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Nonprofiteer
← MERCY MEDICAL CENTER

Form 990 for tax year 2023

Filed by MERCY MEDICAL CENTER.

Totals

Total revenue
$478,815,186
Total expenses
$488,223,931
Contributions and grants received
$9,401,529
Grants paid
$14,218,152
Program service revenue
$467,204,529
Investment income
$1,395,215
Other revenue
$813,913
Total assets, end of year
$728,179,406
Total liabilities, end of year
$233,949,157
Net assets or fund balances, end of year
$494,230,249
Program services expenses (Part IX)
$394,125,356
Management and general expenses
$94,098,575
Fundraising expenses
$0
Program service expenses (Part III)
$394,125,356

Program services were 80.7% 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.

  • 1d · Related organizations

    $8,844,134

  • 1f · All other contributions, gifts and grants

    $557,395

  • 1g · Noncash contributions included above

    $40,890

  • 2a · Program service revenue: PATIENT REVENUES

    total $334,954,178 · related or exempt $334,954,178

  • 2b · Program service revenue: LABORATORY REVENUE

    total $132,094,153 · related or exempt $131,052,077 · unrelated business $1,042,076

  • 2c · Program service revenue: FAMILY COUNSELING REVENUE

    total $156,198 · related or exempt $156,198

  • 3 · Investment income

    total $4,355,329 · excluded $4,355,329

  • 6a · Gross rents

    real property $2,477,034

  • 6b · Less rental expenses

    real property $1,738,424

  • 6c · Rental income or loss

    real property $738,610

  • 6d · Net rental income or loss

    total $738,610 · excluded $738,610

  • 7a · Gross sales of assets other than inventory

    securities $119,961,289 · other assets $170,833

  • 7b · Less cost or other basis and sales expenses

    securities $122,856,872 · other assets $235,364

  • 7c · Gain or loss

    securities -$2,895,583 · other assets -$64,531

  • 7d · Net gain or loss

    total -$2,960,114 · excluded -$2,960,114

  • 10a · Gross sales of inventory

    $2,350,083

  • 10b · Cost of goods sold

    $2,897,437

  • 10c · Net income from sales of inventory

    total -$547,354 · excluded -$547,354

  • 11a · Other revenue: INVESTMENT PARTNERSHIP INCOME(LOS

    total $4,718,793 · related or exempt $3,587,578 · unrelated business $1,131,215

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $1,364 · related or exempt $1,364

  • 11c · Other revenue: MRI JOINT VENTURE

    total -$4,097,500 · related or exempt -$4,097,500

  • 11e · Other revenue, total

    $622,657

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,218,152 · program services $14,218,152

  • 5 · Compensation of officers, directors and key employees

    total $2,595,954 · program services $2,080,396 · management and general $515,558

  • 7 · Other salaries and wages

    total $199,114,005 · program services $159,569,873 · management and general $39,544,132

  • 8 · Pension plan contributions

    total $6,393,160 · program services $5,123,476 · management and general $1,269,684

  • 9 · Other employee benefits

    total $19,809,800 · program services $15,875,565 · management and general $3,934,235

  • 10 · Payroll taxes

    total $12,474,765 · program services $9,997,271 · management and general $2,477,494

  • 11b · Fees: legal

    total $375,602 · program services $301,007 · management and general $74,595

  • 11d · Fees: lobbying

    total $37,139 · program services $29,763 · management and general $7,376

  • 11f · Fees: investment management

    total $3,156 · program services $2,529 · management and general $627

  • 11g · Fees: other

    total $56,532,722 · program services $45,305,298 · management and general $11,227,424

  • 12 · Advertising and promotion

    total $1,250,707 · program services $1,002,316 · management and general $248,391

  • 13 · Office expenses

    total $105,252,520 · program services $84,349,322 · management and general $20,903,198

  • 14 · Information technology

    total $654,306 · program services $524,361 · management and general $129,945

  • 16 · Occupancy

    total $5,438,723 · program services $4,358,590 · management and general $1,080,133

  • 17 · Travel

    total $157,205 · program services $125,984 · management and general $31,221

  • 19 · Conferences, conventions and meetings

    total $278,133 · program services $222,896 · management and general $55,237

  • 20 · Interest

    total $6,171,370 · program services $4,945,733 · management and general $1,225,637

  • 22 · Depreciation, depletion and amortization

    total $20,787,054 · program services $16,658,736 · management and general $4,128,318

