MERCY HOSPITAL OF FRANCISCAN SISTERS INC

EIN: 421178403 501(c)(3) Health Care

OELWEIN, IA

Total Revenue
$20,249,826
Total Expenses
$16,699,873
Total Assets
$33,222,471
Net Assets
$16,780,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
IA
Principal Officer
RYAN MEYER
Phone
3192836000
Tax Period
2024-07-01 to 2025-06-30

MERCY HOSPITAL OF FRANCISCAN SISTERS INC, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $20.2M in total revenue in fiscal year 2024. The organization ran a surplus of $3.5M, a strong 18% operating margin.

Mission

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

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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 $41,930
Program Service Revenue $20,049,490
Investment Income $23,557
Other Revenue $134,849
TOTAL REVENUE $20,249,826

Expense Breakdown

Grants Paid $33,802
Salaries & Benefits $6,300,809
Fundraising Expenses $0
Program Expenses $13,628,095
Other Expenses $10,365,262
TOTAL EXPENSES $16,699,873

Year-over-Year Comparison

2024 2023 Change
Revenue $20,249,826 $19,017,519 +0.1%
Expenses $16,699,873 $15,622,341 +0.1%
Net Income $3,549,953 $3,395,178 +0.0%
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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Governance

Voting Members
8
Independent Members
3
Employees
N/A
Volunteers
35

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
5
$1,576,714
Total Directors
9
$2,956,199
Key Employees
3
$1,430,221
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KURT ANDERSEN MD DIRECTOR AS OF 1/25; PRES CENTRAL IA 1.00
Director
$0 $245,442 $1,931,294
JACK DUSENBERY FORMER OFFICER 0.00
$0 $21,700 $728,110
MATTHEW SOJKA MD VP, MEDICAL AFFAIRS 3.00
Key Emp
$0 $51,050 $653,042
RYAN MEYER COO 3.00
Officer
$0 $104,768 $557,288
RACHELLE MAKINDE MD DIR; V CHAIR AS OF 12/24; PHYSICIAN 1.00
Officer Director
$0 $55,526 $544,631
KELLY RICHARDS CHIEF NURSING OFFICER 3.00
Key Emp
$0 $48,284 $504,948
BRIAN BURNETT MD DIRECTOR; PHYS - FAMILY MEDICINE 1.00
Director
$0 $61,569 $480,274
TIMOTHY HUBER ASSISTANT TREASURER; VP OF FINANCE 3.00
Officer
$0 $56,525 $397,268
JILL GROTH VP, SITE ADMINISTRATOR 15.00
Key Emp
$0 $36,331 $272,231
MARIUS BALOLA PHARMACIST 40.00
Highest
$0 $58,879 $180,350
SHAWN SCHOULTZ REGISTERED NURSE 40.00
Highest
$0 $23,127 $148,745
ALLISON INGELS RADIOLOGY SUPERVISOR 40.00
Highest
$0 $8,642 $133,192
MARLA WARNKE REGISTERED NURSE 40.00
Highest
$0 $30,570 $130,970
CANDACE KING MANAGER PATIENT CARE 40.00
Highest
$0 $5,565 $108,431
NANCY SCHAEFER ASSISTANT SECRETARY; EXEC ASSISTANT 1.00
Officer
$0 $5,194 $77,527
DAVID DEAVER DIRECTOR; CHAIR 1.00
Officer Director
$0 $0 $0
SANDRA BENAK DIRECTOR 1.00
Director
$0 $0 $0
BRYAN BURTON DIRECTOR AS OF 1/25 1.00
Director
$0 $0 $0
NANCY KERTZ DIRECTOR AS OF 1/25 1.00
Director
$0 $0 $0
ALAN KRUGER DIRECTOR THROUGH 12/24 1.00
Director
$0 $0 $0
CAROL TOUSLEY DIRECTOR 1.00
Director
$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 $20,249,826 $16,699,873 $33,222,471 $3,549,953
2024 No data No data No data No data
2023 $13,770,760 $15,128,106 $13,156,742 $-1,357,346
2022 $13,669,168 $15,592,647 $6,618,301 $-1,923,479
2021 $15,631,490 $14,015,275 $6,687,810 $1,616,215
2020 $15,874,732 $14,173,337 $7,490,055 $1,701,395
2019 $16,183,427 $13,692,278 $7,744,565 $2,491,149
2018 $13,893,156 $14,464,816 $7,906,604 $-571,660
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