CEDAR RAPIDS, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MERCY MEDICAL CENTER, founded in 1900, is a major nonprofit in the Health Care sector that reported $478.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.
TO CARE FOR THE SICK AND ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, GUIDED BY THE SPIRIT OF THE SISTERS OF MERCY.
MERCY MEDICAL CENTER (HOSPITAL) PROVIDES MEDICAL HEALTH CARE, INCLUDING 24 HOURS A DAY, SEVEN DAYS A WEEK TRAUMA CENTER SERVICE, TO ALL PATIENTS ACCESSING THE SYSTEM, REGARDLESS OF RACE, CREED, SEX...
MERCY MEDICAL CENTER (HOSPITAL) PROVIDES MEDICAL HEALTH CARE, INCLUDING 24 HOURS A DAY, SEVEN DAYS A WEEK TRAUMA CENTER SERVICE, TO ALL PATIENTS ACCESSING THE SYSTEM, REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. A PATIENT IS CLASSIFIED AS A CHARITY PATIENT BY REFERENCE TO CERTAIN ESTABILISHED POLICIES OF THE HOSPITAL. ESSENTIALLY, THESE POLICIES DEFINE CHARITY SERVICES AS THOSE SERVICES FOR WHICH NO OR NOMINAL PAYMENT IS ANTICIPATED. ADDITIONALLY, EACH HOSPITAL DEPARTMENT ACCEPTS ALL PATIENTS WHO ARE COVERED BY GOVERNMENTAL INDIGENT PROGRAMS. SUCH INDIGENT PROGRAMS TYPICALLY REMIT AMOUNTS SUBSTANTIALLY LESS THAN CHARGES. THE FOLLOWING SUMMARIZES THE HOSPITAL'S CARE OF THE UNINSURED AND UNDERINSURED. COSTS IN EXCESS OF MEDICARE REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICARE) - $42,540,000; OTHER COMMUNITY BENEFITS (INCLUDES SUBSIDIZED HEALTH SERVICES, FINANCIAL CONTRIBUTIONS) - $3,855,000; FREE SERVICE (TO PATIENTS WHO MEET MERCY'S FREE-SERVICE GUIDELINES) - $4,590,000; COSTS IN EXCESS OF MEDICAID REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICAID) - $14,380,000, PHYSICIAN EDUCATION - $(682,000). IN ADDITION, CHARITY CARE AND COMMUNITY SERVICE ARE PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR. THESE PROGRAMS PROVIDE A BONA FIDE COMMUNITY HEALTH NEED, INCLUDING: A. PUBLIC AND PROFESSIONAL EDUCATIONAL SEMINAR ARE OFFERED ON A VARIETY OF TOPICS INCLUDING JOINT REPLACEMENT SURGERY, PRENATAL EDUCATION, DIABETES, MENTAL HEALTH DISORDERS, AND NUMEROUS OTHER MEDICAL CONDITIONS OF MEDICAL AND PSYCHOSOCIAL NATURE. SPECIALIZED CANCER SEMINARS ARE ALSO OFFERED. B. HOSPITAL MEETING FACILITIES WHICH ARE FREQUENTLY USED WITHOUT CHARGE BY SUCH GROUPS AS THE AMERICAN HEART ASSOCIATION, IOWA BREAST CANCER FOUNDATION, HEALTHY LINN NETWORK ADVISORY COMMITTEE, OVEREATERS ANONYMOUS, CATHOLIC LAYMEN, UNITED WAY, CATHERINE MCAULEY CENTER FOR WOMEN, THE AMERICAN CANCER SOCIETY. M.S. SUPPORT GROUP, EASTERN IOWA ONCOLOGY NURSES SOCIETY, THE IOWA CANCER CONSORTIUM, THE PARENT EDUCATION CONSORTIUM, ARC OF EAST CENTRAL IOWA, AND SEVERAL OTHER GROUPS. C. CONTRIBUTIONS OF APPROXIMATELY 96,986 HOURS TOWARD THE COMMON PURPOSE OF SERVING THE HEALTH CARE OF THE COMMUNITY. THE VALUE OF THESE CONTRIBUTIONS WAS APPROXIMATELY $1,487,000 AND WAS GIVEN BACK TO THE COMMUNITY THROUGH LOWER COSTS.
