Totals
- Total revenue
- $13,997,938
- Total expenses
- $3,800,079
- Contributions and grants received
- $13,997,938
- Grants paid
- $287,806
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $21,602,016
- Total liabilities, end of year
- $6,304,497
- Net assets or fund balances, end of year
- $15,297,519
- Program services expenses (Part IX)
- $3,689,260
- Management and general expenses
- $110,819
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,689,260
Program services were 97.1% 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
$12,720,000
-
1f · All other contributions, gifts and grants
$1,277,938
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $287,806 · program services $287,806
-
11a · Fees: management
total $49,928 · program services $49,928
-
11g · Fees: other
total $29,310 · management and general $29,310
-
23 · Insurance
total $81,509 · management and general $81,509
-
24a · Other expenses: SYSTEM VALUE SUPPORT/QU
total $2,699,887 · program services $2,699,887
-
24b · Other expenses: WELLMARK FY22 FINAL PER
total $651,639 · program services $651,639
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $788,127 · end of year $509,046
-
9 · Prepaid expenses and deferred charges
beginning of year $3,936,838 · end of year $3,469,653
-
12 · Investments: other securities
beginning of year $18,561,028 · end of year $17,590,682
-
15 · Other assets
beginning of year $107,286 · end of year $32,635
-
25 · Other liabilities
beginning of year $4,603,272 · end of year $6,304,497
-
27 · Net assets without donor restrictions
beginning of year $18,790,007 · end of year $15,297,519
Mission and programs · 2023
Mission
TO PROVIDE GENERAL STRATEGIC DIRECTION AND OVERSIGHT FUNCTIONS IN CONJUNCTION WITH THE PRIMARY PURPOSE OF ENGAGING IN ACTIVITIES WHICH PROMOTE THE GENERAL HEALTH OF THE COMMUNITY IN ACCORDANCE WITH THE IDEALS OF THE SISTERS OF MERCY.
-
TO PROVIDE STRATEGIC DIRECTION AND OVERSIGHT IN ACTIVITIES WHICH PROMOTE THE GENERAL HEALTH OF THE COMMUNITY IN ACCORDANCE WITH THE IDEALS OF THE SISTERS OF MERCY.
Expenses $3,689,260 · Grants $287,806
As filed on the 2023 return.
Listed in Part VII
-
Timothy Quinn MDTIMOTHY QUINN MD
PRESIDENT & CEO
- Total calculated
- $795,201
- From this org
- $0
- From related orgs
- $709,298
- Other
- $85,903
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $705,684 related
- Bonus
- $0
- Other
- $0 + $3,614 related
- Deferred
- $0 + $57,922 related
- Nontaxable benefits
- $0 + $27,981 related
- Filer's total
- $0 + $795,201 related
-
John-Paul BesongJOHN-PAUL BESONG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Lydia BrownLYDIA BROWN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michele BusseMICHELE BUSSE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob CataldoBOB CATALDO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Chris DewolfCHRIS DEWOLF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barrie ErnstBARRIE ERNST
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tony GolobicTONY GOLOBIC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sister Luann HannaschSISTER LUANN HANNASCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nancy KasparekNANCY KASPAREK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Sister Sharon KerriganSISTER SHARON KERRIGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barb KnappBARB KNAPP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sister Terry MaltbySISTER TERRY MALTBY
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Cheryle MitvalskyCHERYLE MITVALSKY
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Darrel MorfDARREL MORF
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rue PatelRUE PATEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Fred Pilcher MDFRED PILCHER MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mary QuassMARY QUASS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John RifeJOHN RIFE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Charles RohdeCHARLES ROHDE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Al RuffaloAL RUFFALO
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Kyle SkogmanKYLE SKOGMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John SmithJOHN SMITH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Sister Maurita SoukupSISTER MAURITA SOUKUP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Nathan Van GenderenNATHAN VAN GENDEREN
EXECUTIVE VP & COO/CFO
- Total calculated
- $558,378
- From this org
- $0
- From related orgs
- $491,544
- Other
- $66,834
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $490,296 related
- Bonus
- $0
- Other
- $0 + $1,248 related
- Deferred
- $0 + $43,232 related
- Nontaxable benefits
- $0 + $23,602 related
- Filer's total
- $0 + $558,378 related
-
Timothy L CharlesTIMOTHY L CHARLES
FORMER PRESIDENT & CEO
- Total calculated
- $737,812
- From this org
- $0
- From related orgs
- $737,385
- Other
- $427
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $168,423 related
- Bonus
- $0
- Other
- $0 + $568,962 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $427 related
- Filer's total
- $0 + $737,812 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
- MERCYCARE SERVICE CORPORATION DETERMINES THE COMPENSATION OF THE MERCY MEDICAL CENTER'S, A TAX-EXEMPT RELATED ORGANIZATION, TOP MANAGEMENT OFFICIALS, OFFICERS, DIRECTORS, AND KEY EMPLOYEES, AS APPLICABLE. MERCYCARE SERVICE CORPORATION UTILIZES A HUMAN RESOURCES COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE COMPENSATION COMMITTEE TO DETERMINE SUCH COMPENSATION.
- PART I, LINE 4B
- THE FOLLOWING INDIVIDUALS PARTICIPATED IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN SPONSORED BY MERCY MEDICAL CENTER, A TAX-EXEMPT RELATED ORGANIZATION: TIMOTHY QUINN, M.D. - $49,672, AND NATHAN VAN GENDEREN - $34,982. THE DOLLAR AMOUNT REPRESENTS THE CURRENT YEAR CONTRIBUTION AND EARNINGS CREDITS MADE BY MERCY MEDICAL CENTER 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
-
$287,806
CHARITABLE GRANTS
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.
-
501(C)(3) · HEALTH CARE · IA · controlled entity
Directly controlled by MERCYCARE SERVICE CORPORATION
-
MERCY HOSPITAL CEDAR RAPIDS IA ENDOWMENT FOUNDATION INC
501(C)(3) · FUNDRAISING FOR MERCY MEDICAL CENTER · IA · controlled entity
Directly controlled by MERCY MEDICAL CENTER
-
501(C)(3) · APPROPRIATE AND DEVELOP SENIOR HOUSING PROJECT · IA · controlled entity
Directly controlled by MERCY MEDICAL CENTER
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.
-
MR ASSOCIATES LLP
MEDICAL IMAGING · IA · general or managing partner
-
CEDAR RAPIDS PHYSICIANS-HOSP ORG LC
PHYSICIAN CREDENTIALING · IA
-
EASTERN IOWA SLEEP CENTER
SLEEP STUDIES · IA · general or managing partner
-
USRC EASTERN IOWA LLC
DIALYSIS · TX · general or managing partner
-
MERCY SURGERY CENTER LLC
OUTPATIENT SURGERY CENTER · IA · general or managing partner
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MERCY CARE MANAGEMENT INC
C · MEDICAL CLINICS · IA · 100% owned · share of income $6,089,043 · share of assets $211,539,147 · controlled entity
Directly controlled by MERCYCARE SERVICE CORPORATION
-
MERCY PHYSICIANS ASSOCIATES (SUB OF MCM INC)
C · MEDICAL SERVICES · IA · 100% owned · share of income $26,600,165 · share of assets $481,708,888 · controlled entity
Directly controlled by MERCY CARE MANAGEMENT INC
-
MERCY PHYSICIAN SERVICES INC (SUB OF MCM INC)
C · SUPPORT SERVICES · IA · 100% owned · share of income -$46,345,880 · share of assets $27,573,541 · controlled entity
Directly controlled by MERCY CARE MANAGEMENT INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349309119
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