Bon Secours Mercy Health Foundation

Nonprofit profile at a glance

EIN
201072726
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Blue Ash, OH, United States
Phone
(800) 999-2744
Rating
65
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Fund Raising and Fund Distribution
Affiliation
Religious (unspecified)

Official website

Reported finances

Revenue
$87,017,211
Expenses
$51,960,519
Assets
$436,921,435
Liabilities
$7,252,657

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • Timothy Koder (Board Member, Foundation President)
  • Ann Carpin (Richmond Foundation President)
  • Paul Homick (Youngstown Foundation President)
  • Scott Pember (Lorain Foundation President)

Highest reported compensation

  • MICHAEL BEZNEY JD (Board Member, Chief Legal Officer & General Counsel): $2,517,954 total reported compensation
  • TRAVIS CRUM (Former Treasurer, BSMH CFO): $1,621,878 total reported compensation
  • Timothy Koder (Board Member, Foundation President): $567,439 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Good health is important for a good life, and good health starts here in each community served by Bon Secours Mercy Health (foundation donor-facing purpose/overview). As a donor, you have a direct impact on every person who turns to us for medical care, regardless of their ability to pay. Every charitable donation supports the latest medical technology, the most skilled health care, comfortable and updated hospitals and care environments, and outreach services that improve the health of our communities. Bon Secours Mercy Health's local foundations address the unique health needs that arise within their communities. When you contribute to one of our 13 local foundations or for a special dedicated program, that’s where your gifts go to work. bsmhf-locations-main.

What it reported doing in 2024

The Bon Secours Mercy Health Foundation coordinates charitable giving for all hospitals, facilities, programs and services operated by Bon Secours Mercy Health. As a non-profit health care ministry, we depend on generous donors to keep providing the best health care in every community we serve. BON SECOURS MERCY HEALTH FOUNDATION AWARDED $33,674,757 IN GRANTS DURING 2024 TO PROGRAMS THAT ADDRESS THE HEALTHCARE NEEDS OF PERSONS WHO ARE POOR AND UNDERSERVED.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 60
  • Accountability: 84
  • Sustainability: 84
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.2%; rating input score 49
  • Program expense ratio: 64.9%; rating input score 65
  • Fundraising efficiency: $7.56 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Limited
    • Conducts field audits: Limited
    • May suspend future funding: Limited
    • Requires financial reports: Limited
    • Conducts site visits: Limited
    • Requires grant agreements: Limited
    • May require repayment: Limited
  • Grant itemization coverage: 98%; rating input score 98; 34th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 89.5%; rating input score 89; 37th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 40.3%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 8.41; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 14.2% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: 13.3% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site
  • Where the money goes: 49.2% of revenue deployed · 64.9% of spending went to programs
  • Governance: 17 of 19 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $33.7M in reported program spending
  • Leadership: top reported pay $2.5M · 26 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 39 of 41 current checks pass · 2 findings to review
  • Schedules: 11 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 61 filed money-flow records
  • Related organizations: 175 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.