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Nonprofiteer
← MERCY MEDICAL CENTER INC

Form 990 for tax year 2022

Filed by MERCY MEDICAL CENTER INC.

Totals

Total revenue
$599,540,383
Total expenses
$583,920,323
Contributions and grants received
$2,526,076
Grants paid
$292,867
Program service revenue
$569,606,863
Investment income
$9,033,465
Other revenue
$18,373,979
Total assets, end of year
$1,042,788,236
Total liabilities, end of year
$486,377,525
Net assets or fund balances, end of year
$556,410,711
Program services expenses (Part IX)
$468,162,554
Management and general expenses
$115,757,769
Fundraising expenses
$0
Program service expenses (Part III)
$468,162,554

Program services were 80.2% 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

    $2,526,076

  • 2a · Program service revenue: PATIENT REVENUE

    total $568,526,863 · related or exempt $568,526,863

  • 2b · Program service revenue: PEDIATRIC REVENUE

    total $1,080,000 · related or exempt $1,080,000

  • 3 · Investment income

    total $5,795,376 · excluded $5,795,376

  • 6a · Gross rents

    real property $1,989,074

  • 6b · Less rental expenses

    real property $1,055,655

  • 6c · Rental income or loss

    real property $933,419

  • 6d · Net rental income or loss

    total $933,419 · excluded $933,419

  • 7a · Gross sales of assets other than inventory

    securities $2,913,763 · other assets $324,326

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $2,913,763 · other assets $324,326

  • 7d · Net gain or loss

    total $3,238,089 · excluded $3,238,089

  • 11a · Other revenue: MANAGEMENT FEE

    total $12,539,007 · related or exempt $12,539,007

  • 11b · Other revenue: CAFETERIA REVENUE

    total $2,594,237 · related or exempt $2,594,237

  • 11c · Other revenue: PARKING GARAGE INCOME

    total $1,429,373 · related or exempt $1,299,403 · unrelated business $129,970

  • 11d · All other revenue

    total $877,943 · related or exempt $841,009 · unrelated business $36,934

  • 11e · Other revenue, total

    $17,440,560

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $292,867 · program services $292,867

  • 7 · Other salaries and wages

    total $228,632,264 · program services $184,986,365 · management and general $43,645,899

  • 8 · Pension plan contributions

    total $5,760,754 · program services $4,661,026 · management and general $1,099,728

  • 9 · Other employee benefits

    total $25,941,821 · program services $20,989,527 · management and general $4,952,294

  • 10 · Payroll taxes

    total $16,012,213 · program services $12,955,482 · management and general $3,056,731

  • 11a · Fees: management

    total $5,552,123 · management and general $5,552,123

  • 11b · Fees: legal

    total $1,153,590 · program services $576,795 · management and general $576,795

  • 11c · Fees: accounting

    total $644,828 · program services $440,804 · management and general $204,024

  • 11d · Fees: lobbying

    total $87,500 · management and general $87,500

  • 11f · Fees: investment management

    total $793,182 · management and general $793,182

  • 11g · Fees: other

    total $22,204,271 · program services $17,460,972 · management and general $4,743,299

  • 12 · Advertising and promotion

    total $4,136,259 · program services $289,538 · management and general $3,846,721

  • 13 · Office expenses

    total $25,770,683 · program services $19,070,298 · management and general $6,700,385

  • 14 · Information technology

    total $2,310,727 · program services $1,386,436 · management and general $924,291

  • 16 · Occupancy

    total $13,366,728 · program services $7,012,881 · management and general $6,353,847

  • 17 · Travel

    total $576,224 · program services $386,070 · management and general $190,154

  • 19 · Conferences, conventions and meetings

    total $555,974 · program services $461,458 · management and general $94,516

  • 20 · Interest

    total $12,476,837 · program services $8,550,376 · management and general $3,926,461

  • 22 · Depreciation, depletion and amortization

    total $36,665,710 · program services $25,220,671 · management and general $11,445,039

  • 23 · Insurance

    total $26,992,429 · program services $25,284,738 · management and general $1,707,691

