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Nonprofiteer
← MERCY HEALTH

Form 990 for tax year 2022

Filed by MERCY HEALTH.

Totals

Total revenue
$4,398,984
Total expenses
$67,474,401
Contributions and grants received
$0
Grants paid
$190,610
Program service revenue
$0
Investment income
$4,398,984
Other revenue
$0
Total assets, end of year
$3,966,326,997
Total liabilities, end of year
$2,593,011,984
Net assets or fund balances, end of year
$1,373,315,013
Program services expenses (Part IX)
$67,323,220
Management and general expenses
$151,181
Fundraising expenses
$0
Program service expenses (Part III)
$67,323,220

Program services were 99.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

Revenue

Part VIII, the statement of revenue.

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $4,398,984 · unrelated business $1,854,842 · excluded $2,544,142

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $190,610 · program services $190,610

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $67,135,406 · program services $67,135,406

  • 24a · Other expenses: DEFERRED TAX EXPENSE

    total -$95,456 · program services -$95,456

  • 24b · Other expenses: SHARED SERVICES FEES

    total $243,841 · program services $92,660 · management and general $151,181

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,528,295 · end of year $7,640,057

  • 2 · Savings and temporary cash investments

    beginning of year $772,852,494 · end of year $437,792,766

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $16,511,753 · end of year $9,060,725

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,330,596 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $4,215,340

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $6,976,329 · end of year $4,215,340

  • 11 · Investments: publicly traded securities

    beginning of year $3,149,106,138 · end of year $3,171,691,699

  • 12 · Investments: other securities

    beginning of year $10,777,399 · end of year $5,855,062

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $304,234,048 · end of year $330,071,348

  • 17 · Accounts payable and accrued expenses

    beginning of year $18,114,864 · end of year $18,593,334

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,976,562,887 · end of year $1,959,264,165

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $605,792,630 · end of year $615,154,485

  • 27 · Net assets without donor restrictions

    beginning of year $1,668,846,671 · end of year $1,373,315,013

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

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

  • MERCY HEALTH IS TAX EXEMPT UNDER IRC SECTION 501(C)(3) AND 170(B)(1)(A)(1) AS A CHURCH. MERCY HEALTH IS LISTED IN THE OFFICIAL CATHOLIC DIRECTORY AND ITS TAX-EXEMPT STATUS IS DERIVED FROM THE GROUP EXEMPTION RULING OF THE UNITED STATES CONFERENCE OF CATHOLIC BISHOPS. MERCY HEALTH IS THE SOLE CORPORATE MEMBER OF 15 TAX-EXEMPT ORGANIZATIONS, WHICH IN TURN ARE THE SOLE CORPORATE MEMBERS OF OVER 50 OTHER TAX-EXEMPT ORGANIZATIONS. THESE OTHER TAX-EXEMPT ORGANIZATIONS INCLUDE BUT ARE NOT LIMITED TO HOSPITALS, FOUNDATIONS, AND MEDICAL GROUP/PHYSICIAN CLINIC ORGANIZATIONS. ALL OF THE EXEMPT ORGANIZATIONS ARE ESSENTIAL TO MERCY HEALTH AND IN CARRYING OUT THE EXEMPT PURPOSE OF MERCY HEALTH.

    Expenses $67,323,220 · Grants $190,610

As filed on the 2022 return.

Listed in Part VII

  • Stephen L Mackin

    President, Mercy Health CEO & Board Member

    Total calculated
    $3,650,338
    From this org
    $0
    From related orgs
    $3,215,797
    Other
    $434,541
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,379,837 related
    Bonus
    $0 + $1,777,017 related
    Other
    $0 + $58,943 related
    Deferred
    $0 + $415,147 related
    Nontaxable benefits
    $0 + $19,394 related
    Filer's total
    $0 + $3,650,338 related

  • Brendan Rogers

    Board Member (BEG 11/2022)

