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Nonprofit · EIN 42-0698295

MERCY MEDICAL CENTER

Tax-exempt · CEDAR RAPIDS, IA 52403

Financials

$435.7M$456M2022$478.8M$488.2M2023$524.5M$525.2M2024
Revenue Expenses · by fiscal year end
Financials of MERCY MEDICAL CENTER by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$524,502,517$525,155,162-$652,645$755,979,447$250,717,166$505,262,281
June 30, 2024990$478,815,186$488,223,931-$9,408,745$728,179,406$233,949,157$494,230,249
June 30, 2023990$435,705,307$456,035,429-$20,330,122$714,937,396$225,373,343$489,564,053
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$22,849,001
Program service revenue
$498,214,169
Investment income
$5,591,265
Net rental income
-$45,515
Net gain from sales of assets
-$648,351
Net income from sales of inventory
-$1,042,858
Other revenue
-$2,151,918

Expenses

Grants and similar amounts paid
$11,690,747
Compensation of officers, directors and key employees
$3,388,236
Other salaries and wages
$205,895,995
Salaries, compensation and benefits (total)
$248,947,176
Professional fundraising fees
$0
Legal fees
$530,719
Occupancy
$6,735,075
Travel
$270,230
Depreciation
$23,778,433
Program services (functional)
$422,925,576
Management and general (functional)
$102,229,586

