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Mercy Health System Corporation

Janesville, WI · EIN 39-0816848 · 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 System Corporation reported $769.8 million in revenue and $719.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $75.23 went to program services, $24.77 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: 92.3% of the total. The highest compensation it reported for one person was $16,336,153 (PRESIDENT/CEO). 765 people received more than $100,000 in reportable compensation. Revenue rose 9% between FY2021 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 $719M

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 $770M

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.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
75.2%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
24.8%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
0.5%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
92.3%93.7%
Highest reported compensation
Part VII-A, columns D–F
$16,336,153$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.27%1.34%
People paid over $100,000
Part VII, line 2
76527
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
10.16.6
Independent voting board members
Part VI 1a–1b
6 of 888.9%

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
$541M expenses · 100.0% of program spending · grants $9.1M · revenue $745M

Hospital discharges 7,132, nursing home admissions 201, births 698, outpatient and inpatient surgeries 10,805.mhsc continues its tradition of giving back to each of the communities served in a wide variety of fashions. Mhsc contributes to the area of public health services. This includes extensive donations of time and supplies to healthnet of rock county, a large free primary care clinic serving the region. More than eighty percent of the physician services provided at the clinic are supplied through mhsc. In addition, mhsc assists open arms free clinic, a not-for-profit that serves…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO
Director/trustee, officer, 60.00 hrs/week
$11,640,824$0$4,695,329$16,336,153
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$2,851,580$0$57,114$2,908,694
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$2,033,578$0$46,409$2,079,987
PHYSICIAN
Highest compensated employee, 30.00 hrs/week
$1,816,228$0$62,334$1,878,562
PHYSICIAN
Highest compensated employee, 32.00 hrs/week
$1,686,781$0$48,431$1,735,212
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,403,452$0$23,827$1,427,279
VP/CFO (TERM 01/2025)
Officer, 55.00 hrs/week
$935,469$0$77,630$1,013,099
VICE-PRESIDENT (TERM 09/2025)
Officer, 55.00 hrs/week
$533,533$0$66,109$599,642

765 people received more than $100,000 in reportable compensation from Mercy Health System Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $23M (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$200M$400M$600M$800MFY2021FY2022FY2023FY2024FY2025$770M$719M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$770M$719M75.2%$604M$16,336,153
FY2024 ⓘ$723M$670M80.1%$554M$22,757,779
FY2023 ⓘ$686M$627M79.1%$500M$11,561,020
FY2022 ⓘ$658M$611M79.2%$440M$12,527,853
FY2021 ⓘ$709M$627M80.8%$400M$12,132,146

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–1b8 · 6 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 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • 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 54,976
  • Volunteers Part I, line 6615

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
ARX AN ASPIRION COMPANY
Revenue cycle/claims management
$6,642,170
CALIBER HEALTHCARE SOLUTIONS LLC
Physicians services
$1,316,765
LAMAR COMPANIES
Advertising services
$867,837
METRO ENFORCEMENT
Security services
$563,101
TRIAGE LLC
Medical staffing services
$507,469

Individuals listed as contractors are left out. 40 contractors were paid more than $100,000 in all.

Private foundation grants it received

1 private foundation reported grants to Mercy Health System Corporation totaling $15,000 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 Health System 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 Health System Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Wisconsin

Questions people ask

How much of Mercy Health System Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Mercy Health System Corporation reported that 75.2% of its $719.2 million in expenses went to program services, 24.8% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Mercy Health System Corporation pay its top executive?

The largest total compensation Mercy Health System Corporation reported for one person in the fiscal year ending June 30, 2025 was $16,336,153, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Mercy Health System Corporation get its money?

Of $769.8 million in revenue in the fiscal year ending June 30, 2025, 0.5% came from contributions and grants (including 0.0% from government grants) and 92.3% from program service revenue (Form 990, Part VIII).

Is Mercy Health System Corporation a registered charity?

The IRS lists EIN 39-0816848 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 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 202641359349310394 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202541359349315964 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441369349316694 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349317573 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211369349314411 · read the filing

All filings for EIN 39-0816848: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.