  • 24a · Other expenses: MED AND PHARMACY SUPPLI

    total $96,088,108 · program services $96,088,108

  • 24b · Other expenses: OTHER

    total $33,351,821 · program services $23,594,861 · management and general $9,756,960

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $16,113,702 · program services $11,178,184 · management and general $4,935,518

  • 24d · Other expenses: 340B PHARMACY EXPENSE

    total $7,275,097 · program services $7,275,097

  • 24e · All other expenses

    total $1,164,611 · management and general $1,164,611

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $158,926,947 · end of year $100,140,702

  • 2 · Savings and temporary cash investments

    beginning of year $80,625,467 · end of year $114,783,495

  • 4 · Accounts receivable

    beginning of year $25,819,940 · end of year $27,302,099

  • 8 · Inventories for sale or use

    beginning of year $13,495,633 · end of year $11,753,470

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,931,361 · end of year $2,720,689

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

    $954,948,731

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

    $482,363,040

  • 10c · Land, buildings and equipment, net

    beginning of year $470,617,675 · end of year $472,585,691

  • 11 · Investments: publicly traded securities

    beginning of year $211,114,157 · end of year $245,828,644

  • 13 · Investments: program-related

    beginning of year $44,210,884 · end of year $49,615,532

  • 15 · Other assets

    beginning of year $13,667,109 · end of year $18,057,914

  • 17 · Accounts payable and accrued expenses

    beginning of year $118,502,056 · end of year $110,193,422

  • 20 · Tax-exempt bond liabilities

    beginning of year $363,166,119 · end of year $351,902,904

  • 25 · Other liabilities

    beginning of year $52,639,830 · end of year $24,281,199

  • 27 · Net assets without donor restrictions

    beginning of year $447,940,635 · end of year $512,043,580

  • 28 · Net assets with donor restrictions

    beginning of year $39,160,533 · end of year $44,367,131

Mission and programs · 2022

Mission

LIKE THE SISTERS OF MERCY BEFORE US, WE WITNESS GOD'S HEALING LOVE FOR ALL PEOPLE BY PROVIDING EXCELLENT CLINICAL SERVICES WITHIN A COMMUNITY OF COMPASSIONATE CARE. AS AN INDEPENDENT CATHOLIC HOSPITAL, WE PLEDGE TO ENHANCE THE HEALTH OF OUR REGION AND SERVE ALL PEOPLE OF EVERY CREED, COLOR, ECONOMIC, AND SOCIAL CONDITION.

  • MERCY MEDICAL CENTER (MMC) OWNS AND OPERATES A 179-LICENSED BED GENERAL ACUTE-CARE TEACHING HOSPITAL. MMC PROVIDES HOSPITAL SERVICES WITHOUT REGARD TO ABILITY TO PAY, INCLUDING MEDICAL AND SURGICAL INPATIENT AND OUTPATIENT SERVICES, EMERGENCY ROOM CARE, LABOR AND DELIVERY, AND NEONATAL INTENSIVE CARE AMONG OTHER SERVICES. IN FISCAL YEAR 2023, MERCY ADMITTED 16,603 INPATIENT AND OBSERVATION CASES, 21.0% OF WHICH WAS MEDICAL ASSISTANCE REVENUE. MMC'S LARGEST MAJOR SERVICE CATEGORY IS SURGERY AND CENTERS OF EXCELLENCE REPRESENTING 64.5% OF TOTAL HOSPITAL REVENUE. MERCY PROVIDED 28,971 SURGICAL CASES AND 8,307 INTERVENTIONAL CASES DURING THE PERIOD.MMC'S SECOND LARGEST MAJOR SERVICE CATEGORY IS MEDICINE, REPRESENTING 21.1% OF TOTAL HOSPITAL REVENUE. IN FISCAL YEAR 2023, MERCY SERVED 6,381 MEDICAL ADMISSIONS AND OBSERVATION CASES AND PROVIDED CARE FOR 42,435 EMERGENCY ROOM VISITS.MMC'S THIRD LARGEST MAJOR SERVICE CATEGORY IS OBSTETRICS/NEONATAL INTENSIVE CARE/PEDIATRICS, REPRESENTING 14.3% OF TOTAL HOSPITAL REVENUE. IN FISCAL YEAR 2023, MMC PROVIDED CARE FOR 2,286 NURSERY BIRTHS AND 278 NICU BIRTHS DURING THE PERIOD. MMC IS THE LARGEST BIRTHING HOSPITAL IN BALTIMORE CITY. APPROXIMATELY 56.7% OF MOTHERS DELIVERING AT MERCY ARE MEDICAID INSURED.

