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Mercy Medical Center

Cedar Rapids, IA · EIN 42-0698295 · 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 Medical Center reported $524.5 million in revenue and $525.2 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $80.53 went to program services, $19.47 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: 95.0% of the total. The highest compensation it reported for one person was $3,342,795 (PHYSICIAN). 336 people received more than $100,000 in reportable compensation. Revenue rose 47% 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 $525M

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 $525M

Other revenue was negative: −$2.2M. The bar shows the positive sources only.

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)
80.5%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
19.5%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
4.4%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.1%
Program service revenue share
Part VIII 2g ÷ 12
95.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$3,342,795$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.64%1.34%
People paid over $100,000
Part VII, line 2
33627
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
11.56.6
Independent voting board members
Part VI 1a–1b
14 of 2088.9%

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
$423M expenses · 100.0% of program spending · grants $12M · revenue $495M

Mercy Medical Center (hospital) provides medical health care, including 24 hours a day, seven days a week trauma center service, to all patients accessing the system, regardless of race, creed, sex, national origin, handicap, age or ability to pay. A patient is classified as a charity patient by reference to certain estabilished policies of the hospital. Essentially, these policies define charity services as those services for which no or nominal payment is anticipated. Additionally, each hospital department accepts all patients who are covered by governmental indigent programs. Such indigent…

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
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$3,310,068$0$32,727$3,342,795
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,539,824$0$32,025$1,571,849
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,333,962$0$41,566$1,375,528
MEMBER BOARD OF TRUSTEES
Director/trustee, 40.00 hrs/week
$1,276,754$0$40,376$1,317,130
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,268,922$0$35,981$1,304,903
PHYSICIAN
Highest compensated employee, 40.00 hrs/week
$1,235,174$0$7,895$1,243,069
PRESIDENT & CHIEF EXECUTIVE OFFICER
Director/trustee, officer, 40.00 hrs/week
$728,839$0$89,248$818,087
FORMER PRESIDENT & CHIEF EXECUTIVE OFFICER
Former, 40.00 hrs/week
$695,379$0$0$695,379

336 people received more than $100,000 in reportable compensation from Mercy Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $3.4M (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
$0$200M$400M$600M$800MFY2020FY2021FY2022FY2023FY2024FY2025$525M$525M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$525M$525M80.5%$505M$3,342,795
FY2024 ⓘ$479M$488M80.7%$494M$2,020,262
FY2023 ⓘ$436M$456M82.2%$490M$1,743,160
FY2022 ⓘ$418M$413M79.8%$506M$1,541,082
FY2021 ⓘ$392M$374M78.6%$511M$1,198,353
FY2020 ⓘ$356M$352M78.7%$392M$1,304,309

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–1b20 · 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 11aNo
  • 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 14bYes
  • Employees Part I, line 53,288
  • Volunteers Part I, line 6636

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
VAYA WORKFORCE SOLUTIONS LLC
Healthcare professional services
$7,799,655
SOUND PHYSICIANS
Healthcare professional services
$6,621,700
ONCOLOGY ASSOCIATES OF CEDAR RAPIDS
Healthcare professional services
$5,236,205
WEATHERBY LOCUMS INCICINE
Healthcare professional services
$3,508,169
LINN COUNTY EMERGENCY MEDICINE
Healthcare professional services
$3,296,930

Individuals listed as contractors are left out. 70 contractors were paid more than $100,000 in all.

Private foundation grants it received

5 private foundations reported grants to Mercy Medical Center totaling $708K 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 Medical Center'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 Medical Center, you can publish a response that is linked from this page.

Similar-sized charities in this cause

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Questions people ask

How much of Mercy Medical Center's spending goes to programs?

In the fiscal year ending June 30, 2025, Mercy Medical Center reported that 80.5% of its $525.2 million in expenses went to program services, 19.5% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Mercy Medical Center pay its top executive?

The largest total compensation Mercy Medical Center reported for one person in the fiscal year ending June 30, 2025 was $3,342,795, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Mercy Medical Center get its money?

Of $524.5 million in revenue in the fiscal year ending June 30, 2025, 4.4% came from contributions and grants and 95.0% from program service revenue (Form 990, Part VIII).

Is Mercy Medical Center a registered charity?

The IRS lists EIN 42-0698295 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 202621349349303682 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202511359349309521 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202421369349313372 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301359349311975 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202211339349307756 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202111339349305571 · read the filing

All filings for EIN 42-0698295: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.