MEMORIAL PROFESSIONAL SERVICES (EIN 273763993) - 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

2010

Legal Domicile

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

MEMORIAL PROFESSIONAL SERVICES 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 $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

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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

165

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

$4,639,827

Total Directors

$4,602,395

Key Employees

Highest Compensated

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

MEMORIAL PROFESSIONAL SERVICES