PROMEDICA CENTRAL PHYSICIANS (EIN 341881137) - 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

1998

Legal Domicile

Principal Officer

TERRENCE METZGER

Phone

4192525772

Tax Period

2024-01-01 to 2024-12-31

PROMEDICA CENTRAL PHYSICIANS, founded in 1998, is a major nonprofit in the Health Care sector that reported $338.3M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $498.3M exceeded revenue, resulting in a 47% operating deficit.

Mission

PROMEDICA CENTRAL PHYSICIANS IS PART OF THE PHYSICIAN SERVICES COMPONENT OF PROMEDICA HEALTH SYSTEM, INC.'S INTEGRATED DELIVERY SYSTEM AND PROVIDES SERVICES TO IMPROVE THE HEALTH CARE OF THE COMMUNITY IN AN EFFICIENT AND COST-EFFECTIVE MANNER.

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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 $1,074

Program Service Revenue $338,712,396

Investment Income $-372,731

Other Revenue $3,048

TOTAL REVENUE $338,343,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $363,542,316

Fundraising Expenses $0

Program Expenses $498,119,704

Other Expenses $134,799,544

TOTAL EXPENSES $498,341,860

Year-over-Year Comparison

	2024	2023	Change
Revenue	$338,343,787	$410,365,778	-0.2%
Expenses	$498,341,860	$492,233,742	+0.0%
Net Income	$-159,998,073	$-81,867,964	+1.0%

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

2787

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

$7,066,967

Total Directors

$7,237,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE ADAMS	TRUSTEE	1.00	Director	$0	$0	$0
KENT BISHOP	TRUSTEE/ PRESIDENT - PPG/CMO	1.00	Officer Director	$0	$13,389	$1,466,293
JAMES BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE BRENNER	TRUSTEE	1.00	Director	$0	$0	$0
MARCY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
DAWN BUSKEY	TRUSTEE/CHIEF ACUTE CARE OFFICER	1.00	Director	$0	$14,772	$1,354,936
VICTOR CHERFAN	TRUSTEE/PHYSICIAN - PART YEAR	1.00	Director	$0	$9,094	$634,296
DONALD CRESCENZO	TRUSTEE	1.00	Director	$0	$0	$0
LISA HAWKER	CHAIRPERSON	1.00	Officer Director	$0	$0	$65,000
NANCY KABAT	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA KISSNER	TRUSTEE	1.00	Director	$0	$0	$0
BOB LACLAIR	TRUSTEE	1.00	Director	$0	$0	$42,500
BARRY LUSE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN MERRILL	TRUSTEE/CHIEF MARKETING OFFICER	1.00	Director	$0	$12,669	$540,807
ARTURO POLIZZI	TRUSTEE/CEO	1.00	Officer Director	$0	$14,012	$3,133,332
DAVE SNAVELY	TRUSTEE	1.00	Director	$0	$0	$0
LINDA THIEL	TRUSTEE	1.00	Director	$0	$0	$0
TERRENCE METZGER	TREASURER/CFO	1.00	Officer	$0	$6,610	$1,215,928
STEPHEN SADOWSKI	SECRETARY/CHIEF LEGAL OFFICER	1.00	Officer	$0	$6,038	$1,186,414
KEVIN REINARD	PHYSICIAN	45.00	Highest	$2,271,392	$14,405	$2,285,797
AHMAD ZAKERI	PHYSICIAN	45.00	Highest	$1,832,081	$8,307	$1,840,388
ANIL GUPTA	PHYSICIAN	45.00	Highest	$1,693,246	$9,144	$1,702,390
KRISTOFFER SUGG	PHYSICIAN	45.00	Highest	$1,692,938	$7,107	$1,700,045
HOOMAN HAROONI	PHYSICIAN	45.00	Highest	$1,690,963	$0	$1,690,963

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	$338,343,787	$498,341,860	$129,360,661	$-159,998,073
2023	$410,365,778	$492,233,742	$77,313,351	$-81,867,964
2022	$271,686,777	$352,431,942	$119,710,753	$-80,745,165
2021	$342,138,335	$420,405,491	$488,163,951	$-78,267,156
2020	$274,317,325	$365,492,747	$408,838,419	$-91,175,422

PROMEDICA CENTRAL PHYSICIANS