Mercy Health Services - Iowa Corp

Also known as See Schedule O for List

Mason City, IA · EIN 31-1373080 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Mercy Health Services - Iowa Corp reported $933.9 million in revenue and $1.02 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $88.81 went to program services, $11.11 to management and general costs and $0.08 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 92.7% of the total. The highest compensation it reported for one person was $2,471,013 (DIRECTOR; REGIONAL PRESIDENT & CEO). 572 people received more than $100,000 in reportable compensation. Revenue rose 13% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $1.02B

Program services$88.81 $902M
Management & general$11.11 $113M
Fundraising$0.08 $802K

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $934M

Contributions & grants (non-government)$0.61 $5.7M
Government grants$0.41 $3.8M
Program service revenue$92.70 $866M
Investment income$0.91 $8.5M
Other revenue$5.37 $50M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure	FY2025	Median
Program services Part IX 25(B) ÷ 25(A)	88.8%	85.6%
Management & general Part IX 25(C) ÷ 25(A)	11.1%	13.7%
Fundraising Part IX 25(D) ÷ 25(A)	0.1%	0.0%
Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h	$0.08	$0.00
Contributions & grants share of revenue Part VIII 1h ÷ 12	1.0%	1.3%
Government grants share of revenue Part VIII 1e ÷ 12	0.4%	0.1%
Program service revenue share Part VIII 2g ÷ 12	92.7%	93.7%
Highest reported compensation Part VII-A, columns D–F	$2,471,013	$975,831
Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A)	0.24%	1.34%
People paid over $100,000 Part VII, line 2	572	27
Net assets, in months of expenses Part X 33(B) ÷ monthly expenses	2.0	6.6
Independent voting board members Part VI 1a–1b	1 of 3	88.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense

$902M expenses · 100.0% of program spending · grants $1.7M · revenue $885M

Mercy Health Services-iowa (mhs-ia) is comprised of four hospital divisions in the state of iowa that provided over 120,000 patient days of health care services to their communities throughout the state of iowa and surrounding states.please visit schedule h and our website for additional information about our services, recognitions, and awards: www.mercyone.org

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here

Role	From this org	From related orgs	Other	Total
DIRECTOR; REGIONAL PRESIDENT & CEO Director/trustee, officer, 1.00 hrs/week	$0	$2,416,873	$54,140	$2,471,013
DIR; CHIEF LEGAL OFFICER TRINITY Director/trustee, 1.00 hrs/week	$0	$1,964,988	$48,692	$2,013,680
PHYSICIAN, DERMATOLOGY NORTH IOWA Highest compensated employee, 50.00 hrs/week	$1,627,523	$0	$52,429	$1,679,952
FORMER OFFICER Former, 0.00 hrs/week	$0	$1,198,272	$455,195	$1,653,467
PHYSICIAN, ONCOLOGY NORTH IOWA Highest compensated employee, 50.00 hrs/week	$1,224,247	$0	$58,438	$1,282,685
PHYSICIAN, NEUROLOGY NORTH IOWA Highest compensated employee, 50.00 hrs/week	$1,044,239	$0	$40,513	$1,084,752
PRESIDENT WESTERN IOWA REGION Key employee, 50.00 hrs/week	$0	$848,031	$155,119	$1,003,150
PHYSICIAN, CARDIOLOGIST SIOUX CITY Highest compensated employee, 50.00 hrs/week	$0	$954,784	$26,073	$980,857

572 people received more than $100,000 in reportable compensation from Mercy Health Services - Iowa Corp (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.2M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked

RevenueExpenses

Filing	Revenue	Expenses	Programs	Net assets	Top pay
FY2025 ⓘ	$934M	$1.02B	88.8%	$166M	$2,471,013
FY2024 ⓘ	$973M	$993M	89.6%	$270M	$2,103,598
FY2023 ⓘ	$881M	$967M	89.7%	$271M	$1,655,893
FY2022 ⓘ	$908M	$966M	89.9%	$387M	$2,870,982
FY2021 ⓘ	$884M	$876M	89.1%	$485M	$2,501,603
FY2020 ⓘ	$829M	$795M	85.9%	$441M	$1,746,974

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means

Voting board members, and how many are independent Part VI, lines 1a–1b3 · 1 independent
Audited financial statements Part XII 2bYes
Conflict-of-interest policy Part VI 12aYes
Whistleblower policy Part VI 13Yes
Document retention policy Part VI 14Yes
Independent process for top executive pay Part VI 15aNo
Board given the 990 before filing Part VI 11aYes
Family or business ties among insiders Part VI 2No
Aware of a significant diversion of assets Part VI 5No
Excess benefit transaction with an insider Part IV 25aNo
Loans to or from insiders outstanding Part IV 26No
Lobbying, or a 501(h) election in effect Part IV 4Yes
Over $15,000 of professional fundraising services Part IV 18No
Over $10,000 of activity outside the U.S. Part IV 14bNo
Employees Part I, line 56,372
Volunteers Part I, line 6215

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only

MASON CITY CLINIC PC Medical services	$57,605,764
HEALTH CAROUSEL LLC Staffing services	$8,494,447
CCS CAPTURIS LLC Payment processing	$7,222,931
MEDICAL ASSOCIATES CLINIC PC Medical services	$6,792,717

Individuals listed as contractors are left out. 111 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Mercy Health Services - Iowa Corp's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mercy Health Services - Iowa Corp, you can publish a response that is linked from this page.

Report a correction Respond as Mercy Health Services - Iowa Corp How this works

Similar-sized charities in this cause

Wellmont Health System
Johnson City, TN · revenue $933M · programs 85.2% · FY2025
Good Samaritan Hospital Medical Center
West Islip, NY · revenue $934M · programs 89.1% · 2024
Pennsylvania Hospital of the University of Pennsylvania Health System
Philadelphia, PA · revenue $931M · programs 90.9% · FY2025
Dartmouth-Hitchcock Clinic
Lebanon, NH · revenue $934M · programs 88.1% · FY2025
Naples Community Hospital
Naples, FL · revenue $928M · programs 82.0% · FY2025

All health care charities · Largest charities in Iowa

Questions people ask

How much of Mercy Health Services - Iowa Corp's spending goes to programs?

In the fiscal year ending June 30, 2025, Mercy Health Services - Iowa Corp reported that 88.8% of its $1.02 billion in expenses went to program services, 11.1% to management and general and 0.1% to fundraising (Form 990, Part IX).

How much does Mercy Health Services - Iowa Corp pay its top executive?

The largest total compensation Mercy Health Services - Iowa Corp reported for one person in the fiscal year ending June 30, 2025 was $2,471,013, for the role of DIRECTOR; REGIONAL PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Mercy Health Services - Iowa Corp get its money?

Of $933.9 million in revenue in the fiscal year ending June 30, 2025, 1.0% came from contributions and grants (including 0.4% from government grants) and 92.7% from program service revenue (Form 990, Part VIII).

Is Mercy Health Services - Iowa Corp a registered charity?

The IRS lists EIN 31-1373080 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621319349303827 · read the filing · XML
FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349301937 · read the filing
FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401349349305285 · read the filing
FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202311309349303506 · read the filing
FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221339349308672 · read the filing
FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141369349300724 · read the filing

All filings for EIN 31-1373080: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.