MERCY HEALTH SERVICES - IOWA CORP

MERCY HEALTH SERVICES - IOWA CORP

Mason City, IA, US
501(c)3
EIN
31-1373080
Hospital
Regional Funder
Subordinate Organization

MERCY HEALTH SERVICES - IOWA CORP

Mason City, IA, US
501(c)3
EIN
31-1373080
Hospital
Regional Funder
Subordinate Organization

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$972,680,275

Program Services
93%
Other
6%
Investments
<1%
Government Grants
<1%
Contributions
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$993,160,513

Salaries & Benefits
40%
Other
33%
Fees to Service Providers
15%
Offices, Occupancy & IT
7%
Depreciation
4%
Interest
2%
Advertising & Promotion
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$633,219
$40,655
-94%
Government Grants
$1,284,090
$795,623
-38%
Fundraising Events
$0
$0
-
Program Services
$811,223,737
$904,324,657
+11%
Membership Dues
$0
$0
-
Investments
$5,725,576
$6,312,951
+10%
Other
$62,319,502
$61,206,389
-2%
Total Revenues
$881,186,124
$972,680,275
+10%
Expenses
2023
2024
Change
Grants
$1,623,571
$1,364,001
-16%
Benefits to Members
$0
$0
-
Salaries & Benefits
$387,182,592
$395,617,350
+2%
Fees to Service Providers
$153,315,413
$145,617,281
-5%
Advertising & Promotion
$1,773,025
$1,668,094
-6%
Offices, Occupancy & IT
$67,531,578
$65,634,820
-3%
Interest
$13,841,857
$15,542,536
+12%
Depreciation
$40,355,562
$35,980,323
-11%
Other
$301,483,005
$331,736,108
+10%
Total Expenses
$967,106,603
$993,160,513
+3%
Net income
2023
2024
Change
Net income
-$85,920,479
-$20,480,238
+76%
Functional Expenses
Summary
2023
2024
Change
Program
$867,866,769
$889,795,943
+3%
Admin
$98,683,524
$102,728,439
+4%
Fundraising
$556,310
$636,131
+14%
Total Expenses
$967,106,603
$993,160,513
+3%
Income Statement
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