    Total calculated
    $0
    Hours/week
    1

  • Cheryl Morley

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • James Britton

    Executive Chairman

    Total calculated
    $8,851,442
    From this org
    $0
    From related orgs
    $8,342,589
    Other
    $508,853
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,760,280 related
    Bonus
    $0 + $5,190,019 related
    Other
    $0 + $1,392,290 related
    Deferred
    $0 + $496,798 related
    Nontaxable benefits
    $0 + $12,056 related
    Filer's total
    $0 + $8,851,442 related

  • Patti Harvey

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Richard Clarke

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Rollin Ford

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sr Helen Amos RSM

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sr Katherine Glosenger RSM

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sr Maria Luisa Vera RSM

    Board Member (BEG 11/2022)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sr Mary Ann Dillon RSM

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sr Mary Chabanel Finnegan RSM

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Walter Harris

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Cheryl L Matejka

    Chief Financial Officer & Treasurer

    Total calculated
    $1,325,463
    From this org
    $0
    From related orgs
    $1,197,638
    Other
    $127,825
    Hours/week
    25 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $671,340 related
    Bonus
    $0 + $387,006 related
    Other
    $0 + $139,293 related
    Deferred
    $0 + $113,518 related
    Nontaxable benefits
    $0 + $14,307 related
    Filer's total
    $0 + $1,325,464 related

  • Philip Wheeler

    SVP, General Counsel & Secretary

    Total calculated
    $1,278,797
    From this org
    $0
    From related orgs
    $1,256,638
    Other
    $22,159
    Hours/week
    40 + 10 related

    Schedule J breakdown matched by us

    Base
    $0 + $723,660 related
    Bonus
    $0 + $524,778 related
    Other
    $0 + $8,200 related
    Deferred
    $0 + $10,828 related
    Nontaxable benefits
    $0 + $11,330 related
    Filer's total
    $0 + $1,278,797 related

  • Ajay Pathak

    SVP, Chief Strategic Ventures Officer

    Total calculated
    $778,501
    From this org
    $0
    From related orgs
    $689,091
    Other
    $89,410
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $466,118 related
    Bonus
    $0 + $156,340 related
    Other
    $0 + $66,633 related
    Deferred
    $0 + $69,609 related
    Nontaxable benefits
    $0 + $19,800 related
    Filer's total
    $0 + $778,501 related

  • Betty Jo Rocchio

    SVP, Chief Nurse Executive

    Total calculated
    $826,866
    From this org
    $0
    From related orgs
    $750,044
    Other
    $76,822
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $449,175 related
    Bonus
    $0 + $252,149 related
    Other
    $0 + $48,719 related
    Deferred
    $0 + $75,639 related
    Nontaxable benefits
    $0 + $1,183 related
    Filer's total
    $0 + $826,865 related

  • Cynthia Mercer

    EVP, Chief Administrative Officer

    Total calculated
    $1,507,222
    From this org
    $0
    From related orgs
    $1,383,481
    Other
    $123,741
    Hours/week
    20 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $723,570 related
    Bonus
    $0 + $610,089 related
    Other
    $0 + $49,822 related
    Deferred
    $0 + $115,648 related
    Nontaxable benefits
    $0 + $8,094 related
    Filer's total
    $0 + $1,507,222 related

  • Dave Thompson

    SVP, Population Health & President, Contracted Revenue

    Total calculated
    $789,850
    From this org
    $0
    From related orgs
    $701,703
    Other
    $88,147
    Hours/week
    1 + 57 related

    Schedule J breakdown matched by us

    Base
    $0 + $486,316 related
    Bonus
    $0 + $164,170 related
    Other
    $0 + $51,216 related
    Deferred
    $0 + $69,553 related
    Nontaxable benefits
    $0 + $18,594 related
    Filer's total
    $0 + $789,850 related

  • Jeffrey Ciaramita MD

    President, Specialty Service Lines

    Total calculated
    $1,392,093
    From this org
    $0
    From related orgs
    $1,249,222
    Other
    $142,871
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $840,716 related
    Bonus
    $0 + $364,187 related
    Other
    $0 + $44,320 related
    Deferred
    $0 + $127,141 related
    Nontaxable benefits
    $0 + $15,730 related
    Filer's total
    $0 + $1,392,093 related

