Overview
What is Mercy Medical Center?
Mercy Medical Center, located in Cedar Rapids, Iowa, is a renowned healthcare institution that prioritizes serving patients regardless of their background or ability to pay. With a team of 2,962 employees, the hospital provides comprehensive medical care, including round-the-clock trauma center services. They extend charity care to those who meet their established policies, offering free or reduced-priced services. The hospital also contributes substantially to the community through educational seminars, meeting facilities, and volunteer hours, totaling approximately 76,185 hours annually. The mission of Mercy Medical Center is to care for the sick and enhance the health of the communities they serve, guided by the spirit of the Sisters of Mercy.
Official website here: www.mercycare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Mercy Medical Center has achieved a high rating of 96% from Charity Navigator, which reflects its strong commitment to accountability and finance. The charity’s score is solely based on its exceptional performance in these areas, with significant achievements noted in its governance and financial oversight. An independent board comprising 80% members demonstrates a commitment to transparency, further enhancing its credibility.
The organization has successfully maintained a high program expense ratio of over 80%, indicating that the majority of its resources are directed towards its mission rather than administrative costs. Additionally, Mercy Medical Center has established comprehensive policies, including conflict of interest and whistleblower protections, contributing to its operational integrity. These factors underscore the charity's dedication to responsible financial management.
While the overall rating is commendable, the summary does not highlight any specific limitations or challenges faced by Mercy Medical Center. However, the organization's strong governance and financial practices provide a solid foundation for its operations and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Medical Center legitimate?
Mercy Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Medical Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $3,142,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $168,981,425
For more financial information, click here
Official website here: www.mercycare.org
What is the mission statement of Mercy Medical Center?
Mercy Medical Center is dedicated to caring for the sick and enhancing the health of the communities it serves. Guided by the spirit of the Sisters of Mercy, the hospital offers medical healthcare services to all patients, regardless of race, creed, sex, national origin, handicap, age, or ability to pay. The hospital goes beyond just providing healthcare, offering charitable services through reduced-price programs and community education seminars on various medical conditions. These seminars cover topics such as joint replacement surgery, mental health disorders, and numerous other medical and psychosocial issues. The hospital's meeting facilities are frequently used without charge by various community organizations, including health-related groups and support organizations. Mercy Medical Center contributes approximately 76,185 hours towards the common purpose of serving the community, which amounts to around $1,106,244 in value given back to the community through lower costs.
Official website here: www.mercycare.org
Who is the CEO of Mercy Medical Center?
Nathan Van Genderen is the President & Chief Executive Officer of Mercy Medical Center. The CEO's salary of Mercy Medical Center is $1,289,481 and their total compensation is $1,368,154.
Official website here: www.mercycare.org
What is the revenue of Mercy Medical Center?
Mercy Medical Center's revenue in 2022 was $418,379,415.
Official website here: www.mercycare.org
Who are the executives of Mercy Medical Center and what are their salaries?
The average compensation at Mercy Medical Center during 2022 was $58,111. There are 2962 employees and 509 volunteers at Mercy Medical Center.
Here are 36 key members and their salaries (Mercy Medical Center's CEO's salary is $1,289,481 and their total compensation is $1,368,154):
- Compensation: $1,289,481
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- Other: $78,673
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- Compensation: $831,381
- Related: $0
- Other: $73,273
- Compensation: $640,562
- Related: $0
- Other: $64,928
- Compensation: $436,574
- Related: $0
- Other: $34,477
- Compensation: $438,259
- Related: $0
- Other: $52,257
- Compensation: $448,816
- Related: $0
- Other: $50,013
- Compensation: $1,033,499
- Related: $0
- Other: $22,872
- Compensation: $1,126,703
- Related: $0
- Other: $27,193
- Compensation: $1,503,514
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- Other: $37,568
- Compensation: $1,138,213
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- Other: $39,427
- Compensation: $1,417,952
- Related: $0
- Other: $36,568
Official website here: www.mercycare.org
Where can I find the form 990 for Mercy Medical Center?
Mercy Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercycare.org
Learn more at the official website: www.mercycare.org
Mission Statement of Mercy Medical Center
Mercy Medical Center, a renowned healthcare institution, is dedicated to caring for the sick and enhancing the health of the communities it serves. Guided by the spirit of the Sisters of Mercy, this mission drives the hospital to provide essential medical care to all patients, regardless of race, creed, sex, national origin, handicap, age, or ability to pay.
Mercy Medical Center goes above and beyond to serve those in need. It offers 24/7 trauma center services and accepts patients covered by governmental indigent programs. The hospital's charity services include those for which no or nominal payment is anticipated, and each department caters to patients with such coverage. In 20XX, Mercy Medical Center provided costly services worth $28,080,000 to uninsured and underinsured patients. In addition, the hospital offers reduced-price services and free programs, contributing significantly to the community's health.
The hospital's community benefits extend beyond direct patient care. Mercy Medical Center hosts educational seminars on various medical topics, such as joint replacement surgery, prenatal education, diabetes, mental health disorders, and numerous other conditions. These events cater to both medical professionals and the general public, promoting awareness and knowledge in the community. The hospital also makes its meeting facilities available to numerous organizations, including the American Heart Association, the Iowa Breast Cancer Foundation, and several support groups, at no charge. These collaborations strengthen the healthcare network and contribute to the overall wellbeing of the community. Furthermore, Mercy Medical Center contributed approximately 76,185 hours toward community healthcare initiatives, with a value of approximately $1,106,244. These efforts were returned to the community through lower costs.
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Impact
October, 2024
Mercy Medical Center significantly impacts the Cedar Rapids community by providing comprehensive medical care and addressing health disparities among its residents. Open 24 hours a day, this facility offers essential services, including trauma care, to all patients, ensuring that healthcare access is available regardless of background, ability to pay, or insurance status.
The center prioritizes the needs of the uninsured and underinsured, contributing over $28 million in costs that exceed Medicare reimbursements and an additional $12.5 million over Medicaid reimbursements. It also provides nearly $5 million in free services to qualifying patients and supports community health through various subsidized programs.
In addition to direct medical care, Mercy Medical Center emphasizes health education and wellness by hosting public seminars on diverse topics such as diabetes, mental health, and joint replacement surgery. It collaborates with various local organizations, offering meeting spaces at no charge, and fosters community involvement through volunteer efforts valued at over $1 million.
Through these initiatives, Mercy Medical Center not only cares for the sick but also enhances the overall health and well-being of the community it serves, embodying the spirit of support and compassion that guides its mission.
This information is meant to be a general summary of Mercy Medical Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $16,653,110
- Program Service Revenue: $390,702,891
- Gross Receipts: $566,477,030
Assets and Liabilities:
- Total Assets: $716,000,674
- Total Liabilities: $209,763,154
- Net Assets: $506,237,520
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT REVENUES
Revenue
$266,548,530
LABORATORY REVENUE
Revenue
$129,973,438
FAMILY COUNSELING REVENUE
Revenue
$217,887
LESS: PROVISION FOR BAD DEBT
Revenue
-$6,036,964
Organization Details
Founding Year
1900
Phone
(319) 398-6105Principal Officer
Nathan Van Genderen
Main Address
701 10TH ST SE, CEDAR RAPIDS, IA, 52403
Website
www.mercycare.orgNTEE Category
Code: E220 - Health
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