PROMEDICA HEALTH SYSTEM INC (EIN 341517671) - 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

1986

Legal Domicile

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

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.

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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 (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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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

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

$5,578,174

Total Directors

$4,043,325

Key Employees

$7,617,657

Highest Compensated

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

PROMEDICA HEALTH SYSTEM INC