Mercy Health System Corporation (EIN 390816848) - 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

1972

Legal Domicile

Phone

6087566000

Tax Period

2022-07-01 to 2023-06-30

Mercy Health System Corporation, founded in 1972, is a major nonprofit in the Health Care sector that reported $685.9M in total revenue in fiscal year 2022. Expenses of $626.6M left a modest 9% surplus.

Mission

EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER.

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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 (2022)

Revenue Breakdown

Contributions & Grants $719,258

Program Service Revenue $672,076,926

Investment Income $6,641,987

Other Revenue $6,480,342

TOTAL REVENUE $685,918,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $352,939,822

Fundraising Expenses $0

Program Expenses $495,391,182

Other Expenses $273,680,850

TOTAL EXPENSES $626,620,672

Year-over-Year Comparison

	2022	2021	Change
Revenue	$685,918,513	$657,550,084	+0.0%
Expenses	$626,620,672	$611,346,497	+0.0%
Net Income	$59,297,841	$46,203,587	+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

Governance

Voting Members

Independent Members

Employees

3934

Volunteers

229

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

$16,287,256

Total Directors

$12,184,371

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	president/CEO (see schedule J, pages 57 - 59)	60.0	Officer Director	$11,130,143	$430,877	$11,561,020
N/A	Chair & Director	1.0	Officer Director	$19,324	$0	$19,324
N/A	Secretary & Treasurer	1.0	Officer Director	$12,086	$0	$12,086
N/A	Vice Chair & Director	1.0	Officer Director	$13,500	$0	$13,500
N/A	Director	1.0	Director	$17,334	$0	$17,334
N/A	Director	1.0	Director	$13,500	$0	$13,500
N/A	Director/Physician	55.0	Director	$504,123	$29,529	$533,652
N/A	Director	1.0	Director	$13,955	$0	$13,955
N/A	VICE-PRESIDENT	55.0	Officer	$428,029	$41,654	$469,683
N/A	VICE-PRESIDENT	55.0	Officer	$353,271	$35,619	$388,890
N/A	VICE-PRESIDENT	55.0	Officer	$139,858	$271	$140,129
N/A	VICE-PRESIDENT	55.0	Officer	$415,702	$55,518	$471,220
N/A	VICE-PRESIDENT	55.0	Officer	$423,661	$41,421	$465,082
N/A	VICE-PRESIDENT	55.0	Officer	$474,963	$30,284	$505,247
N/A	VICE-PRESIDENT	55.0	Officer	$427,358	$31,704	$459,062
N/A	VP - Revenue Cycle	55.0	Officer	$499,300	$64,924	$564,224
N/A	Vice-President	55.0	Officer	$272,945	$39,540	$312,485
N/A	VICE PRESIDENT/CFO	55.0	Officer	$828,491	$76,813	$905,304
N/A	Physician	40.0	Highest	$1,161,544	$58,409	$1,219,953
N/A	Physician	40.0	Highest	$1,296,873	$63,159	$1,360,032
N/A	Physician	40.0	Highest	$1,213,836	$49,149	$1,262,985
N/A	Physician	40.0	Highest	$1,176,020	$49,435	$1,225,455
N/A	Physician	40.0	Highest	$1,863,835	$53,050	$1,916,885
N/A	former VICE-PRESIDENT	0.0		$213,871	$34,294	$248,165

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$685,918,513	$626,620,672	$870,399,620	$59,297,841
2022	$657,550,084	$611,346,497	$808,356,005	$46,203,587
2021	$709,321,599	$627,096,091	$776,760,147	$82,225,508

Mercy Health System Corporation