Skip to content
Nonprofiteer
← MERCY HOSPITAL & MEDICAL CENTER

Form 990 for tax year 2024

Filed by MERCY HOSPITAL & MEDICAL CENTER.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$536,892
Total liabilities, end of year
$47,831,773
Net assets or fund balances, end of year
-$47,294,881
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,676 · end of year $0

  • 4 · Accounts receivable

    beginning of year $691,801 · end of year $536,892

  • 15 · Other assets

    beginning of year $3,845,696 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,093,777 · end of year $2,243,741

  • 23 · Secured mortgages and notes payable

    beginning of year $7,422 · end of year $0

  • 25 · Other liabilities

    beginning of year $45,014,159 · end of year $45,588,032

  • 27 · Net assets without donor restrictions

    beginning of year -$47,294,881 · end of year -$47,294,881

  • 28 · Net assets with donor restrictions

    beginning of year $3,845,696 · end of year $0

Mission and programs · 2024

Mission

WE, MERCY HEALTH SYSTEM OF CHICAGO AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES.MHMC IS A MEMBER OF MERCY HEALTH SYSTEM OF CHICAGO AND TRINITY HEALTH.

Activities or mission (Part I)

TO PROVIDE HEALTH CARE AND HOSPITAL SERVICES

  • MERCY HOSPITAL AND MEDICAL CENTER CEASED OPERATIONS ON MAY 31, 2021. MERCY HOSPITAL AND MEDICAL CENTER SOLD ITS MAIN ASSETS ON JUNE 1, 2021 AND IS IN THE PROCESS OF WINDING DOWN.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BENJAMIN CARTER

    DIRECTOR; CHAIR; PRES; TH EVP & COO

    Total calculated
    $3,488,982
    From this org
    $0
    From related orgs
    $3,436,400
    Other
    $52,582
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,629,468 related
    Bonus
    $0 + $1,299,675 related
    Other
    $0 + $507,257 related
    Deferred
    $0 + $20,425 related
    Nontaxable benefits
    $0 + $32,157 related
    Filer's total
    $0 + $3,488,982 related

  • MIKE PRISBY

    DIR/TREAS/ V CHR;TH VP, STR FIN PLN

    Total calculated
    $405,496
    From this org
    $0
    From related orgs
    $352,606
    Other
    $52,890
    Hours/week
    1 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $260,890 related
    Bonus
    $0 + $87,458 related
    Other
    $0 + $4,258 related
    Deferred
    $0 + $20,425 related
    Nontaxable benefits
    $0 + $32,465 related
    Filer's total
    $0 + $405,496 related

  • JEFFREY MATHIS

    DIRECTOR; SECRETARY; GENERAL COUNSEL

    Total calculated
    $319,877
    From this org
    $0
    From related orgs
    $283,904
    Other
    $35,973
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,026 related
    Bonus
    $0 + $33,295 related
    Other
    $0 + $583 related
    Deferred
    $0 + $5,867 related
    Nontaxable benefits
    $0 + $30,106 related
    Filer's total
    $0 + $319,877 related

  • SILIA MIGLIO

    FORMER OFFICER; TH CONSULTANT

    Total calculated
    $317,217
    From this org
    $0
    From related orgs
    $295,633
    Other
    $21,584
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $292,489 related
    Bonus
    $0
    Other
    $0 + $3,144 related
    Deferred
    $0 + $19,012 related
    Nontaxable benefits
    $0 + $2,572 related
    Filer's total
    $0 + $317,217 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
MERCY HOSPITAL AND MEDICAL CENTER IS A SUBSIDIARY IN THE TRINITY HEALTH SYSTEM. MERCY HOSPITAL AND MEDICAL CENTER'S CEO IS PAID DIRECTLY BY THE SYSTEM'S PARENT ENTITY, TRINITY HEALTH CORPORATION. TRINITY HEALTH CORPORATION USED THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF MERCY HOSPITAL AND MEDICAL CENTER'S CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY, AND - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4B
THE FOLLOWING IS A PARTICIPANT IN A TRINITY HEALTH SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) IN 2024. THE PLAN PROVIDES RETIREMENT BENEFITS TO CERTAIN TRINITY HEALTH EXECUTIVES SUBJECT TO MEETING SPECIFIED VESTING AND EMPLOYMENT DATE REQUIREMENTS. PARTICIPANTS' VESTED BENEFITS WERE PAID OUT IN 2024, AND THEIR NON-VESTED BENEFITS FOR 2024 WERE ACCRUED. THE FOLLOWING PAYOUT FOR 2024 FOR THE PLAN ARE INCLUDED IN COLUMN B(III) OF SCHEDULE J, PART II: BENJAMIN CARTER - $439,031 THE FOLLOWING ARE PARTICIPANTS IN A TRINITY HEALTH RESTORATION PLAN. THE RESTORATION PLAN PROVIDES RETIREMENT BENEFITS FOR CERTAIN TRINITY HEALTH SYSTEM OFFICE EXECUTIVES WITH EARNINGS ABOVE THE IRS PAY CAP FOR THE QUALIFIED PLAN ($345,000 FOR 2024). SILIA MIGLIO MIKE PRISBY THERE WERE NO PAYOUTS FOR 2024 FOR THESE PARTICIPANTS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202601289349300135

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.