  • 23 · Insurance

    total $1,949,693 · program services $1,562,483 · management and general $387,210

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $197,317 · program services $197,317

  • 24b · Other expenses: CONTRACTED SERVICES

    total $23,814,557 · program services $19,084,975 · management and general $4,729,582

  • 24c · Other expenses: REPAIRS

    total $3,419,858 · program services $2,740,673 · management and general $679,185

  • 24d · Other expenses: TAXES & LICENSES

    total $2,431,795 · program services $1,948,839 · management and general $482,956

  • 24e · All other expenses

    total $4,866,238 · program services $3,899,801 · management and general $966,437

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,265,576 · end of year $10,427,727

  • 2 · Savings and temporary cash investments

    beginning of year -$321,553 · end of year -$698,731

  • 4 · Accounts receivable

    beginning of year $53,324,654 · end of year $88,547,908

  • 7 · Other notes and loans receivable

    beginning of year $630,112 · end of year $811,116

  • 8 · Inventories for sale or use

    beginning of year $10,126,745 · end of year $10,003,254

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,020,954 · end of year $9,611,679

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

    $620,079,762

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

    $396,207,137

  • 10c · Land, buildings and equipment, net

    beginning of year $221,026,870 · end of year $223,872,625

  • 11 · Investments: publicly traded securities

    beginning of year $267,154,854 · end of year $238,834,936

  • 13 · Investments: program-related

    beginning of year $144,709,184 · end of year $146,768,892

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,435,271 · end of year $102,473,420

  • 19 · Deferred revenue

    beginning of year $1,177,423 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $111,146,126 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $108,502,609

  • 25 · Other liabilities

    beginning of year $23,614,523 · end of year $22,973,128

  • 27 · Net assets without donor restrictions

    beginning of year $411,276,767 · end of year $415,713,907

  • 28 · Net assets with donor restrictions

    beginning of year $78,287,286 · end of year $78,516,342

Mission and programs · 2023

Mission

TO CARE FOR THE SICK AND ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, GUIDED BY THE SPIRIT OF THE SISTERS OF MERCY.

  • MERCY MEDICAL CENTER (HOSPITAL) PROVIDES MEDICAL HEALTH CARE, INCLUDING 24 HOURS A DAY, SEVEN DAYS A WEEK TRAUMA CENTER SERVICE, TO ALL PATIENTS ACCESSING THE SYSTEM, REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. A PATIENT IS CLASSIFIED AS A CHARITY PATIENT BY REFERENCE TO CERTAIN ESTABILISHED POLICIES OF THE HOSPITAL. ESSENTIALLY, THESE POLICIES DEFINE CHARITY SERVICES AS THOSE SERVICES FOR WHICH NO OR NOMINAL PAYMENT IS ANTICIPATED. ADDITIONALLY, EACH HOSPITAL DEPARTMENT ACCEPTS ALL PATIENTS WHO ARE COVERED BY GOVERNMENTAL INDIGENT PROGRAMS. SUCH INDIGENT PROGRAMS TYPICALLY REMIT AMOUNTS SUBSTANTIALLY LESS THAN CHARGES. THE FOLLOWING SUMMARIZES THE HOSPITAL'S CARE OF THE UNINSURED AND UNDERINSURED. COSTS IN EXCESS OF MEDICARE REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICARE) - $42,540,000; OTHER COMMUNITY BENEFITS (INCLUDES SUBSIDIZED HEALTH SERVICES, FINANCIAL CONTRIBUTIONS) - $3,855,000; FREE SERVICE (TO PATIENTS WHO MEET MERCY'S FREE-SERVICE GUIDELINES) - $4,590,000; COSTS IN EXCESS OF MEDICAID REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICAID) - $14,380,000, PHYSICIAN EDUCATION - $(682,000). IN ADDITION, CHARITY CARE AND COMMUNITY SERVICE ARE PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR. THESE PROGRAMS PROVIDE A BONA FIDE COMMUNITY HEALTH NEED, INCLUDING: A. PUBLIC AND PROFESSIONAL EDUCATIONAL SEMINAR ARE OFFERED ON A VARIETY OF TOPICS INCLUDING JOINT REPLACEMENT SURGERY, PRENATAL EDUCATION, DIABETES, MENTAL HEALTH DISORDERS, AND NUMEROUS OTHER MEDICAL CONDITIONS OF MEDICAL AND PSYCHOSOCIAL NATURE. SPECIALIZED CANCER SEMINARS ARE ALSO OFFERED. B. HOSPITAL MEETING FACILITIES WHICH ARE FREQUENTLY USED WITHOUT CHARGE BY SUCH GROUPS AS THE AMERICAN HEART ASSOCIATION, IOWA BREAST CANCER FOUNDATION, HEALTHY LINN NETWORK ADVISORY COMMITTEE, OVEREATERS ANONYMOUS, CATHOLIC LAYMEN, UNITED WAY, CATHERINE MCAULEY CENTER FOR WOMEN, THE AMERICAN CANCER SOCIETY. M.S. SUPPORT GROUP, EASTERN IOWA ONCOLOGY NURSES SOCIETY, THE IOWA CANCER CONSORTIUM, THE PARENT EDUCATION CONSORTIUM, ARC OF EAST CENTRAL IOWA, AND SEVERAL OTHER GROUPS. C. CONTRIBUTIONS OF APPROXIMATELY 96,986 HOURS TOWARD THE COMMON PURPOSE OF SERVING THE HEALTH CARE OF THE COMMUNITY. THE VALUE OF THESE CONTRIBUTIONS WAS APPROXIMATELY $1,487,000 AND WAS GIVEN BACK TO THE COMMUNITY THROUGH LOWER COSTS.

