Mercy Medical Center Sioux City Foundation
Mercy Medical Center Sioux City Foundation experiences fluctuating revenues and significant deficits in multiple years, with no reported officer compensation.
EIN: 141880022 · Sioux City, IA · NTEE: E12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| Net Assets | $3.8M |
| Transparency Score | 75/100 |
Is Mercy Medical Center Sioux City Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mercy Medical Center Sioux City Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mercy Medical Center Sioux City Foundation
Mercy Medical Center Sioux City Foundation (EIN: 141880022) is a nonprofit organization based in Sioux City, IA, classified under NTEE code E12. The organization reported total revenue of $1.2M and total assets of $4.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mercy Medical Center Sioux City Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mercy Medical Center Sioux City Foundation is a mid-size nonprofit that has been operating for 23 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-987,190 |
| Total Assets | $3.9M |
| Total Liabilities | $108K |
| Net Assets | $3.8M |
| Operating Margin | -79.0% |
| Debt-to-Asset Ratio | 2.7% |
| Months of Reserves | 21.1 months |
Financial Health Grade: B
In 2023, Mercy Medical Center Sioux City Foundation reported a deficit of $987K with expenses exceeding revenue, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mercy Medical Center Sioux City Foundation's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.4% | +261.3% | -17.3% |
| 2022 | -19.1% | -9.6% | -5.4% |
| 2021 | -13.2% | +0.7% | +20.3% |
| 2020 | +15.0% | -31.0% | +17.0% |
| 2019 | -19.8% | -64.8% | +5.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Medical Center Sioux City Foundation with a Mission Score of 75 out of 100 (Good). 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: 80%
- fundraising: 10%
According to IRS 990 filings, Mercy Medical Center Sioux City Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 deficit of $987K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.7%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no direct compensation is paid to officers from the foundation's funds, which is a strong positive for financial efficiency and transparency.
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 Medical Center Sioux City Foundation's IRS 990 filings:
- Significant and recurring operational deficits (e.g., 2023: $1.2M deficit, 2018: $1.4M deficit, 2017: $0.9M deficit, 2015: $0.9M deficit).
- Fluctuating revenue streams, making long-term financial planning potentially challenging.
Strengths
The following positive indicators were identified for Mercy Medical Center Sioux City Foundation:
- Consistent reporting of 0% officer compensation, indicating high transparency and potentially efficient use of funds for leadership.
- Maintained substantial asset base (over $3.3M) despite operational deficits, suggesting financial resilience.
- Long filing history (13 filings) demonstrates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Mercy Medical Center Sioux City Foundation
Is Mercy Medical Center Sioux City Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mercy Medical Center Sioux City Foundation (EIN: 141880022) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Mercy Medical Center Sioux City Foundation spend its money?
Mercy Medical Center Sioux City Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mercy Medical Center Sioux City Foundation tax-deductible?
Mercy Medical Center Sioux City Foundation is registered as a tax-exempt nonprofit (EIN: 141880022). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mercy Medical Center Sioux City Foundation's spending goes to programs?
Mercy Medical Center Sioux City Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mercy Medical Center Sioux City Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mercy Medical Center Sioux City Foundation is above average for NTEE category E12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mercy Medical Center Sioux City Foundation located?
Mercy Medical Center Sioux City Foundation is headquartered in Sioux City, Iowa and files with the IRS under EIN 141880022. It is classified under NTEE code E12.
How many years of IRS 990 filings does Mercy Medical Center Sioux City Foundation have?
Mercy Medical Center Sioux City Foundation 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 $1.2M in total revenue.
Why did expenses significantly exceed revenue in 2023, 2018, 2017, and 2015?
In 2023, expenses were $2,236,850 against revenues of $1,249,660. Similar patterns occurred in 2018 ($2,797,490 expenses vs. $1,381,917 revenue), 2017 ($2,769,167 expenses vs. $1,889,584 revenue), and 2015 ($2,378,897 expenses vs. $1,402,859 revenue). This could indicate significant program investments, capital expenditures, or investment losses that are not immediately clear from the summary data.
What is the primary source of the foundation's revenue?
While specific revenue sources are not detailed in the provided summary, the NTEE code E12 (General Hospitals) suggests that revenue likely comes from donations, grants, and fundraising activities supporting Mercy Medical Center Sioux City.
How does the foundation manage its assets given the fluctuating financial performance?
Despite periods of significant deficits, the foundation has maintained assets above $3.3 million, reaching $4,401,209 in the latest available data. This suggests a robust asset management strategy or significant endowment, allowing it to absorb operational deficits without severe long-term impact on its overall financial stability.
Filing History
IRS 990 filing history for Mercy Medical Center Sioux City Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mercy Medical Center Sioux City Foundation's revenue has declined by 10.2%, moving from $1.4M to $1.2M. Total assets decreased by 36.7% over the same period, from $6.2M to $3.9M. Total functional expenses rose by 70.5%, from $1.3M to $2.2M. In its most recent filing year (2023), Mercy Medical Center Sioux City Foundation reported a deficit of $987K, with expenses exceeding revenue. The organization holds $108K in liabilities against $3.9M in assets (debt-to-asset ratio: 2.7%), resulting in net assets of $3.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $2.2M | $3.9M | $108K | — | — |
| 2022 | $896K | $619K | $4.8M | $115K | — | View 990 |
| 2021 | $1.1M | $685K | $5.0M | $120K | — | — |
| 2020 | $1.3M | $680K | $4.2M | $180K | — | — |
| 2019 | $1.1M | $986K | $3.6M | $129K | — | View 990 |
| 2018 | $1.4M | $2.8M | $3.4M | $148K | — | View 990 |
| 2017 | $1.9M | $2.8M | $4.7M | $171K | — | View 990 |
| 2016 | $1.8M | $943K | $5.1M | $156K | — | View 990 |
| 2015 | $1.4M | $2.4M | $4.4M | $181K | — | View 990 |
| 2014 | $1.1M | $1.1M | $5.5M | $171K | — | View 990 |
| 2013 | $1.4M | $1.1M | $5.0M | $263K | — | View 990 |
| 2012 | $1.8M | $2.1M | $5.6M | $294K | — | View 990 |
| 2011 | $1.4M | $1.3M | $6.2M | $297K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $2.2M, and assets of $3.9M (revenue +39.4% year-over-year).
- 2022: Revenue of $896K, expenses of $619K, and assets of $4.8M (revenue -19.1% year-over-year).
- 2021: Revenue of $1.1M, expenses of $685K, and assets of $5.0M (revenue -13.2% year-over-year).
- 2020: Revenue of $1.3M, expenses of $680K, and assets of $4.2M (revenue +15.0% year-over-year).
- 2019: Revenue of $1.1M, expenses of $986K, and assets of $3.6M (revenue -19.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $2.8M, and assets of $3.4M (revenue -26.9% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.8M, and assets of $4.7M (revenue +7.7% year-over-year).
- 2016: Revenue of $1.8M, expenses of $943K, and assets of $5.1M (revenue +25.0% year-over-year).
- 2015: Revenue of $1.4M, expenses of $2.4M, and assets of $4.4M (revenue +25.8% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.1M, and assets of $5.5M (revenue -20.2% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.1M, and assets of $5.0M (revenue -22.6% year-over-year).
- 2012: Revenue of $1.8M, expenses of $2.1M, and assets of $5.6M (revenue +29.7% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mercy Medical Center Sioux City Foundation:
Data Sources and Methodology
This transparency report for Mercy Medical Center Sioux City 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.