PROMEDICA NORTHWEST OHIO CARDIOLOGY CONSULTANTS (EIN 263888045) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

TERRENCE METZGER

Phone

4192525772

Tax Period

2023-01-01 to 2023-12-31

PROMEDICA NORTHWEST OHIO CARDIOLOGY CONSULTANTS, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $22.3M in total revenue in fiscal year 2023. Expenses of $45.8M exceeded revenue, resulting in a 105% operating deficit.

Mission

PROMEDICA NORTHWEST OHIO CARDIOLOGY CONSULTANTS IS PART OF THE PHYSICIAN SERVICES COMPONENT OF PROMEDICA HEALTH SYSTEM, INC.'S INTEGRATED DELIVERY SYSTEM AND PROVIDES SERVICES TO IMPROVE THE HEALTH CARE OF THE COMMUNITY IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,220

Program Service Revenue $22,308,235

Investment Income $0

Other Revenue $0

TOTAL REVENUE $22,310,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,582,071

Fundraising Expenses $0

Program Expenses $43,434,304

Other Expenses $6,179,750

TOTAL EXPENSES $45,761,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,310,455	$21,224,074	+0.1%
Expenses	$45,761,821	$42,648,954	+0.1%
Net Income	$-23,451,366	$-21,424,880	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

279

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$4,599,827

Total Directors

$7,074,772

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS ROBICHAUX	TREASURER - PART YEAR	1.00	Officer Director	$0	$0	$0
TERRENCE METZGER	TRUSTEE/TREASURER	1.00	Officer Director	$0	$4,079	$1,059,169
STEVE SADOWSKI	TRUSTEE/SECRETARY	1.00	Officer Director	$0	$6,028	$1,413,208
LISA HAWKER	TRUSTEE	1.00	Director	$0	$0	$40,000
BILL MCDONNELL	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KABAT	TRUSTEE	1.00	Director	$0	$0	$0
MARCY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
LISA MILLER	TRUSTEE/DIRECTOR	1.00	Director	$0	$4,657	$95,170
KATHLEEN MERRILL	TRUSTEE	1.00	Director	$0	$0	$0
LAURA KLINE	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA KISSNER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA THIEL	TRUSTEE	1.00	Director	$0	$0	$0
BARRY LUSE	TRUSTEE	1.00	Director	$0	$0	$0
SUE VANISACKER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE BRENNER	TRUSTEE	1.00	Director	$0	$0	$0
JIM BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR CHERFAN	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$659,149
DONALD CRESCENZO	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$918,456
TIM BUBLICK	TRUSTEE	1.00	Director	$0	$0	$0
EVON EBEID	TRUSTEE	1.00	Director	$0	$0	$0
ALEX GERKEN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PIROZEK	TRUSTEE	1.00	Director	$0	$0	$0
DAVE SNAVELY	TRUSTEE	1.00	Director	$0	$0	$0
DAWN BUSKEY	TRUSTEE/PRESIDENT	1.00	Director	$0	$5,337	$1,417,737
KENT BISHOP	TRUSTEE/PRESIDENT	1.00	Director	$0	$4,120	$1,441,883
ROBERT LACLAIR	TRUSTEE	1.00	Director	$0	$0	$30,000
ARTURO POLIZZI	PRESIDENT AND CEO	1.00	Officer	$0	$5,857	$2,127,450
AHMAD YOUNES	PHYSICIAN	45.00	Highest	$1,076,750	$10,151	$1,086,901
ROBERT GRANDE	PHYSICIAN	45.00	Highest	$784,999	$5,462	$790,461
RAJENDRA KATTAR	PHYSICIAN	45.00	Highest	$778,231	$5,462	$783,693
MUJEEB SHEIKH	PHYSICIAN	45.00	Highest	$768,868	$5,462	$774,330
JAYDUTT PATEL	PHYSICIAN	45.00	Highest	$766,524	$6,776	$773,300
STEVEN M CAVANAUGH	TREASURER, CFO - FORMER	0.00		$0	$5,657	$1,340,837
JEFFREY C KUHN	SECRETARY, CHIEF LEGAL OFFICER - FORMER	0.00		$0	$30,922	$779,348
GARY AKENBERGER	SR VP FINANCE - FORMER	0.00		$0	$43,532	$572,179

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$22,310,455	$45,761,821	$2,944,937	$-23,451,366
2022	$21,224,074	$42,648,954	$2,856,852	$-21,424,880
2021	$21,821,375	$42,513,810	$2,020,933	$-20,692,435
2020	$17,139,068	$35,933,721	$4,384,581	$-18,794,653

PROMEDICA NORTHWEST OHIO CARDIOLOGY CONSULTANTS