Mercy Clinics Inc

Nonprofit profile at a glance

EIN
421193699
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Des Moines, IA, USA
Phone
5152473224
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$195,914,009
Expenses
$242,705,452
Assets
$466,113,825
Liabilities
$603,127,705

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

Leadership & pay

22 people listed

Executive titles in this filing

  • ROBERT RITZ (DIRECTOR; CEO MERCY HEALTH NETWORK)
  • JENNIFER OLSON DO (PRESIDENT, MEDICAL GROUP)

Highest reported compensation

  • ROBERT RITZ (DIRECTOR; CEO MERCY HEALTH NETWORK): $2,471,013 total reported compensation
  • MICHAEL WEGNER (FORMER OFFICER): $1,653,467 total reported compensation
  • TROY MUNSON MD (NEUROSURGEON): $1,234,338 total reported compensation

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

Overview

Mission

We, mercy clinics and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Mercy clinics is a member of trinity health.

What it reported doing in 2024

Mercy clinics operates various physician clinics in the greater des moines, Iowa area, which include family practice clinics, urgent care clinics, quick care clinics, and specialty clinics which include such specialties as gastroenterology, geriatric medicine, internal medicine, neurology, otolaryngology, pediatrics, physical therapy, rheumatology, gynecologic oncology care, and general, colorectal, bariatric, plastic, reconstructive, and breast surgery.mercy clinics is dedicated to improving the health of its community in partnership with others. Mercy clinics achieves this by providing patients and their families with accessible and effective disease prevention, diagnosis, treatment, and education.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

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 a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 71
  • Accountability: 64
  • Sustainability: 30
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.6%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 53.8%; rating input score 54; 14th 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: -23.9%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 1.92; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 1.29; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 0.5%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 11th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: 18% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.6% of spending went to programs
  • Governance: 7 of 13 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $220M in reported program spending
  • Leadership: top reported pay $2.5M · 22 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.9M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 308 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.
  • Review — Accountability: Independent voting board scored 54/100.
  • High — Sustainability: Operating margin scored 3/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.