Mercy-memorial Hospital Corporation
79% goes to programs $0 to raise $100 Growing revenue
Mercy-memorial Hospital Corporation is a 501(c)(3) organization based in Toledo, Ohio, registered in 1973, with $193,054,205 in FY2024 revenue. CharityIndex grades it A, and it directs about 79% of spending to programs.
100 Madison Ave, Toledo, OH, 43604 EIN 38-1984289 Since 1973
Revenue (FY2024)
$193.1M
▲ 17.1% vs prior year
Health median: $840K
Expenses (FY2024)
$169.4M
Net assets
$58.0M
Employees
1,212
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating79% 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-memorial Hospital Corporation: 79% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating4 mo reserves · +12% 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-memorial Hospital Corporation: 4 mo reserves · +12% 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-memorial Hospital Corporation: 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-memorial Hospital Corporation: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
We provide high quality, comprehensive services to the people and community we serve.
What they do
Consistent with our mission, mercy memorial hospital corporation provides a significant amount of financial assistance to patients with limited or no ability to pay. - see schedule o.
Consistent with our mission, mercy memorial hospital corporation provides a significant amount of community benefit including community health improvement services, community benefit operations, health professions education, subsidized heath services, and cash and in-kind contributions. - see schedule o.
Contact & location
- Address
- 100 Madison Ave, Toledo, OH, 43604
- City
- Toledo
- State
- Ohio
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $174.2M (FY2013) to $193.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $18.8MNet assets $58.0M
Operating margin
12.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$76.8M
Total liabilities
$18.8M
Net assets
$58.0M
Salaries & benefits
$62.5M
37% of expenses
Board members
18
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $193,054,205▲17.1% | $169,439,448▼1.9% | $58,023,968▼8.4% | $76,774,542▼17.0% | 990 |
| 2023 | $164,898,662▼0.4% | $172,776,811▼4.0% | $63,316,800▼65.1% | $92,479,483▼61.9% | 990 |
| 2022 | $165,495,818▲4.4% | $180,040,177▲9.1% | $181,620,006▲9.1% | $242,625,809▼1.7% | 990 |
| 2021 | $158,446,533▲11.1% | $165,051,755▲13.4% | $166,532,792▼3.5% | $246,882,136▼2.3% | 990 |
| 2020 | $142,565,708▲4.6% | $145,607,711▲4.1% | $172,518,656▲12.4% | $252,756,621▲20.2% | 990 |
| 2019 | $136,348,847▼6.0% | $139,862,515▼2.0% | $153,458,827▲47.7% | $210,299,333▲17.5% | 990 |
| 2018 | $145,123,763▼3.3% | $142,723,676▼5.7% | $103,888,621▼5.6% | $178,980,740▼5.2% | 990 |
| 2017 | $150,053,762▼2.4% | $151,421,017▲4.0% | $110,037,187▲1.3% | $188,729,443▼3.1% | 990 |
| 2016 | $153,761,102▼12.1% | $145,654,331▼9.1% | $108,629,323▲13.9% | $194,832,753▲2.5% | 990 |
| 2015 | $174,869,574▲0.4% | $160,243,198▼2.3% | $95,363,074▼17.0% | $190,158,945▼6.3% | 990 |
| 2013 | $174,174,637 | $163,963,241▼3.6% | $114,941,420▲12.0% | $202,898,659▲5.0% | 990 |
| 2012 | — | $170,161,536▲0.8% | $102,623,327▲12.2% | $193,187,007▼5.8% | 990 |
| 2011 | — | $168,794,734▲3.2% | $91,483,977▼11.9% | $205,039,704▲9.1% | 990 |
| 2010 | — | $163,578,723▲1.5% | $103,858,104▲30.0% | $188,002,099▲12.6% | 990 |
| 2009 | — | $161,127,243 | $79,886,499 | $166,919,072 | 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: Jennifer Sell — $192,953 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jennifer Sell | Director of Pharmacy Services | 45 | $192,953 |
| Todd Costlow | Staff Pharmacist | 45 | $161,843 |
| Nicole Goodman | Alternate Rn - Acute Care | 45 | $152,512 |
| Deborah Duris | Director of Mental Health Services | 45 | $148,539 |
| Luke Larzelere | Pharmacy Resident | 45 | $148,262 |
| Angela Brandt | Trustee/chief Administrative Officer | 1 | — |
| Arturo Polizzi | Ceo | 1 | — |
| Celeste Batchev | Trustee | 1 | — |
| Christi Ansberg | Trustee/chief Philathropy Officer | 1 | — |
| Darrin Arquette | President | 1 | — |
| Dee Bialecki-haase | Trustee - Part Year | 1 | — |
| Florence Buchanan | Trustee | 1 | — |
| Gregory Reinhold | Trustee | 1 | — |
| James Peace | Trustee | 1 | — |
| Julie Everly | Trustee | 1 | — |
| Keith P Masserant | Trustee | 1 | — |
| Kenneth J Mcnamee | Trustee | 1 | — |
| Kevin Sharp | Trustee/vp of Revenue Cycle | 1 | — |
| Kojo Quartey | Trustee | 1 | — |
| Kristine Brenner | Chairperson | 1 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Amn Healthcare Inc | Staffing Agency | $3,151,029 |
| Epno - Monroe Pllc | Physician Services | $1,161,927 |
| Ambulatory Anesthesia Association | Physician Services | $850,000 |
| Critical Care Medical Partners PC | Physician Services | $431,961 |
| Medical Solutions Inc | Physician Services | $419,018 |
Grants received · $40.3M total
11 grants to Mercy-memorial Hospital Corporation totaling $40.3M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Promedica Foundation | Operating grant | 2024 | $186,621 |
| Michigan Health and Hospital Association | Grant pass through | 2022 | $775,000 |
| Michigan Health and Hospital Association | Grant pass through | 2021 | $475,000 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2020 | $76,054 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2019 | $11,775 |
| Bay Park Community Hospital | Operating grant | 2018 | $1,000,000 |
| Promedica Foundation | Operating / capital support | 2018 | $500,675 |
| Promedica Health System Inc | Operating grant | 2017 | $12,145,107 |
| Promedica Health System Inc | Operating grant | 2016 | $12,145,732 |
| Promedica Health System Inc | Operating grant | 2015 | $12,449,075 |
| Emma L Bixby Medical Center | Operating grant | 2015 | $528,000 |
Grants made · $14K in FY2022
1 grant totaling $14K in FY2022. All grants made by Mercy-memorial Hospital Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Promedica Foundation | Operating grants | $13,880 |
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Frequently asked questions
- Is Mercy-memorial Hospital Corporation a legitimate nonprofit?
- Yes. Mercy-memorial Hospital Corporation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1984289, based in Toledo, Ohio. Donations are tax-deductible.
- What is Mercy-memorial Hospital Corporation's EIN?
- Mercy-memorial Hospital Corporation's Employer Identification Number (EIN) is 38-1984289.
- How much revenue does Mercy-memorial Hospital Corporation report?
- Mercy-memorial Hospital Corporation reported $193,054,205 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mercy-memorial Hospital Corporation's spending goes to programs?
- Mercy-memorial Hospital Corporation spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mercy-memorial Hospital Corporation have?
- CharityIndex grades Mercy-memorial Hospital Corporation A, based on program efficiency and fundraising cost.
- How much does Mercy-memorial Hospital Corporation's highest-paid employee make?
- The highest reported compensation on Mercy-memorial Hospital Corporation's latest Form 990 is $192,953, paid to Jennifer Sell (Director of Pharmacy Services).
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Data for Mercy-memorial Hospital Corporation (EIN 38-1984289) 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.