Mercy Medical Center
81% goes to programs $0 to raise $100 Strong reserves Growing revenue
Mercy Medical Center is a 501(c)(3) organization based in Cedar Rapids, Iowa, registered in 1946, with $478,815,186 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
701 10th St Se, Cedar Rapids, IA, 52403 EIN 42-0698295 Since 1946
Revenue (FY2023)
$478.8M
▲ 9.9% vs prior year
Health median: $840K
Expenses (FY2023)
$488.2M
Net assets
$494.2M
Employees
3,319
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs · $0 to raise $100
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 Medical Center: 81% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 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 Medical Center: 12 mo reserves · -2% margin earns a A 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 Medical Center: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Medical Center: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To care for the sick and enhance the health of the communities we serve, guided by the spirit of the sisters of mercy.
Contact & location
- Address
- 701 10th St Se, Cedar Rapids, IA, 52403
- City
- Cedar Rapids
- State
- Iowa
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $275.2M (FY2013) to $478.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $233.9MNet assets $494.2M
Operating margin
-2.0%
Spent more than it raised in the latest fiscal year.
Total assets
$728.2M
Total liabilities
$233.9M
Net assets
$494.2M
Salaries & benefits
$240.4M
49% of expenses
Board members
25
20 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $478,815,186▲9.9% | $488,223,931▲7.1% | $494,230,249▲1.0% | $728,179,406▲1.9% | 990 |
| 2022 | $435,705,307▲4.1% | $456,035,429▲10.5% | $489,564,053▼3.3% | $714,937,396▼0.1% | 990 |
| 2021 | $418,379,415▲6.8% | $412,756,686▲10.3% | $506,237,520▼0.9% | $716,000,674▼8.2% | 990 |
| 2020 | $391,822,249▲10.0% | $374,188,407▲6.4% | $510,986,544▲30.5% | $779,545,378▲17.3% | 990 |
| 2019 | $356,239,864▲2.4% | $351,548,767▲2.9% | $391,675,129▲5.4% | $664,794,237▲12.5% | 990 |
| 2018 | $347,999,069▲2.0% | $341,581,015▲2.1% | $371,544,540▼1.2% | $591,175,878▲3.1% | 990 |
| 2017 | $341,273,386▲3.3% | $334,499,790▲5.0% | $375,942,222▲6.5% | $573,230,191▲0.2% | 990 |
| 2016 | $330,527,136▼2.1% | $318,548,098▲4.0% | $353,043,897▲8.7% | $572,338,744▲2.8% | 990 |
| 2015 | $337,525,683▲8.8% | $306,338,020▲6.7% | $324,659,349▼1.9% | $556,796,573▼0.5% | 990 |
| 2014 | $310,156,876▲12.7% | $287,063,238▲4.1% | $330,939,220▼1.9% | $559,469,597▲3.0% | 990 |
| 2013 | $275,240,189 | $275,832,397▲1.9% | $337,287,054▲4.9% | $543,266,322▲2.1% | 990 |
| 2012 | — | $270,569,666▼0.9% | $321,441,920▲9.3% | $532,041,098▲11.4% | 990 |
| 2011 | — | $273,141,129▲6.0% | $294,091,163▼3.5% | $477,555,554▲2.7% | 990 |
| 2010 | — | $257,565,971▲8.9% | $304,657,566▲19.8% | $465,167,371▲10.7% | 990 |
| 2009 | — | $236,517,811 | $254,208,314 | $420,370,403 | 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 (FY2023)
Highest-paid: Chong C Lee Md — $1,987,567 (0.41% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chong C Lee Md | Physician | 40 | $1,987,567 |
| Shane A Gailushas Md | Physician | 40 | $1,370,136 |
| Sachin Goyal Md | Physician | 40 | $1,332,795 |
| Amandeep Dhaliwal Md | Physician | 40 | $1,315,465 |
| Barakat Aburajab Altamimi Md | Physician | 40 | $1,276,722 |
| Timothy L Charles | Former President & Chief Executive Officer | 40 | $737,385 |
| Timothy Quinn Md | President & Chief Executive Officer | 40 | $709,298 |
| Nathan Van Genderen | Executive Vice President & Cfo/coo | 40 | $491,544 |
| Tony Myers Md | Chief Medical Officer | 40 | $429,220 |
| Jeffrey Cash | Chief Information Officer | 40 | $340,132 |
| Nancy Hill | Chief Talent Officer | 40 | $325,587 |
| Mary Brobst | Former Chief Nursing Officer | 40 | $322,299 |
| Al Ruffalo | Member Board of Trustees | 1 | — |
| Ann Stroh | Member Board of Trustees | 1 | — |
| Barb Knapp | Member Board of Trustees | 1 | — |
| Barrie Ernst | Member Board of Trustees | 1 | — |
| Bob Cataldo | Member Board of Trustees | 1 | — |
