Mercy Health System Corporation

EIN: 390816848 501(c)(3) Health Care

JANESVILLE, WI

Total Revenue
$685,918,513
Total Expenses
$626,620,672
Total Assets
$870,399,620
Net Assets
$500,402,261
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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
WI
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

THE MISSION OF MERCY HEALTH SYSTEM CORPORATION (MHSC) IS TO PROVIDE EXCEPTIONAL HEALTH CARE SERVICES WITH A PASSION FOR MAKING LIVES BETTER.

Program Service Accomplishments

Program 1
Expenses: $495,391,182 Revenue: $653,962,693

HOSPITAL DISCHARGES 7,085, NURSING HOME ADMISSIONS 213, BIRTHS 825, OUTPATIENT VISITS 1,056,195. MHSC CONTINUES ITS TRADITION OF GIVING BACK TO EACH OF THE COMMUNITIES WE SERVE IN A WIDE VARIETY OF...

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HOSPITAL DISCHARGES 7,085, NURSING HOME ADMISSIONS 213, BIRTHS 825, OUTPATIENT VISITS 1,056,195. MHSC CONTINUES ITS TRADITION OF GIVING BACK TO EACH OF THE COMMUNITIES WE SERVE IN A WIDE VARIETY OF FASHIONS. ONE OF THE LARGER AREAS OF CONTRIBUTION IS IN THE AREA OF PUBLIC HEALTH SERVICES. THIS INCLUDES EXTENSIVE DONATIONS OF TIME AND SUPPLIES TO HEALTHNET OF ROCK COUNTY, A LARGE FREE PRIMARY CARE CLINIC SERVING THE REGION. MORE THAN EIGHTY PERCENT OF THE PHYSICIAN SERVICES PROVIDED AT THE CLINIC ARE SUPPLIED THROUGH MHSC. WE HAVE A SIMILAR COMMITMENT TO OPEN ARMS FREE CLINIC THAT SERVICES LOW INCOME RESIDENTS IN WALWORTH COUNTY. ADDITIONALLY, WE PROVIDE HEALTH SCREENING AND RELATED SERVICES AT NUMEROUS EVENTS IN ROCK AND WALWORTH COUNTIES IN WISCONSIN AND MCHENRY COUNTY IN ILLINOIS. MHSC ALSO PROVIDES FINANCIAL AND IN KIND CONTRIBUTIONS TO OTHER PRIVATE AND NOT FOR PROFIT HEALTH RELATED AGENCIES AND ORGANIZATIONS IN OUR SERVICE AREA. BENEFICIARIES INCLUDED BUT ARE NOT LIMITED TO THE AMERICAN HEART ASSOCIATION, AMERICAN CANCER SOCIETY, UNITED WAY ORGANIZATIONS IN ROCK, WALWORTH, AND MCHENRY COUNTIES, YWCA CARE HOUSE, YMCA, AMERICAN LUNG ASSOCIATION, WALWORTH COUNTY ALLIANCE FOR CHILDREN, TURNING POINT WOMEN'S CENTER IN MCHENRY, OPEN ARMS FREE CLINIC, AND THE RED CROSS, TO NAME JUST A FEW RECIPIENTS. MHSC ALSO ENCOURAGES ITS PARTNERS (EMPLOYEES) TO DONATE THEIR TIME AND ENERGY TO SUPPORT A WHOLE HOST OF COMMUNITY BASED CAUSES. THOUSANDS OF HOURS EACH YEAR ARE DONATED TO NOT FOR PROFIT AND PUBLIC AGENCIES THROUGHOUT OUR SERVICE AREA. EXAMPLES OF VOLUNTEER ACTIVITIES BEING SUPPORTED INCLUDE NURSING SERVICES AT COMMUNITY AND FREE CLINICS THROUGHOUT THE REGION, MEALS ON WHEELS DELIVERY ACTIVITIES, ACTIVE INVOLVEMENT AS GOVERNING BOARD MEMBERS FOR SUCH ORGANIZATIONS AS UNITED WAY, CRIME STOPPERS, ROTARY BOTANICAL GARDENS, HEALTHNET, AND MANY OTHER ORGANIZATIONS. ANOTHER EXAMPLE OF MHSC'S COMMITMENT TO COMMUNITY IS ITS SUPPORT OF THE OPERATIONS THROUGH OFFERING SAFE RESIDENCE TO HOMELESS WOMEN AND THEIR CHILDREN AT THE HOUSE OF MERCY HOMELESS CENTER. IT OPENED IN 1996 AND SERVES ABOUT 255 INDIVIDUALS A YEAR, MANY WHO ARE CHILDREN. THE CENTER OFFERS A SAFE HARBOR FOR THESE INDIVIDUALS AS WELL AS CASE MANAGEMENT, ASSISTANCE WITH JOB SEARCHES, FINDING PERMANENT HOUSING AND EDUCATION.

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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 (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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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
6
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
14
$16,287,256
Total Directors
8
$12,184,371
Key Employees
0
$0
Highest Compensated
5
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
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