PROMEDICA CONTINUUM SERVICES

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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

1998

Legal Domicile

Principal Officer

TERRENCE METZGER

Phone

4192525772

Tax Period

2023-01-01 to 2023-12-31

PROMEDICA CONTINUUM SERVICES, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $74.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROMEDICA CONTINUUM SERVICES IS AN INTEGRAL PART OF PROMEDICA HEALTH SYSTEM, INC. WE WILL BE THE PREMIER COMMUNITY-BASED MANAGED SERVICES ORGANIZATION AND PROVIDER OF RELATED HEALTHCARE SERVICES TO NORTHWEST OHIO/SOUTHEAST MICHIGAN, OFFERING QUALITY, COST-EFFECTIVE, EFFICIENT, AND VALUE-ADDED SERVICES TO ACHIEVE SUPERIOR PATIENT SATISFACTION AND A FINANCIALLY VIABLE NETWORK OF PHYSICIANS SUPPORTING THE MEDICAL NEEDS OF THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $72,487,067 Revenue: $42,323,746

PROMEDICA CONTINUUM SERVICES PROVIDES PHARMACY SERVICES TO ENHANCE THE RECOVERY PROCESS AND ENABLE PATIENTS' TREATMENT AT HOME.

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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 $0

Program Service Revenue $42,282,225

Investment Income $0

Other Revenue $32,497,429

TOTAL REVENUE $74,779,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,922,938

Fundraising Expenses $0

Program Expenses $72,487,067

Other Expenses $70,722,836

TOTAL EXPENSES $72,645,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,779,654	$66,631,454	+0.1%
Expenses	$72,645,774	$65,917,850	+0.1%
Net Income	$2,133,880	$713,604	+2.0%

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

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

$4,599,827

Total Directors

$4,602,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LISA HAWKER	TRUSTEE	1.00	Director	$0	$0	$40,000
BILL MCDONNELL	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KABAT	TRUSTEE	1.00	Director	$0	$0	$0
MARCY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
LISA MILLER	TRUSTEE/DIRECTOR	1.00	Director	$0	$4,657	$95,170
KATHLEEN MERRILL	TRUSTEE	1.00	Director	$0	$0	$0
LAURA KLINE	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA KISSNER	TRUSTEE	1.00	Director	$0	$0	$0
LINDA THIEL	TRUSTEE	1.00	Director	$0	$0	$0
BARRY LUSE	TRUSTEE	1.00	Director	$0	$0	$0
SUE VANISACKER	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE BRENNER	TRUSTEE	1.00	Director	$0	$0	$0
JIM BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
VICTOR CHERFAN	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$659,149
DONALD CRESCENZO	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$918,456
TIM BUBLICK	TRUSTEE	1.00	Director	$0	$0	$0
EVON EBEID	TRUSTEE	1.00	Director	$0	$0	$0
ALEX GERKEN	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PIROZEK	TRUSTEE	1.00	Director	$0	$0	$0
DAVE SNAVELY	TRUSTEE	1.00	Director	$0	$0	$0
DAWN BUSKEY	TRUSTEE/PRESIDENT	1.00	Director	$0	$5,337	$1,417,737
KENT BISHOP	TRUSTEE/PRESIDENT	1.00	Director	$0	$4,120	$1,441,883
ROBERT LACLAIR	TRUSTEE	1.00	Director	$0	$0	$30,000
ARTURO POLIZZI	PRESIDENT AND CEO	1.00	Officer	$0	$5,857	$2,127,450
LOUIS ROBICHAUX	TREASURER/CFO - PART YEAR	1.00	Officer	$0	$0	$0
TERRENCE METZGER	TREASURER/CFO	1.00	Officer	$0	$4,079	$1,059,169
STEVE SADOWSKI	SECRETARY/CHIEF LEGAL OFFICER	1.00	Officer	$0	$6,028	$1,413,208
BRYAN COEHRS	DIRECTOR OF PHARMACY OPERATIONS	45.00	Highest	$162,823	$5,146	$167,969
MATTHEW BECKEN	PHARMACY MANAGER	45.00	Highest	$136,229	$2,650	$138,879
JULIE GYURGYAK	RETAIL PHARMACIST	45.00	Highest	$130,826	$5,222	$136,048
NATHAN KALIES	RETAIL PHARMACIST	45.00	Highest	$130,454	$2,913	$133,367
DANIELLE TRAVILLIAN	PHARMACY MANAGER	45.00	Highest	$129,369	$1,840	$131,209
STEVEN M CAVANAUGH	TREASURER, CFO - FORMER	0.00		$0	$5,657	$1,340,837
JEFFREY C KUHN	SECRETARY, CHIEF LEGAL OFFICER - FORMER	0.00		$0	$30,922	$779,348
GARY AKENBERGER	SR VP FINANCE - FORMER	0.00		$0	$43,532	$572,179

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	$74,779,654	$72,645,774	$10,297,170	$2,133,880
2022	$66,631,454	$65,917,850	$9,387,795	$713,604
2021	$62,284,500	$60,804,889	$73,307,655	$1,479,611
2020	$50,000	$261,140	$1,238,171	$-211,140
2019	$5,948,961	$2,232,780	$8,061,642	$3,716,181
2018	$4,255,665	$9,805,608	$13,173,390	$-5,549,943