Mercy College of Ohio
MERCY COLLEGE, A CATHOLIC INSTITUTION WITH A FOCUS ON HEALTHCARE, EDUCATES AND INSPIRES STUDENTS TO LEAD AND TO SERVE IN THE GLOBAL COMMUNITY. MERCY COLLEGE IS SPONSORED BY Bon Secours MERCY HEALTH AND PRIMARILY FOCUSES ON HEALTHCARE AND HEALTH SCIENCE PROGRAMS.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$20.3M
Total Expenses
$24.3M
Net Assets
$36.0M
Employees
213
Volunteers
6
Grants Paid
$2.4M
Program Expense Ratio
84.8%
This nonprofit profile presents IRS Form 990 tax filing data for Mercy College of Ohio (EIN: 34-1726619), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Mercy College of Ohio is a 501(c)(3) nonprofit headquartered in Toledo, OH, founded in 1992. The organization has held tax-exempt status since 1993. In its 2024 filing, the organization reported $20.3M in total revenue, a 5.8% decrease from the prior year, and $24.3M in total expenses. The organization employed 213 people and engaged 6 volunteers. JODI PAHL, Board Member, CNO, is the highest-compensated individual at $650,098. The organization runs 1 program, totaling $20.6M in program expenses. 3 of 6 recommended governance policies are in place. Executive benefits include housing allowance.
Mercy College of Ohio is classified under NTEE code E32I. Its foundation type is 11.
Programs(Tax Year 2024)
1 record
Mercy College of Ohio operates 1 program, with total program expenses of $20.6M. Mercy College of Ohio's largest program accounts for 100% of total program spending.
The mission of Mercy College is to educate and inspire students to lead and serve in the global community. The vision of Mercy College is to be the leader in educating individuals committed to intellectual inquiry, social engagement, and lifelong learning. For fall 2024, Mercy College served a student body of 1,124, including graduate, undergraduate and non-credit programs.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Mercy College of Ohio's revenue has declined from $27.0M to $20.3M, a 24.9% decrease. Program expenses represent 85% of total spending.
Revenue decreased 5.8% year-over-year, while expenses grew 1.2%. net assets rose to $36.0M, up 9.3% from the prior year. the organization reduced headcount by 3 employees.
Mercy College of Ohio derives 3% from contributions and grants, with 91% from program services, with 6% from investment income.
Revenue is heavily concentrated: 91% comes from program service revenue, indicating limited diversification.
Mercy College of Ohio allocates 85% to programs, 15% to management and general.
Revenue declined by 5.8% and expenses grew by 1.2% year over year.
Mercy College of Ohio distributed $2.4M in grants to other organizations and individuals, representing 10% of total expenses.
Over 6 filings from 2019–2024, Mercy College of Ohio declined revenue from $27.0M to $20.3M (-24.9%) while maintaining a program expense ratio of 85%. During this period, the organization reduced from 343 to 213 employees.
Mercy College of Ohio holds $36.8M in total assets against $802K in liabilities (debt-to-asset ratio of 2%). The organization has 17.8 months of operating reserves. Cash and equivalents of $44K cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $20.3M | $686K | $553K | $18.4M | $1.2M |
| 2023 | $21.5M | $1.1M | $914K | $19.7M | $772K |
| 2022 | $21.5M | $1.4M | $1.2M | $19.5M | $583K |
| 2021 | $27.2M | $5.1M | $4.9M | $20.4M | $1.7M |
| 2020 | $23.1M | $3.4M | $3.2M | $18.8M | $924K |
| 2019 | $27.0M | $3.4M | $2.8M | $21.9M | $1.7M |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $24.3M | $20.6M | $3.7M | $0 | $2.4M |
| 2023 | $24.0M | $20.4M | $3.6M | $0 | $2.3M |
| 2022 | $24.6M | $20.4M | $4.2M | $0 | $2.5M |
| 2021 | $29.2M | $24.8M | $4.5M | $0 | $7.3M |
| 2020 | $23.2M | $17.5M | $5.7M | $0 | $2.9M |
| 2019 | $21.4M | $16.8M | $4.6M | $0 | $3.0M |
Program Expense Ratio
84.8%
Admin Expense Ratio
15.2%
Fundraising Efficiency
—
Operating Reserve
17.8 mo
People & Compensation(Tax Year 2024)
24 records
Mercy College of Ohio reported compensation for 24 officers and key employees. Total officer compensation was $3.4M, representing 14.2% of total expenses. 2 individuals received total compensation exceeding $500,000.
