MERCY CLINICS INC (EIN 421193699) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

JENNIFER OLSON MD

Phone

5152473224

Tax Period

2024-07-01 to 2025-06-30

MERCY CLINICS INC, founded in 1982, is a major nonprofit in the Health Care sector that reported $195.9M in total revenue in fiscal year 2024. Expenses of $242.7M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE HEALTH CARE SERVICES

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,683,715

Program Service Revenue $187,052,037

Investment Income $142,223

Other Revenue $6,036,034

TOTAL REVENUE $195,914,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $183,598,052

Fundraising Expenses $0

Program Expenses $219,965,836

Other Expenses $59,107,400

TOTAL EXPENSES $242,705,452

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,914,009	$203,262,742	0.0%
Expenses	$242,705,452	$252,340,060	0.0%
Net Income	$-46,791,443	$-49,077,318	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,413,555

Total Directors

$5,179,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT RITZ	DIRECTOR; CEO MERCY HEALTH NETWORK	1.00	Director	$0	$54,140	$2,471,013
MICHAEL WEGNER	FORMER OFFICER	0.00		$0	$455,195	$1,653,467
TROY MUNSON MD	NEUROSURGEON	50.00	Highest	$0	$44,195	$1,234,338
ESMIRALDA HENDERSON MD	NEUROSURGEON	50.00	Highest	$0	$32,462	$1,162,878
ASHLEY BAUER	OTORHINOLARYNGOLOGIST	50.00	Highest	$0	$26,473	$1,024,525
MATTHEW MORGAN	OTORHINOLARYNGOLOGIST	50.00	Highest	$0	$54,079	$934,775
SAMUEL MAURICE	PLASTIC RECONSTRUCTION SURGEON	50.00	Highest	$0	$43,575	$886,932
MICHAEL FRAIZER MD	DIRECTOR; CARDIOLOGIST	1.00	Director	$0	$52,640	$750,860
JENNIFER OLSON DO	PRESIDENT, MEDICAL GROUP	12.00	Officer	$0	$120,231	$747,245
NEIL HORNING MD	DIR;SEC; PULMONOLOGIST CRITICAL CARE	49.00	Officer Director	$0	$47,246	$666,310
VANESSA FREITAG	DIRECTOR; COO, MERCYONE DES MOINES	1.00	Director	$0	$99,579	$626,404
ERIN NETTELAND-SANDVIG DO	DIRECTOR; PHYSICIAN FAMILY MEDICINE	49.00	Director	$0	$50,085	$602,960
JODIE ROETTGER	FORMER OFFICER	0.00		$0	$30,461	$459,251
STEPHEN NOWAK DO	DIRECTOR; PHYSICIAN FAMILY MEDICINE	19.00	Director	$0	$0	$62,033
THERESA MCCONEGHEY	DIRECTOR; CHAIR	1.00	Officer Director	$0	$0	$0
EMILY ABBAS	DIRECTOR; VICE CHAIR	1.00	Officer Director	$0	$0	$0
BRIAN JOHNSON	DIRECTOR; TREASURER	1.00	Officer Director	$0	$0	$0
PATRICIA MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY MILLER	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER NELSON PHD	DIRECTOR	1.00	Director	$0	$0	$0
MAURITA SOUKUP RSM	DIRECTOR	1.00	Director	$0	$0	$0
TERRI DONOVAN PD BY MGMT CO	INTERIM VP FINANCE & CFO MERCYONE	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	$195,914,009	$242,705,452	$466,113,825	$-46,791,443
2024	$203,262,742	$252,340,060	$275,047,181	$-49,077,318
2023	$193,477,373	$244,910,625	$80,513,353	$-51,433,252
2022	$245,472,581	$240,377,612	$115,805,157	$5,094,969
2021	$228,858,488	$241,045,812	$121,182,603	$-12,187,324
2020	$232,748,340	$236,580,812	$110,365,970	$-3,832,472
2019	$217,889,440	$228,130,860	$50,003,883	$-10,241,420
2018	$224,634,081	$224,827,526	$54,450,648	$-193,445

MERCY CLINICS INC