Catherine Mcauley Mercy Foundation Inc

Overview

Mission

Catherine McAuley Mercy Foundation INC (CMMF) provides financial resources and support to Sisters of Mercy Urgent Care INC (SOMUC) and other organizations identified and associated with SOMUC. CMMF, which is the fundraising arm of SOMUC, assists with opening new clinics, purchasing medical equipment and supplies, subsidizing programs such as medical charity care as well as other initiatives of SOMUC.

What it reported doing in 2023

During Fiscal Year 2024, Catherine McAuley Mercy Foundation (CMMF) provided $263,260 in funding to Sisters of Mercy Urgent Care (SOMUC) to assist with capital, including updating clinics. Included in that support to SOMUC is the compassionate care program which provides a subsidy to under-served and/or under-insured patients at our Urgent Care Centers. Sisters of Mercy Urgent Care (SOMUC), exists to provide affordable quality care to all regardless of someone's ability to pay.

Operating model

Revenue model
Investment-supported. 93% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The program-spending lines do not add up, so the filing cannot show reliably whether the nonprofit works directly or through others.

Nonprofit profile at a glance

EIN
237075024
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Headquarters
Asheville, NC, USA
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

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The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 39
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 74.6%; rating input score 75
  • Fundraising efficiency: $3.39 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -210.3%; rating input score 1; 1st percentile among comparable filings
  • Operating reserve ratio: 25.52; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -4.4% per year; rating input score 0; 19th percentile among comparable filings
  • Revenue growth: 5.3% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 5.5% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 74.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $775K in reported program spending
  • Leadership: top reported pay $231K · 19 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 22 of 22 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 10 annual filings from 2009 to 2023
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link