PROMEDICA HEALTH SYSTEM INC

EIN: 341517671 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$268,610,062
Total Expenses
$300,940,118
Total Assets
$910,332,471
Net Assets
$681,191,145
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
OH
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2024-01-01 to 2024-12-31

PROMEDICA HEALTH SYSTEM INC, founded in 1986, is a major nonprofit in the Health Care sector that reported $268.6M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $300.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

BASED IN TOLEDO, OHIO, PROMEDICA HEALTH SYSTEM, INC. IS A NOT-FOR-PROFIT, INTEGRATED HEALTHCARE DELIVERY NETWORK WHOSE MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF OTHERS. IT IS GUIDED BY ITS CORE VALUES OF COMPASSION, INNOVATION, TEAMWORK, AND EXCELLENCE.

Program Service Accomplishments

Program 1
Expenses: $174,708,087 Revenue: $250,165,130

ESTABLISHED IN 1986, PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA) IS A MISSION-BASED, LOCALLY OWNED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN...

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ESTABLISHED IN 1986, PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA) IS A MISSION-BASED, LOCALLY OWNED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN TOLEDO, OHIO, WE ARE AMONG THE REGION'S LARGEST EMPLOYERS, PROMEDICA PLAYS A SIGNIFICANT ROLE IN ECONOMIC DEVELOPMENT AND STABILITY IN OUR REGION. WE CREATE A DIRECT ECONOMIC IMPACT WITH OUR REVENUE, PAYROLL AND EMPLOYMENT. ADDITIONALLY, SPENDING ON SERVICES AND MATERIALS WITH VENDORS IN OUR REGION CREATES AN INDIRECT ECONOMIC BENEFIT. BASED ON NEEDS THAT WE HAVE ASSESSED WITHIN THE COMMUNITIES WE SERVE; PROMEDICA COLLABORATES WITH THE COMMUNITY ON SERVICES AND PROGRAMS ANNUALLY TO HELP MEET THE GROWING DEMANDS OF LOCAL CONSUMERS ACROSS ALL SPECTRUMS OF LIFE, INCLUDING THOSE INDIVIDUALS WHO ARE OFTEN THE MOST VULNERABLE WHEN IT COMES TO HEALTH CARE: THE ELDERLY, POOR AND UNDERSERVED.OUR PHYSICIANS AND PROVIDERS, LEADERSHIP TEAM MEMBERS, RESIDENTS, AND EMPLOYEES INDIVIDUALLY CONTRIBUTE PERSONAL RESOURCES TO THE COMMUNITY IN NUMEROUS WAYS - SUCH AS THROUGH TUTORING ELEMENTARY STUDENTS IN READING AND OTHER LIFE SKILLS, PROVIDING HEALTH AND WELLNESS PROGRAMMING FOR OUR COMMUNITIES , GENEROUSLY CONTRIBUTING TO COMMUNITY FUNDRAISING CAMPAIGNS, SERVING ON LOCAL NOT-FOR-PROFIT BOARDS, AND DONATING NONPERISHABLE FOODS AND CLOTHING ITEMS TO NUMEROUS LOCAL COMMUNITY ORGANIZATIONS - UNDERSCORING A KEY BENEFIT OF PROMEDICA BEING LOCALLY OWNED AND OPERATED. PROMEDICA'S SPECIALIZED CARE INCLUDES ONCOLOGY, ORTHOPAEDICS, HEART AND VASCULAR, NEUROLOGY, REHABILITATIVE, AND BEHAVIORAL MEDICINE, AS WELL AS WOMEN'S SERVICES AND PEDIATRIC CARE. A FUNDAMENTAL PART OF OUR MISSION IS THAT OUR SERVICES ARE TAILORED TO THE NEEDS OF OUR COMMUNITIES, AND THEY ARE AVAILABLE TO EVERYONE IN OUR COMMUNITY, REGARDLESS OF THEIR ABILITY TO PAY. PROMEDICA GOES BEYOND INDUSTRY STANDARDS IN MEETING THE GOAL OF PROVIDING CARE TO EVERYONE, REGARDLESS OF THEIR ABILITY TO PAY. WE PROVIDE HOSPITAL CARE FREE-OF-CHARGE TO ALL FAMILIES WITHOUT INSURANCE WITH INCOMES AT OR BELOW 200% OF THE FEDERAL POVERTY LEVEL. IN ADDITION TO FREE CARE FOR THOSE FAMILIES UNDER THIS FEDERAL POVERTY LEVEL, MEDICALLY NECESSARY SERVICES ARE PROVIDED AT DISCOUNTED RATES BASED ON A SLIDING SCALE DEPENDING ON INCOME LEVEL AND INSURANCE STATUS.IN SUMMARY, PROMEDICA DEMONSTRATES ITS 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 HEALTH CARE SERVICES; RECRUIT AND TRAIN HEALTH CARE 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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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,472,536
Program Service Revenue $250,165,130
Investment Income $13,616,623
Other Revenue $1,355,773
TOTAL REVENUE $268,610,062

