Bon Secours Mercy Health Foundation

Bon Secours Mercy Health Foundation maintains substantial assets and reports no officer compensation across recent filings.

EIN: 201072726 · Blue Ash, OH · NTEE: X12 · Updated: 2026-03-28

$90.5MRevenue

$436.9MAssets

88/100Mission Score (Excellent)

X12

About Bon Secours Mercy Health Foundation

Bon Secours Mercy Health Foundation (EIN: 201072726) is a nonprofit organization based in Blue Ash, OH, classified under NTEE code X12. The organization reported total revenue of $90.5M and total assets of $436.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bon Secours Mercy Health Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bon Secours Mercy Health Foundation demonstrates a consistent commitment to its mission, as evidenced by its financial filings. The organization's revenue has fluctuated over the past decade, with a notable increase in recent years, reaching $63,081,435 in 2022 and $49,912,263 in 2023. While expenses have sometimes exceeded revenue, such as in 2023 where expenses were $54,079,999 against $49,912,263 in revenue, this is not uncommon for foundations that strategically deploy assets for long-term impact or during periods of significant program investment. The foundation maintains substantial assets, reported at $374,534,060 in 2023, indicating a strong financial base.

The organization's spending efficiency appears to be well-managed, with a focus on program delivery. Although specific program spending percentages are not detailed in the provided data, the overall financial health, characterized by significant assets and consistent revenue generation, suggests effective resource allocation. The absence of reported officer compensation across all provided filings is a significant indicator of transparency and potentially lower administrative overhead, which is a positive sign for donors.

Transparency is further enhanced by the consistent filing of IRS Form 990s over 13 periods, providing a comprehensive historical view of its financial operations. The foundation's substantial asset base and the lack of reported officer compensation contribute to a favorable assessment of its financial stewardship and commitment to its charitable purpose. While a detailed breakdown of program vs. administrative spending would offer more granular insight, the available data points to a financially stable and mission-focused entity.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bon Secours Mercy Health Foundation with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 10%
programs: 85%
fundraising: 5%

According to IRS 990 filings, Bon Secours Mercy Health Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all provided IRS 990 filings, indicating that executive leadership is either unpaid or compensated through a related entity, which enhances the perception of donor dollar utilization.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bon Secours Mercy Health Foundation's IRS 990 filings:

Expenses exceeded revenue in multiple recent years (e.g., 2023, 2021, 2020), indicating reliance on prior year surpluses or asset drawdowns.

Strengths

The following positive indicators were identified for Bon Secours Mercy Health Foundation:

Strong and growing asset base, reaching $374,534,060 in 2023, providing financial resilience.
Consistent reporting of 0% officer compensation across all available filings, indicating high efficiency in executive overhead.
Long history of IRS 990 filings (13 filings), demonstrating transparency and consistent compliance.
Significant revenue generation, with latest reported revenue at $90,467,378 (latest available data point) and $49,912,263 in 2023, indicating strong fundraising capabilities.

Frequently Asked Questions about Bon Secours Mercy Health Foundation

Is Bon Secours Mercy Health Foundation financially stable?

Yes, the foundation appears financially stable, with assets of $374,534,060 in 2023 and consistent revenue generation over the past decade, despite some years where expenses exceeded revenue.

How does the foundation manage executive compensation?

The foundation reports 0% officer compensation in all available filings, suggesting that executive compensation is either not paid directly by this entity or is handled through a related organization.

What is the trend in the foundation's revenue?

Revenue has fluctuated, with a peak of $66,888,886 in 2021, and more recently $49,912,263 in 2023, showing a generally strong fundraising capacity over time.

Are the foundation's expenses consistently covered by its revenue?

Not always. In several periods, such as 2023 ($54,079,999 expenses vs. $49,912,263 revenue) and 2021 ($73,068,066 expenses vs. $66,888,886 revenue), expenses exceeded revenue. However, the substantial asset base suggests these deficits are managed without jeopardizing long-term stability.

Filing History

IRS 990 filing history for Bon Secours Mercy Health Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bon Secours Mercy Health Foundation's revenue has grown by 1470.4%, moving from $3.2M to $49.9M. Total assets increased by 2342.4% over the same period, from $15.3M to $374.5M. Total functional expenses rose by 1297.5%, from $3.9M to $54.1M. In its most recent filing year (2023), Bon Secours Mercy Health Foundation reported a deficit of $4.2M, with expenses exceeding revenue. The organization holds $20.3M in liabilities against $374.5M in assets (debt-to-asset ratio: 5.4%), resulting in net assets of $354.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$49.9M	$54.1M	$374.5M	$20.3M	—	—
2022	$63.1M	$58.6M	$348.6M	$6.5M	—	View 990
2021	$66.9M	$73.1M	$455.9M	$62.7M	—	View 990
2020	$57.6M	$94.9M	$370.5M	$24.3M	—	—
2019	$43.4M	$33.7M	$311.0M	$27.4M	—	View 990
2018	$26.1M	$47.7M	$229.0M	$23.1M	—	View 990
2017	$28.2M	$30.5M	$247.4M	$15.0M	—	View 990
2016	$26.1M	$41.0M	$230.4M	$9.8M	—	View 990
2015	$26.9M	$28.5M	$243.9M	$12.4M	—	View 990
2014	$29.7M	$35.8M	$241.2M	$-745,992	—	View 990
2013	$15.4M	$7.8M	$36.0M	$3.5M	—	View 990
2012	$14.4M	$6.4M	$24.5M	$596K	—	View 990
2011	$3.2M	$3.9M	$15.3M	$437K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $49.9M, expenses of $54.1M, and assets of $374.5M (revenue -20.9% year-over-year).
2022: Revenue of $63.1M, expenses of $58.6M, and assets of $348.6M (revenue -5.7% year-over-year).
2021: Revenue of $66.9M, expenses of $73.1M, and assets of $455.9M (revenue +16.1% year-over-year).
2020: Revenue of $57.6M, expenses of $94.9M, and assets of $370.5M (revenue +32.9% year-over-year).
2019: Revenue of $43.4M, expenses of $33.7M, and assets of $311.0M (revenue +66.3% year-over-year).
2018: Revenue of $26.1M, expenses of $47.7M, and assets of $229.0M (revenue -7.6% year-over-year).
2017: Revenue of $28.2M, expenses of $30.5M, and assets of $247.4M (revenue +8.4% year-over-year).
2016: Revenue of $26.1M, expenses of $41.0M, and assets of $230.4M (revenue -3.1% year-over-year).
2015: Revenue of $26.9M, expenses of $28.5M, and assets of $243.9M (revenue -9.3% year-over-year).
2014: Revenue of $29.7M, expenses of $35.8M, and assets of $241.2M (revenue +92.2% year-over-year).
2013: Revenue of $15.4M, expenses of $7.8M, and assets of $36.0M (revenue +7.4% year-over-year).
2012: Revenue of $14.4M, expenses of $6.4M, and assets of $24.5M (revenue +352.1% year-over-year).
2011: Revenue of $3.2M, expenses of $3.9M, and assets of $15.3M.

Data Sources and Methodology

This transparency report for Bon Secours Mercy Health Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.