Mercy Medical Center Inc
82% goes to programs $0 to raise $100 Strong reserves Growing revenue
Mercy Medical Center Inc is a 501(c)(3) organization based in Baltimore, Maryland, registered in 1949, with $685,010,875 in FY2024 revenue. CharityIndex grades it A, and it directs about 82% of spending to programs.
301 St Paul Place, Baltimore, MD, 21202 EIN 52-0591658 Since 1949
Revenue (FY2024)
$685.0M
▲ 8.1% vs prior year
Health median: $840K
Expenses (FY2024)
$658.3M
Net assets
$651.0M
Employees
4,362
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 rating82% 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 Inc: 82% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +4% 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 Inc: 12 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Inc: 5 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 Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Like the sisters of mercy before us, we witness god's healing love for all people by providing excellent clinical services within a community of compassionate care. as an independent catholic hospital, we pledge to enhance the health of our region and serve all people of every creed, color, economic, and social condition.
Contact & location
- Address
- 301 St Paul Place, Baltimore, MD, 21202
- City
- Baltimore
- State
- Maryland
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $442.1M (FY2013) to $685.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $484.2MNet assets $651.0M
Operating margin
3.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.1B
Total liabilities
$484.2M
Net assets
$651.0M
Salaries & benefits
$308.7M
47% of expenses
Board members
7
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $685,010,875▲8.1% | $658,310,993▲8.3% | $651,005,275▲7.4% | $1,135,214,721▲5.9% | 990 |
| 2023 | $633,892,704▲5.7% | $608,069,994▲4.1% | $605,981,862▲8.9% | $1,072,079,469▲2.8% | 990 |
| 2022 | $599,540,383▲0.8% | $583,920,323▲5.5% | $556,410,711▲14.2% | $1,042,788,236▲2.1% | 990 |
| 2021 | $594,845,280▼0.4% | $553,674,789▲3.5% | $487,101,168▲2.9% | $1,021,409,173▼5.4% | 990 |
| 2020 | $597,196,319▲15.6% | $534,994,974▲8.4% | $473,474,019▲31.4% | $1,079,475,766▲11.9% | 990 |
| 2019 | $516,517,701▲0.2% | $493,700,034▲0.9% | $360,356,132▲1.8% | $965,008,405▲12.8% | 990 |
| 2018 | $515,261,969▲2.0% | $489,260,075▲3.1% | $354,078,515▲4.4% | $855,655,603▲1.4% | 990 |
| 2017 | $505,022,483▲2.0% | $474,730,122▲2.1% | $339,182,255▲10.9% | $843,592,949▲3.3% | 990 |
| 2016 | $494,910,558▲3.4% | $465,063,434▼1.8% | $305,895,862▲15.9% | $816,730,681▲1.0% | 990 |
| 2015 | $478,678,892▲3.0% | $473,755,979▲6.5% | $263,964,869▼6.6% | $809,023,201▼1.7% | 990 |
| 2014 | $464,724,304▲5.1% | $444,720,163▲3.6% | $282,682,813▲8.3% | $823,378,403▲1.1% | 990 |
| 2013 | $442,126,877 | $429,317,012▲1.3% | $261,056,051▲4.6% | $814,805,386▲1.1% | 990 |
| 2012 | — | $423,603,377▲5.5% | $249,495,253▼4.7% | $806,011,712▼2.2% | 990 |
| 2011 | — | $401,330,286▲2.6% | $261,806,362▼4.9% | $824,502,645▲1.1% | 990 |
| 2010 | — | $391,226,173▲11.3% | $275,385,929▲12.2% | $815,479,823▲2.2% | 990 |
| 2009 | — | $351,380,157 | $245,536,183 | $798,086,962 | 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: Susan D Finlayson — $806,950 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Susan D Finlayson | Director | 38 | $806,950 |
| Christopher Thomaskutty | Svp Clin Prog - Chief of Staff | 38 | $709,110 |
| Phil Beatson | Director | 40 | $650,449 |
| Tammy L Janus | Senior Vp Hr | 40 | $524,333 |
| Judith Weiland | Svp Strategic & Capital Planning | 38 | $521,729 |
| Karen Mathura | Cco & Vp of Claims | 40 | $501,678 |
| Claudine Schiro-baker | Svp & Cio | 25 | $485,993 |
| Ralph J Lebron | Director | 40 | $428,188 |
| Elinor Petrocelli | Treasurer | 40 | $417,221 |
| Stacey Sedalia Brull | Director | 40 | $390,250 |
| Michael C Mullane | Director | 40 | $184,786 |
| R Thomas Malia Rev | Director | 40 | $88,447 |
| David N Maine Md | Chair, Ex Officio | 18 | — |
| Justin C Deibel | Vice Chair | 15 | — |
| Wilma As Rowe Md | Secretary | 39.5 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Rtm Enterprise Inc | Maintenance Bldg and Renovation | $4,894,546 |
| Consolidated Medical Services Inc | Construction | $3,776,210 |
| Metz Culinary Management | Food Services | $3,586,722 |
| Epic Systems Corporation | Epic Maintenance and Technical Support | $3,517,249 |
| Gilbane Building Company | Construction- Hunt Valley Mob | $3,475,118 |
Grants received · $3.5M total
