FOSTORIA HOSPITAL ASSOCIATION

EIN: 340898745 501(c)(3)

TOLEDO, OH

Total Revenue
$52,501,973
Total Expenses
$45,286,437
Total Assets
$27,366,202
Net Assets
$13,093,353
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Financial Trends

Organization Details

Formation Year
1930
Legal Domicile
OH
Principal Officer
TERRENCE METZGER
Phone
4192525722
Tax Period
2023-01-01 to 2023-12-31

FOSTORIA HOSPITAL ASSOCIATION, founded in 1930, is a mid-sized nonprofit that reported $52.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $45.3M left a modest 14% surplus.

Mission

FOSTORIA HOSPITAL ASSOCIATION WILL PROVIDE QUALITY, COST-EFFECTIVE HEALTHCARE TO FOSTORIA AND ITS SURROUNDING COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $39,329,646 Revenue: $48,849,757

FOSTORIA HOSPITAL ASSOCIATION (D/B/A PROMEDICA FOSTORIA COMMUNITY HOSPITAL) IS A MEMBER OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION...

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FOSTORIA HOSPITAL ASSOCIATION (D/B/A PROMEDICA FOSTORIA COMMUNITY HOSPITAL) IS A MEMBER 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. ACCREDITED BY THE JOINT COMMISSION, PROMEDICA FOSTORIA COMMUNITY HOSPITAL (FCH) IS A 25-BED, ACUTE CARE HOSPITAL IN NORTHWEST OHIO. THE HOSPITAL CELEBRATED 90 YEARS IN THE COMMUNITY IN 2020. IN ADDITION TO OFFERING EMERGENCY CARE, GENERAL SURGERY, AND INPATIENT CARE, FCH HAS A BROAD RANGE OF OUTPATIENT SERVICES THAT INCLUDE CARDIAC AND PULMONARY REHABILITATION; SPECIAL IMAGING; RADIOLOGY AND LABORATORY SERVICES; PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES; AND A DIALYSIS CENTER THAT TREATS PATIENTS LOCALLY WITHOUT HAVING TO TRAVEL OUT OF TOWN. AS A CRITICAL ACCESS HOSPITAL, FCH ALSO PROVIDES HEALTH SERVICES THAT OTHER SIMILARLY SIZED, RURAL HOSPITALS DO NOT, INCLUDING A SLEEP DISORDER UNIT, HEMODIALYSIS, HOME HEALTH CARE, WELLNESS PROGRAMS, PAIN MANAGEMENT, AND A RETAIL PHARMACY. ADDITIONALLY, FCH'S CANCER AND INFUSION CENTER IMPROVES PATIENT ACCESS AND ENSURES A COMFORTABLE SETTING FOR CANCER PATIENTS AND THEIR FAMILIES. THE FCH DIABETES EDUCATION PROGRAM IS RECOGNIZED BY THE AMERICAN DIABETES ASSOCIATION IN ACCORDANCE WITH THE NATIONAL STANDARDS AND HELPS PATIENTS LEARN TO MANAGE THEIR CARE AND PREVENT COMPLICATIONS FROM THE CHRONIC DISEASE. THE HOSPITAL ALSO IS A NICHE (NURSES IMPROVING CARE FOR HEALTH SYSTEM ELDERS) DESIGNATED HOSPITAL, A NATIONAL NURSE-DRIVEN PROGRAM DESIGNED TO HELP HOSPITALS IMPROVE THE CARE OF OLDER ADULTS. FCH ALSO PARTNERS WITH PROMEDICA HOSPICE TO PROVIDE INPATIENT HOSPICE CARE SO THAT PATIENTS WHO ARE TOO ILL TO RETURN HOME OR GO TO AN INPATIENT HOSPICE FACILITY MAY CONTINUE RECEIVING EXPERT, COMPASSIONATE CARE IN THEIR LOCAL HOSPITAL NEAR FRIENDS AND FAMILY. IN 2023, FCH WAS RECOGNIZED WITH THE 2023 PERFORMANCE LEADERSHIP AWARDS FOR EXCELLENCE IN OUTCOMES. COMPILED BY THE CHARTIS CENTER FOR RURAL HEALTH, THE PERFORMANCE LEADERSHIP AWARDS HONOR TOP QUARTILE PERFORMANCE (I.E., 75TH PERCENTILE OR ABOVE) AMONG RURAL HOSPITALS IN QUALITY, OUTCOMES AND OR PATIENT PERSPECTIVE. IN 2023, FCH SERVED 598 INPATIENTS AND 9,235 OUTPATIENTS. ADDITIONALLY, 12,276 INDIVIDUALS SOUGHT EMERGENCY CARE AT FCH. THE HOSPITAL CONTRIBUTED $14,330,000 IN COMMUNITY BENEFIT THROUGH COMMUNITY BENEFIT EXPENDITURES, FINANCIAL ASSISTANCE, AND GOVERNMENT-SPONSORED, MEANS-TESTED HEALTH CARE. FCH PROVIDED A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE TO THE COMMUNITY DURING 2023, OF WHICH $2,073,000 REPRESENTED UNCOMPENSATED AMOUNTS FOR TREATMENT TO THOSE 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. FCH COST OF BAD DEBT FOR 2023 WAS $2,377,000. THIS AMOUNT IS NOT INCLUDED IN THE COMMUNITY BENEFIT AMOUNT OF $14,330,000 NOTED ABOVE.FURTHER, FCH PROVIDED $2,719,000 OF COMMUNITY BENEFIT THROUGH COSTS - NOT REIMBURSED BY THE GOVERNMENT - FOR TREATING MEDICAID AND OTHER MEANS-TESTED PATIENTS. ALSO, IN 2023, THE TOTAL COSTS - NOT REIMBURSED BY THE GOVERNMENT - FOR TREATING MEDICARE PATIENTS WAS $286,000 AND IS NOT INCLUDED IN THE COMMUNITY BENEFIT AMOUNT OF $14,330,000 NOTED ABOVE.DURING 2023, FCH PROVIDED 206 JOBS THROUGH DIRECT EMPLOYMENT, EXPENDING $11,888,000 IN NET PAYROLL. A TOTAL OF $701,000 WAS WITHHELD FROM HOSPITAL EMPLOYEES IN STATE AND LOCAL TAXES.IN SUMMARY, FCH DEMONSTRATES PROMEDICA'S 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, WE PROVIDE THESE HEALTHCARE SERVICES; RECRUIT AND TRAIN HEALTHCARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDE APPROPRIATE FINANCIAL ASSISTANCE; OFFER SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENT FREE EDUCATIONAL CLASSES, HEALTH FAIRS AND OTHER ACTIVITIES TO OUR LOCAL COMMUNITY TO HELP ENSURE ALL MEMBERS HAVE EQUAL ACCESS TO CARE.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $612,006
Program Service Revenue $48,849,757
Investment Income $0
Other Revenue $3,040,210
TOTAL REVENUE $52,501,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,987,473
Fundraising Expenses $0
Program Expenses $39,329,646
Other Expenses $31,298,964
TOTAL EXPENSES $45,286,437