  • John G Helton MD

    President, Primary Care

    Total calculated
    $1,535,327
    From this org
    $0
    From related orgs
    $1,373,847
    Other
    $161,480
    Hours/week
    5 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $809,550 related
    Bonus
    $0 + $522,001 related
    Other
    $0 + $42,296 related
    Deferred
    $0 + $142,052 related
    Nontaxable benefits
    $0 + $19,427 related
    Filer's total
    $0 + $1,535,326 related

  • John Mohart MD

    President, Community Operations

    Total calculated
    $863,525
    From this org
    $0
    From related orgs
    $703,915
    Other
    $159,610
    Hours/week
    21 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $208,752 related
    Bonus
    $0 + $444,205 related
    Other
    $0 + $50,958 related
    Deferred
    $0 + $139,819 related
    Nontaxable benefits
    $0 + $19,791 related
    Filer's total
    $0 + $863,525 related

  • Joseph Kelly

    EVP, Digital Transformation & Business Development Officer

    Total calculated
    $1,432,681
    From this org
    $0
    From related orgs
    $1,304,726
    Other
    $127,955
    Hours/week
    30 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $683,886 related
    Bonus
    $0 + $577,325 related
    Other
    $0 + $43,515 related
    Deferred
    $0 + $107,928 related
    Nontaxable benefits
    $0 + $20,027 related
    Filer's total
    $0 + $1,432,681 related

  • Kevin Minder

    SVP, Mission & Community Health

    Total calculated
    $600,954
    From this org
    $0
    From related orgs
    $537,331
    Other
    $63,623
    Hours/week
    10 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $321,024 related
    Bonus
    $0 + $187,689 related
    Other
    $0 + $28,618 related
    Deferred
    $0 + $56,271 related
    Nontaxable benefits
    $0 + $7,352 related
    Filer's total
    $0 + $600,954 related

  • Shannon Sock

    EVP, CSO & COO

    Total calculated
    $2,743,690
    From this org
    $0
    From related orgs
    $2,434,362
    Other
    $309,328
    Hours/week
    30 + 20 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,214,563 related
    Bonus
    $0 + $1,037,515 related
    Other
    $0 + $182,285 related
    Deferred
    $0 + $293,598 related
    Nontaxable benefits
    $0 + $15,730 related
    Filer's total
    $0 + $2,743,690 related

  • Donn Sorensen

    Former Key Employee

    Total calculated
    $956,180
    From this org
    $0
    From related orgs
    $937,784
    Other
    $18,396
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $450,000 related
    Other
    $0 + $487,784 related
    Deferred
    $0 + $18,396 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $956,181 related

  • Jeffrey A Johnston

    Former Key Employee

    Total calculated
    $2,194,976
    From this org
    $0
    From related orgs
    $2,171,277
    Other
    $23,699
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + -$10,246 related
    Bonus
    $0 + $1,300,000 related
    Other
    $0 + $881,522 related
    Deferred
    $0 + $23,649 related
    Nontaxable benefits
    $0 + $50 related
    Filer's total
    $0 + $2,194,975 related

  • Marc Gunter

    Former Key Employee

    Total calculated
    $628,743
    From this org
    $0
    From related orgs
    $616,248
    Other
    $12,495
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,606 related
    Bonus
    $0
    Other
    $0 + $402,642 related
    Deferred
    $0 + $7,720 related
    Nontaxable benefits
    $0 + $4,774 related
    Filer's total
    $0 + $628,743 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 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)

