MERCY HEALTH PARTNERS

MERCY HEALTH PARTNERS

MUSKEGON, MI, US
501(c)(3)
EIN
38-2589966
Hospital
Regional Funder
Subordinate Organization

MERCY HEALTH PARTNERS

MUSKEGON, MI, US
501(c)(3)
EIN
38-2589966
Hospital
Regional Funder
Subordinate Organization

Balance Sheet

Fiscal Year Start:
Jul 1
Assets in 2024 (Year End)

$919,300,944

Property, Plant, & Equipment (net)
42%
Investments
24%
Other Assets
22%
Receivables (Non-Related)
12%
Inventories
1%
Prepaid Expenses
<1%
Cash & Equivalents
<1%
Related-Party Receivables
0%
Liabilities in 2024 (Year End)

$667,189,987

Other Liabilities
83%
Payables & Accruals
16%
Deferred Revenue
<1%
Grants Payable
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$2,191,492
$520,429
-76%
Receivables (Non-Related)
$81,185,567
$108,351,706
+33%
Related-Party Receivables
-
-
-
Inventories
$9,541,179
$9,652,422
+1%
Prepaid Expenses
$1,190,613
$1,678,066
+41%
Investments
$165,639,221
$216,715,360
+31%
Property, Plant, & Equipment (net)
$398,124,829
$382,284,252
-4%
Other Assets
$197,004,185
$200,098,709
+2%
Total Assets
$854,877,086
$919,300,944
+8%
Liabilities
2023
2024
Change
Payables & Accruals
$107,071,122
$107,719,224
+1%
Grants Payable
-
-
-
Deferred Revenue
$2,565,765
$2,524,294
-2%
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
$2,213,952
-
-
Related-Party Payables
-
-
-
Other Liabilities
$497,385,689
$556,946,469
+12%
Total Liabilities
$609,236,528
$667,189,987
+10%
Net assets
2023
2024
Change
Restricted Net Assets
$5,292,296
$5,167,640
-2%
Unrestricted Net Assets
$240,348,262
$246,943,317
+3%
Net assets
2023
2024
Change
Net assets
+$245,640,558
+$252,110,957
+3%
Balance Sheet
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