    Expenses $468,162,554 · Grants $292,867 · Revenue $586,880,519

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David N Maine MD

    CHAIR, EX OFFICIO

    Total calculated
    $1,961,974
    From this org
    $0
    From related orgs
    $1,923,165
    Other
    $38,809
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,085,032 related
    Bonus
    $0 + $838,133 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $29,659 related
    Filer's total
    $0 + $1,961,974 related

  • Justin C Deibel

    VICE CHAIR

    Total calculated
    $1,128,932
    From this org
    $0
    From related orgs
    $1,090,123
    Other
    $38,809
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $597,468 related
    Bonus
    $0 + $492,655 related
    Other
    $0
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $29,659 related
    Filer's total
    $0 + $1,128,932 related

  • Wilma Rowe MD

    SECRETARY

    Total calculated
    $1,111,438
    From this org
    $0
    From related orgs
    $1,067,811
    Other
    $43,627
    Hours/week
    39.5 + 0.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $668,142 related
    Bonus
    $0 + $399,669 related
    Other
    $0
    Deferred
    $0 + $13,725 related
    Nontaxable benefits
    $0 + $29,902 related
    Filer's total
    $0 + $1,111,438 related

  • Elinor Petrocelli

    TREASURER

    Total calculated
    $305,285
    From this org
    $281,004
    From related orgs
    $0
    Other
    $24,281
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $215,086
    Bonus
    $25,913
    Other
    $40,005
    Deferred
    $6,566
    Nontaxable benefits
    $17,715
    Filer's total
    $305,285

  • Michael C Mullane

    DIRECTOR

    Total calculated
    $227,997
    From this org
    $200,807
    From related orgs
    $0
    Other
    $27,190
    Hours/week
    25 + 15 related

    Schedule J breakdown matched by us

    Base
    $106,844
    Bonus
    $93,963
    Other
    $0
    Deferred
    $3,830
    Nontaxable benefits
    $23,360
    Filer's total
    $227,997

  • Rev R Thomas Malia

    DIRECTOR

    Total calculated
    $96,570
    From this org
    $82,989
    From related orgs
    $0
    Other
    $13,581
    Hours/week
    40

  • Susan D Finlayson

    DIRECTOR

    Total calculated
    $880,931
    From this org
    $866,017
    From related orgs
    $0
    Other
    $14,914
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $480,342
    Bonus
    $385,675
    Other
    $0
    Deferred
    $13,725
    Nontaxable benefits
    $1,189
    Filer's total
    $880,931

  • Stacey Sedalia Brull

    DIRECTOR

    Total calculated
    $389,703
    From this org
    $351,433
    From related orgs
    $0
    Other
    $38,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $248,810
    Bonus
    $33,075
    Other
    $69,548
    Deferred
    $8,611
    Nontaxable benefits
    $29,659
    Filer's total
    $389,703

  • Ralph J Lebron

    DIRECTOR (STARTED 1/1/2023)

    Total calculated
    $467,904
    From this org
    $428,852
    From related orgs
    $0
    Other
    $39,052
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $394,002
    Bonus
    $34,850
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $29,902
    Filer's total
    $467,904

  • Tammy L Janus

    SENIOR VP HR

    Total calculated
    $546,952
    From this org
    $504,568
    From related orgs
    $0
    Other
    $42,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $313,252
    Bonus
    $191,316
    Other
    $0
    Deferred
    $12,725
    Nontaxable benefits
    $29,659
    Filer's total
    $546,952

