Mercy Health Services Inc
501(c)(3)
92% goes to programs Thin reserves Growing revenue
Mercy Health Services Inc is a 501(c)(3) organization based in Baltimore, Maryland, registered in 1946, with $99,866,510 in FY2024 revenue. CharityIndex grades it C, and it directs about 92% of spending to programs.
301 St Paul Place, Baltimore, MD, 21202 EIN 52-2173382 Since 1946
Revenue (FY2024)
$99.9M
▲ 14.6% vs prior year
Expenses (FY2024)
$97.7M
Net assets
-$92.2M
Employees
120
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating92% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mercy Health Services Inc: 92% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mercy Health Services Inc: 0 mo reserves · +2% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mercy Health Services Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mercy Health Services Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Mercy health services, inc was formed for the sole purpose of supporting, benefiting or carrying out some or all of the exempt purposes of mercy medical center, inc (mmc), stella maris, inc (sm), and mercy health foundation, inc (mhf), including by providing leadership for mmc, sm, mhf, and all other controlled subsidiaries of mercy health system (collectively, the "health system").
What they do
North calvert anesthesiology services, llc provides all anesthesiology services within mercy medical center, inc.
Mercy health services, inc was formed for the exempt purposes of supporting, benefiting or carrying out some or all of the purposes of mercy medical center, inc., stella maris inc., maryland family care inc., st. paul place specialist, and mercy health foundation. in december 2011 mercy medical center opened a new hospital facility that will continue to provide quality healthcare to the resident's of baltimore city and beyond, regardless of economic means.
Vascular specialty services, llc provides quality physician services, specializing in vascular surgery delivered to the community by duly licensed professionals. in 9 months of fy25, vascular completed 765 surgical cases, and provided care through 6,491 patient visits.
Contact & location
Financial trends
Revenue grew from $9.9M (FY2013) to $99.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $146.9MNet assets -$92.2M
Operating margin
2.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$54.8M
Total liabilities
$146.9M
Net assets
-$92.2M
Salaries & benefits
$32.3M
33% of expenses
Board members
35
27 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $99,866,510▲14.6% | $97,727,134▲16.2% | -$92,185,567▼626% | $54,761,025▲5.4% | 990 |
| 2023 | $87,131,037▲31.9% | $84,072,403▲33.4% | $17,514,903▼61.3% | $51,958,898▼1.8% | 990 |
| 2022 | $66,054,667▲0.9% | $63,031,723▼1.9% | $45,222,642▲7.2% | $52,930,475▲6.0% | 990 |
| 2021 | $65,464,366▲7.3% | $64,232,461▲6.1% | $42,175,893▼2.8% | $49,951,877▼2.0% | 990 |
| 2020 | $61,018,770▲10.4% | $60,517,519▲10.8% | $43,400,796▲24.6% | $50,989,055▲21.9% | 990 |
| 2019 | $55,294,240▲19.0% | $54,597,145▲17.7% | $34,823,767▼10.9% | $41,826,986▲3.1% | 990 |
| 2018 | $46,462,970▲27.5% | $46,389,362▲27.5% | $39,067,965▲12.3% | $40,569,714▲12.0% | 990 |
| 2017 | $36,439,076▲18.2% | $36,385,404▲16.6% | $34,788,624▲3.2% | $36,216,029▲4.7% | 990 |
| 2016 | $30,836,607▲35.1% | $31,203,604▲33.2% | $33,725,741▲2.1% | $34,575,393▼0.8% | 990 |
| 2015 | $22,831,660▲129% | $23,427,127▲161% | $33,019,752▲1.8% | $34,866,309▲3.2% | 990 |
| 2014 | $9,955,190▲0.2% | $8,983,194▲8.0% | $32,421,592▲2.2% | $33,770,849▲5.3% | 990 |
| 2013 | $9,939,116 | $8,315,750▼2.2% | $31,713,697▲10.1% | $32,075,247▲10.1% | 990 |
| 2012 | — | $8,504,214▲3.4% | $28,800,184▲10.5% | $29,127,304▲10.4% | 990 |
| 2011 | — | $8,220,772▲561% | $26,054,956▲2.9% | $26,386,913▲3.1% | 990 |
| 2010 | — | $1,243,322▲10.9% | $25,329,074▲6.2% | $25,584,330▲5.9% | 990 |
| 2009 | — | $1,121,161 | $23,859,236 | $24,150,501 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David N Maine Md — $2,159,214 (2.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David N Maine Md | President/ceo (ex Officio) | 0.5 | $2,159,214 |
| Justin C Deibel | Executive Vp/cfo | 15 | $1,311,468 |
| Wilma As Rowe Md | Svp & Cmo | 0.5 | $1,024,977 |
| Charles X Lin Md | Physician | 40 | $650,462 |
| Bahram Sarfaraz | Physician | 40 | $639,541 |
| Reynaldo M Mia Md | Physician | 40 | $636,441 |
| Jung-in Lee Md | Physician | 40 | $630,010 |
| Daniel J Choi | Physician | 40 | $620,996 |
| Alexander T Mason | Trustee | 0.5 | — |
| Ashanti Woods Md | Trustee | 0.5 | — |
| Beverly Cooper | Trustee | 0.5 | — |
| Charles L Maskell Jr | Trustee | 0.5 | — |
| David B Posner Md | Trustee | 0.5 | — |
| Earl L Linehan | Treasurer | 0.5 | — |
| Edward L Cahill | Trustee | 0.5 | — |
| Harry D Halpert | Trustee | 0.5 | — |
| James M Carlton Md | Trustee | 0.5 | — |
| J Drexel Knight | Trustee | 0.5 | — |
| John Campbell Md | Trustee | 0.5 | — |
| John F Cavanaugh | Trustee | 0.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Abeo Management Corporation | Billing Service | $703,591 |
| Systematic Financial Management LP | Investment Management Service | $202,343 |
| Principal Bank | Investment Management Service | $164,214 |
| Marquette Associates Inc | Investment Consulting | $118,750 |
| Coho Partners Ltd | Investment Management Service | $102,910 |
Grants received · $27K total
3 grants to Mercy Health Services Inc totaling $27K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The United Way of Central Maryland Inc | Designated and or granted in support of agency programs | 2024 | $5,067 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $10,500 |
| The United Way of Central Maryland Inc | Designated and /or granted in support of agency programs | 2014 | $11,411 |
Frequently asked questions
- Is Mercy Health Services Inc a legitimate nonprofit?
- Yes. Mercy Health Services Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-2173382, based in Baltimore, Maryland.
- What is Mercy Health Services Inc's EIN?
- Mercy Health Services Inc's Employer Identification Number (EIN) is 52-2173382.
- How much revenue does Mercy Health Services Inc report?
- Mercy Health Services Inc reported $99,866,510 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mercy Health Services Inc's spending goes to programs?
- Mercy Health Services Inc spends about 92% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mercy Health Services Inc have?
- CharityIndex grades Mercy Health Services Inc C, based on program efficiency and fundraising cost.
- How much does Mercy Health Services Inc's highest-paid employee make?
- The highest reported compensation on Mercy Health Services Inc's latest Form 990 is $2,159,214, paid to David N Maine Md (President/ceo (ex Officio)).
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Data for Mercy Health Services Inc (EIN 52-2173382) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.