MERCY HEALTH NETWORK INC (EIN 421478417) - 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

1998

Legal Domicile

Principal Officer

MICHAEL TAYLOR

Phone

5153589200

Tax Period

2024-07-01 to 2025-06-30

MERCY HEALTH NETWORK INC, founded in 1998, is a mid-sized nonprofit that reported $34.6M in total revenue in fiscal year 2024. Revenue surged 54% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE HEALTH CARE SYSTEM MANAGEMENT AND SUPPORT

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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 $1,200

Program Service Revenue $33,557,389

Investment Income $172,601

Other Revenue $841,169

TOTAL REVENUE $34,572,359

Expense Breakdown

Grants Paid $4,735

Salaries & Benefits $20,778,400

Fundraising Expenses $0

Program Expenses $29,777,212

Other Expenses $16,857,156

TOTAL EXPENSES $37,640,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,572,359	$22,403,427	+0.5%
Expenses	$37,640,291	$33,101,150	+0.1%
Net Income	$-3,067,932	$-10,697,723	-0.7%

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

$5,126,521

Total Directors

$14,908,118

Key Employees

$5,189,956

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA ROSS	DIR/CHAIR; TRINITY CHIEF LEGAL OFCR	1.00	Officer Director	$0	$48,692	$2,013,680
ROBERT RITZ	DIRECTOR; PRESIDENT AND CEO	48.00	Officer Director	$0	$54,140	$2,471,013
RAY ANDERSON PHD	DIR, TRINITY EVP CHIEF STRATEGY OFCR	1.00	Director	$0	$285,343	$1,612,310
BENJAMIN CARTER	DIRECTOR; TRINITY HEALTH EVP COO	1.00	Director	$0	$52,582	$3,488,982
DANIEL ISACKSEN JR	DIRECTOR; TRINITY HEALTH EVP CFO	1.00	Director	$0	$448,380	$2,827,147
DANIEL ROTH MD	DIR; TRINITY EVP CHIEF CLINICAL OFCR	1.00	Director	$0	$55,387	$2,494,986
HEATHER CAMPBELL	SECRETARY; CHIEF LEGAL OFFICER	40.00	Officer	$0	$57,759	$641,828
TERRI DONOVAN PAID BY MGMT CO	INTERIM VICE PRESIDENT FINANCE	40.00	Officer	$0	$0	$0
HIJINIO CARREON DO	EVP, CHIEF CLINICAL OFFICER	50.00	Key Emp	$0	$90,746	$1,182,624
JENNIFER OLSON DO	PRESIDENT MEDICAL GROUP	37.00	Key Emp	$0	$120,231	$747,245
KURT ANDERSEN MD	PRESIDENT CENTRAL IOWA DIVISION	51.00	Key Emp	$0	$245,442	$1,931,294
JORDAN VOIGT	PRESIDENT EASTERN IOWA DIVISION	15.00	Key Emp	$0	$125,994	$1,328,793
JESSE TISCHER	CHIEF TRANSFORMATION AND INTEG OFFCR	50.00	Highest	$0	$107,473	$709,469
THOMAS CLARK	PRESIDENT WESTERN IOWA	0.00	Highest	$0	$155,119	$1,003,150
MICHAEL TRACHTA	VP, RURAL HOSPITALS AND REGIONAL OPS	48.00	Highest	$0	$55,265	$610,504
LILLIAN DITTRICK	PRES,POPULATION HEALTH SVCS THR 4/25	50.00	Highest	$0	$54,218	$527,300
JACKIE LUECHT	CHIEF HUMAN RESOURCES OFFICER	50.00	Highest	$0	$57,948	$510,250
JODIE ROETTGER	FORMER OFFICER	0.00		$0	$30,461	$459,251
MICHAEL WEGNER	FORMER KEY EMPLOYEE	0.00		$0	$455,195	$1,653,467
NATHAN HULSE	FORMER HIGHEST COMPENSATED	0.00		$0	$2,603	$458,208

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	$34,572,359	$37,640,291	$443,438,732	$-3,067,932
2024	No data	No data	No data	No data
2023	$19,741,697	$23,659,420	$459,960,948	$-3,917,723
2022	$38,987,227	$36,220,675	$29,982,290	$2,766,552
2021	$25,434,292	$27,172,585	$29,567,569	$-1,738,293
2020	$27,194,954	$27,177,428	$24,121,850	$17,526
2019	$25,216,105	$25,243,192	$16,667,541	$-27,087
2018	$25,435,719	$25,602,744	$13,638,384	$-167,025

MERCY HEALTH NETWORK INC