MHIC (EIN 420680391) - 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

1873

Legal Domicile

Principal Officer

DAN CHILDERS

Phone

3193390300

Tax Period

2024-07-01 to 2025-06-30

MHIC, founded in 1873, is a mid-sized nonprofit in the Health Care sector that reported $11.3M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $6.4M, a strong 57% operating margin.

Mission

PRIOR TO CLOSURE, MERCY'S MISSION WAS TO HEAL AND COMFORT THE SICK AND IMPROVE THE HEALTH OF THE COMMUNITY IN THE SPIRIT OF JESUS CHRIST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,528,937

Investment Income $63,395

Other Revenue $7,678,265

TOTAL REVENUE $11,270,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,866,854

TOTAL EXPENSES $4,866,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,270,597	$19,700,122	-0.4%
Expenses	$4,866,854	$124,602,433	-1.0%
Net Income	$6,403,743	$-104,902,311	-1.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN CHILDERS	PRESIDENT/SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARC ROSS	FINANCIAL ADVISOR TO MHLT	1.00	Officer	$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
2025	$11,270,597	$4,866,854	$10,346,344	$6,403,743
2024	$19,700,122	$124,602,433	$43,990,746	$-104,902,311
2023	$164,462,075	$193,174,817	$160,030,077	$-28,712,742
2022	$177,018,605	$193,835,584	$209,423,313	$-16,816,979
2021	$193,280,238	$182,828,790	$261,026,318	$10,451,448
2020	$173,374,992	$176,040,298	$259,707,250	$-2,665,306
2019	$171,927,524	$157,246,302	$263,566,195	$14,681,222
2018	$171,944,431	$149,532,683	$270,071,844	$22,411,748

MHIC