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.

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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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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

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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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