Balance sheet and other

Total assets, start of year
$728,179,406
Total assets, end of year
$755,979,447
Total liabilities, end of year
$250,717,166
Net assets, end of year
$505,262,281
Land, buildings and equipment
$230,120,287
Publicly traded securities
$259,820,778
Net assets without donor restrictions
$423,902,171
Net assets with donor restrictions
$81,360,110
Gross unrelated business income
$1,665,018
Gross receipts
$603,893,867
Employees
3,288
Volunteers
636
Year formed
1900
State of legal domicile
IA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CHONG C LEE MDPHYSICIAN
Highest-paid employee
40$3,310,068$32,727
AMANDEEP DHALIWAL MDPHYSICIAN
Highest-paid employee
40$1,539,824$32,025
VINCENT REID MDPHYSICIAN
Highest-paid employee
40$1,333,962$41,566
RYAN HOLLENBECK MDMEMBER BOARD OF TRUSTEES
Trustee or director
40$1,276,754$40,376
BHAVYA AKHAURI MDPHYSICIAN
Highest-paid employee
40$1,268,922$35,981
SACHIN GOYALPHYSICIAN
Highest-paid employee
40$1,235,174$7,895
TIMOTHY QUINN MDPRESIDENT & CHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$728,839$89,248
TIMOTHY L CHARLESFORMER PRESIDENT & CHIEF EXECUTIVE OFFICER
Former
40$695,379$0
NATHAN VAN GENDERENEXECUTIVE VICE PRESIDENT & CFO
Officer
40$506,186$69,541
TONY MYERS MDCHIEF MEDICAL OFFICER
Key employee
40$450,576$50,638
GREG DEWOLFCHIEF OPERATIONS OFFICER
Key employee
40$370,686$58,283
NANCY HILLCHIEF TALENT OFFICER
Key employee
40$336,797$44,320
JEFFREY CASHCHIEF INFORMATION OFFICER
Key employee
40$325,376$53,785
MARY BROBSTFORMER CHIEF NURSING OFFICER
Key employee
40$280,806$0
JOHN-PAUL BESONGMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
20 more people on this return
NameTitleHours / weekCompensation
LYDIA BROWNFORMER MEMBER BOARD OF TRUSTEES
Trustee or director
1$0
MICHELE BUSSEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
BOB CATALDOMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
CHRIS DEWOLFMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
BARRIE ERNSTMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
NANCY KASPAREKMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
SISTER SHARON KERRIGANMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
BARB KNAPPMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
SISTER TERRY MALTBYFORMER MEMBER BOARD OF TRUSTEES
Trustee or director
1$0
CHERYLE MITVALSKYCHAIRMAN
Trustee or director, Officer
1$0
DARREL MORFVICE CHAIRMAN/TREASURER
Trustee or director, Officer
1$0
RUE PATELMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
FRED PILCHER MDMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
MARY QUASSMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
JOHN RIFEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
CHARLES ROHDEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
AL RUFFALOMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
KYLE SKOGMANMEMBER BOARD OF TRUSTEES
Trustee or director
1$0
SISTER MAURITA SOUKUPSECRETARY
Trustee or director, Officer
1$0
ANN STROH MDFORMER MEMBER BOARD OF TRUSTEES
Trustee or director
1$0
990 for the year ended June 30, 2024: 36 people
NameTitleHours / weekCompensationOther / benefits
CHONG C LEE MDPHYSICIAN
Highest-paid employee
40$1,987,567$32,695
SHANE A GAILUSHAS MDPHYSICIAN
Highest-paid employee
40$1,370,136$40,232
AMANDEEP DHALIWAL MDPHYSICIAN
Highest-paid employee
40$1,315,465$29,443
SACHIN GOYAL MDPHYSICIAN
Highest-paid employee
40$1,332,795$7,689
BARAKAT ABURAJAB ALTAMIMI MDPHYSICIAN
Highest-paid employee
40$1,276,722$35,382
TIMOTHY QUINN MDPRESIDENT & CHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$709,298$85,903
TIMOTHY L CHARLESFORMER PRESIDENT & CHIEF EXECUTIVE OFFICER
Former
40$737,385$427
NATHAN VAN GENDERENEXECUTIVE VICE PRESIDENT & CFO/COO
Officer
40$491,544$66,834
TONY MYERS MDCHIEF MEDICAL OFFICER
Key employee
40$429,220$66,068
JEFFREY CASHCHIEF INFORMATION OFFICER
Key employee
40$340,132$52,032
NANCY HILLCHIEF TALENT OFFICER
Key employee
40$325,587$41,557
MARY BROBSTFORMER CHIEF NURSING OFFICER
Key employee
40$322,299$20,123
JOHN-PAUL BESONGMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
LYDIA BROWNMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
MICHELE BUSSEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
BOB CATALDOMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
