Overview
What is Bon Secours Mercy Health Inc?
Bon Secours Mercy Health Inc is a leading nonprofit healthcare organization based in Cincinnati, Ohio, with a total workforce of 68,663 employees. Their mission is to extend the healing ministry of Jesus by improving the health and well-being of communities and providing essential aid to those in need, particularly the underprivileged, dying, and underserved. They demonstrate core values such as human dignity, integrity, compassion, stewardship, and service in their operations. In 2022, Bon Secours Mercy Health provided a community benefit of $458,659,094. The organization oversees twenty-seven hospitals and various physician practices, aiming to give substance and direction to a dynamic Catholic health ministry.
Official website here: www.bsmhealth.org
What are the reviews and ratings of this charity?
85% rating from Charity Navigator signifies that Bon Secours Mercy Health Inc is performing well in terms of accountability and finance, earning a Three-Star out of Four Star rating. The score indicates that the organization has a robust structure in place to ensure transparency and effective financial management.
The nonprofit demonstrates strong governance with a majority (66%) of independent board members and a fully independent board size of 10 members. Additionally, it has effective oversight mechanisms, including a well-functioning audit and oversight committee, and policies for conflict of interest and whistleblower protection, all of which enhance its credibility and integrity.
However, the organization shows some limitations with a liabilities to assets ratio of 64.95%, which may raise concerns about financial stability. Despite this, a high program expense ratio of 88.93% suggests that a significant portion of its funds is directed towards programmatic efforts, reflecting a commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bon Secours Mercy Health Inc legitimate?
Bon Secours Mercy Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bon Secours Mercy Health Inc 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: $35,876,194
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,102,410,349
For more financial information, click here
Official website here: www.bsmhealth.org
What is the mission statement of Bon Secours Mercy Health Inc?
Bon Secours Mercy Health Inc is committed to extending the healing ministry of Jesus by improving the health and well-being of communities and providing aid to those in need, particularly the poor, dying, and underserved. The organization's mission is to provide assistance, support, and direction to all healthcare institutions and activities operated and maintained by its subsidiaries. By doing so, Bon Secours Mercy Health aims to give substance and direction to a dynamic Catholic health ministry through governance, management, development of leadership, and use of resources. The organization's core values include human dignity, integrity, compassion, stewardship, and service.
Official website here: www.bsmhealth.org
Who is the CEO of Bon Secours Mercy Health Inc?
John Starcher Jr Jd is the CEO of Bon Secours Mercy Health Inc The CEO's salary of Bon Secours Mercy Health Inc is $8,799,523 and their total compensation is $12,296,300.
Official website here: www.bsmhealth.org
What is the revenue of Bon Secours Mercy Health Inc?
Bon Secours Mercy Health Inc's revenue in 2023 was $8,710,340,168.
Official website here: www.bsmhealth.org
Who are the executives of Bon Secours Mercy Health Inc and what are their salaries?
The average compensation at Bon Secours Mercy Health Inc during 2023 was $49,003. There are 64043 employees and 45 volunteers at Bon Secours Mercy Health Inc.
