MEMORIAL PROFESSIONAL SERVICES

EIN: 273763993 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$17,328,537
Total Expenses
$24,702,229
Total Assets
$3,067,449
Net Assets
$-1,744,887
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MI
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL PROFESSIONAL SERVICES, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $17.3M in total revenue in fiscal year 2023. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $24.7M exceeded revenue, resulting in a 43% operating deficit.

Mission

AS AN INTEGRAL PART OF PROMEDICA HEALTH SYSTEM, INC., WE WILL BE THE PREMIER COMMUNITY-BASED MANAGEMENT SERVICES ORGANIZATION AND PROVIDER OF RELATED HEALTHCARE SERVICES FOR NORTHWEST OHIO/SOUTHEAST MICHIGAN, OFFERING QUALITY, COST-EFFECTIVE, EFFICIENT, AND VALUE-ADDED SERVICES TO ACHIEVE SUPERIOR PATIENT SATISFACTION AND A FINANCIALLY VIABLE NETWORK OF PHYSICIANS SUPPORTING THE MEDICAL NEEDS OF THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $24,702,229 Revenue: $17,328,537

SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO, MEMORIAL PROFESSIONAL SERVICES (MPS), A SUBSIDIARY OF PROMEDICA PHYSICIAN GROUP (PPG), OFFERS A LARGE SELECTION OF PHYSICIANS AND ADVANCED PRACTICE...

Read more

SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO, MEMORIAL PROFESSIONAL SERVICES (MPS), A SUBSIDIARY OF PROMEDICA PHYSICIAN GROUP (PPG), OFFERS A LARGE SELECTION OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS WHO PROVIDE MEDICAL CARE AND OTHER HEALTHCARE SERVICES VIA AN INTEGRATED APPROACH THROUGH WHICH THEY COLLABORATE WITH OTHER PROVIDERS. THIS INTEGRATED DELIVERY IS MORE COST-EFFECTIVE THAN TRADITIONAL DELIVERY SYSTEMS AND HELPS TO ENSURE PATIENTS HAVE BETTER ACCESS TO CARE IN THE MOST APPROPRIATE SETTING. PPG AND ITS SUBSIDIARIES ARE PART OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN TOLEDO, OHIO, PROMEDICA SERVES 28 STATES ACROSS THE COUNTRY AND IS ONE OF THE NATION'S LEADING HEALTH SYSTEMS. OUR STEWARDSHIP OF RESOURCES HAS ENABLED US TO WISELY INVEST IN PATIENT-CENTERED CARE, ADVANCED TECHNOLOGY, INNOVATIVE PROGRAMS, AND FAMILY-ORIENTED FACILITIES THAT HELP TO ENSURE PATIENTS AND AREA RESIDENTS HAVE EQUAL ACCESS TO HIGH-QUALITY, SAFE CARE IN THE MOST APPROPRIATE SETTING, REGARDLESS OF PATIENTS' ABILITY TO PAY. PPG'S WELL-EQUIPPED PHYSICIAN FACILITIES ARE LOCATED IN APPROXIMATELY 200 LOCATIONS, AND ITS NETWORK IS COMPRISED OF MORE THAN 1,200 HEALTHCARE PROVIDERS CERTIFIED IN MORE THAN 50 SPECIALTIES, INCLUDING ANESTHESIOLOGY, BARIATRICS, CARDIOLOGY, CRITICAL CARE, ENT, FAMILY MEDICINE, GASTROENTEROLOGY, GENERAL SURGERY, HEMATOLOGY-ONCOLOGY, HOSPITALISTS, INTERNAL MEDICINE, NEUROLOGY AND NEUROSURGERY, OBSTETRICS/GYNECOLOGY, OCCUPATIONAL MEDICINE, OPHTHALMOLOGY, ORTHOPEDIC SURGERY, PEDIATRIC CARDIOLOGY, PEDIATRIC CRITICAL CARE MEDICINE, PEDIATRICS, PSYCHIATRY, SPORTS CARE, SURGICAL ONCOLOGY, UROLOGY, AND VASCULAR MEDICINE. PPG CONDUCTED APPROXIMATELY 2 MILLION PATIENT ENCOUNTERS IN 2022. ADDITIONALLY, PPG PRIMARY CARE PRACTICES NOW SCREEN FOR 5 DIFFERENT SOCIAL DETERMINANTS SCREENS FOR AREAS SUCH AS FOOD INSECURITY, FINANCIAL, TRANSPORTATION, AND UTILITIES. PATIENTS SCREENING POSITIVE ARE CONNECTED TO COMMUNITY RESOURCES TO IMPROVE HEALTH AND WELL-BEING. MEMORIAL PROFESSIONAL SERVICES PROVIDED A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE TO THE COMMUNITY DURING 2023, OF WHICH $137,999 REPRESENTED UNCOMPENSATED AMOUNTS FOR TREATMENT OF PATIENTS WHO DID NOT HAVE THE FINANCIAL RESOURCES TO PAY FOR HOSPITAL SERVICES. FINANCIAL ASSISTANCE REPRESENTS THE COST TO PROVIDE SERVICE AND DOES NOT INCLUDE THE COSTS FOR ACCOUNTS WRITTEN OFF TO BAD DEBT FOR PATIENTS WHO DO NOT PAY THEIR BILLS. ITS COST OF BAD DEBT FOR 2023 TOTALED $492,495.DURING 2023, MEMORIAL PROFESSIONAL SERVICES EXPENDED $10,077,808 IN NET PAYROLL, PROVIDING 141 JOBS. A TOTAL OF $502,397 WAS WITHHELD FROM EMPLOYEES IN STATE AND LOCAL TAXES.IN SUMMARY, PPG AND ITS SUBSIDIARIES DEMONSTRATE THEIR MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY HEALTH CARE TO ALL PATIENTS, REGARDLESS OF THEIR RACE, CREED, SEX, NATIONAL ORIGIN, DISABILITY OR AGE AND WE RECOGNIZE THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL CARE. THEREFORE, PROMEDICA PROVIDES THESE HEALTHCARE SERVICES; RECRUITS AND TRAINS HEALTHCARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDES APPROPRIATE FINANCIAL ASSISTANCE; OFFERS SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENTS FREE EDUCATIONAL CLASSES, HEALTH FAIRS AND OTHER ACTIVITIES TO OUR LOCAL COMMUNITY TO HELP ENSURE ALL MEMBERS HAVE EQUAL ACCESS TO CARE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,328,537
Investment Income $0
Other Revenue $0
TOTAL REVENUE $17,328,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $18,150,450
Fundraising Expenses $0
Program Expenses $24,702,229
Other Expenses $6,551,779
TOTAL EXPENSES $24,702,229

