Mercy Hospital of Franciscan Sisters Inc

Nonprofit profile at a glance

EIN
421178403
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Oelwein, IA, USA
Phone
3192836000
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$20,249,826
Expenses
$16,699,873
Assets
$33,222,471
Liabilities
$16,442,215

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

Leadership & pay

21 people listed

Highest reported compensation

  • KURT ANDERSEN MD (DIRECTOR AS OF 1/25; PRES CENTRAL IA): $1,931,294 total reported compensation
  • JACK DUSENBERY (FORMER OFFICER): $728,110 total reported compensation
  • MATTHEW SOJKA MD (VP, MEDICAL AFFAIRS): $653,042 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 hospital of franciscan sisters and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Mercy hospital of franciscan sisters is a member of trinity health.

What it reported doing in 2024

Mercy hospital of franciscan sisters (mercyone oelwein) is a 25-bed critical access hospital providing acute and outpatient care to the community and surrounding area of oelwein, Iowa. Mercyone oelwein provides acute inpatient care, swing beds and skilled care, as well as 24-hour emergency room coverage staffed by registered nurses and physicians. Mercyone oelwein provides ambulance transport and serves as the emergency 911 responder for the city of oelwein. Other inpatient and outpatient services include radiology with ct, mri, 3d mammography, ultrasound, and dexa; laboratory; inpatient pharmacy; respiratory therapy; rehabilitation therapies (physical therapy, occupational therapy, and speech therapy); echo; stress tests; cardiac/pulmonary rehab; spiritual care; social services and nutrition counseling.beyond providing exceptional and compassionate health care services daily, mercyone oelwein extends its healing mission into the community through numerous programs and resources, including occupational health services, a mobile food pantry in partnership with the northeast Iowa food bank, and many other general health education and screening activities.please see schedule h and visit our website for additional information about our services and specialties: www.mercyone.org/location/mercyone-oelwein-medical-center

Operating model

Revenue model
Earned-program. 99% 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: 65
  • Transparency & Controls: 74
  • Accountability: 59
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.3%; rating input score 67
  • Program expense ratio: 81.6%; rating input score 82
  • 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: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 37.5%; rating input score 38; 7th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • 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: 17.5%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 1.99; rating input score 61; 61st percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 1.2% per year; rating input score 100; 15th percentile among comparable filings
  • Revenue growth: 2.1% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 12.1% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: 67.3% of revenue deployed · 81.6% of spending went to programs
  • Governance: 3 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $13.6M in reported program spending
  • Leadership: top reported pay $1.9M · 21 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.6M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 8 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 309 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.
  • Moderate — Accountability: Independent voting board scored 38/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 52/100.