Mercy Medical Angels 
The information on this page was last updated 6/5/2024. If you see errors or omissions, please email: [email protected]
Summary
Mercy Medical Angels helps saves lives with medical transportation for those in need. For many patients, the journey back to a health is a long process. While healthcare is available, the cost of travel to distant medical facilities creates a financial burden preventing many patients from accessing the vital care they need.
Mercy Medical Angels removes the barrier to medical care with transportation on the ground and in the air.
Contact information
Mailing address:
Mercy Medical Angels
101 W. Main Street
Suite 1000
Norfolk, VA 23510
Website: mercymedical.org
Phone: (757) 318-9174
Email: [email protected]
Organization details
EIN: 521374161
CEO/President: RADM J.B. Godwin III USN
Chairman: David Linton
Board size: 12
Founder: Mr. Edward Boyer
Ruling year: 1985
Tax deductible: Yes
Fiscal year end: 06/30
Member of ECFA: No
Member of ECFA since:
Purpose
Our Vision: To ensure that no one is ever denied medical care because they don't have transportation.
Mission statement
Removing the barrier to medical care with transportation on the ground and in the air.
Statement of faith
Donor confidence score
Transparency grade
C
To understand our transparency grade, click here.
Financial efficiency ratings
Sector: Relief and Development
| Category | Rating | Overall rank | Sector rank |
| Overall efficiency rating | | 300 of 1115 | 34 of 92 |
| Fund acquisition rating | | 323 of 1116 | 28 of 92 |
| Resource allocation rating | | 305 of 1116 | 29 of 92 |
| Asset utilization rating | | 620 of 1115 | 56 of 92 |
Financial ratios
| Funding ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Return on fundraising efforts Return on fundraising efforts = Fundraising expense / Total contributions | 6% | 4% | 5% | 6% | 6% | 4% |
Fundraising cost ratio Fundraising cost ratio = Fundraising expense / Total revenue | 6% | 4% | 4% | 6% | 6% | 4% |
Contributions reliance Contributions reliance = Total contributions / Total revenue | 99% | 93% | 91% | 98% | 98% | 97% |
Fundraising expense ratio Fundraising expense ratio = Fundraising expense / Total expenses | 6% | 5% | 6% | 6% | 6% | 4% |
Other revenue reliance Other revenue reliance = Total other revenue / Total revenue | 1% | 7% | 9% | 2% | 2% | 3% |
| Operating ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Program expense ratio Program expense ratio = Program services / Total expenses | 86% | 91% | 89% | 91% | 85% | 93% |
Spending ratio Spending ratio = Total expenses / Total revenue | 98% | 80% | 72% | 92% | 96% | 101% |
Program output ratio Program output ratio = Program services / Total revenue | 83% | 73% | 64% | 83% | 82% | 94% |
Savings ratio Savings ratio = Surplus (deficit) / Total revenue | 2% | 20% | 28% | 8% | 4% | -1% |
Reserve accumulation rate Reserve accumulation rate = Surplus (deficit) / Net assets | 4% | 28% | 53% | 25% | 14% | -5% |
General and admin ratio General and admin ratio = Management and general expense / Total expenses | 7% | 4% | 4% | 3% | 9% | 3% |
| Investing ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Total asset turnover Total asset turnover = Total expenses / Total assets | 1.46 | 1.09 | 1.29 | 2.64 | 2.54 | 3.64 |
Degree of long-term investment Degree of long-term investment = Total assets / Total current assets | 1.22 | 1.00 | 1.01 | 1.01 | 1.68 | 2.44 |
Current asset turnover Current asset turnover = Total expenses / Total current assets | 1.85 | 1.10 | 1.30 | 2.66 | 4.27 | 8.88 |
| Liquidity ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Current ratio Current ratio = Total current assets / Total current liabilities | 17.06 | 29.56 | 19.42 | 17.64 | 4.59 | 6.44 |
Current liabilities ratio Current liabilities ratio = Total current liabilities / Total current assets | 0.06 | 0.03 | 0.05 | 0.06 | 0.22 | 0.16 |
Liquid reserve level Liquid reserve level = (Total current assets - Total current liabilities) / (Total expenses / 12) | 6.10 | 10.58 | 8.78 | 4.26 | 2.20 | 1.14 |
| Solvency ratios | Sector median | 2023 | 2022 | 2021 | 2020 | 2019 |
Liabilities ratio Liabilities ratio = Total liabilities / Total assets | 8% | 3% | 5% | 6% | 32% | 30% |
