Mercy Ships Foundation

EIN: 752641151 501(c)(3) Philanthropy & Grantmaking

LINDALE, TX

Total Revenue
$4,147,992
Total Expenses
$1,397,977
Total Assets
$250,510,557
Net Assets
$245,205,279
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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
1993
Legal Domicile
TX
Phone
9039397000
Tax Period
2023-01-01 to 2023-12-31

Mercy Ships Foundation, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $4.1M in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.8M, a strong 66% operating margin.

Mission

SUPPORTS THE OPERATIONS OF MERCY SHIPS IN FURTHERANCE OF ITS MISSION.

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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 $2,926,311
Program Service Revenue $0
Investment Income $1,352,147
Other Revenue $-130,466
TOTAL REVENUE $4,147,992

Expense Breakdown

Grants Paid $1,391,794
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,391,794
Other Expenses $6,183
TOTAL EXPENSES $1,397,977

Year-over-Year Comparison

2023 2022 Change
Revenue $4,147,992 $58,837,465 -0.9%
Expenses $1,397,977 $9,481,714 -0.9%
Net Income $2,750,015 $49,355,751 -0.9%
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
11
Independent Members
11
Employees
N/A
Volunteers
11

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
5
$652,119
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIR, DIRECTOR 0.2
Officer Director
$0 $0 $0
N/A TREASURER, DIRECTOR 2.0
Officer Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A DIRECTOR 0.2
Director
$0 $0 $0
N/A CFO OF MERCY SHIPS End: 9/30/23 0.2
Officer
$0 $24,120 $314,474
N/A ASSISTANT SECRETARY 0.2
Officer
$0 $9,502 $69,553
N/A Non-Director Board Secretary 0.2
Officer
$0 $32,587 $268,092
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 $4,147,992 $1,397,977 $250,510,557 $2,750,015
2022 $58,837,465 $9,481,714 $231,178,366 $49,355,751
2021 $41,080,286 $84,865,504 $196,839,830 $-43,785,218
2020 $12,520,932 $17,053,295 $100,019,661 $-4,532,363
2019 $46,795,284 $19,896,707 $104,150,031 $26,898,577
2018 $44,115,087 $46,549,615 $77,683,912 $-2,434,528
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