Year-over-Year Comparison

2023 2022 Change
Revenue $52,501,973 $46,158,729 +0.1%
Expenses $45,286,437 $44,319,791 +0.0%
Net Income $7,215,536 $1,838,938 +2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
18
Independent Members
12
Employees
249
Volunteers
50

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
7
$6,284,934
Total Directors
23
$4,605,551
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA THIEL CHAIRMAN 1.00
Officer Director
$0 $0 $0
JODI RUCKER TRUSTEE/HOSPITAL PRESIDENT 1.00
Officer Director
$0 $3,717 $267,370
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
TIM BEIDELSCHIES MD TRUSTEE 1.00
Director
$0 $0 $0
JEANNE BOHM MD TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
RONALD CRAIG TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
TY OLIVER TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
BERNIE DICKSON TRUSTEE 1.00
Director
$0 $0 $0
ANGELA SPRANG TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
TERRENCE HOENING TRUSTEE 1.00
Director
$0 $0 $0
SANSANEE LONGBRAKE TRUSTEE 1.00
Director
$0 $0 $0
MATT KIBLER TRUSTEE 1.00
Director
$0 $0 $0
DARIN NYE MD TRUSTEE 1.00
Director
$0 $0 $0
LIBRA MARTIN TRUSTEE 1.00
Director
$0 $0 $0
FREDRICK REINHART TRUSTEE 1.00
Director
$0 $0 $0
ANDREW SPRANG TRUSTEE 1.00
Director
$0 $0 $0
TIMOTHY P YENRICK TRUSTEE 1.00
Director
$0 $0 $0
MARSHA CUSHMAN DO TRUSTEE 1.00
Director
$0 $0 $0
DASA DZIERWA TRUSTEE 1.00
Director
$0 $0 $164,736
ANN KUJAWA TRUSTEE/VICE PRESIDENT 1.00
Director
$0 $10,806 $283,331
DAWN BUSKEY TRUSTEE/TREASURER 1.00
Officer Director
$0 $5,337 $1,417,737
STEVE SADOWSKI TREASURER/CHIEF LEGAL OFFICER 1.00
Officer Director
$0 $6,028 $1,413,208
ARTURO POLIZZI PRESIDENT AND CEO 1.00
Officer
$0 $5,857 $2,127,450
LISA SALTZMAN LEAD PHARMACIST 45.00
Highest
$151,706 $7,106 $158,812
SCOTT BEIDELSCHIES PHARMACIST 45.00
Highest
$149,638 $3,677 $153,315
AMY PREBLE ASSOCIATE VP, CLINICAL 45.00
Highest
$138,617 $3,282 $141,899
JOHANNA HARRIS CLINICAL PHARMACIST 45.00
Highest
$140,226 $3,909 $144,135
LINDSAY SPRIDGEON PHARMACIST 45.00
Highest
$139,267 $570 $139,837
STEVEN M CAVANAUGH TREASURER, CFO - FORMER 0.00
$0 $995 $1,336,175
JEFFREY C KUHN SECRETARY, CHIEF LEGAL OFFICER - FORMER 0.00
$0 $33,822 $755,722
GARY AKENBERGER SR VP FINANCE - FORMER 0.00
$0 $36,639 $565,286
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 $52,501,973 $45,286,437 $27,366,202 $7,215,536
2022 $46,158,729 $44,319,791 $30,488,406 $1,838,938
2021 $45,375,690 $37,597,689 $31,575,521 $7,778,001
2020 $42,246,912 $35,595,898 $29,955,900 $6,651,014
2019 $39,681,401 $34,513,417 $73,918,469 $5,167,984
2018 $49,660,700 $36,179,936 $72,199,168 $13,480,764
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