42 grants to Mercy Medical Center Inc totaling $3.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baby2baby | In-kind donations of program supplies for needy families | 2024 | $296,956 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $50,500 |
| American Endowment Foundation | Health, general | 2024 | $8,500 |
| The United Way of Central Maryland Inc | Designated and or granted in support of agency programs | 2024 | $5,460 |
| Howard University | Support research & education | 2023 | $1,641,083 |
| Baby2baby | In-kind donations of program supplies for needy families | 2023 | $213,395 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2023 | $50,000 |
| Donor Advised Charitable Giving | Health | 2023 | $21,328 |
| The United Way of Central Maryland Inc | Designated and or granted in support of agency programs | 2023 | $9,433 |
| American Endowment Foundation | Health, general | 2023 | $7,500 |
| The United Way of Central Maryland Inc | Designated and or granted in support of agency programs | 2023 | $5,209 |
| Howard University | Support research & education | 2022 | $719,246 |
| Cystic Fibrosis Foundation | Adult care | 2022 | $69,660 |
| The United Way of Central Maryland Inc | Designated and or granted in support of agency programs | 2022 | $12,593 |
| American Endowment Foundation | Health, general | 2022 | $7,500 |
Grants made · $428K in FY2024
18 grants totaling $428K in FY2024 — showing the 15 largest. All grants made by Mercy Medical Center Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Cristo Rey Corporate Internship Program Inc | $49,500 + $49,500 =99,000 corporate internship program ( cip)sponsorship annual fee. | $99,000 |
| Dementia Care Management Inc | Charity-assisted living facility placement | $53,387 |
| Baltimore Civic Fund Inc | Chesapeake connect 2024 sponsor & chesapeake connect 2025 sponsor @$10k each | $42,179 |
| Downtown Partnership of Baltimore Inc | Downtown management authority voluntary contribution for 7.1.23-6.30.24 | $40,000 |
| Loyola University Maryland Inc | Business leader of the year 2024 platinum sponsorship-32 tickets | $25,000 |
| Mount Vernon Place Conservancy Inc | $15,000 sponsorship for the monument lighting; $5,000 for 2025 flower mart event & $4,500 mount vernon place conservancy sponsorship | $24,500 |
| Baltimore Metropolitan Council Inc | Chesapeake connect 2024 sponsor & chesapeake connect 2025 sponsor @$10k each | $20,000 |
| Baltimore Office of Promotion and the Arts | 2025 farmers' market sponsorship | $18,000 |
| Belvedere Real Care Providers Network Inc | Charity placement-homeless support services | $16,750 |
| Infusystem Inc | Charity care-ambulatory pump services | $15,908 |
| Partners For Cancer Care and Prevention Inc | Dr sardi's chipping for cancer care golf outing september 20, 2024. | $15,000 |
| Baltimore Inaugural Committee 2024 Inc | Tickets to fund inaugural celebration-open to public | $15,000 |
| University of Maryland School of Medicine | $10,000 presenting sponsorship for the 2025 university of maryland school of medicine celebrating diversity event | $10,000 |
| Foundation For the Baltimore Leadership School For Young Women | Sponsorship - 2024 (em) power breakfast | $10,000 |
| Golden Arms Assisted Living Placement | Assisted living housing placement | $7,300 |
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Frequently asked questions
- Is Mercy Medical Center Inc a legitimate nonprofit?
- Yes. Mercy Medical Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 52-0591658, based in Baltimore, Maryland. Donations are tax-deductible.
- What is Mercy Medical Center Inc's EIN?
- Mercy Medical Center Inc's Employer Identification Number (EIN) is 52-0591658.
- How much revenue does Mercy Medical Center Inc report?
- Mercy Medical Center Inc reported $685,010,875 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mercy Medical Center Inc's spending goes to programs?
- Mercy Medical Center Inc spends about 82% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mercy Medical Center Inc have?
- CharityIndex grades Mercy Medical Center Inc A, based on program efficiency and fundraising cost.
- How much does Mercy Medical Center Inc's highest-paid employee make?
- The highest reported compensation on Mercy Medical Center Inc's latest Form 990 is $806,950, paid to Susan D Finlayson (Director).
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Data for Mercy Medical Center Inc (EIN 52-0591658) 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.