Mhic
Prior to closure, Mhic healed and comforted the sick and worked to improve the health of the community in the spirit of jesus christ and the catholic tradition of the sisters of mercy.
Mhic at a glance
- Total assets
- $10,346,344
- -76.5% vs 2024
- Revenue (2025)
- $11,270,597
- -42.8% vs 2024
- Net investment income (2025)
- $63,395
- -100.1% vs 2024
- Expenses (2025)
- $4,866,854
- -96.1% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who Mhic funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $12K (2019) to $30K (2024). In 2024 it made 1 grant totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Hospital Iowa City Iowa Self Insurance Plan and Trust Iowa City, IA | General Support | $30,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $10,346,344 | $11,270,597 | $4,866,854 | — | — | $63,395 |
| 2024 | $43,990,746 | $19,700,122 | $124,602,433 | $30,000 | 1 | $-63,344,408 |
| 2023 | $160,030,077 | $164,462,075 | $193,174,817 | $12,000 | 1 | $-108,897 |
| 2022 | $209,423,313 | $177,018,605 | $193,835,584 | $12,000 | 1 | $4,158,235 |
| 2021 | $261,026,318 | $193,280,238 | $182,828,790 | — | — | $4,731,889 |
| 2020 | $259,707,250 | $173,374,992 | $176,040,298 | $19,500 | 2 | $3,185,800 |
| 2019 | $263,566,195 | $171,927,524 | $157,246,302 | $12,000 | 1 | $9,050,009 |
About Mhic
Based on IRS filings
Mhic is a public charity focused on Health, based in Iowa City, IA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $10.3M in total assets. Net investment income was $63K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Mhic is led by Dan Childers, President, Secretary & Treasurer on the 2025 filing; none of the 2 officers listed in 2025 report compensation.
Officers on the 2025 filing
Dan Childers
President, Secretary & Treasurer
New on the 2025 filing
1 hr/week
No compensation reported
Marc Ross
Financial Advisor to Mhlt
New on the 2025 filing
1 hr/week
No compensation reported
Former officers (53)
- Former: Madeline Windauer (2019–2024) — Vice Chair · Filing note: Began 119
- Former: Mary Westbrook (2019–2024) — Board Member
- Former: SR Helen Marie Burns (2019–2024) — Board Member
- Former: SR Rita Specht (2019–2024) — Board Member
- Former: Steven Anderson (2019–2024) — Board Member · Filing note: Began 119
- Former: Tom Clancy (2019–2024) — CEO & Adminnistrator
- Former: Chris Scott (2020–2024) — Board Member
- Former: Dawna Miller (2020–2024) — Former Officer
- Former: Luke Brunkhorst (2020–2024) — Physician
- Former: Kim Volk (2022–2024) — Vice President - Nursing
- Former: Michael Hoffman (2022–2024) — Physician
- Former: Mike Trachta (2022–2024) — Former Officer
- Former: Jeffrey Rooney (2023–2024) — Former Officer
- Former: Jim Porter (2023–2024) — Treasurer
- Former: Lynn Whisler (2023–2024) — Secretary
- Former: Peter Gardner (2023–2024) — Board Member
- Former: SR Linda Bechen (2023–2024) — Board Member
- Former: Ali Mohammed (2024) — Physician
- Former: Katherine Ignacio (2024) — Physician
- Former: Mark Toney (2024) — Chief Restructuring Officer
- Former: Spas Kotev (2024) — Physician
- Former: Andrew Ashby (2019–2023) — Physician
- Former: Bob Ritz (2019–2023) — Board Member
- Former: Dave Vellinga (2019–2023) — Board Member
- Former: Jack Dusenbery (2019–2023) — Board Member
- Former: Kimberley Rossiter (2019–2023) — Assistant Treasurer
- Former: Martin Izakovic (2019–2023) — Former Vice President & Physician · Filing note: Began 419
- Former: Tom McLaughlin (2019–2023) — Chair
- Former: Karin Franklin (2021–2023) — Board Member
- Former: Scott Alderman (2022–2023) — Vice President - Information & Tech
- Former: Craig Huston (2023) — Physician
- Former: Steven Udelhofen (2023) — Physician
- Former: Stuart Elkin (2023) — Assistant Treasurer
- Former: Sean Williams (2019–2022) — CEO & Administrator
- Former: SR Linda Bretchen (2020–2022) — Board Member
- Former: James Nielsen (2021–2022) — Physician
- Former: Rhys Kavanagh (2022) — Physician
- Former: Joseph Truszowski (2019–2021) — Physician
- Former: Yonas Getachew (2019–2021) — Physician
- Former: Benjamin Green (2020–2021) — Physician
- Former: Douglas Davenport (2019–2020) — CFO
- Former: Michael Heinrich (2019–2020) — Former Officer
- Former: Shari DeMaris (2019–2020) — Board Member · Filing note: Began 119
- Former: SR Patricia Murphy (2019–2020) — Board Member
- Former: Tim Krumm (2019–2020) — Chair
- Former: Ankur Vyas (2019) — Physician
- Former: Casey Greene (2019) — Vice President
- Former: LeAnn Tatman (2019) — Vice President · Filing note: Ended 10/2018
- Former: Mark Phillips (2019) — Chair · Filing note: Ended 10/2018
- Former: Ronald R Reed (2019) — Frmr President & Administrator
- Former: Scott Fisher (2019) — Secretary · Filing note: Ended 10/2018
- Former: Shoba Theivanayagam (2019) — Physician
- Former: Tom Goedken (2019) — Board Member · Filing note: Ended 10/2018
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Mhic
How large is Mhic?
Mhic reported $10.3M in total assets on its 2025 IRS Form 990. Its revenue that year was $11.3M.
What is Mhic?
Mhic is a public charity focused on Health, based in Iowa City, IA. It holds $10.3M in total assets as of 2025.
Where does Mhic operate?
Mhic has awarded grants in Iowa.
What is Mhic's EIN?
Mhic's EIN (Employer Identification Number) is 42-0680391. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2025 (received by the IRS May 15, 2026)
- IRS filings on file for fiscal years 2019–2024
Live grants for the work Mhic funds
Health Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mhic's focus areas in our free grants database
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Mhic down — hundreds of funders to go?