TOLEDO, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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