Year-over-Year Comparison

2023 2022 Change
Revenue $17,328,537 $11,239,268 +0.5%
Expenses $24,702,229 $17,418,562 +0.4%
Net Income $-7,373,692 $-6,179,294 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
23
Independent Members
17
Employees
165
Volunteers
18

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
5
$4,639,827
Total Directors
23
$4,602,395
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT BISHOP TRUSTEE/PRESIDENT 1.00
Director
$0 $4,120 $1,441,883
DAWN BUSKEY TRUSTEE/PRESIDENT 1.00
Director
$0 $5,337 $1,417,737
DONALD CRESCENZO TRUSTEE/PHYSICIAN 1.00
Director
$0 $0 $918,456
VICTOR CHERFAN TRUSTEE/PHYSICIAN 1.00
Director
$0 $0 $659,149
KATHLEEN MERRILL TRUSTEE 1.00
Director
$0 $0 $0
LISA MILLER TRUSTEE/DIRECTOR - PART YEAR 1.00
Director
$0 $4,657 $95,170
LISA HAWKER CHAIRMAN 1.00
Officer Director
$0 $0 $40,000
BILL MCDONNELL TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
NANCY KABAT TRUSTEE 1.00
Director
$0 $0 $0
MARCY BROWN TRUSTEE 1.00
Director
$0 $0 $0
LAURA KLINE TRUSTEE - PART YEAR 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 - PART YEAR 1.00
Director
$0 $0 $0
KRISTINE BRENNER TRUSTEE 1.00
Director
$0 $0 $0
JIM BRENNAN TRUSTEE 1.00
Director
$0 $0 $0
TIM BUBLICK TRUSTEE - PART YEAR 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
ROBERT LACLAIR TRUSTEE 1.00
Director
$0 $0 $30,000
ARTURO POLIZZI PRESIDENT AND CEO 1.00
Officer
$0 $5,857 $2,127,450
TERRENCE METZGER TREASURER/CFO 1.00
Officer
$0 $4,079 $1,059,169
LOUIS ROBICHAUX TREASURER/CFO - PART YEAR 1.00
Officer
$0 $0 $0
STEVE SADOWSKI SECRETARY/CHIEF LEGAL OFFICER 1.00
Officer
$0 $6,028 $1,413,208
MICHAEL GRILLIS PHYSICIAN 44.00
Highest
$630,007 $5,647 $635,654
MENNATALLAH OMAR PHYSICIAN 45.00
Highest
$521,471 $1,906 $523,377
DAVID DEFRANCE PHYSICIAN 45.00
Highest
$464,629 $3,992 $468,621
DAVID SOMMERS PHYSICIAN 44.00
Highest
$456,443 $0 $456,443
VERNON REYNOLDS PHYSICIAN 45.00
Highest
$448,115 $1,705 $449,820
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 $17,328,537 $24,702,229 $3,067,449 $-7,373,692
2022 $11,239,268 $17,418,562 $3,073,955 $-6,179,294
2021 $15,080,612 $19,802,156 $7,092,437 $-4,721,544
2020 $13,111,469 $18,422,108 $2,966,425 $-5,310,639
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare MEMORIAL PROFESSIONAL SERVICES with other nonprofits in Ohio and across the country.