Mercy College of Ohio
Nonprofit profile at a glance
- EIN
- 341726619
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Toledo, Ohio, United States
- Phone
- 419.251.1313
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Ambulatory Health Center, Community Clinic
- Affiliation
- Christianity
Reported finances
- Revenue
- $20,273,797
- Expenses
- $24,334,505
- Assets
- $36,790,486
- Liabilities
- $801,719
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- Manuel Martinez (Interim MCO President (03/24 - 05/24))
- Susan Wajert (Secretary, MCO President (End 03/24))
- Trevor Bates (Secretary, MCO President (Beg 05/24))
- JEFFREY DEMPSEY (Board Member, President, MSVMC)
Highest reported compensation
- JODI PAHL (Board Member, CNO): $650,098 total reported compensation
- JEFFREY DEMPSEY (Board Member, President, MSVMC): $580,943 total reported compensation
- RANDALL SCHLIEVERT MD (Board Member, VP Academic Affairs): $492,291 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mercy College of Ohio, a Catholic institution with a focus on healthcare, educates and inspires students to lead and to serve in the global community.
What it reported doing in 2024
The mission of Mercy College is to educate and inspire students to lead and serve in the global community. The vision of Mercy College is to be the leader in educating individuals committed to intellectual inquiry, social engagement, and lifelong learning. For fall 2024, Mercy College served a student body of 1,124, including graduate, undergraduate and non-credit programs.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 88% 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: 84
- Transparency & Controls: 75
- Accountability: 57
- Sustainability: 32
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.8%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -20%; rating input score 5; 5th percentile among comparable filings
- Total-asset coverage ratio: 1.51; rating input score 51; 51st percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
- Officer compensation ratio: 6.8%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 2.1% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: 1% per year; rating input score 100; 12th percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 67th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 84.8% of spending went to programs
- Governance: 6 of 12 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $20.6M in reported program spending
- Leadership: top reported pay $650K · 24 people listed · 0 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 122 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 50/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 5/100.
- Review — Sustainability: Total-asset coverage ratio scored 51/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.