Bon Secours Mercy Health Inc

EIN: 521301088 501(c)(3) Health Care

Cincinnati, OH

Total Revenue
$8,710,340,168
Total Expenses
$9,002,797,483
Total Assets
$12,925,978,159
Net Assets
$4,220,118,118
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
MD
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 EXTENDS THE HEALING MINISTRY OF JESUS BY IMPROVING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES AND BRING GOOD HELP TO THOSE IN NEED, ESPECIALLY PEOPLE WHO ARE POOR, DYING AND UNDERSERVED. BON SECOURS MERCY HEALTH DEMONSTRATES BEHAVIORS REFLECTING OUR CORE VALUES OF HUMAN DIGNITY, INTEGRITY, COMPASSION, STEWARDSHIP, AND 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%)

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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
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Financial Health Indicators

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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
13
Independent Members
3
Employees
64043
Volunteers
45

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
$15,648,349
Total Directors
13
$12,933,751
Key Employees
14
$19,869,845
Highest Compensated
5
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
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