  • Perry Kathleen

    SVP AND CHIEF INFORMATION OFFICER ( CIO) UNTIL OCT

    Total calculated
    $600,765
    From this org
    $559,371
    From related orgs
    $0
    Other
    $41,394
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $395,464
    Bonus
    $163,907
    Other
    $0
    Deferred
    $16,845
    Nontaxable benefits
    $24,549
    Filer's total
    $600,765

  • Robert A Edwards

    SENIOR VP PHYSICIAN DELIVE

    Total calculated
    $500,134
    From this org
    $471,336
    From related orgs
    $0
    Other
    $28,798
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $88,509
    Bonus
    $69,760
    Other
    $313,067
    Deferred
    $122
    Nontaxable benefits
    $28,676
    Filer's total
    $500,134

  • Christopher Thomaskutty

    SVP CLIN PROG - CHIEF OF STAFF

    Total calculated
    $765,608
    From this org
    $726,799
    From related orgs
    $0
    Other
    $38,809
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $418,826
    Bonus
    $307,973
    Other
    $0
    Deferred
    $9,150
    Nontaxable benefits
    $29,659
    Filer's total
    $765,608

  • Judith Weiland

    SVP STRATEGIC & CAPITAL PLANNING

    Total calculated
    $648,433
    From this org
    $620,203
    From related orgs
    $0
    Other
    $28,230
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $387,367
    Bonus
    $232,836
    Other
    $0
    Deferred
    $16,560
    Nontaxable benefits
    $11,670
    Filer's total
    $648,433

  • Thomas R Mullen

    FORMER CHAIR, EX OFFICIO

    Total calculated
    $292,833
    From this org
    $0
    From related orgs
    $266,203
    Other
    $26,630
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $125,109 related
    Bonus
    $0 + $141,094 related
    Other
    $0
    Deferred
    $0 + $3,173 related
    Nontaxable benefits
    $0 + $23,457 related
    Filer's total
    $0 + $292,833 related

  • Scott Spier MD

    FORMER DIRECTOR

    Total calculated
    $70,709
    From this org
    $44,010
    From related orgs
    $0
    Other
    $26,699
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $44,010
    Bonus
    $0
    Other
    $0
    Deferred
    $3,090
    Nontaxable benefits
    $23,609
    Filer's total
    $70,709

  • John E Topper

    FORMER VICE CHAIR (THRU 21)

    Total calculated
    $339,425
    From this org
    $0
    From related orgs
    $338,557
    Other
    $868
    Hours/week
    15 + 25 related

    Schedule J breakdown matched by us

    Base
    $0 + $112,099 related
    Bonus
    $0 + $226,458 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $868 related
    Filer's total
    $0 + $339,425 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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION RELIED ON A RELATED ORGANIZATION AND THAT RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION: 1. COMPENSATION COMMITTEE 2. INDEPENDENT COMPENSATION CONSULTANT 3. COMPENSATION SURVEY OR STUDY; AND 4. APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 7
THE COMPENSATION COMMITTEE APPROVES NON-FIXED PAYMENTS FOR MANAGMENT BASED ON THE DEGREE OF MEETING CORPORATE PRIORITIES ESTABLISHED BY THE BOARD OF TRUSTEES. THE CORPORATE OBJECTIVES ARE DESIGNED TO ADVANCE THE ORGANIZATION IN THE AREAS OF QUALITY CARE, PATIENT SAFETY, PATIENT SATISFACTION, BUSINESS DEVELOPMENT AND FINANCIAL STRENGTH.

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.

Related corporations and trusts

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

  • GREENLEAF INSURANCE CO LTD

    C · INSURANCE · CJ · 100% owned · share of income $31,807,396 · share of assets $182,669,200 · controlled entity

    Directly controlled by MERCY MEDICAL

  • VASCULAR SPECIALTY SERVICES INC

    C · MEDICAL PRACTICE · MD

Provenance

Return type
form_990
Tax year
2022
Filed
5 April 2024
IRS schema version
2022v5.0
Source object
202430999349300623

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