| Charles Rohde | Member Board of Trustees | 1 | — |
| Cheryle Mitvalsky | Chairman | 1 | — |
| Chris Dewolf | Member Board of Trustees | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Vaya Workforce Solutions LLC | Healthcare Professional Services | $16,723,708 |
| Oncology Associates of Cedar Rapids | Healthcare Professional Services | $5,070,800 |
| Sound Physicians | Healthcare Professional Services | $4,771,218 |
| Trimedx | Maintain and Repair Medical Equpment | $4,676,858 |
| University of Iowa Health Care | Healthcare Professional Services | $4,037,391 |
Grants received · $282K total
18 grants to Mercy Medical Center totaling $282K, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Heart Association Inc | Stroke prevention programs | 2024 | $20,000 |
| Grinnell Regional Medical Center | Program service | 2024 | $5,866 |
| American Online Giving Foundation Inc | General support | 2024 | $5,596 |
| Mercy Medical Center | General support | 2023 | $20,000 |
| American Heart Association Inc | Stroke education & awareness | 2023 | $20,000 |
| Grinnell Regional Medical Center | Program service | 2023 | $8,664 |
| Donor Advised Charitable Giving | Health | 2023 | $6,750 |
| Mercy Medical Center | General support | 2022 | $20,000 |
| American Heart Association Inc | Stroke education & awareness | 2022 | $20,000 |
| Mercy Medical Center | General support | 2021 | $20,000 |
| Mercy Medical Center | General support | 2020 | $20,000 |
| Donor Advised Charitable Giving | Health | 2020 | $16,000 |
| Donor Advised Charitable Giving | Health | 2020 | $16,000 |
| Donor Advised Charitable Giving | Health | 2019 | $11,100 |
| Donor Advised Charitable Giving | Health | 2018 | $55,000 |
Grants made · $13.5M in FY2023
15 grants totaling $13.5M in FY2023. All grants made by Mercy Medical Center →
| Recipient | Purpose | Amount |
|---|---|---|
| Mercycare Service Corporation | For use in continuing operations | $12,720,000 |
| Mercy Medical Center Cedar Rapids Iowa Endowment Foundation Inc | For use in continuing operations | $569,400 |
| The Catherine Mcauley Center Inc | General support | $35,000 |
| Waypoint Services For Women Children and Families | General support | $20,000 |
| Catholic Charities of the Archdioce Se of Dubuque Iowa | General support | $20,000 |
| Mercy Medical Center | General support | $20,000 |
| Matthew 25 | General support | $20,000 |
| Horizons A Family Service Alliance | General support | $20,000 |
| Habitat For Humanity International Inc | General support | $20,000 |
| Foundation 2 Inc | General support | $20,000 |
| Heritage Area Agency On Aging | General support | $19,500 |
| Junior Achievement of Eastern Iowa | General support | $12,450 |
| Hawkeye Area Community Action Program Inc | General support | $10,000 |
| Linn County Public Health | General support | $10,000 |
| African American Museum of Iowa | General support | $6,500 |
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Frequently asked questions
- Is Mercy Medical Center a legitimate nonprofit?
- Yes. Mercy Medical Center is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 42-0698295, based in Cedar Rapids, Iowa. Donations are tax-deductible.
- What is Mercy Medical Center's EIN?
- Mercy Medical Center's Employer Identification Number (EIN) is 42-0698295.
- How much revenue does Mercy Medical Center report?
- Mercy Medical Center reported $478,815,186 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mercy Medical Center's spending goes to programs?
- Mercy Medical Center spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mercy Medical Center have?
- CharityIndex grades Mercy Medical Center A, based on program efficiency and fundraising cost.
- How much does Mercy Medical Center's highest-paid employee make?
- The highest reported compensation on Mercy Medical Center's latest Form 990 is $1,987,567, paid to Chong C Lee Md (Physician).
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Data for Mercy Medical Center (EIN 42-0698295) 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.