Catherine Mcauley Mercy Foundation Inc

Nonprofit profile at a glance

EIN
237075024
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Asheville, NC, USA
Phone
8282810378
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,474,821
Expenses
$1,104,851
Assets
$27,784,635
Liabilities
$261,419

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Rachel Sossoman (President and CEO)
  • Paige Blankenship (Vice President of Finance)

Highest reported compensation

  • Elizabeth McCarty MD (Medical Director): $249,042 total reported compensation
  • Rachel Sossoman (President and CEO): $190,484 total reported compensation
  • Grace Barnwell NP (Provider): $159,065 total reported compensation

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

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 2024

During Fiscal Year 2025, Catherine McAuley Mercy Foundation (CMMF) provided $757,400 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. 92% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 81
  • Accountability: 95
  • Sustainability: 75
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.9%; rating input score 88
  • Program expense ratio: 68.6%; rating input score 69
  • Fundraising efficiency: $5.36 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party 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
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.1%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 25.15; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 5% per year; rating input score 100; 44th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 87.9% of revenue deployed · 68.6% of spending went to programs
  • Governance: 8 of 8 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $757K in reported program spending
  • Leadership: top reported pay $249K · 18 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.