Mercy Development Foundation

What it reported doing in 2020

In 2020, mercy development foundation solicited 6,218 gifts from 1,356 individuals, businesses, corporations, organizations, foundations and government agencies. These dollars supported capital and programming needs of cleveland clinic mercy hospital. Some of the programs supported included covid expenditures, morgue expansion project, dental clinic, cancer center, cardiology programs in massillon, sexual assault and victims of crime, mission and ministry outreach and areas of greatest need. The mercy development foundation (mdf) serves in an advisory role to the mercy service league which is a separate 501(c)(3). In 2020, the mercy service league presented a donation of $160,000 for establishment of a clinical decision unit, a part of the facility transformation project, from the proceeds of the 2019 harvest ball. In addition, the mercy service league presented a donation of $240,000 for the support of cleveland clinic mercy hospital's cancer patients who are experiencing financial hardship. The staff of the foundation worked with the mercy service league members on a fundraiser called hope and heroes with the proceeds benefitting mercy's frontline caregivers being impacted by the stress of covid.the foundation's staff researches, prepares and submits grants in support of the needs of cleveland clinic mercy hospital. Through the foundation's efforts, mercy hospital was directly awarded a fema (federal emergency management agency)/oema (Ohio emergency management agency) grant in response to hospital expenses incurred due to the covid pandemic. Mercy also was awarded a victims of crime act (voca) grant from the office of the attorney general. This grant supports the efforts of the healing after violent encounters network (haven) which provides medical forensic nursing care and support to individuals impacted by violence, elder abuse and neglect, domestic violence, human trafficking and sexual assault. The foundation also works with the Ohio department of health to support women, infants and children [wic] program that provides medical and nutritional care in carrollton, Ohio for mercy's offsite location in an underserved area. Specific 2020 program service accomplishments included: mercy charity clays - due to the covid pandemic, this event was held in september at one of the most prestigious courses in the midwest - hill 'n dale club in medina. The proceeds from this event benefited the hospital's area of greatest need.fore mercy's sake - mercy development foundation coordinates this annual golf outing with the proceeds benefitting mercy international mission outreach (mimo) and the hospital's area of greatest need. Mimo is an annual medical mission trip to an underdeveloped country. The trip was cancelled in 2020 due to the covid pandemic.2020 campaign of caring - keepers of the mission: honoring healthcare heroes - this effort is the foundation's annual appeal to hospital employees, community donors and board members. The proceeds from the annual appeal benefit the hospital's area of greatest need. Donor cultivation and stewardship activities include mercy's founders day mass and brunch in the later part of september commemorating the hospital's founding date of september 24. This event was cancelled due to the covid pandemic in 2020. Invitations were modified to express gratitude to our donors and a prayer card was added.

Financial Efficiency

• Mission deployment rate: 15.3%; rating input score 15
• Program expense ratio: 21.4%; rating input score 21
• Fundraising efficiency: $2.67 raised per $1 spent on fundraising; rating input score 5; 5th 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; 74th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 80%; rating input score 80; 16th 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: 29.6%; rating input score 80; 80th percentile among comparable filings
• Total-asset coverage ratio: 4.32; rating input score 79; 79th percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 39; 39th percentile among comparable filings
• Officer compensation ratio: 37.8%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: -6.9% per year; rating input score 0; 12th percentile among comparable filings
• Revenue growth: -10% per year; rating input score 0; 5th percentile among comparable filings
• Asset growth: 20.6% per year; rating input score 100; 82nd percentile among comparable filings