Mercy Hospital
Mercy Hospital shows recent financial recovery and asset growth after periods of fluctuating profitability.
EIN: 10211534 · Portland, ME · NTEE: E220 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $329.2M |
| Total Expenses | $279.5M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $288M |
| Net Assets | $54.3M |
| Transparency Score | 80/100 |
Is Mercy Hospital Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mercy Hospital directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mercy Hospital
Mercy Hospital (EIN: 10211534) is a nonprofit organization based in Portland, ME, classified under NTEE code E220. The organization reported total revenue of $329.2M and total assets of $259.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercy Hospital's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mercy Hospital is a major nonprofit that has been operating for 79 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $288.6M |
| Total Expenses | $279.5M |
| Surplus / Deficit | +$9.0M |
| Total Assets | $237.7M |
| Total Liabilities | $183.4M |
| Net Assets | $54.3M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 77.1% |
| Months of Reserves | 10.2 months |
Financial Health Grade: A
In 2023, Mercy Hospital reported a surplus of $9.0M with revenue exceeding expenses, holds 10.2 months of operating reserves (strong position), has a debt-to-asset ratio of 77.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mercy Hospital's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +11.5% | +3.9% | +0.8% |
| 2022 | +2.2% | +10.8% | -4.2% |
| 2021 | +15.3% | +9.0% | +16.7% |
| 2020 | -7.1% | +0.1% | +36.3% |
| 2019 | -56.8% | -59.2% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1947 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mercy Hospital with a Mission Score of 80 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, Mercy Hospital 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9.0M, with revenue exceeding expenses.
- Debt-to-asset ratio: 77.1%.
Executive Compensation Analysis
The provided data consistently reports 0% officer compensation across all filings, which is unusual for an organization of this size ($288M revenue in 2023). This either indicates that executive compensation is reported elsewhere in the full 990 or is exceptionally low, suggesting a strong focus on mission over high executive salaries.
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 Mercy Hospital's IRS 990 filings:
- Significant revenue volatility between 2018 and 2019 without immediate explanation in summary data.
- Lack of detailed expense breakdown (program, admin, fundraising) in summary data makes efficiency assessment difficult.
- Consistent reporting of 0% officer compensation for a large organization may indicate incomplete summary data or complex reporting structures that obscure executive pay.
Strengths
The following positive indicators were identified for Mercy Hospital:
- Positive net income in recent years (2023: $9,035,616 surplus; 2021: $10,655,679 surplus) indicates financial recovery and operational efficiency.
- Consistent growth in assets, reaching $237,736,257 in 2023, strengthens long-term financial stability.
- The NTEE code E220 (General Hospitals) indicates a direct and impactful charitable mission.
- Strong asset-to-liability ratio ($237M assets vs. $183M liabilities in 2023) suggests good financial health.
Frequently Asked Questions about Mercy Hospital
Is Mercy Hospital a legitimate charity?
Based on AI analysis of IRS 990 filings, Mercy Hospital (EIN: 10211534) some concerns. Mission Score: 80/100. 3 red flags identified, 4 strengths noted.
How does Mercy Hospital spend its money?
Mercy Hospital directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mercy Hospital tax-deductible?
Mercy Hospital is registered as a tax-exempt nonprofit (EIN: 10211534). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mercy Hospital CEO make?
Mercy Hospital's highest-compensated officer earns $288M annually. The organization reported $329.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mercy Hospital's spending goes to programs?
Mercy Hospital directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mercy Hospital compare to similar nonprofits?
With a transparency score of 80/100 (Excellent), Mercy Hospital is above average for NTEE category E220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mercy Hospital located?
Mercy Hospital is headquartered in Portland, Maine and files with the IRS under EIN 10211534. It is classified under NTEE code E220.
How many years of IRS 990 filings does Mercy Hospital have?
Mercy Hospital has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $329.2M in total revenue.
Is Mercy Hospital a good charity?
Based on the available data, Mercy Hospital appears to be a financially stable organization with recent positive net income and growing assets. The consistent 0% officer compensation reported is a positive indicator of mission focus, though further detail on executive pay reporting would enhance transparency. Its primary function as a hospital (NTEE E220) inherently aligns with a charitable mission.