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 | $478,815,186 | $435,705,307 | +0.1% |
| Expenses | $488,223,931 | $456,035,429 | +0.1% |
| Net Income | $-9,408,745 | $-20,330,122 | -0.5% |
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 |
|---|---|---|---|---|---|---|
| TIMOTHY QUINN MD | PRESIDENT & CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
Director
|
$709,298 | $85,903 | $795,201 |
| JOHN-PAUL BESONG | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| LYDIA BROWN | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHELE BUSSE | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| BOB CATALDO | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS DEWOLF | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| BARRIE ERNST | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| TONY GOLOBIC | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER LUANN HANNASCH | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| NANCY KASPAREK | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER SHARON KERRIGAN | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| BARB KNAPP | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER TERRY MALTBY | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| CHERYLE MITVALSKY | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DARREL MORF | VICE CHAIRMAN/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RUE PATEL | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED PILCHER MD | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| MARY QUASS | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN RIFE | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES ROHDE | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| AL RUFFALO | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE SKOGMAN | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN SMITH | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| SISTER MAURITA SOUKUP | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANN STROH | MEMBER BOARD OF TRUSTEES | 1.00 |
Director
|
$0 | $0 | $0 |
| NATHAN VAN GENDEREN | EXECUTIVE VICE PRESIDENT & CFO/COO | 40.00 |
Officer
|
$491,544 | $66,834 | $558,378 |
| NANCY HILL | CHIEF TALENT OFFICER | 40.00 |
Key Emp
|
$325,587 | $41,557 | $367,144 |
| JEFFREY CASH | CHIEF INFORMATION OFFICER | 40.00 |
Key Emp
|
$340,132 | $52,032 | $392,164 |
| MARY BROBST | FORMER CHIEF NURSING OFFICER | 40.00 |
Key Emp
|
$322,299 | $20,123 | $342,422 |
| TONY MYERS MD | CHIEF MEDICAL OFFICER | 40.00 |
Key Emp
|
$429,220 | $66,068 | $495,288 |
| AMANDEEP DHALIWAL MD | PHYSICIAN | 40.00 |
Highest
|
$1,315,465 | $29,443 | $1,344,908 |
| SACHIN GOYAL MD | PHYSICIAN | 40.00 |
Highest
|
$1,332,795 | $7,689 | $1,340,484 |
| CHONG C LEE MD | PHYSICIAN | 40.00 |
Highest
|
$1,987,567 | $32,695 | $2,020,262 |
| BARAKAT ABURAJAB ALTAMIMI MD | PHYSICIAN | 40.00 |
Highest
|
$1,276,722 | $35,382 | $1,312,104 |
| SHANE A GAILUSHAS MD | PHYSICIAN | 40.00 |
Highest
|
$1,370,136 | $40,232 | $1,410,368 |
| TIMOTHY L CHARLES | FORMER PRESIDENT & CHIEF EXECUTIVE OFFICER | 40.00 |
|
$737,385 | $427 | $737,812 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $478,815,186 | $488,223,931 | $728,179,406 | $-9,408,745 |
| 2023 | $435,705,307 | $456,035,429 | $714,937,396 | $-20,330,122 |
| 2022 | $418,379,415 | $412,756,686 | $716,000,674 | $5,622,729 |
| 2021 | $391,822,249 | $374,188,407 | $779,545,378 | $17,633,842 |
| 2020 | $356,239,864 | $351,548,767 | $664,794,237 | $4,691,097 |
| 2019 | $347,999,069 | $341,581,015 | $591,175,878 | $6,418,054 |
| 2018 | $341,273,386 | $334,499,790 | $573,230,191 | $6,773,596 |
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