    Expenses $394,125,356 · Grants $14,218,152 · Revenue $465,653,895

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Timothy Quinn MD

    PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $795,201
    From this org
    $709,298
    From related orgs
    $0
    Other
    $85,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $705,684
    Bonus
    $0
    Other
    $3,614
    Deferred
    $57,922
    Nontaxable benefits
    $27,981
    Filer's total
    $795,201
  • John-Paul Besong

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Lydia Brown

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Michele Busse

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Bob Cataldo

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Chris Dewolf

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Barrie Ernst

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Tony Golobic

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Sister Luann Hannasch

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Nancy Kasparek

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Sister Sharon Kerrigan

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Barb Knapp

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Sister Terry Maltby

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Cheryle Mitvalsky

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Darrel Morf

    VICE CHAIRMAN/TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Rue Patel

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Fred Pilcher MD

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Mary Quass

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • John Rife

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Charles Rohde

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Al Ruffalo

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Kyle Skogman

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • John Smith

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Sister Maurita Soukup

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Ann Stroh

    MEMBER BOARD OF TRUSTEES

    Total calculated
    $0
    Hours/week
    1
  • Nathan Van Genderen

    EXECUTIVE VICE PRESIDENT & CFO/COO

    Total calculated
    $558,378
    From this org
    $491,544
    From related orgs
    $0
    Other
    $66,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $490,296
    Bonus
    $0
    Other
    $1,248
    Deferred
    $43,232
    Nontaxable benefits
    $23,602
    Filer's total
    $558,378
  • Nancy Hill

    CHIEF TALENT OFFICER

    Total calculated
    $367,144
    From this org
    $325,587
    From related orgs
    $0
    Other
    $41,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $323,741
    Bonus
    $0
    Other
    $1,846
    Deferred
    $29,875
    Nontaxable benefits
    $11,682
    Filer's total
    $367,144
  • Jeffrey Cash

    CHIEF INFORMATION OFFICER

    Total calculated
    $392,164
    From this org
    $340,132
    From related orgs
    $0
    Other
    $52,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $334,698
    Bonus
    $0
    Other
    $5,434
    Deferred
    $29,949
    Nontaxable benefits
    $22,083
    Filer's total
    $392,164
  • Mary Brobst

    FORMER CHIEF NURSING OFFICER

    Total calculated
    $342,422
    From this org
    $322,299
    From related orgs
    $0
    Other
    $20,123
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $237,345
    Bonus
    $0
    Other
    $84,954
    Deferred
    $6,015
    Nontaxable benefits
    $14,108
    Filer's total
    $342,422
  • Tony Myers MD

    CHIEF MEDICAL OFFICER

    Total calculated
    $495,288
    From this org
    $429,220
    From related orgs
    $0
    Other
    $66,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $425,606
    Bonus
    $0
    Other
    $3,614
    Deferred
    $38,597
    Nontaxable benefits
    $27,471
    Filer's total
    $495,288
  • Amandeep Dhaliwal MD