Debt ratio Debt ratio = Debt / Total assets | 0% | 0% | 0% | 0% | 18% | 23% |
Reserve coverage ratio Reserve coverage ratio = Net assets / Total expenses | 62% | 89% | 74% | 36% | 27% | 19% |
Financials
| Balance sheet | |||||
| Assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Cash | $1,378,550 | $1,818,364 | $1,280,677 | $744,823 | $304,207 |
| Receivables, inventories, prepaids | $1,412,651 | $663,396 | $65,508 | $92,535 | $178,727 |
| Short-term investments | $966,618 | $260,143 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $3,757,819 | $2,741,903 | $1,346,185 | $837,358 | $482,934 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 |
| Fixed assets | $17,545 | $19,770 | $8,625 | $571,200 | $695,845 |
| Other long-term assets | $0 | $0 | $0 | $0 | $0 |
| Total long-term assets | $17,545 | $19,770 | $8,625 | $571,200 | $695,845 |
| Total assets | $3,775,364 | $2,761,673 | $1,354,810 | $1,408,558 | $1,178,779 |
| Liabilities | 2023 | 2022 | 2021 | 2020 | 2019 |
| Payables and accrued expenses | $127,138 | $141,164 | $76,303 | $180,485 | $74,950 |
| Other current liabilities | $0 | $0 | $0 | $1,850 | $0 |
| Total current liabilities | $127,138 | $141,164 | $76,303 | $182,335 | $74,950 |
| Debt | $0 | $0 | $0 | $259,914 | $273,494 |
| Due to (from) affiliates | $0 | $0 | $0 | $0 | $0 |
| Other long-term liabilities | $0 | $0 | $0 | $3,150 | $1,825 |
| Total long-term liabilities | $0 | $0 | $0 | $263,064 | $275,319 |
| Total liabilities | $127,138 | $141,164 | $76,303 | $445,399 | $350,269 |
| Net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Without donor restrictions | $1,592,797 | $1,396,534 | $952,113 | $463,325 | $639,318 |
| With donor restrictions | $2,055,429 | $1,223,975 | $326,394 | $499,834 | $189,192 |
| Net assets | $3,648,226 | $2,620,509 | $1,278,507 | $963,159 | $828,510 |
| Revenues and expenses | |||||
| Revenue | 2023 | 2022 | 2021 | 2020 | 2019 |
| Total contributions | $4,802,461 | $4,521,632 | $3,808,629 | $3,619,760 | $4,129,898 |
| Program service revenue | $372,500 | $232,585 | $42,788 | $108,791 | $135,344 |
| Membership dues | $0 | $0 | $0 | $0 | $0 |
| Investment income | $22,754 | $13,069 | ($3,463) | $121 | $139 |
| Other revenue | ($54,241) | $183,777 | $47,040 | ($22,353) | ($23,096) |
| Total other revenue | $341,013 | $429,431 | $86,365 | $86,559 | $112,387 |
| Total revenue | $5,143,474 | $4,951,063 | $3,894,994 | $3,706,319 | $4,242,285 |
| Expenses | 2023 | 2022 | 2021 | 2020 | 2019 |
| Program services | $3,741,895 | $3,175,974 | $3,250,048 | $3,041,056 | $3,988,392 |
| Management and general | $181,153 | $156,005 | $112,574 | $307,208 | $125,266 |
| Fundraising | $193,000 | $221,704 | $217,024 | $223,406 | $173,808 |
| Total expenses | $4,116,048 | $3,553,683 | $3,579,646 | $3,571,670 | $4,287,466 |
| Change in net assets | 2023 | 2022 | 2021 | 2020 | 2019 |
| Surplus (deficit) | $1,027,426 | $1,397,380 | $315,348 | $134,649 | ($45,181) |
| Other changes in net assets | $0 | $0 | $0 | $0 | $0 |
| Total change in net assets | $1,027,426 | $1,397,380 | $315,348 | $134,649 | ($45,181) |
Compensation
| Name | Title | Compensation |
| James B Godwin III | President and CEO | $168,696 |
Compensation data as of: 6/30/2023
Response from ministry
No response has been provided by this ministry.
The information below was provided to MinistryWatch by the ministry itself. It was last updated 6/5/2024. To update the information below, please email: [email protected]
History
Mercy Medical Angels was founded in 1972 when four men in Washington, D.C. began offering free transportation in a small airplane to medical care for those in need.
Over the years, your donations have made it possible for Mercy Medical Angels to expand, meet new needs and offer different modes of transportation to where it is now the nation's largest provider of charitable transportation for those in need.
Program accomplishments
Since 1972, we've provided more than 250,000 trips for patients who couldn't afford to travel to long-distance healthcare.
Needs
Help Patients Receive Critical Medical Care by providing free medical transportation to a specialist healthcare facility.