Why did Mercy Hospital's revenue significantly decrease between 2018 and 2019?
Revenue dropped from $547,038,002 in 2018 to $236,348,099 in 2019. This substantial decrease could be due to a change in reporting methodology, divestiture of certain operations, or a significant market shift. A deeper dive into the full 990s for those years would be necessary to understand the specific reasons.
How does Mercy Hospital manage its liabilities?
Mercy Hospital's liabilities have generally increased alongside assets, reaching $183,397,153 in 2023. While assets ($237,736,257) comfortably exceed liabilities, the trend of increasing liabilities warrants monitoring to ensure sustainable financial management.
Filing History
IRS 990 filing history for Mercy Hospital showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mercy Hospital's revenue has grown by 42%, moving from $203.2M to $288.6M. Total assets increased by 20.1% over the same period, from $198.0M to $237.7M. Total functional expenses rose by 27.5%, from $219.2M to $279.5M. In its most recent filing year (2023), Mercy Hospital reported a surplus of $9.0M, with revenue exceeding expenses. The organization holds $183.4M in liabilities against $237.7M in assets (debt-to-asset ratio: 77.1%), resulting in net assets of $54.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $288.6M | $279.5M | $237.7M | $183.4M | — | — |
| 2022 | $258.9M | $268.9M | $235.7M | $190.8M | — | — |
| 2021 | $253.3M | $242.6M | $246.1M | $189.7M | — | View 990 |
| 2020 | $219.7M | $222.5M | $210.9M | $165.1M | — | — |
| 2019 | $236.3M | $222.4M | $154.8M | $102.3M | — | View 990 |
| 2018 | $547.0M | $545.4M | $151.2M | $113.4M | — | View 990 |
| 2017 | $514.8M | $518.6M | $151.3M | $117.0M | — | View 990 |
| 2016 | $539.7M | $556.8M | $164.2M | $135.1M | — | View 990 |
| 2015 | $534.1M | $556.3M | $186.7M | $141.3M | — | View 990 |
| 2014 | $502.7M | $501.3M | $192.1M | $130.3M | — | View 990 |
| 2013 | $157.4M | $165.6M | $179.0M | $125.2M | — | View 990 |
| 2012 | $207.1M | $217.2M | $192.8M | $131.7M | — | View 990 |
| 2011 | $203.2M | $219.2M | $198.0M | $129.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $288.6M, expenses of $279.5M, and assets of $237.7M (revenue +11.5% year-over-year).
- 2022: Revenue of $258.9M, expenses of $268.9M, and assets of $235.7M (revenue +2.2% year-over-year).
- 2021: Revenue of $253.3M, expenses of $242.6M, and assets of $246.1M (revenue +15.3% year-over-year).
- 2020: Revenue of $219.7M, expenses of $222.5M, and assets of $210.9M (revenue -7.1% year-over-year).
- 2019: Revenue of $236.3M, expenses of $222.4M, and assets of $154.8M (revenue -56.8% year-over-year).
- 2018: Revenue of $547.0M, expenses of $545.4M, and assets of $151.2M (revenue +6.3% year-over-year).
- 2017: Revenue of $514.8M, expenses of $518.6M, and assets of $151.3M (revenue -4.6% year-over-year).
- 2016: Revenue of $539.7M, expenses of $556.8M, and assets of $164.2M (revenue +1.0% year-over-year).
- 2015: Revenue of $534.1M, expenses of $556.3M, and assets of $186.7M (revenue +6.2% year-over-year).
- 2014: Revenue of $502.7M, expenses of $501.3M, and assets of $192.1M (revenue +219.4% year-over-year).
- 2013: Revenue of $157.4M, expenses of $165.6M, and assets of $179.0M (revenue -24.0% year-over-year).
- 2012: Revenue of $207.1M, expenses of $217.2M, and assets of $192.8M (revenue +1.9% year-over-year).
- 2011: Revenue of $203.2M, expenses of $219.2M, and assets of $198.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mercy Hospital:
Data Sources and Methodology
This transparency report for Mercy Hospital 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.