    PHYSICIAN

    Total calculated
    $1,344,908
    From this org
    $1,315,465
    From related orgs
    $0
    Other
    $29,443
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $674,309
    Bonus
    $640,616
    Other
    $540
    Deferred
    $7,250
    Nontaxable benefits
    $22,193
    Filer's total
    $1,344,908
  • Sachin Goyal MD

    PHYSICIAN

    Total calculated
    $1,340,484
    From this org
    $1,332,795
    From related orgs
    $0
    Other
    $7,689
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $840,558
    Bonus
    $467,134
    Other
    $25,103
    Deferred
    $5,632
    Nontaxable benefits
    $2,057
    Filer's total
    $1,340,484
  • Chong C Lee MD

    PHYSICIAN

    Total calculated
    $2,020,262
    From this org
    $1,987,567
    From related orgs
    $0
    Other
    $32,695
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,852,203
    Bonus
    $131,800
    Other
    $3,564
    Deferred
    $6,259
    Nontaxable benefits
    $26,436
    Filer's total
    $2,020,262
  • Barakat Aburajab Altamimi MD

    PHYSICIAN

    Total calculated
    $1,312,104
    From this org
    $1,276,722
    From related orgs
    $0
    Other
    $35,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $827,952
    Bonus
    $429,167
    Other
    $19,603
    Deferred
    $7,250
    Nontaxable benefits
    $28,132
    Filer's total
    $1,312,104
  • Shane A Gailushas MD

    PHYSICIAN

    Total calculated
    $1,410,368
    From this org
    $1,370,136
    From related orgs
    $0
    Other
    $40,232
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $612,660
    Bonus
    $756,666
    Other
    $810
    Deferred
    $7,250
    Nontaxable benefits
    $32,982
    Filer's total
    $1,410,368
  • Timothy L Charles

    FORMER PRESIDENT & CHIEF EXECUTIVE OFFICER

    Total calculated
    $737,812
    From this org
    $737,385
    From related orgs
    $0
    Other
    $427
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,423
    Bonus
    $0
    Other
    $568,962
    Deferred
    $0
    Nontaxable benefits
    $427
    Filer's total
    $737,812

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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 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 4B
THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN IN 2023: JEFFREY CASH - $22,391, NANCY HILL-DAVIS - $22,961, TIMOTHY QUINN M.D. - $49,672, TONY MYERS M.D. - $30,347, AND NATHAN VAN GENDEREN - $34,982. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION AND EARNINGS CREDITS MADE BY THE ORGANIZATION ON BEHALF OF THE INDIVIDUALS TO THE PLAN IN 2023.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • MERCYCARE ACCOUNTABLE CARE ORGANIZATION LLC

    ACCOUNTABLE CARE ORGANIZATION · IA · income $1,595,241 · assets $1,164,431

    Directly controlled by MERCY MEDICAL CENTER

Related partnerships

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

  • MR ASSOCIATES LLP

    RELATED · MEDICAL IMAGING · IA · 33.33% owned · share of income $1,790,590 · share of assets $637,664 · general or managing partner

    Directly controlled by MERCY MEDICAL CENTER

  • CEDAR RAPIDS PHYSICIANS-HOSP ORG LC

    RELATED · PHYSICIAN CREDENTIALING · IA · 53.78% owned · share of income $310,239 · share of assets $3,407,382

  • EASTERN IOWA SLEEP CENTER

    RELATED · SLEEP STUDIES · IA · 33.33% owned · share of income $191,629 · share of assets $460,255 · general or managing partner

  • USRC EASTERN IOWA LLC

    RELATED · DIALYSIS · TX · 49% owned · share of income $576,644 · share of assets $363,715 · general or managing partner

  • MERCY SURGERY CENTER LLC

    RELATED · OUTPATIENT SURGERY CENTER · IA · 60% owned · share of income $168,232 · share of assets $4,680,354 · general or managing partner

    Directly controlled by MERCY MEDICAL CENTER

Related corporations and trusts

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

  • MERCY CARE MANAGEMENT INC

    C · MEDICAL CLINICS · IA · controlled entity

  • MERCY PHYSICIANS ASSOCIATES (SUB OF MERCY CARE MANAGEMENTINC)

    C · MEDICAL SERVICES · IA · controlled entity

  • MERCY PHYSICIAN SERVICES (SUB OF MERCY CARE MANAGEMENTINC)

    C · SUPPORT SERVICES · IA · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202511359349309521

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