Health Care
Mercy Hospital
IOWA CITY, IA
Total revenue
$19.7M
Total expenses
$124.6M
Net assets
—
Grants received
$5.0M
14 grants
EIN
420680391
Tax year
2023
Mission
To heal and comfort the sick and improve the health of the community in the spirit of Jesus Christ.
Programs
2 programs
Education. The ongoing education of Mercy staff is critical in the fast changing field of health care and is necessary to meet regulations and certifications. Mercy hosts a number of professional continuing education classes each year, which are attended by it's own staff and staff from other institutions. Mercy provides a setting for students who are considering a career in health care including a class to provide insight to possible careers and preparation for CNA exam.These educational activities were discontinued effective January 31, 2024, when Mercy Hospital ceased operations as a result of bankruptcy and the organization's assets being acquired by the University of Iowa.
Community Benefit. Mercy's largest community benefit is the unpaid cost of Medicaid ($6.8 million). This community benefit activity ceased effective January 31, 2024, when Mercy Hospital discontinued healthcare operations as a result of bankruptcy and the acquisition of its assets by the University of Iowa.
Financials
FY 2023
Revenue
Expenses
People
21 listed
Tom Clancy
CEO & Adminnistrator
$316K
40 hrs/wk
Kim Volk
VP - Nursing
$247K
40 hrs/wk
SR Linda Bechen
Board Member
—
1 hrs/wk
SR Rita Specht
Board Member (End 1/24)
—
1 hrs/wk
Steven Anderson
Board Member
—
1 hrs/wk
Mark Toney
Chief Restructuring Officer
—
40 hrs/wk
Jim Porter
Treasurer
—
41 hrs/wk
Lynn Whisler
Secretary
—
1 hrs/wk
Madeline Windauer
Vice Chair
—
1 hrs/wk
Dr Chris Scott
Board Member (End 1/24)
—
1 hrs/wk
Mary Westbrook
Board Member (End 1/24)
—
1 hrs/wk
Peter Gardner
Board Member (End 1/24)
—
1 hrs/wk
SR Helen Marie Burns
Board Member (End 1/24)
—
1 hrs/wk
Michael Hoffman
Physician
$573K
40 hrs/wk
Ali Mohammed
Physician
$483K
40 hrs/wk
Spas Kotev
Physician
$474K
40 hrs/wk
Katherine Ignacio
Physician
$464K
40 hrs/wk
Luke Brunkhorst
Physician
$457K
40 hrs/wk
Dawna Miller
Former Officer (End 7/22)
$122K
0Mike Trachta
Former Officer (End 03/23)
—
0Jeffrey Rooney
Former Officer (End 04/23)
—
0Independent contractors
Medefis Consolidated
Contract Nursing Labor
ToneyKorf Partners LLC
Management Services
McDermott Will and Emery LLC
Legal Services
Altera Digital Health Inc
Electronic Health Record
Revology
Revenue Cycle Oversight
Grants received
Showing 14 of 14
Funded by
$5.0M from 6 funders · 14 grants · 2017–2023
$4.8M · 6 grants · 2017–2022
$165K · 2 grants · 2017–2018
$40K · 2 grants · 2022–2023
$3K · 2 grants · 2020–2021
$2K · 1 grant · 2020
$256 · 1 grant · 2018