Expense Breakdown

Grants Paid $2,131,114
Salaries & Benefits $118,459,664
Fundraising Expenses $0
Program Expenses $174,708,087
Other Expenses $180,349,340
TOTAL EXPENSES $300,940,118

Year-over-Year Comparison

2024 2023 Change
Revenue $268,610,062 $327,862,575 -0.2%
Expenses $300,940,118 $433,307,277 -0.3%
Net Income $-32,330,056 $-105,444,702 -0.7%
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
13
Independent Members
5
Employees
1951
Volunteers
215

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
$5,578,174
Total Directors
14
$4,043,325
Key Employees
7
$7,617,657
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTURO POLIZZI PRESIDENT/CEO 20.00
Officer Director
$3,119,320 $14,012 $3,133,332
RAVI NARRA TRUSTEE/PHYSICIAN 1.00
Director
$45,000 $12,612 $628,493
MARK WAGONER TRUSTEE 1.00
Director
$70,000 $0 $70,000
LISA HAWKER TRUSTEE 1.00
Director
$65,000 $0 $65,000
LISA MCDUFFIE TRUSTEE 1.00
Director
$48,500 $0 $48,500
BOB LACLAIR CHAIRPERSON 1.00
Officer Director
$42,500 $0 $42,500
JAMES HOFFMAN TRUSTEE 1.00
Director
$35,000 $0 $35,000
DARRELL CAMPBELL TRUSTEE 1.00
Director
$20,500 $0 $20,500
MIKE BAUER TRUSTEE 1.00
Director
$0 $0 $0
JAMES BINGLE TRUSTEE 1.00
Director
$0 $0 $0
KURT DARROW TRUSTEE 1.00
Director
$0 $0 $0
STEVE STAELIN TRUSTEE 1.00
Director
$0 $0 $0
JIM WHITE TRUSTEE 1.00
Director
$0 $0 $0
THOMAS WINSTON TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
TERRENCE METZGER TREASURER/CFO 20.00
Officer
$1,209,318 $6,610 $1,215,928
STEPHEN SADOWSKI SECRETARY/CHIEF LEGAL OFFICER 20.00
Officer
$1,180,376 $6,038 $1,186,414
LORI JOHNSTON PRESIDENT - PARAMOUNT CARE - PART YEAR 44.00
Key Emp
$1,610,991 $4,521 $1,615,512
KENT BISHOP PRESIDENT - PPG/CMO 44.00
Key Emp
$1,452,904 $13,389 $1,466,293
DAWN BUSKEY CHIEF ACUTE CARE OFFICER 40.00
Key Emp
$1,340,164 $14,772 $1,354,936
ANGELA BRANDT CHIEF ADMINISTRATIVE OFFICER 43.00
Key Emp
$1,189,894 $12,432 $1,202,326
GARY CATES CHIEF PHILANTHROPY OFFICER - PART YEAR 43.00
Key Emp
$686,162 $5,907 $692,069
JUSTIN SKIVER PRESIDENT - SENIOR CARE 34.00
Key Emp
$655,570 $7,144 $662,714
FLOYD CHASSE CHIEF HR OFFICER 44.00
Key Emp
$615,987 $7,820 $623,807
KATHLEEN MERRILL CHIEF MARKETING OFFICER 43.00
Highest
$528,138 $12,669 $540,807
LUKE PILE COO - SENIOR CARE 35.00
Highest
$493,139 $11,053 $504,192
DEBI BROBST CHIEF INFORMATION OFFICER 45.00
Highest
$488,018 $9,360 $497,378
SCOTT FOUGHT VP ACUTE CARE 45.00
Highest
$486,760 $7,144 $493,904
ANDREW GOTTMAN VP, TOTAL REWARDS & HR SHARED SERVICES 45.00
Highest
$464,775 $8,092 $472,867
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 $268,610,062 $300,940,118 $910,332,471 $-32,330,056
2023 $327,862,575 $433,307,277 $854,134,157 $-105,444,702
2022 $357,359,759 $1,613,977,332 $1,727,790,337 $-1,256,617,573
2021 $187,074,606 $383,150,680 $3,990,273,616 $-196,076,074
2020 $274,534,140 $389,352,171 $2,870,044,058 $-114,818,031
2019 $428,415,348 $346,524,937 $2,707,280,136 $81,890,411
2018 $481,455,363 $1,598,638,648 $2,579,413,759 $-1,117,183,285
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