PROMEDICA FOUNDATION (EIN 341517672) - 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

5675853618

Tax Period

2023-01-01 to 2023-12-31

PROMEDICA FOUNDATION, founded in 1986, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $16.6M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $25.1M exceeded revenue, resulting in a 51% operating deficit.

Mission

THE PROMEDICA FOUNDATION'S MISSION IS TO GENERATE AND DIRECT THE UTILIZATION OF RESOURCES TO ENRICH EXISTING PROGRAMS AND FUND NEW SERVICES, INSPIRING EXCELLENT IN THE PROVISION OF HEALTH CARE AND ENHANCING QUALITY OF LIFE FOR THE PEOPLE OF OUR COMMUNITY.

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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 $6,271,430

Program Service Revenue $0

Investment Income $10,377,686

Other Revenue $-51,971

TOTAL REVENUE $16,597,145

Expense Breakdown

Grants Paid $18,413,926

Salaries & Benefits $2,789,158

Fundraising Expenses $3,966,917

Program Expenses $18,413,926

Other Expenses $3,674,875

TOTAL EXPENSES $25,135,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,597,145	$21,490,515	-0.2%
Expenses	$25,135,923	$21,862,373	+0.1%
Net Income	$-8,538,778	$-371,858	+22.0%

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

N/A

Volunteers

100

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

$5,861,057

Total Directors

$4,377,775

Key Employees

$236,562

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SADOWSKI	SECRETARY/CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$6,028	$1,413,208
ANGELA BRANDT	TRUSTEE/CAO	1.00	Officer Director	$0	$2,999	$1,236,230
TERRENCE METZGER	TRUSTEE/CFO	1.00	Officer Director	$0	$4,079	$1,059,169
GARY CATES	TRUSTEE/CPO	1.00	Director	$0	$1,294	$614,168
ROBERT LACLAIR	TRUSTEE	1.00	Director	$0	$0	$30,000
JAMES HOFFMAN	CHAIRMAN	1.00	Officer Director	$0	$0	$25,000
LOUIS ROBICHAUX	TREASURER - PART YEAR	1.00	Officer Director	$0	$0	$0
ARTURO POLIZZI	PRESIDENT AND CEO	1.00	Officer	$0	$5,857	$2,127,450
CHRISTI ANSBERG	VP PHILANTHROPY	43.00	Key Emp	$0	$0	$236,562
DASA DZIERWA	ASSOCIATE VP FINANCE	42.00	Highest	$164,736	$0	$164,736
ELIZABETH SAVAGE	AVP DEVELOPMENT	45.00	Highest	$151,866	$1,811	$153,677
TARA O'ROURKE	SPECIAL GIVING DIRECTOR	45.00	Highest	$106,816	$2,823	$109,639
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	CHIEF OPERATING OFFICER-FORMER	0.00		$0	$14,077	$542,724

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	$16,597,145	$25,135,923	$359,883,093	$-8,538,778
2022	$21,490,515	$21,862,373	$332,575,061	$-371,858
2021	$33,946,131	$20,799,959	$412,976,640	$13,146,172
2020	$24,233,338	$23,138,052	$386,053,064	$1,095,286
2019	$36,859,915	$19,762,228	$351,154,330	$17,097,687
2018	$38,479,876	$18,902,907	$304,253,146	$19,576,969

PROMEDICA FOUNDATION