Bon Secours Mercy Health Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Phone

5139525000

Tax Period

2023-01-01 to 2023-12-31

Bon Secours Mercy Health Inc, founded in 1983, is a large national nonprofit in the Health Care sector that reported $8.7B in total revenue in fiscal year 2023.

Mission

BON SECOURS MERCY HEALTH WILL PROVIDE ASSISTANCE, SUPPORT AND DIRECTION TO ALL OF THE HEALTH CARE INSTITUTIONS AND ACTIVITIES OPERATED AND MAINTAINED BY ITS SUBSIDIARIES. THE MISSION OF BON SECOURS MERCY HEALTH IN PERFORMING THESE ACTIVITIES SHALL BE TO PROVIDE A MEANS BY WHICH THE SPONSORS MANIFEST THE HEALING MINISTRY OF JESUS. THROUGH GOVERNANCE, MANAGEMENT, DEVELOPMENT OF LEADERSHIP AND USE OF RESOURCES, BON SECOURS MERCY HEALTH INTENDS TO GIVE SUBSTANCE AND DIRECTION TO A DYNAMIC CATHOLIC HEALTH MINISTRY.

Program Service Accomplishments

Program 1

Expenses: $4,332,121,848 Revenue: $5,203,684,561

THE TWENTY-SIX HOSPITALS AND VARIOUS PHYSICIAN PRACTICES INCLUDED ON THIS RETURN EXTEND THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRINGING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. THIS IS ACCOMPLISHED BY DEMONSTRATING BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND SERVICE. TOTAL COMMUNITY BENEFIT PROVIDED IN 2023 WAS $476,611,858.

Program 2

Expenses: $3,738,274,065 Revenue: $3,234,659,571

BON SECOURS MERCY HEALTH IS A MISSION-DRIVEN, NONPROFIT, CATHOLIC HEALTH SYSTEM. BON SECOURS MERCY HEALTH OPERATES ACUTE CARE HOSPITALS, PHYSICIAN PRACTICES, LOW-INCOME HOUSING, HOME HEALTH AGENCIES, HOSPICE PROGRAMS, WELLNESS CENTERS AND OTHER HEALTHCARE ORGANIZATIONS. BON SECOURS MERCY HEALTH'S HOME OFFICE PROVIDES SERVICES AND SUPPORT TO THE ENTIRE SYSTEM, INCLUDING BUT NOT LIMITED TO: PROVIDING GOVERNANCE, MANAGEMENT OVERSIGHT, STRATEGIC LEADERSHIP, FOCUSING RESOURCES TO ASSURE THE HEALING MISSION, PROVIDING ACCESS TO LOWER COST DEBT FINANCING TO SUPPORT OPERATIONS, IMPROVING CLINICAL OUTCOMES AND REDUCING OPERATING COSTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $33,082,431

Program Service Revenue $8,438,344,132

Investment Income $180,237,046

Other Revenue $58,676,559

TOTAL REVENUE $8,710,340,168

Expense Breakdown

Grants Paid $3,453,976

Salaries & Benefits $4,189,968,273

Fundraising Expenses $690,000

Program Expenses $8,070,395,913

Other Expenses $4,809,375,234

TOTAL EXPENSES $9,002,797,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,710,340,168	$8,211,838,521	+0.1%
Expenses	$9,002,797,483	$8,604,047,231	+0.0%
Net Income	$-292,457,315	$-392,208,710	-0.3%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

