Mercy and Unity Hospitals Foundation

Nonprofit profile at a glance

EIN
300086426
IRS 990 coverage
2011–2022
Forms available
Form 990 2022
Location
Minneapolis, MN, USA
Phone
6122620660
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$232,467
Expenses
$501,406
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

16 people listed

Highest reported compensation

  • SARA CRIGER (DIRECTOR/PRES. MERCY HOSP.): $1,681,503 total reported compensation
  • RICHARD MAGNUSON (CFO): $1,474,410 total reported compensation
  • SARA H SCHOEL MD (DIRECTOR): $470,879 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mercy hospital foundation exists to enhance the health of the patients of mercy hospital and the communities that we serve. The foundation supports the efforts of the hospital in providing exceptional patient care, advanced technology, and a healthy work environment through fundraising.the mercy hospital foundation supports the award-winning care that is provided to the patients of our hospital by raising money from individuals, corporations, and foundations.the fund raising conducted by mercy hospital foundation supports the programs of the hospital. These programs are designed to meet the needs of our patients, staff and community members. Ultimately, our patients benefit from the latest technology available and the most innovative care possible. Our staff benefits from working in a safe environment that supports their needs. Our community benefits by having exceptional care available close to home.

What it reported doing in 2022

Staff and employee wellness, education and training - $39,831providing stress reducing treatment and educational training for employees and staff. Training includes mri certification as well as national trauma care best practices and improvement courses to maintain competency in optimal trauma care for patients served by mercy hospitals. Workspace improvements - $11,225create a more streamlined space for staff to better assist patients. Patient and community care $5,600funding includes a social worker partnership with blaine/coon rapids police department. Newborn swaddles - $4,833provides onesies for newborns born within mercy/unity hospitals.

Operating model

Revenue model
Affiliate-supported. 60% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 71
  • Accountability: 84
  • Sustainability: 2
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 71.1%; rating input score 71
  • Fundraising efficiency: $3.18 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: Limited
  • Grant itemization coverage: 100%; rating input score 100; 81st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 73.3%; rating input score 73; 19th 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: -115.7%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 57.6%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -5.1% per year; rating input score 0; 20th percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -1.7% per year; rating input score 0; 20th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 71.1% of spending went to programs
  • Governance: 11 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $356K in reported program spending
  • Leadership: top reported pay $1.7M · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 11 filing years from 2011 to 2022
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 37 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 13/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.