Mercy Memorial Hospital Corporation
Also known as Promedica Monroe Regional Hospital
Mercy Memorial Hospital Corporation reported $193.1 million in revenue and $169.4 million in expenses for calendar year 2024. Of every $100 it spent, $79.02 went to program services, $20.98 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.1% of the total. The highest compensation it reported for one person was $3,133,332 (CEO). 49 people received more than $100,000 in reportable compensation. Revenue rose 42% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $169MFor 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
Calendar year 2024 · Form 990, Part VIII · total revenue $193M- Contributions & grants (non-government)$0.10 $195K
- Government grants$0.25 $481K
- Program service revenue$96.91 $189M
- Other revenue$2.74 $5.4M
Investment income was negative: −$2.4M. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.0% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 21.0% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.4% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.2% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.1% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $3,133,332 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.85% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 49 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 14 of 18 | 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
2024 · Form 990, Part III · the three largest programs by expenseMercy Memorial Hospital Corporation (d/b/a promedica monroe regional hospital) is a member of promedica health system, inc. (promedica), a mission-based, locally owned, nonprofit healthcare organization highly focused on achieving core values. Headquartered in toledo, ohio, promedica serves 17 states across the country and is one of the nation's leading health systems . Our stewardship of resources has enabled US to wisely invest in patient-centered care, advanced technology, innovative programs, and family-oriented facilities that help to ensure patients and area residents have equal access…
Highest reported compensation
2024 · 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 |
|---|---|---|---|---|
| CEO Officer, 1.00 hrs/week | $0 | $3,119,320 | $14,012 | $3,133,332 |
| TREASURER/CFO Officer, 1.00 hrs/week | $0 | $1,209,318 | $6,610 | $1,215,928 |
| TRUSTEE/CHIEF ADMINISTRATIVE OFFICER Director/trustee, 1.00 hrs/week | $0 | $1,189,894 | $12,432 | $1,202,326 |
| SECRETARY/CHIEF LEGAL OFFICER Officer, 1.00 hrs/week | $0 | $1,180,376 | $6,038 | $1,186,414 |
| PRESIDENT Director/trustee, officer, 1.00 hrs/week | $0 | $640,902 | $10,194 | $651,096 |
| TRUSTEE/VP OF REVENUE CYCLE Director/trustee, 1.00 hrs/week | $0 | $406,265 | $12,572 | $418,837 |
| TRUSTEE/CHIEF PHILATHROPY OFFICER Director/trustee, 1.00 hrs/week | $0 | $246,354 | $4,057 | $250,411 |
| DIRECTOR OF PHARMACY SERVICES Highest compensated employee, 45.00 hrs/week | $192,953 | $0 | $3,194 | $196,147 |
49 people received more than $100,000 in reportable compensation from Mercy Memorial Hospital Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · 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–1b18 · 14 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 51,212
- Volunteers Part I, line 687
Private foundation grants it received
1 private foundation reported grants to Mercy Memorial Hospital Corporation totaling $18,251 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Mercy Memorial Hospital Corporation'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 Memorial Hospital Corporation, you can publish a response that is linked from this page.
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Of every $100 Mercy Memorial Hospital Corporation spent in 2024, $79.02 went to programs. The full breakdown, from its IRS Form 990:
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- Lakeview Memorial Hospital AssociationMinneapolis, MN · revenue $193M · programs 90.4% · 2024
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Questions people ask
How much of Mercy Memorial Hospital Corporation's spending goes to programs?
In calendar year 2024, Mercy Memorial Hospital Corporation reported that 79.0% of its $169.4 million in expenses went to program services, 21.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Mercy Memorial Hospital Corporation pay its top executive?
The largest total compensation Mercy Memorial Hospital Corporation reported for one person in calendar year 2024 was $3,133,332, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Mercy Memorial Hospital Corporation get its money?
Of $193.1 million in revenue in calendar year 2024, 0.4% came from contributions and grants (including 0.2% from government grants) and 98.1% from program service revenue (Form 990, Part VIII).
Is Mercy Memorial Hospital Corporation a registered charity?
The IRS lists EIN 38-1984289 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
- 2024: Form 990 for calendar year 2024, object 202532879349301833 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202433199349306398 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313189349316116 · read the filing
- 2021: Form 990 for calendar year 2021, object 202243129349302349 · read the filing
- 2020: Form 990 for calendar year 2020, object 202103169349308395 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043189349301324 · read the filing
All filings for EIN 38-1984289: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.