Mercy Research

Springfield, MO · Religious organization · Since 2007

✓ Tax-deductible
Revenue
$4.7M
+1% vs prior year
Spent
$8.8M
To programs
77%
Net assets
$797K
By yearFY2020–FY2024
Revenue
$4.7M
FY2024▲ +1%
Revenue by fiscal year
FY2020$4.2M
FY2021$4.2M
FY2022$4.1M
FY2023$3.5M
FY2024$4.6M
FY2024$4.7M
Expenses
$8.8M
FY2024-0.04%
Expenses by fiscal year
FY2020$9.0M
FY2021$8.6M
FY2022$8.3M
FY2023$7.6M
FY2024$8.8M
FY2024$8.8M
Net assets
$797K
FY2024▲ +154%
Net assets by fiscal year
FY2020$1.0M
FY2021$29K
FY2022$319K
FY2023$431K
FY2024$314K
FY2024$797K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMercy Research
EINHdr · item D87-0796305
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 1946
Year of formationHdr · item L2007
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CSpringfield, MO
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.mercy.net

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.77 Management & general $0.23
Program services77%$6.8M
Management & general23%$2.0M
Total functional expensesLn 25$8.8M

Financial health

Is it on solid ground?

Program efficiency
77%
of spending reaches programs▲ +4% vs prior filing year
Surplus margin
-88%
revenue over expenses, this year▲ +3% vs prior filing year
Revenue trend
+2%
avg. annual growth over 5 years▼ -9% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total assets
$1.0M
FY2024▲ +56%
Total assets by fiscal year
FY2020$1.9M
FY2021$880K
FY2022$870K
FY2023$880K
FY2024$659K
FY2024$1.0M
Total liabilities
$234K
FY2024▼ -32%
Total liabilities by fiscal year
FY2020$842K
FY2021$852K
FY2022$552K
FY2023$449K
FY2024$345K
FY2024$234K
Revenue less expensesPt I · Ln 19−$4.1M
Total assetsPt X · Ln 16$1.0M
Program-expense ratioPt IX · col B77%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 4pending

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$1.0M
Total liabilitiesLn 26$234K
Total net assetsLn 32$797K

Statement of Revenue

Part VIII
Program service revenue$3.7M · 78%
Contributions & grants$1.0M · 22%
Program service revenue78%$3.7M
Contributions & grants22%$1.0M
— government grantsLn 1e$280K
Total revenueLn 12$4.7M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $8.8M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $6.8M · Total expenses $8.8M
77%
Management & General
Management & general $2.0M · Total expenses $8.8M
23%
Fundraising
Fundraising $0 · Total expenses $8.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $865K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.0M · Total revenue $4.7M
22%
Government reliance
Government grants $280K · Total revenue $4.7M
6%
Earned-income share
Program service revenue $3.7M · Total revenue $4.7M
78%
Investment reliance
Investment income $0 · Total revenue $4.7M
0%
Program self-sufficiency
Program service revenue $3.7M · Total expenses $8.8M
42%
Growth & trend
Revenue growth (YoY)
This year $4.7M · Prior year $4.6M
+1%
Revenue CAGR
FY2019 $4.2M · FY2024 $4.7M
+2%
Net-asset trend (YoY)
End of year $797K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $4.7M · Expenses $8.8M
-88%
Liabilities-to-Assets
Total liabilities — · Total assets $1.0M
—
Net-asset ratio
Net assets $797K · Total assets $1.0M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Broyles MD Damon · Reported title VP, CLINICAL INNOVATION & PRESIDENT · Highest reported compensation $0 · Total expenses $8.8M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.3M · Total expenses $8.8M
83%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 77%——
Overhead ratio 23%——
Revenue growth 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
VP, Clinical Innovation & President
$0Pt VII · Sec A
Clinical Chair, Mercy Research
$0Pt VII · Sec A
VP, Accounting & Reporting & Treasurer
$0Pt VII · Sec A
SVP, Deputy General Counsel & Secretary (thru 12/2
$0Pt VII · Sec A
VP, Assistant General Counsel & Secretary (startin
$0Pt VII · Sec A
Physician & Board Member
$0Pt VII · Sec A
Physician & Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Mercy Research executive salaries →

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Governance & Policies

Part VI
  • 16Voting board membersPt VI · Ln 1a
  • –Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Conducts medical research, clinical trials, and product development to advance patient care, improve health outcomes, and prevent disease.

Provided by the organization

This section is blank until Mercy Research claims this page.

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Mission & Programs · Part III

Where the work happens

1 program service account for $6.8M of program spending, described in the organization's own filed words · FY2024.
01

Mercy research comprises the research activities that occur throughout mercy health. Mercy research is organized for the promotion of medical research that improves health and prevents disease.

$6.8Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$316K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $4.6M$8.8M+31% 990 PDF
FY2023 $3.5M$7.6M-14% 990 PDF
FY2022 $4.1M$8.3M-2% 990 PDF
FY2021 $4.2M$8.6M-0.2% 990 PDF
FY2020 $4.2M$9.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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