Mercy Medical Angels

The information on this page was last updated 5/18/2023. 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
4620 Haygood Road, Ste. 3
Virginia Beach, VA 23455

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

Show donor confidence score details

Transparency grade

C

To understand our transparency grade, click here.


Financial efficiency ratings

Sector: Relief and Development

CategoryRatingOverall rankSector rank
Overall efficiency rating336 of 110237 of 86
Fund acquisition rating327 of 110328 of 86
Resource allocation rating321 of 110329 of 86
Asset utilization rating634 of 110255 of 86

Financial ratios

Funding ratiosSector median20232022202120202019
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 ratiosSector median20232022202120202019
Program expense ratio Program expense ratio =
Program services /
Total expenses
86%91%89%91%85%93%
Spending ratio Spending ratio =
Total expenses /
Total revenue
97%80%72%92%96%101%
Program output ratio Program output ratio =
Program services /
Total revenue
82%73%64%83%82%94%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
3%20%28%8%4%-1%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
6%28%53%25%14%-5%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
6%4%4%3%9%3%
 
Investing ratiosSector median20232022202120202019
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.511.091.292.642.543.64
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.241.001.011.011.682.44
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.901.101.302.664.278.88
 
Liquidity ratiosSector median20232022202120202019
Current ratio Current ratio =
Total current assets /
Total current liabilities
17.0129.5619.4217.644.596.44
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.060.030.050.060.220.16
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.6410.588.784.262.201.14
 
Solvency ratiosSector median20232022202120202019
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
59%89%74%36%27%19%

Financials

Balance sheet
 
Assets20232022202120202019
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
 
Liabilities20232022202120202019
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 assets20232022202120202019
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
 
Revenue20232022202120202019
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
 
Expenses20232022202120202019
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 assets20232022202120202019
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

NameTitleCompensation
James B Godwin IIIPresident 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 5/18/2023. 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.