PROMEDICA CENTRAL PHYSICIANS

EIN: 341881137 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$338,343,787
Total Expenses
$498,341,860
Total Assets
$129,360,661
Net Assets
$55,241,065
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
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

AS AN INTEGRAL PART OF PROMEDICA HEALTH SYSTEM, INC., WE WILL BE THE PREMIER COMMUNITY-BASED MANAGEMENT SERVICES ORGANIZATION AND PROVIDER OF RELATED HEALTHCARE SERVICES FOR 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: $498,119,704 Revenue: $338,712,493

SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN, PROMEDICA CENTRAL PHYSICIANS, A SUBSIDIARY OF PROMEDICA PHYSICIAN GROUP (PPG), OFFERS A LARGE SELECTION OF PHYSICIANS AND...

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SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN, PROMEDICA CENTRAL PHYSICIANS, A SUBSIDIARY OF PROMEDICA PHYSICIAN GROUP (PPG), OFFERS A LARGE SELECTION OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS WHO PROVIDE MEDICAL CARE AND OTHER HEALTHCARE SERVICES VIA AN INTEGRATED APPROACH THROUGH WHICH THEY COLLABORATE WITH OTHER PROVIDERS. THIS INTEGRATED DELIVERY IS MORE COST-EFFECTIVE THAN TRADITIONAL DELIVERY SYSTEMS AND HELPS TO ENSURE PATIENTS HAVE BETTER ACCESS TO CARE IN THE MOST APPROPRIATE SETTING. PPG AND ITS SUBSIDIARIES ARE PART OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN TOLEDO, OHIO, PROMEDICA SERVES 17 STATES ACROSS THE COUNTRY AND IS ONE OF THE NATION'S LEADING HEALTH SYSTEMS. OUR STEWARDSHIP OF RESOURCES HAS ENABLED US TO WISELY INVEST IN PATIENT-CENTERED CARE, ADVANCED TECHNOLOGY, INNOVATIVE PROGRAMS, AND FAMILY-ORIENTED FACILITIES THAT HELP TO ENSURE PATIENTS AND AREA RESIDENTS HAVE EQUAL ACCESS TO HIGH-QUALITY, SAFE CARE IN THE MOST APPROPRIATE SETTING, REGARDLESS OF PATIENTS' ABILITY TO PAY. PPG'S WELL-EQUIPPED PROVIDER FACILITIES ARE LOCATED IN APPROXIMATELY 220 LOCATIONS, AND ITS NETWORK IS COMPRISED OF MORE THAN 1300 HEALTHCARE PROVIDERS CERTIFIED IN MORE THAN 50 SPECIALTIES, INCLUDING ANESTHESIOLOGY, BARIATRICS, CARDIOLOGY, CRITICAL CARE, ENT, FAMILY MEDICINE, GASTROENTEROLOGY, GENERAL SURGERY, HEMATOLOGY-ONCOLOGY, HOSPITALISTS, INTERNAL MEDICINE, NEUROLOGY AND NEUROSURGERY, OBSTETRICS/GYNECOLOGY, OCCUPATIONAL MEDICINE, OPHTHALMOLOGY, ORTHOPAEDIC SURGERY, PEDIATRIC CARDIOLOGY, PEDIATRIC CRITICAL CARE MEDICINE, PEDIATRICS, PSYCHIATRY, SPORTS CARE, SURGICAL ONCOLOGY, UROLOGY, AND VASCULAR MEDICINE. PPG AND ITS SUBSIDIARIES CONDUCTED APPROXIMATELY 2.7 MILLION PATIENT ENCOUNTERS IN 2024. ADDITIONALLY, PPG PRIMARY CARE PRACTICES NOW SCREEN FOR 6 DIFFERENT SOCIAL DETERMINANTS SCREENS FOR AREAS SUCH AS FOOD INSECURITY, FINANCIAL STRAIN, HOUSING, TRANSPORTATION, INTERPERSONAL VIOLENCE. AND UTILITIES. PATIENTS SCREENING POSITIVE ARE CONNECTED TO COMMUNITY RESOURCES TO IMPROVE HEALTH AND WELL-BEING. PCP PROVIDED A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE TO THE COMMUNITY DURING 2024, OF WHICH $3,406,000 REPRESENTED UNCOMPENSATED AMOUNTS FOR TREATMENT OF PATIENTS WHO DID NOT HAVE THE FINANCIAL RESOURCES TO PAY FOR HOSPITAL SERVICES. FINANCIAL ASSISTANCE REPRESENTS THE COST TO PROVIDE SERVICE AND DOES NOT INCLUDE THE COSTS FOR ACCOUNTS WRITTEN OFF TO BAD DEBT FOR PATIENTS WHO DO NOT PAY THEIR BILLS. ITS COST OF BAD DEBT FOR 2024 TOTALED $7,572,000. DURING 2024, PCP EXPENDED $348,078,000 IN NET PAYROLL, PROVIDING 1,988 JOBS. A TOTAL OF $15,464,000 WAS WITHHELD FROM EMPLOYEES IN STATE AND LOCAL TAXES.IN SUMMARY, PPG AND ITS SUBSIDIARIES DEMONSTRATE THEIR 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, PROMEDICA PROVIDES THESE HEALTHCARE SERVICES; RECRUITS AND TRAINS HEALTHCARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDES APPROPRIATE FINANCIAL ASSISTANCE; OFFERS SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENTS FREE EDUCATIONAL CLASSES, HEALTH FAIRS AND OTHER ACTIVITIES TO OUR LOCAL COMMUNITY TO HELP ENSURE ALL MEMBERS HAVE EQUAL ACCESS TO CARE.

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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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
10
Employees
2787
Volunteers
10

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
$7,066,967
Total Directors
17
$7,237,164
Key Employees
0
$0
Highest Compensated
5
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
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