CHRIS DEWOLFMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
BARRIE ERNSTMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
TONY GOLOBICMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER LUANN HANNASCHMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
NANCY KASPAREKMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER SHARON KERRIGANMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
BARB KNAPPMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER TERRY MALTBYMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
CHERYLE MITVALSKYCHAIRMAN
Trustee or director, Officer
1$0$0
DARREL MORFVICE CHAIRMAN/TREASURER
Trustee or director, Officer
1$0$0
RUE PATELMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
FRED PILCHER MDMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
MARY QUASSMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
JOHN RIFEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
CHARLES ROHDEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
AL RUFFALOMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
KYLE SKOGMANMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
JOHN SMITHMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER MAURITA SOUKUPSECRETARY
Trustee or director, Officer
1$0$0
ANN STROHMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
990 for the year ended June 30, 2023: 37 people
NameTitleHours / weekCompensationOther / benefits
CHONG C LEE MDPHYSICIAN
Highest-paid employee
40$1,706,403$36,757
AMANDEEP DHALIWAL MDPHYSICIAN
Highest-paid employee
40$1,306,571$22,926
RYAN D HOLLENBECK MDPHYSICIAN
Highest-paid employee
40$1,194,761$36,123
UJJWAL KUMAR MDPHYSICIAN
Highest-paid employee
40$1,206,044$21,634
SACHIN GOYAL MDPHYSICIAN
Highest-paid employee
40$1,211,187$14,326
TIMOTHY L CHARLESFORMER PRESIDENT & CHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$910,163$81,633
TIMOTHY QUINN MDPRESIDENT & CHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$718,980$72,934
NATHAN VAN GENDERENEXECUTIVE VICE PRESIDENT & CFO/COO
Officer
40$474,578$65,896
JEFFREY CASHCHIEF INFORMATION OFFICER
Key employee
40$431,218$53,169
TONY MYERS MDCHIEF MEDICAL OFFICER
Key employee
40$386,257$34,007
MARY BROBSTCHIEF NURSING OFFICER
Key employee
40$364,872$53,117
NANCY HILL-DAVISCHIEF TALENT OFFICER
Key employee
40$352,203$37,951
JOHN-PAUL BESONGMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
LYDIA BROWNMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
MICHELE BUSSEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
BOB CATALDOMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
CHRIS DEWOLFMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
BARRIE ERNSTMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
TONY GOLOBICMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER LUANN HANNASCHMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
NANCY KASPAREKMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER SHARON KERRIGANMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
BARB KNAPPMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER TERRY MALTBYMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
CHERYLE MITVALSKYCHAIRMAN
Trustee or director, Officer
1$0$0
DARREL MORFVICE CHAIRMAN/TREASURER
Trustee or director, Officer
1$0$0
RUE PATELMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
FRED PILCHER MDMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
MARY QUASSMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
JOHN RIFEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
CHARLES ROHDEMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
AL RUFFALOMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
KYLE SKOGMANMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
JOHN SMITHMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
MATT SMITHFORMER MEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0
SISTER MAURITA SOUKUPSECRETARY
Trustee or director, Officer
1$0$0
ANN STROHMEMBER BOARD OF TRUSTEES
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
701 10TH ST SE, CEDAR RAPIDS, IA 52403-1251
Principal officer (990 for 2024)
JOE MALAS, 701 10TH ST SE, CEDAR RAPIDS, IA 52403
Signed the 990
JOE MALAS, EXECUTIVE VP/CFO
Phone
(319) 398-6105
Return prepared by
RSM US LLP

