Financial Strength

Mercy has maintained a strong financial position, despite the struggling economy and our local economy’s continued flood recovery, with an  A2 rating from Moody’s and an A+ rating from Standard & Poors.

Thanks to prudent fiscal management and the generosity of Mercy supporters, we are poised to continue to strengthen our position as a world-class healthcare facility.

We particularly appreciate our supporters as we build the Hall-Perrine Cancer Center to provide top-quality cancer care close to home.

 

Financials

Medical Overview

Medical Overview | {link:http://www.mercyannualreport.com/files/Medical+Overview+Graph}Download .csv{/link}

Operational Expenditures

Operational Expenditures | {link:http://www.mercyannualreport.com/files/Operational+Expenditures+Graph}Download .csv{/link}

Community Expenditures

Community Expenditures | {link:http://www.mercyannualreport.com/files/Community+Expenditures+Graph}Download .csv{/link}

Gifts to Mercy in 2011

Gifts to Mercy in 2011 | {link:http://www.mercyannualreport.com/files/Gifts+to+Mercy+Graph}Download .csv{/link}

Foundation

FoundationMercy Foundation helps boost Mercy’s financial stability continuously through innovative projects and services. The Mercy Foundation was able to gift $2,746,370 to Mercy to support a wide range of hospital initiatives and needs. A look at the following list illustrates some of the many ways your gifts touch so many in our care.

  • Sister Mary Lawrence Community Center renovations
  • Hospice of Mercy Medical Center
  • Hospice House Patient Care and Services
  • Katz Trauma Room
  • Lipsky Lecture Series
  • Especially For You Race
  • HOPE Program
  • Thrive Program
  • Scholarships and Continuing Education
  • Cardiac Research
  • Hallmar Renovations
  • EnCor Breast Biopsy System
  • Neurosciences

In November, Mercy opened the display of 24 stained glass windows, formerly in our former chapel, in Lundy Pavilion. Thanks to the Mercy Foundation, they were restored to their original state through a yearlong celebration of the life of Sister Mary Lawrence Hallagan, one of the most well-known and influential Sisters of Mercy to have lived and worked in Cedar Rapids. The yearlong celebration was in honor of would have been her 100th birthday. She also was the founder of the Mercy Foundation.

Read more about A Light Within

Founders’ Society

The Founders’ Society acknowledges those who have included Mercy in their estate plans (will, life insurance, gift annuity, IRA, charitable trust), created an endowed fund at the Mercy Foundation, or contributed a total of $50,000 or more in lifetime gifts to Mercy.

This year 22 individuals and organizations became members of the Founders’ Society, showing their support for the highest standards of healthcare in our community. Their gifts ensure excellent future patient care services and we thank them.

We are grateful for their extraordinary support.

Community Center

The Sister Mary Lawrence Hallagan Community Center provides office and work space for nonprofit organizations, sharing our vision to enhance the health and well-being of the community. It is named in honor of the former Sr. Mary Lawrence Hallagan, as a part of the yearlong tribute during the year she would have celebrated her 100th birthday.

Mercy’s Foundation and Auxiliary supported this center and the Foundation received a $600,000 grant from The Hall-Perrine Foundation for the center.

Auxiliary

The exceptional dedication of Mercy’s Auxiliary shows in the success of the Gift Shop, Uncommon Grounds coffee shop, sales of books and jewelry, the Christmas boutique and luncheons.

This year, the Auxiliary outdid itself: members pledged to raise $100,000 each year for two years to support the Sister Mary Lawrence Center. They raised the $200,000 in one year!

The Auxiliary is an integral part of Mercy and aligned with the Mercy Foundation. Through their dedication of time and talent, Auxiliary members work toward a common goal: to support Mercy and participate in delivering The Mercy Touch®.

Thank-you to all Auxiliary members for the difference you make at Mercy!

Interested in knowing more about the Auxiliary and how you can become a member? Contact the Auxiliary Office at (319) 398-6286.

Volunteers

This year we celebrated a substantial 26% increase in volunteers! Our 700 volunteers do everything from deliver newspapers to patient rooms to helping visitors find their ways at the hospital. Total volunteer hours were 109,308, with an estimated monetary value of $2,334,818.80.

Thank you to our volunteers!

Geo HunterMeet Geo

Geo Hunter’s smiling face welcomed people to Mercy on Monday through Friday during his summer break from school. Geo is 14 and a freshman at Washington High School. He says his grandfather has been a longtime Mercy volunteer, so he decided to give it a try. He likes it so much he will continue volunteering during the school year, greeting people Saturday evenings at the Emergency Department. Thanks, Geo, for volunteering at Mercy!

Claire SharpMeet Claire

Claire Sharp’s “can-do” attitude and joy for life have been making a difference at Mercy for nearly 40 years. She wears many hats — from greeting visitors to delivering flowers to working in the mailroom to volunteering as a Eucharistic Minister — Claire does it all! She even used to visit area schools dressed as a Quentin the Frog, a former Mercy mascot from days gone by. With more than 7,500 volunteer hours, Claire has touched many lives and we are so grateful to have her at Mercy. Thanks, Claire, for living out The Mercy Touch!