64043

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

$15,648,349

Total Directors

$12,933,751

Key Employees

$19,869,845

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Vice Chair	5.0	Officer Director	$85,000	$0	$85,000
N/A	President & CEO, Bon Secours Mercy Health	50.0	Officer Director	$8,799,523	$3,496,777	$12,296,300
N/A	Board Chair	12.0	Officer Director	$135,000	$0	$135,000
N/A	BOARD MEMBER	5.0	Director	$0	$0	$0
N/A	Board Member	5.0	Director	$75,000	$0	$75,000
N/A	BOARD MEMBER	5.0	Director	$70,000	$0	$70,000
N/A	Board Member	5.0	Director	$60,000	$0	$72,451
N/A	BOARD MEMBER	5.0	Director	$70,000	$0	$70,000
N/A	Board Member	5.0	Director	$70,000	$0	$70,000
N/A	BOARD MEMBER	5.0	Director	$60,000	$0	$60,000
N/A	BOARD MEMBER	5.0	Director	$0	$0	$0
N/A	Board Member	5.0	Director	$0	$0	$0
N/A	BOARD MEMBER	5.0	Director	$0	$0	$0
N/A	Board Assistant Secretary	49.0	Officer	$114,751	$21,687	$136,438
N/A	BOARD SECRETARY	49.0	Officer	$250,107	$12,785	$262,892
N/A	Chief Financial Officer, Board Treasurer	48.0	Officer	$2,134,019	$598,700	$2,732,719
N/A	Chief Nursing Officer (End 06/23)	50.0	Key Emp	$940,149	$24,639	$964,788
N/A	Chief Supply Chain Officer	50.0	Key Emp	$854,422	$266,909	$1,121,331
N/A	Chief Strategy Officer	46.0	Key Emp	$1,504,245	$396,360	$1,900,605
N/A	Chief Operating Officer	47.0	Key Emp	$1,792,599	$43,113	$1,835,712
N/A	Chief Compliance Officer	50.0	Key Emp	$756,077	$132,456	$888,533
N/A	Chief Mission Officer	50.0	Key Emp	$695,818	$30,774	$726,592
N/A	Chief Digital Officer	50.0	Key Emp	$1,250,893	$762,338	$2,013,231
N/A	Vice President, Treasury	50.0	Key Emp	$1,480,569	$32,081	$1,512,650
N/A	Chief Human Resources Officer	43.5	Key Emp	$1,331,323	$246,789	$1,578,112
N/A	Chief Information Officer (End 06/23)	25.0	Key Emp	$1,065,201	$46,355	$1,158,556
N/A	Chief Legal Officer & General Counsel	49.0	Key Emp	$1,802,346	$337,038	$2,139,384
N/A	President, BSMH Medical Group	50.0	Key Emp	$1,098,776	$271,786	$1,370,562
N/A	Chief Nursing Officer (Beg 06/23)	50.0	Key Emp	$291,038	$38,020	$329,058
N/A	Chief Clinical Officer	42.0	Key Emp	$1,850,444	$480,287	$2,330,731
N/A	NEUROSURGEON	50.0	Highest	$2,384,740	$64,124	$2,448,864
N/A	Orthopedic Surgeon	50.0	Highest	$2,831,446	$29,690	$2,861,136
N/A	Former Market/Group President (End 01/23)	50.0	Highest	$2,417,550	$13,264	$2,430,814
N/A	Orthopedic Surgeon	50.0	Highest	$2,271,494	$72,002	$2,343,496
N/A	Cardiologist	50.0	Highest	$2,020,004	$66,886	$2,086,890
N/A	Former President and Chief Operating Officer	0.0		$3,501,175	$73,177	$3,574,352
N/A	Former Key, Chief Ventures Officer	50.0		$756,544	$154,190	$910,734
N/A	Former Chief Information Officer	0.0		$529,567	$28,473	$558,040

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
2024	No data	No data	No data	No data
2023	$8,710,340,168	$9,002,797,483	$12,925,978,159	$-292,457,315
2022	$8,211,838,521	$8,604,047,231	$12,142,776,094	$-392,208,710
2021	$7,624,173,527	$7,550,528,412	$13,294,959,120	$73,645,115
2020	$7,014,077,243	$7,012,874,792	$12,458,514,469	$1,202,451
2019	$1,032,037,001	$895,974,598	$1,754,618,214	$136,062,403
2019	$1,032,037,001	$895,974,598	$1,754,618,214	$136,062,403
2018	$352,112,129	$341,707,462	$1,309,150,858	$10,404,667