Mission

TO CARE FOR THE SICK AND ENHANCE THE HEALTH OF THE COMMUNITIES WE SERVE, GUIDED BY THE SPIRIT OF THE SISTERS OF MERCY.

990 for the year ended June 30, 2025

Program accomplishments

  • MERCY MEDICAL CENTER (HOSPITAL) PROVIDES MEDICAL HEALTH CARE, INCLUDING 24 HOURS A DAY, SEVEN DAYS A WEEK TRAUMA CENTER SERVICE, TO ALL PATIENTS ACCESSING THE SYSTEM, REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, AGE OR ABILITY TO PAY. A PATIENT IS CLASSIFIED AS A CHARITY PATIENT BY REFERENCE TO CERTAIN ESTABILISHED POLICIES OF THE HOSPITAL. ESSENTIALLY, THESE POLICIES DEFINE CHARITY SERVICES AS THOSE SERVICES FOR WHICH NO OR NOMINAL PAYMENT IS ANTICIPATED. ADDITIONALLY, EACH HOSPITAL DEPARTMENT ACCEPTS ALL PATIENTS WHO ARE COVERED BY GOVERNMENTAL INDIGENT PROGRAMS. SUCH INDIGENT PROGRAMS TYPICALLY REMIT AMOUNTS SUBSTANTIALLY LESS THAN CHARGES. THE FOLLOWING SUMMARIZES THE HOSPITAL'S CARE OF THE UNINSURED AND UNDERINSURED. COSTS IN EXCESS OF MEDICARE REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICARE) - $53,450,000; OTHER COMMUNITY BENEFITS (INCLUDES SUBSIDIZED HEALTH SERVICES, FINANCIAL CONTRIBUTIONS) - $2,571,000; FREE SERVICE (TO PATIENTS WHO MEET MERCY'S FREE-SERVICE GUIDELINES) - $5,240,000; COSTS IN EXCESS OF MEDICAID REIMBURSEMENT (COSTS OF PROVIDING THE SERVICES LESS THE AMOUNTS RECEIVED FROM MEDICAID) - $12,900,000, PHYSICIAN EDUCATION - $(692,000). IN ADDITION, CHARITY CARE AND COMMUNITY SERVICE ARE PROVIDED THROUGH MANY REDUCED-PRICE SERVICES AND FREE PROGRAMS OFFERED THROUGHOUT THE YEAR. THESE PROGRAMS PROVIDE A BONA FIDE COMMUNITY HEALTH NEED, INCLUDING: A. PUBLIC AND PROFESSIONAL EDUCATIONAL SEMINAR ARE OFFERED ON A VARIETY OF TOPICS INCLUDING JOINT REPLACEMENT SURGERY, PRENATAL EDUCATION, DIABETES, MENTAL HEALTH DISORDERS, AND NUMEROUS OTHER MEDICAL CONDITIONS OF MEDICAL AND PSYCHOSOCIAL NATURE. SPECIALIZED CANCER SEMINARS ARE ALSO OFFERED. B. HOSPITAL MEETING FACILITIES WHICH ARE FREQUENTLY USED WITHOUT CHARGE BY SUCH GROUPS AS THE AMERICAN HEART ASSOCIATION, IOWA BREAST CANCER FOUNDATION, HEALTHY LINN NETWORK ADVISORY COMMITTEE, OVEREATERS ANONYMOUS, CATHOLIC LAYMEN, UNITED WAY, CATHERINE MCAULEY CENTER FOR WOMEN, THE AMERICAN CANCER SOCIETY. M.S. SUPPORT GROUP, EASTERN IOWA ONCOLOGY NURSES SOCIETY, THE IOWA CANCER CONSORTIUM, THE PARENT EDUCATION CONSORTIUM, ARC OF EAST CENTRAL IOWA, AND SEVERAL OTHER GROUPS. C. CONTRIBUTIONS OF APPROXIMATELY 95,652 HOURS TOWARD THE COMMON PURPOSE OF SERVING THE HEALTH CARE OF THE COMMUNITY. THE VALUE OF THESE CONTRIBUTIONS WAS APPROXIMATELY $1,507,000 AND WAS GIVEN BACK TO THE COMMUNITY THROUGH LOWER COSTS.
    Expenses $422,925,576 · grants $11,690,747 · revenue $495,485,606

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
42-0698295
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Hospital or medical research organization
Exempt since
1946
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E220)
Assets (IRS master file)
$755,979,447
Income (IRS master file)
$603,893,867

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$524,502,517$525,155,162$755,979,447IRS
990-TJune 2025–––IRS
990June 2024$478,815,186$488,223,931$728,179,406IRS
990-TJune 2024–––IRS
990June 2023$435,705,307$456,035,429$714,937,396XML
990-TJune 2023–––IRS
990June 2022$418,379,415$412,756,686$716,000,674IRS
990-TJune 2022–––IRS
990June 2021–––IRS
990-TJune 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 42-0698295).

Questions about MERCY MEDICAL CENTER

What is the EIN of MERCY MEDICAL CENTER?
The employer identification number (EIN) of MERCY MEDICAL CENTER is 42-0698295.
Is MERCY MEDICAL CENTER tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does MERCY MEDICAL CENTER file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MERCY MEDICAL CENTER due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MERCY MEDICAL CENTER last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of MERCY MEDICAL CENTER?
The 990 for the year ended June 30, 2025 names JOE MALAS.
Who are the officers and directors of MERCY MEDICAL CENTER?
The 990 for the year ended June 30, 2025 lists 35 people; 14 received compensation from the organization, the highest $3,310,068 (CHONG C LEE MD, PHYSICIAN).
How much revenue does MERCY MEDICAL CENTER have?
On its 990 for the year ended June 30, 2025 it reported revenue of $524,502,517, expenses of $525,155,162 and total assets of $755,979,447 at year end.

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