Mercy College of Ohio's highest-compensated individual received $650K in total compensation. Total officer compensation of $3.4M represents 14.2% of total expenses. 2 individuals received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| JODI PAHL | Board Member, CNO | Director | 1.00 | $0 | $559,443 | $650,098 |
| JEFFREY DEMPSEY | Board Member, President, MSVMC | Director | 1.00 | $0 | $518,692 | $580,943 |
| RANDALL SCHLIEVERT MD | Board Member, VP Academic Affairs | Director | 1.00 | $0 | $457,977 | $492,291 |
| Trevor Bates | Secretary, MCO President | OfficerDirector | 40.00 | $246,206 | $0 | $264,555 |
| Dawn LaBarbera | Director, Phys Assist. Program | Highest Comp | 40.00 | $145,508 | $0 | $182,136 |
| Kimberly Watson | Dean, Health Science Program | Highest Comp | 40.00 | $164,072 | $0 | $181,957 |
| Marc Adkins | VP, Student Affairs | Highest Comp | 40.00 | $145,536 | $0 | $179,617 |
| GAIL Lis | Dean of Nursing | Highest Comp | 40.00 | $148,582 | $0 | $170,979 |
| Elizabeth Fogle | Director of Institutional Effectiveness and Strategic Planning | Highest Comp | 40.00 | $138,944 | $0 | $167,765 |
| Jeffery Swartz MD | Board Member; Physician | Director | 1.00 | $0 | $143,217 | $159,953 |
| Susan Wajert | Secretary, MCO President | OfficerDirector | 40.00 | $146,392 | $0 | $152,218 |
| Manuel Martinez | Interim MCO President (03/24 - 05/24) | OfficerDirector | 40.00 | $134,897 | $0 | $142,440 |
| Liz McGarry | Board Member, Director of Devt - HOV | Director | 1.00 | $0 | $105,429 | $120,216 |
| Kathleen Habig Nippert | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Jill Trosin | Chairperson | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Joseph Pettee | Treasurer | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Larry Boyer | Treasurer | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Sr Nancy Merkle | Vice Chair | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Steven Sondergaard | Chairperson | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Jennifer McCary | Vice Chair | OfficerDirector | 1.00 | $0 | $0 | $0 |
| Rick Rudnicki | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Sr Judith Mouch RSM | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Stephanie Buckenmeyer | Board Member | Director | 1.00 | $0 | $0 | $0 |
| Thomas Stuckey | Board Member | Director | 1.00 | $0 | $0 | $0 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
Susan Wajert
Base Salary
$16,181
Bonus
$80,821
Other Reportable
$49,390
Retirement/Deferred
$3,152
Nontaxable Benefits
$2,674
Executive Perks
Trevor Bates
Base Salary
$146,231
Bonus
$55,000
Other Reportable
$44,975
Retirement/Deferred
$18,100
Nontaxable Benefits
$249
Executive Perks
JEFFREY DEMPSEY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
RANDALL SCHLIEVERT MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
JODI PAHL
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Jeffery Swartz MD
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Executive Perks
Dawn LaBarbera
Base Salary
$116,735
Bonus
$4,482
Other Reportable
$24,291
Retirement/Deferred
$4,560
Nontaxable Benefits
$32,068
Executive Perks
Elizabeth Fogle
Base Salary
$133,014
Bonus
$4,271
Other Reportable
$1,659
Retirement/Deferred
$1,975
Nontaxable Benefits
$26,846
Executive Perks
GAIL Lis
Base Salary
$126,991
Bonus
$10,496
Other Reportable
$11,095
Retirement/Deferred
$4,501
Nontaxable Benefits
$17,896
Executive Perks
Kimberly Watson
Base Salary
$126,366
Bonus
$10,766
Other Reportable
$26,940
Retirement/Deferred
$3,444
Nontaxable Benefits
$14,441
Executive Perks
Marc Adkins
Base Salary
$119,514
Bonus
$10,960
Other Reportable
$15,062
Retirement/Deferred
$4,564
Nontaxable Benefits
$29,517
Executive Perks
Governance & Compliance(Tax Year 2024)
Mercy College of Ohio has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 12 members, 6 of whom are independent.
Mercy College of Ohio's financial statements are audited, an audit committee oversees the process, the organization is subject to a federal grant audit (Single Audit).
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
5 records
The organization also provided grants to individuals (1,066 recipients) totaling $2.4M, including pell grant, ohio college opportunity grant, scholarships, federal supplemental educational grant, federal work study program.
Grants to Individuals
| Type | Recipients | Amount |
|---|---|---|
| PELL GRANT | 535 | $1.7M |
| OHIO COLLEGE OPPORTUNITY GRANT | 203 | $402K |
| Scholarships | 100 | $133K |
| FEDERAL SUPPLEMENTAL EDUCATIONAL GRANT | 220 | $93K |
| FEDERAL WORK STUDY PROGRAM | 8 | $37K |
Supplemental Financial Data(Tax Year 2024)
The endowment stands at $32.1M.
Filing History(Tax Years 1993–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $20.3M | $24.3M | $36.0M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $21.5M | $24.0M | $32.9M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $21.5M | $24.6M | $29.4M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $27.2M | $29.2M | $31.9M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $23.1M | $23.2M | $25.8M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $27.0M | $21.4M | $25.8M |
| 1993–2018 | No filings acquired yet | ||||
Frequently Asked Questions
What does Mercy College of Ohio do?
MERCY COLLEGE, A CATHOLIC INSTITUTION WITH A FOCUS ON HEALTHCARE, EDUCATES AND INSPIRES STUDENTS TO LEAD AND TO SERVE IN THE GLOBAL COMMUNITY. MERCY COLLEGE IS SPONSORED BY Bon Secours MERCY HEALTH AND PRIMARILY FOCUSES ON HEALTHCARE AND HEALTH SCIENCE PROGRAMS.
How much revenue does Mercy College of Ohio have?
Mercy College of Ohio reported $20,273,797 in total revenue for tax year 2024, down 5.8% from the prior year.
Who is the highest-paid executive at Mercy College of Ohio?
JODI PAHL, Board Member, CNO, received $650,098 in total compensation as of tax year 2024.
Is Mercy College of Ohio a 501(c)(3)?
Yes, Mercy College of Ohio is classified as a 501(c)(3) tax-exempt organization.
Where is Mercy College of Ohio located?
Mercy College of Ohio is headquartered in Toledo, OH 43604.
How many employees does Mercy College of Ohio have?
Mercy College of Ohio has 213 employees and 6 volunteers as of tax year 2024.
Is Mercy College of Ohio audited?
Yes, Mercy College of Ohio's financial statements are audited, and the organization has an audit committee.
Does Mercy College of Ohio give grants?
Yes, Mercy College of Ohio distributed $2,409,712 in grants to other organizations and individuals in tax year 2024.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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