MERCY RESEARCH (EIN 870796305) - 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

2007

Legal Domicile

Principal Officer

JENNIFER BROWN

Phone

3145796100

Tax Period

2023-07-01 to 2024-06-30

MERCY RESEARCH, founded in 2007, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $8.8M exceeded revenue, resulting in a 91% operating deficit.

Mission

AS THE SISTERS OF MERCY BEFORE US, WE BRING TO LIFE THE HEALING MINISTRY OF JESUS THROUGH OUR COMPASSIONATE CARE AND EXCEPTIONAL 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,277,257

Program Service Revenue $3,339,149

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,616,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,020,813

Fundraising Expenses $0

Program Expenses $6,551,496

Other Expenses $1,773,844

TOTAL EXPENSES $8,794,657

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,616,406	$3,517,282	+0.3%
Expenses	$8,794,657	$7,585,059	+0.2%
Net Income	$-4,178,251	$-4,067,777	+0.0%

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

N/A

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

$3,056,214

Total Directors

$8,218,917

Key Employees

$1,995,734

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BROYLES MD DAMON	VP, CLINICAL INNOVATION & PRESIDENT	40.00	Officer Director	$0	$32,673	$566,898
CARLSON DO JAY	CLINICAL CHAIR, MERCY RESEARCH	8.00	Officer Director	$0	$17,131	$211,584
MCCART JILL	VP, ACCOUNTING & REPORTING & TREASURER	1.00	Officer Director	$0	$56,785	$618,075
RICHMOND JACQUELYNN	SVP, DEPUTY GENERAL COUNSEL & SECRETARY	1.00	Officer Director	$0	$108,160	$1,659,657
CREACH MD KIMBERLY	PHYSICIAN & BOARD MEMBER	1.00	Director	$0	$25,849	$831,328
KARUNAPUZHA MD CHERIAN	PHYSICIAN & BOARD MEMBER	1.00	Director	$0	$14,785	$754,348
KURKIJAN MD CARLA	PHYSICIAN & BOARD MEMBER	1.00	Director	$0	$18,227	$889,408
LEDGER MD GREGORY	PHYSICIAN & BOARD MEMBER	1.00	Director	$0	$47,101	$692,081
LEVY JOANNE	VP, RESEARCH & BOARD MEMBER	60.00	Director	$0	$25,551	$512,164
LOGAN MD WILLIAM	PHYSICIAN & BOARD MEMBER	1.00	Director	$0	$55,320	$301,476
SISTRUNK MD WILLIAM	PHYSICIAN & BOARD MEMBER	2.00	Director	$0	$45,463	$622,296
YEATMAN MD TIMOTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
SADAKA MD FARID	PHYSICIAN & BOARD MEMBER	1.00	Director	$0	$29,029	$559,602
MOHART MD JOHN	PRESIDENT, COMMUNITY OPERATIONS	0.00	Key Emp	$0	$179,032	$1,995,734
COLLISON FARR KIMBERLY A	SENIOR RESEARCH PROJECT MANAGER	40.00	Highest	$0	$22,663	$135,909
DOCK JANA	DIRECTOR - BUSINESS OPERATIONS	40.00	Highest	$0	$13,550	$128,642
LAWS KELLE K	EXECUTIVE DIRECTOR	40.00	Highest	$0	$17,993	$273,228
MARSHALL-NIGHTENGALE LAURIE	DIRECTOR, CLINICAL RESEARCH	40.00	Highest	$0	$19,505	$139,813
VELA KERI	CERTIFIED CLINICAL RESEARCH NURSE	40.00	Highest	$0	$9,285	$150,188
WHEELER PHILIP	FORMER OFFICER	0.00		$0	$25,854	$2,237,053
SOCK SHANNON	FORMER KEY EMPLOYEE	0.00		$0	$329,522	$3,448,329

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	$4,616,406	$8,794,657	$659,058	$-4,178,251
2023	$3,517,282	$7,585,059	$879,874	$-4,067,777
2022	$4,073,804	$8,271,315	$870,250	$-4,197,511
2021	$4,172,655	$8,645,298	$880,426	$-4,472,643
2020	$4,182,009	$9,039,431	$1,873,704	$-4,857,422
2019	$5,132,560	$9,331,827	$2,104,527	$-4,199,267
2018	$4,794,678	$9,693,281	$1,994,039	$-4,898,603

MERCY RESEARCH