Mercy Health Corporation

EIN: 472158680 501(c)(3) Philanthropy & Grantmaking

ROCKFORD, IL

Total Revenue
$8,660,093
Total Expenses
$6,087,949
Total Assets
$1,189,825,727
Net Assets
$487,654,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Phone
8159715000
Tax Period
2022-07-01 to 2023-06-30

Mercy Health Corporation, founded in 2014, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $8.7M in total revenue in fiscal year 2022. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.6M, a strong 30% operating margin.

Mission

Mercy Health Corporation (MHC) serves as the parent corporation and has a mission to provide exceptional healthcare services with a passion for making lives better. MHC supports the operations of its affiliated entities to enable them to fulfill their commitment to the mission for the communities that they serve.

Program Service Accomplishments

Program 1
Expenses: $5,716,151

MERCY HEALTH CORPORATION (MHC) IS THE PARENT CORPORATION THAT SUPPORTS THE FOLLOWING AFFILIATED ENTITIES: 1) JAVON BEA HOSPITAL (JBH), WITH TWO LOCATIONS (ROCKTON AND RIVERSIDE), OPERATES A 285-BED...

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MERCY HEALTH CORPORATION (MHC) IS THE PARENT CORPORATION THAT SUPPORTS THE FOLLOWING AFFILIATED ENTITIES: 1) JAVON BEA HOSPITAL (JBH), WITH TWO LOCATIONS (ROCKTON AND RIVERSIDE), OPERATES A 285-BED HOSPITAL IN ROCKFORD, ILLINOIS - PROVIDES INPATIENT, OUTPATIENT, EMERGENCY CARE SERVICES AND LONG-TERM SUB-ACUTE CARE TO RESIDENTS OF ILLINOIS AND THE SURROUNDING COMMUNITIES. ROCKFORD HEALTH INSURANCE LTD, (RHIL) IS A WHOLLY OWNED SUBSIDIARY OF JAVON BEA HOSPITAL, INCORPORATED UNDER THE LAWS OF BERMUDA, AND PROVIDES THE AFFILIATED ENTITIES WITH EXCESS PROFESSIONAL AND GENERAL LIABILITY INSURANCE. 2) ROCKFORD HEALTH SYSTEM VENTURES, LLC (RHSV) IS A WHOLLY OWNED SUBSIDIARY OF JAVON BEA HOSPITAL AND WAS CREATED TO MANAGE ITS INVESTMENTS IN JOINT VENTURES. RHSV OWNS 50% OF SUBSIDIARY VAN MATRE/HEALTHSOUTH REHABILITATION HOSPITAL WHICH OFFERS PATIENTS A WIDE RANGE OF HEALTH SPECIALTY SERVICES. 3) RHS REGIONAL HEALTH NETWORK, LLC (RRHN) WHICH IS AN ACCOUNTABLE CARE ORGANIZATION (ACO). 4) MERCY HEALTH SYSTEM CORPORATION (MHSC), WHICH OPERATES A 240-BED HOSPITAL IN JANESVILLE, WISCONSIN, AND APPROXIMATELY 37 PHYSICIAN CLINICS IN SOUTHERN WISCONSIN AND NORTHERN ILLINOIS; A SKILLED NURSING FACILITY (SNF) THAT OPERATES AS A SUBACUTE CARE UNIT OF THE HOSPITAL; AND MERCYHEALTH HOSPITAL AND MEDICAL CENTER (MWH), WHICH OPERATES A 25-BED HOSPITAL FACILITY IN WALWORTH COUNTY, WISCONSIN: 5) MERCY HEALTH SYSTEM ASSOCIATION OF VOLUNTEERS, INC. WHICH PROVIDES/TRAINS VOLUNTEERS TO ASSIST IN THE THRIFT SHOP, GIFT SHOPS AND NON-CLINICAL PATIENT SERVICES AND SUPPORT; AND 6) MERCYCARE INSURANCE COMPANY (MCIC) WHICH IS AN INDEMNITY INSURANCE COMPANY THAT CONTRACTS WITH LOCAL EMPLOYERS. MCIC HAS A WHOLLY OWNED SUBSIDIARY, MERCYCARE HMO, WHICH OPERATES AS A HEALTH MAINTENANCE ORGANIZATION (HMO) UNDER WISCONSIN STATUTES. MCIC AND MERCYCARE HMO CONTRACT FOR SERVICES WITH AFFILIATES AND OTHER PROVIDERS. 7) MADISON UNITED HEALTHCARE LINEN, LTD (MUHL) WHICH PROVIDES LAUNDRY AND LINEN SERVICES TO ITS MEMBER HOSPITALS ON A NON-PROFIT BASIS. 8) MERCYHEALTH DEVELOPMENT FOUNDATION WHICH IS ORGANIZED TO PROMOTE EDUCATION AND SCIENTIFIC AND CHARITABLE HEALTH CARE ACTIVITIES. 9) MERCY ASSISTED CARE, INC. (MAC) OPERATES MERCY HOMECARE, A SUPPLIER OF DURABLE MEDICAL EQUIPMENT AND COORDINATES HOME CARE AND HOSPICE SERVICES THROUGH NURSES, PHYSICAL THERAPISTS, AND SPEECH THERAPISTS. 10) MERCY HARVARD HOSPITAL, INC. (MHH) OPERATES A HOSPITAL WITH 25 ACUTE AND 45 LONG-TERM CARE BEDS LOCATED IN HARVARD, ILLINOIS. 11) ROCKFORD HEALTH PHYSICIANS (RHPH) PROVIDES PHYSICIAN AND AMBULATORY CARE SERVICES AT SEVERAL SITES. 12) MERCYHEALTH VISITING NURSES ASSOCIATION, INC (VNA) PROVIDES HOME HEALTH NURSING SERVICES AND RENTS MEDICAL EQUIPMENT TO RESIDENTS OF ROCKFORD, ILLINOIS AND SURROUNDING COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $8,660,093
Other Revenue $0
TOTAL REVENUE $8,660,093

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,544,244
Fundraising Expenses $0
Program Expenses $5,716,151
Other Expenses $543,705
TOTAL EXPENSES $6,087,949

Year-over-Year Comparison

2022 2021 Change
Revenue $8,660,093 $7,325,634 +0.2%
Expenses $6,087,949 $6,107,148 0.0%
Net Income $2,572,144 $1,218,486 +1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
6
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
6
$13,075,458
Total Directors
8
$12,184,371
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT/CEO (SEE SCHEDULE J, PAGES 29-30) 1.0
Officer Director
$0 $430,877 $11,561,020
N/A Chair 1.0
Officer Director
$0 $0 $19,324
N/A Secretary & Treasurer 1.0
Officer Director
$0 $0 $12,086
N/A Vice Chair 1.0
Officer Director
$0 $0 $13,500
N/A Director 1.0
Director
$0 $0 $17,334
N/A Director 1.0
Director
$0 $0 $13,500
N/A Director/Physician 1.0
Director
$0 $29,529 $533,652
N/A Director 1.0
Director
$0 $0 $13,955
N/A VP - Revenue Cycle 1.0
Officer
$0 $64,924 $564,224
N/A Vice President/CFO 1.0
Officer
$0 $76,813 $905,304
N/A former VICE-PRESIDENT 0.0
$0 $34,294 $248,165
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 No data No data No data No data
2023 $8,660,093 $6,087,949 $1,189,825,727 $2,572,144
2022 $7,325,634 $6,107,148 $1,163,091,379 $1,218,486
2021 $10,286,365 $5,195,149 $1,246,524,503 $5,091,216
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