Mercy Health (EIN 431423050) - 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

1986

Legal Domicile

Phone

3145796100

Tax Period

2023-07-01 to 2024-06-30

Mercy Health, founded in 1986, is a major nonprofit in the Health Care sector that reported $172.9M in total revenue in fiscal year 2023. Revenue surged 3831% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90.1M, a strong 52% operating margin.

Mission

AS THE SISTERS OF MERCY BEFORE US, WE BRING TO LIFE THE HEALING MINISTRY OF JESUS THROUGH OUR COMPASSIONATE CARE AND EXCEPTIONAL SERVICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $172,921,541

Other Revenue $0

TOTAL REVENUE $172,921,541

Expense Breakdown

Grants Paid $208,269

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $82,653,593

Other Expenses $82,641,977

TOTAL EXPENSES $82,850,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,921,541	$4,398,984	+38.3%
Expenses	$82,850,246	$67,474,401	+0.2%
Net Income	$90,071,295	$-63,075,417	-2.4%

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

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

$9,551,445

Total Directors

$8,387,746

Key Employees

$16,208,143

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stephen L Mackin	President & CEO & Board Member	30.0	Officer Director	$0	$575,688	$5,580,954
Brendan Rogers	Board Member	3.0	Director	$0	$0	$0
Cheryl Morley	Board Member	3.0	Director	$0	$0	$0
James Britton	Executive Chairman	30.0	Director	$0	$236,506	$2,806,792
Patti Harvey	Board Member	3.0	Director	$0	$0	$0
Richard Clarke	Board Member	3.0	Director	$0	$0	$0
Rollin Ford	Board Member	3.0	Director	$0	$0	$0
Sr Katherine Glosenger RSM	Board Member	3.0	Director	$0	$0	$0
Sr Maria Luisa Vera RSM	Board Member	3.0	Director	$0	$0	$0
Sr Mary Ann Dillon RSM	Board Member	3.0	Director	$0	$0	$0
Sr Mary Chabanel Finnegan RSM	Board Member	3.0	Director	$0	$0	$0
Walter Harris	Board Member	3.0	Director	$0	$0	$0
Cheryl L Matejka	Chief Financial Officer & Treasurer	25.0	Officer	$0	$140,367	$1,733,437
Jennifer Brown	SVP & Chief Legal Officer (START 6/12/24)	25.0	Officer	$0	$0	$0
Philip Wheeler	SVP, General Counsel & Secretary	40.0	Officer	$0	$25,854	$2,237,054
Ajay Pathak	SVP, Chief Strategic Ventures Officer	25.0	Key Emp	$0	$90,257	$959,955
Betty Jo Rocchio	SVP, Chief Nurse Executive	30.0	Key Emp	$0	$82,987	$1,261,836
Catherine Codispoti	Senior VP, Chief People Officer	25.0	Key Emp	$0	$0	$295,484
Dave Thompson	SVP, Population Health & President, Contracted Revenue	1.0	Key Emp	$0	$108,198	$1,301,451
Jeffrey Ciaramita MD	President, Specialty Service Lines	20.0	Key Emp	$0	$161,149	$2,141,295
John G Helton MD	President, Primary Care	5.0	Key Emp	$0	$175,200	$1,780,500
John Mohart MD	President, Community Operations	21.0	Key Emp	$0	$179,032	$1,995,734
Joseph Kelly	EVP, Digital Transformation & Business Development Officer	30.0	Key Emp	$0	$140,427	$1,933,086
Kevin Minder	SVP, Mission & Community Health	10.0	Key Emp	$0	$68,686	$1,090,472
Shannon Sock	EVP, CSO & COO	30.0	Key Emp	$0	$329,522	$3,448,330
Cynthia Mercer	EVP, Chief Administrative Officer	20.0		$0	$134,007	$4,021,577
Jeffrey A Johnston	Former Key Employee	0.0		$0	$10,821	$1,327,575
Marc Gunter	Former Key Employee	0.0		$0	$27,376	$477,249

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	No data	No data	No data	No data
2024	$172,921,541	$82,850,246	$4,672,786,809	$90,071,295
2023	$4,398,984	$67,474,401	$3,966,326,997	$-63,075,417
2022	$179,412,202	$59,545,624	$4,269,317,052	$119,866,578
2021	$328,088,371	$54,861,708	$5,132,455,770	$273,226,663
2020	$2,272,971	$56,779,091	$3,411,365,586	$-54,506,120
2019	$85,792,241	$81,627,512	$3,001,054,665	$4,164,729
2018	$129,824,048	$63,516,273	$2,973,406,313	$66,307,775

Mercy Health