCESS TO DETERMINE WHAT CAN BE DONE WITH THE RESTRICTED FUNDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $717,103
Other Revenue $0
TOTAL REVENUE $717,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $19,500
Other Expenses $30,574
TOTAL EXPENSES $30,574

Year-over-Year Comparison

2024 2023 Change
Revenue $717,103 $531,687 +0.3%
Expenses $30,574 $19,803 +0.5%
Net Income $686,529 $511,884 +0.3%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$4,214,355
Total Directors
3
$4,214,355
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BENJAMIN CARTER DIR; CHAIR; PRES; TH EVP & COO 1.00
Officer Director
$0 $52,582 $3,488,982
JOHN CAPASSO FORMER OFFICER 0.00
$0 $10,299 $436,680
MICHAEL PRISBY DIRECTOR; TREASURER 1.00
Officer Director
$0 $52,890 $405,496
JEFFREY MATHIS DIRECTOR; SECRETARY; GENERAL COUNSEL 1.00
Officer Director
$0 $35,973 $319,877
SILIA MIGLIO FORMER OFFICER; TH CONSULTANT 0.00
$0 $21,584 $317,217
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
2025 $717,103 $30,574 $6,867,379 $686,529
2024 $531,687 $19,803 $6,180,850 $511,884
2023 $122,424 $1,009,783 $5,668,966 $-887,359
2022 $369,632 $40,284 $6,556,325 $329,348
2021 $126,604 $260,048 $7,482,600 $-133,444
2020 $211,131 $189,363 $7,355,996 $21,768
2019 $505,981 $316,532 $7,313,020 $189,449
2018 $846,141 $610,577 $7,252,279 $235,564
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