Mercyhealth Development Foundation Inc

Nonprofit profile at a glance

EIN
363197918
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Rockford, IL, USA
Phone
8159715000
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Official website

Reported finances

Revenue
$8,701,109
Expenses
$6,058,810
Assets
$60,484,315
Liabilities
$5,688,068

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

Leadership & pay

12 people listed

Executive titles in this filing

  • LADD UDY (VICE-PRESIDENT)
  • JAVON R BEA (PRESIDENT/CEO (SEE PAGES 41-42))

Highest reported compensation

  • JAVON R BEA (PRESIDENT/CEO (SEE PAGES 41-42)): $16,336,153 total reported compensation
  • TODD ANDERSON (VP/CFO (TERM 01/2025)): $1,013,099 total reported compensation
  • MARK L GOELZER MD (DIRECTOR/PHYSICIAN): $539,240 total reported compensation

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

Overview

Mission

Mercyhealth's mission is to provide exceptional health care services with a passion for making lives better, guided by a vision of excellence in patient care, service, partnership, and cost-effectiveness. Core values include holistic healing, prioritizing patients, treating each other like family, and striving for excellence. The foundation supports this mission by leveraging philanthropic resources to strengthen programs and services across the health system.

What it reported doing in 2024

In fy2025, endowments and restricted funds enabled continuing education and professional development for employees throughout the health system, including specialized training for partners and physicians and scholarship opportunities for students. Restricted gifts also funded essential patient support, including assistance for indigent individuals, transportation for cancer patients undergoing treatment, care and comfort items for hospice patients and critical equipment for neonatal intensive care units (nicus).donations from the auxiliary supported initiatives such as: - ronald mcdonald care mobile - nursing scholarships for underrepresented students - pet therapy programs - radiology school assistance

Operating model

Revenue model
Donor-supported. 85% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 99% 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 71
  • Accountability: 75
  • Sustainability: 73
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.7%; rating input score 78
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: $339.48 raised per $1 spent on fundraising; rating input score 94; 94th 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; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 14th 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: 30.4%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 9.98; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 60; 60th percentile among comparable filings
  • Officer compensation ratio: 80.2%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -5.8% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -1.7% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -7.3% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 77.7% of revenue deployed · 98.4% of spending went to programs
  • Governance: 8 of 10 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6M in reported program spending
  • Leadership: top reported pay $16.3M · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 17 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: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.