Mercyhealth

What it reported doing in 2024

Fhn operates and/or supports a variety of community benefit programs that included but were not limited to the following: community health education programs: as part of fhn's commitment to providing health education to area communities, fhn provided numerous community education events and school health programs and support group events. The estimated direct and indirect costs of these programs and development of resources were approximately $46,000.community-based clinical services: as part of fhn's mission to improve health, fhn and the stephenson county health department have partnered to provide primary health care services to anyone in need of medical care at the fhn community healthcare center. Approximately 2,500 patient visits were provided in 2024. Services offered include diagnosis and treatment of common acute illnesses as well as management of chronic health problems, including nurse practitioner exams and consultations, lab tests, x-rays and health education.fhn also provided 3,910 health screens and sports physicals, 551 hours of conditioning and training support and sports medicine trainers at several events. The estimated direct and indirect costs of these programs were approximately $406,000.health care support services: since community members may require different types of assistance, fhn provides information and referral services, translation services and transportation assistance. The estimated direct and indirect costs of these programs were approximately $74,000. Health professional education: fhn supports the training of health care professionals by providing scholarships, clinical settings and supervision to non-fhn employees. The estimated direct and indirect costs of these programs were approximately $274,000.financial contributions: fhn recognizes the importance of giving back to the community through charitable organization and others involved in promoting health and wellness in our community. In 2024, fhn provided support to a number of community groups through direct financial contributions and providing rooms or staff time. The estimated direct and indirect costs of these programs were approximately $87,000.community-building activities: fhn values the contributions and efforts of other organizations in improving the health of our communities. As such, fhn provided financial and in-kind support to assist other local community development organizations. The estimated direct and indirect costs of these programs were approximately $46,000.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 66.6%; rating input score 67
• Fundraising efficiency: $1.39 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • 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; 66th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • 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: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -56.3%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 0.7; rating input score 24; 24th percentile among comparable filings
• Liabilities to assets ratio: 0.92; rating input score 9; 9th percentile among comparable filings
• Officer compensation ratio: 7.9%; rating input score 30; 30th percentile among comparable filings

Growth

• Program expense growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 1.2% per year; rating input score 100; 13th percentile among comparable filings
• Asset growth: 1.5% per year; rating input score 100; 15th percentile among comparable filings