MERCY MEDICAL CENTER

MERCY MEDICAL CENTER

CEDAR RAPIDS, IA, US
501(c)(3)
EIN
42-0698295
Hospital
Regional Funder
Subordinate Organization

MERCY MEDICAL CENTER

CEDAR RAPIDS, IA, US
501(c)(3)
EIN
42-0698295
Hospital
Regional Funder
Subordinate Organization

Income Statement

Fiscal Year Start:
Jul 1
Revenues in 2024

$478,815,186

Program Services
98%
Other
1%
Investments
<1%
Contributions
<1%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$488,223,931

Salaries & Benefits
49%
Offices, Occupancy & IT
23%
Fees to Service Providers
12%
Other
8%
Depreciation
4%
Grants
3%
Interest
1%
Advertising & Promotion
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$1,191,991
$557,395
-53%
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$408,642,537
$467,204,529
+14%
Membership Dues
$0
$0
-
Investments
$7,272,407
$4,355,329
-40%
Other
$18,598,372
$6,697,933
-64%
Total Revenues
$435,705,307
$478,815,186
+10%
Expenses
2023
2024
Change
Grants
$15,136,676
$14,218,152
-6%
Benefits to Members
$0
$0
-
Salaries & Benefits
$227,230,854
$240,387,684
+6%
Fees to Service Providers
$38,996,467
$56,911,480
+46%
Advertising & Promotion
$1,458,037
$1,250,707
-14%
Offices, Occupancy & IT
$116,585,731
$111,345,549
-4%
Interest
$4,820,286
$6,171,370
+28%
Depreciation
$21,271,578
$20,787,054
-2%
Other
$30,535,800
$37,151,935
+22%
Total Expenses
$456,035,429
$488,223,931
+7%
Net income
2023
2024
Change
Net income
-$20,330,122
-$9,408,745
+54%
Functional Expenses
Summary
2023
2024
Change
Program
$374,886,144
$394,125,356
+5%
Admin
$81,149,285
$94,098,575
+16%
Fundraising
$0
$0
-
Total Expenses
$456,035,429
$488,223,931
+7%
Income Statement
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