MERCY HOSPITALCEDAR RAPIDSIA ENDOWMENT FOUNDATION INC (EIN 510233180) - 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

1977

Legal Domicile

Principal Officer

NATHAN VAN GENDEREN

Phone

3193986105

Tax Period

2023-07-01 to 2024-06-30

MERCY HOSPITALCEDAR RAPIDSIA ENDOWMENT FOUNDATION INC, founded in 1977, is a mid-sized nonprofit in the Health Care sector that reported $11.1M in total revenue in fiscal year 2023. Expenses of $10.3M left a modest 7% surplus.

Mission

TO FOSTER, SUPPORT, AND ENCOURAGE THE MISSION AND ACTIVITIES OF MERCY MEDICAL CENTER.

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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 $6,807,329

Program Service Revenue $0

Investment Income $5,022,331

Other Revenue $-773,140

TOTAL REVENUE $11,056,520

Expense Breakdown

Grants Paid $8,621,157

Salaries & Benefits $1,093,628

Fundraising Expenses $542,013

Program Expenses $8,621,157

Other Expenses $541,141

TOTAL EXPENSES $10,255,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,056,520	$11,326,813	0.0%
Expenses	$10,255,926	$17,808,830	-0.4%
Net Income	$800,594	$-6,482,017	-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

Governance

Voting Members

Independent Members

Employees

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

$1,603,905

Total Directors

$795,201

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY QUINN MD	SECRETARY	3.00	Officer Director	$0	$85,903	$795,201
JOHN-PAUL BESONG	DIRECTOR	1.00	Director	$0	$0	$0
STACY CATALDO	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DEWOLF	DIRECTOR	1.00	Director	$0	$0	$0
BARRIE ERNST	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE MCGRATH	FORMER DIRECTOR	1.00	Director	$0	$0	$0
JANET MERFELD	DIRECTOR	1.00	Director	$0	$0	$0
CHERYLE MITVALSKY	CHAIRMAN	1.00	Officer Director	$0	$0	$0
DARREL MORF	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
BRANDI MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN RIFE	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES ROHDE	DIRECTOR	1.00	Director	$0	$0	$0
EMMETT J SCHERRMAN	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK SLATER	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN VAN GENDEREN	EXECUTIVE VP/CFO/ASSISTANT TREASURER	1.00	Officer	$0	$66,834	$558,378
LORRIE M ERUSHA	PRESIDENT	40.00	Officer	$222,903	$27,423	$250,326
MINDY DAVIS-KAYSER	VICE PRESIDENT	40.00	Highest	$101,932	$11,396	$113,328
TIMOTHY L CHARLES	FORMER SECRETARY	3.00		$0	$427	$737,812

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	$11,056,520	$10,255,926	$136,358,421	$800,594
2023	$11,326,813	$17,808,830	$132,829,882	$-6,482,017
2022	$17,935,593	$7,567,382	$138,946,347	$10,368,211
2021	$26,438,389	$3,923,632	$139,695,167	$22,514,757
2020	$33,984,489	$3,457,373	$103,619,269	$30,527,116
2019	$4,071,689	$3,628,726	$72,135,402	$442,963
2018	$4,086,142	$3,472,942	$71,194,661	$613,200

MERCY HOSPITALCEDAR RAPIDSIA ENDOWMENT FOUNDATION INC