Here are 38 key members and their salaries (Bon Secours Mercy Health Inc's CEO's salary is $8,799,523 and their total compensation is $12,296,300):
- Compensation: $85,000
- Related: $0
- Other: $0
- Compensation: $8,799,523
- Related: $0
- Other: $3,496,777
- Compensation: $135,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $75,000
- Related: $0
- Other: $0
- Compensation: $70,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $12,451
- Other: $0
- Compensation: $70,000
- Related: $0
- Other: $0
- Compensation: $70,000
- Related: $0
- Other: $0
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $114,751
- Related: $0
- Other: $21,687
- Compensation: $250,107
- Related: $0
- Other: $12,785
- Compensation: $2,134,019
- Related: $0
- Other: $598,700
- Compensation: $940,149
- Related: $0
- Other: $24,639
- Compensation: $854,422
- Related: $0
- Other: $266,909
- Compensation: $1,504,245
- Related: $0
- Other: $396,360
- Compensation: $1,792,599
- Related: $0
- Other: $43,113
- Compensation: $756,077
- Related: $0
- Other: $132,456
- Compensation: $695,818
- Related: $0
- Other: $30,774
- Compensation: $1,250,893
- Related: $0
- Other: $762,338
- Compensation: $1,480,569
- Related: $0
- Other: $32,081
- Compensation: $1,331,323
- Related: $0
- Other: $246,789
- Compensation: $1,065,201
- Related: $47,000
- Other: $46,355
- Compensation: $1,802,346
- Related: $0
- Other: $337,038
- Compensation: $1,098,776
- Related: $0
- Other: $271,786
- Compensation: $291,038
- Related: $0
- Other: $38,020
- Compensation: $1,850,444
- Related: $0
- Other: $480,287
- Compensation: $2,384,740
- Related: $0
- Other: $64,124
- Compensation: $2,831,446
- Related: $0
- Other: $29,690
- Compensation: $2,417,550
- Related: $0
- Other: $13,264
- Compensation: $2,271,494
- Related: $0
- Other: $72,002
- Compensation: $2,020,004
- Related: $0
- Other: $66,886
- Compensation: $3,501,175
- Related: $0
- Other: $73,177
- Compensation: $756,544
- Related: $0
- Other: $154,190
- Compensation: $529,567
- Related: $0
- Other: $28,473
Official website here: www.bsmhealth.org
Where can I find the form 990 for Bon Secours Mercy Health Inc?
Bon Secours Mercy Health Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bsmhealth.org
Learn more at the official website: www.bsmhealth.org
Mission Statement of Bon Secours Mercy Health Inc
Bon Secours Mercy Health Inc, a leading healthcare organization, is dedicated to extending the healing ministry of Jesus by improving the health and well-being of communities and providing aid to those in need, with a particular focus on the poor, dying, and underserved. The mission of Bon Secours Mercy Health is to provide assistance, support, and direction to all healthcare institutions and activities operated and maintained by its subsidiaries. This mission is intended to give substance and direction to a dynamic Catholic health ministry.
Through its governance, management, development of leadership, and the use of resources, Bon Secours Mercy Health aims to manifest the healing ministry of Jesus. The organization's core values of human dignity, integrity, compassion, stewardship, and service are reflected in every aspect of its work. Bon Secours Mercy Health's commitment to these values drives it to make a difference in people's lives, ensuring that they receive the best possible care and support.
By providing a meaningful and purposeful way for the sponsors to express their faith, Bon Secours Mercy Health's mission goes beyond just delivering healthcare services. It is a calling to serve the community and make a positive impact on the lives of those in need. The organization's team members embody this mission every day, striving to put the needs of their patients first and treating each one with dignity, respect, and compassion. In doing so, Bon Secours Mercy Health continues to make a difference in the lives of countless individuals and families.
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Impact
October, 2024
Bon Secours Mercy Health Inc significantly impacts community health and well-being by extending compassionate care to individuals in need, particularly the underserved and vulnerable populations. With a network of twenty-seven hospitals and various physician practices, it works tirelessly to improve health outcomes and provide essential services.
In 2022 alone, the organization delivered a total community benefit amounting to $458,659,094, reflecting its commitment to the health of the communities it serves. Through its core values—human dignity, integrity, compassion, stewardship, and service—it fosters a healing environment that emphasizes support and respect for all individuals.
By offering assistance, guidance, and resources to its health care institutions, Bon Secours Mercy Health enhances the capacity of its providers to deliver quality care, ensuring that the mission to support those who are poor, dying, and underserved is fulfilled. This holistic approach not only addresses immediate health needs but also promotes long-term well-being and resilience within the community.
This information is meant to be a general summary of Bon Secours Mercy Health Inc. 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 2023.
- Investment Income: $109,033,992
- Program Service Revenue: $8,438,344,132
- Gross Receipts: $8,710,340,168
Assets and Liabilities:
- Total Assets: $12,142,776,094
- Total Liabilities: $9,083,259,954
- Net Assets: $3,059,516,140
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Service Revenue
Revenue
$6,445,447,432
Market Assessments & Corp Management
Revenue
$291,267,701
Exempt Function Income
Revenue
$1,408,668,764
Retail Pharmacy
Revenue
$180,475,234
JV AND PARTNERSHIP INCOME
Revenue
$81,745,264
Organization Details
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