Mount Mercy University
EIN: 420681046 · Cedar Rapids, IA · NTEE: B420
| Metric | Value |
|---|---|
| Total Revenue | $75.0M |
| Total Expenses | $57.4M |
| Net Assets | $85.4M |
Is Mount Mercy University Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mount Mercy University
Mount Mercy University (EIN: 420681046) is a nonprofit organization based in Cedar Rapids, IA, classified under NTEE code B420. The organization reported total revenue of $75.0M and total assets of $100.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mount Mercy University's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mount Mercy University is a major nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $54.4M |
| Total Expenses | $57.4M |
| Surplus / Deficit | $-3,022,581 |
| Total Assets | $100.9M |
| Total Liabilities | $15.5M |
| Net Assets | $85.4M |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 15.4% |
| Months of Reserves | 21.1 months |
Financial Health Grade: B
In 2023, Mount Mercy University reported a deficit of $3.0M with expenses exceeding revenue, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 15.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Mount Mercy University's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.5% | -0.2% | -2.9% |
| 2022 | -0.5% | +8.3% | -3.8% |
| 2021 | +12.5% | +3.3% | +10.5% |
| 2020 | +4.1% | +3.1% | +2.0% |
| 2019 | -4.6% | +3.3% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1700 |
| IRS Ruling Date | 1946 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mount Mercy University has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mount Mercy University with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.4%.
Frequently Asked Questions about Mount Mercy University
Is Mount Mercy University a legitimate charity?
Based on AI analysis of IRS 990 filings, Mount Mercy University (EIN: 420681046) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mount Mercy University spend its money?
Detailed spending breakdown data is not yet available for Mount Mercy University. Check back for updated IRS 990 analysis.
Are donations to Mount Mercy University tax-deductible?
Mount Mercy University is registered as a tax-exempt nonprofit (EIN: 420681046). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mount Mercy University located?
Mount Mercy University is headquartered in Cedar Rapids, Iowa and files with the IRS under EIN 420681046. It is classified under NTEE code B420.
How many years of IRS 990 filings does Mount Mercy University have?
Mount Mercy University 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 $75.0M in total revenue.
Filing History
IRS 990 filing history for Mount Mercy University showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mount Mercy University's revenue has grown by 55.5%, moving from $35.0M to $54.4M. Total assets increased by 51.1% over the same period, from $66.8M to $100.9M. Total functional expenses rose by 70.4%, from $33.7M to $57.4M. In its most recent filing year (2023), Mount Mercy University reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $15.5M in liabilities against $100.9M in assets (debt-to-asset ratio: 15.4%), resulting in net assets of $85.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $54.4M | $57.4M | $100.9M | $15.5M | — | View 990 |
| 2022 | $59.4M | $57.5M | $103.9M | $17.5M | — | View 990 |
| 2021 | $59.7M | $53.1M | $108.0M | $20.1M | — | — |
| 2020 | $53.1M | $51.4M | $97.7M | $23.4M | — | View 990 |
| 2019 | $51.0M | $49.9M | $95.9M | $21.2M | — | View 990 |
| 2018 | $53.5M | $48.3M | $94.6M | $20.1M | — | View 990 |
| 2017 | $51.0M | $47.3M | $88.1M | $19.8M | — | View 990 |
| 2016 | $46.1M | $44.0M | $77.9M | $15.5M | — | View 990 |
| 2015 | $41.7M | $40.4M | $78.9M | $17.3M | — | View 990 |
| 2014 | $41.3M | $39.3M | $81.0M | $19.5M | — | View 990 |
| 2013 | $43.2M | $38.5M | $77.6M | $20.4M | — | View 990 |
| 2012 | $39.0M | $36.8M | $69.0M | $15.8M | — | View 990 |
| 2011 | $35.0M | $33.7M | $66.8M | $15.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $54.4M, expenses of $57.4M, and assets of $100.9M (revenue -8.5% year-over-year).
- 2022: Revenue of $59.4M, expenses of $57.5M, and assets of $103.9M (revenue -0.5% year-over-year).
- 2021: Revenue of $59.7M, expenses of $53.1M, and assets of $108.0M (revenue +12.5% year-over-year).
- 2020: Revenue of $53.1M, expenses of $51.4M, and assets of $97.7M (revenue +4.1% year-over-year).
- 2019: Revenue of $51.0M, expenses of $49.9M, and assets of $95.9M (revenue -4.6% year-over-year).
- 2018: Revenue of $53.5M, expenses of $48.3M, and assets of $94.6M (revenue +4.9% year-over-year).
- 2017: Revenue of $51.0M, expenses of $47.3M, and assets of $88.1M (revenue +10.6% year-over-year).
- 2016: Revenue of $46.1M, expenses of $44.0M, and assets of $77.9M (revenue +10.5% year-over-year).
- 2015: Revenue of $41.7M, expenses of $40.4M, and assets of $78.9M (revenue +1.0% year-over-year).
- 2014: Revenue of $41.3M, expenses of $39.3M, and assets of $81.0M (revenue -4.6% year-over-year).
- 2013: Revenue of $43.2M, expenses of $38.5M, and assets of $77.6M (revenue +11.0% year-over-year).
- 2012: Revenue of $39.0M, expenses of $36.8M, and assets of $69.0M (revenue +11.4% year-over-year).
- 2011: Revenue of $35.0M, expenses of $33.7M, and assets of $66.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mount Mercy University:
Data Sources and Methodology
This transparency report for Mount Mercy University 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.