Schedule J, Part I, Line 4a Severance or change-of-control payment
THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE PAYMENT DURING CALENDAR 2022: MARC GUNTER - $390,360 JEFF JOHNSTON - $854,474 DONN SORENSEN - $487,784
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
MERCY HEALTH OFFERS SUPPLEMENTAL RETIREMENT PLANS TO CERTAIN EXECUTIVES WHICH PROVIDE BENEFITS UPON VESTING DATE BASED ON COMPENSATION, AGE AT THE TIME OF BENEFIT COMMENCEMENT, LENGTH OF SERVICE WITH THE COMPANY AND/OR ITS AFFILIATES AND LENGTH OF TENURE IN THE PLAN. THE PLANS ARE CLOSED TO NEW ENTRANTS. THE INDIVIDUALS REPORTABLE ON THIS RETURN WHO PARTICIPATE IN THE SUPPLEMENTAL RETIREMENT PLANS INCLUDE: JAMES BRITTON AND SHANNON SOCK. THE AMOUNT OF ALL ACCRUED BENEFITS IS INCLUDED IN COMPENSATION AMOUNTS PROVIDED IN SCHEDULE J, PART II, COLUMN (C). THE FOLLOWING INDIVIDUALS RECEIVED PAYOUTS FROM THE PLAN DURING THE YEAR: - JAMES BRITTON - $25,014 - SHANNON SOCK - $154,043
Schedule J, Part II
THE AMOUNTS REPORTED FOR JAMES BRITTON, PHILIP WHEELER, SHANNON SOCK, AND STEVE MACKIN. IN COLUMN (F) ARE EITHER INCLUDED IN B(I) BASE COMPENSATION, B(II) AS BONUS AND INCENTIVE COMPENSATION, OR B(III) AS OTHER REPORTABLE COMPENSATION. THESE AMOUNTS ARE A PAYOUT OF THE SUPPLEMENTAL RETIREMENT PLAN AND EXECUTIVE RETENTION PLAN AND WERE INCLUDED IN COLUMN (C) OF PREVIOUSLY FILED FORMS 990.

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • Innovation Fund 4 Mercy LLC

    Healthcare investing · MO · income $0 · assets $0

    Directly controlled by MERCY HEALTH

  • Mercy Ambulatory Care LLC

    Urgent care clinics · MO · income -$1,095,303 · assets $32,899,548

    Directly controlled by MERCY HEALTH

  • Mercy Care ACO LLC

    Accountable Care Organization · MO · income $0 · assets $0

    Directly controlled by MERCY HEALTH

  • Mercy Community ACO LLC

    Accountable Care Organization · MO · income $0 · assets $0

    Directly controlled by MERCY HEALTH

  • Mercy Health ACO LLC

    Accountable Care Organization · MO · income $0 · assets $0

    Directly controlled by MERCY HEALTH

  • TEA Properties Missouri LLC

    Real estate · MO · income $0 · assets $0

    Directly controlled by MERCY HEALTH

  • TEA Properties Oklahoma LLC

    Real estate · OK · income $0 · assets $6,664,986

    Directly controlled by MERCY HEALTH

Related partnerships

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

  • Fort Smith Emergency Medical Services

    Emergency Medical Services · AR

    Directly controlled by NA

  • Plaza Surgery Services Company LLC

    Inactive · MO

    Directly controlled by NA

  • St Edward Mercy MC M-P Office Bldg

    Office Building · AR

    Directly controlled by NA

  • Platinum CPS Holdings LLC

    Related · Holding Company · MO · 25.52% owned · share of income -$1,011,600 · share of assets $1,034,099 · general or managing partner

    Directly controlled by Mercy Health

  • Maryville Cancer Center LLC

    Outpatient Center · IL

    Directly controlled by NA

Related corporations and trusts

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

  • Frontenac Properties Inc

    C Corporation · Holding company · DE · 100% owned · share of income -$1,747,024 · share of assets $2,120,242

    Directly controlled by Mercy Health

  • Mercy Commercial Services Inc

    C Corporation · CORPORATE PARENT OF VCC TAXABLE COMMERCIAL SERVICES · MO · 100% owned · share of income $0 · share of assets $0

    Directly controlled by Mercy Health

  • Mercy Health Center Condominium Inc

    C Corporation · Real estate · OK

    Directly controlled by NA

  • Mercy Managed Care Corporation

    C Corporation · Holding company · OK · 100% owned · share of income -$1,105,615 · share of assets $19,223,254

    Directly controlled by Mercy Health

  • St Anthony's Physician Organization of Illinois

    C Corporation · Health Care · MO

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
14 May 2024
IRS schema version
2022v5.0
Source object
202441359349305314

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