PROMEDICA PHYSICIAN GROUP (EIN 341899439) - 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

1999

Legal Domicile

Principal Officer

TERRENCE METZGER

Phone

4192525772

Tax Period

2023-01-01 to 2023-12-31

PROMEDICA PHYSICIAN GROUP, founded in 1999, is a community nonprofit in the Health Care sector that reported $9.8M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $17.2M exceeded revenue, resulting in a 75% operating deficit.

Mission

PROMEDICA PHYSICIAN GROUP 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,846,271

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,846,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,046,765

Fundraising Expenses $0

Other Expenses $2,166,135

TOTAL EXPENSES $17,212,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,846,271	$19,998,791	-0.5%
Expenses	$17,212,900	$10,672,384	+0.6%
Net Income	$-7,366,629	$9,326,407	-1.8%

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

307

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
KENT BISHOP	TRUSTEE/PRESIDENT	1.00	Director	$0	$4,120	$1,441,883
DAWN BUSKEY	TRUSTEE/PRESIDENT	1.00	Director	$0	$5,337	$1,417,737
DONALD CRESCENZO	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$918,456
VICTOR CHERFAN	TRUSTEE/PHYSICIAN	1.00	Director	$659,149	$0	$659,149
LISA MILLER	TRUSTEE	1.00	Director	$0	$4,657	$95,170
ROBERT LACLAIR	TRUSTEE	1.00	Director	$0	$0	$30,000
LISA HAWKER	TRUSTEE	1.00	Director	$0	$0	$40,000
ALEX GERKEN	TRUSTEE	1.00	Director	$0	$0	$0
AMANDA KISSNER	TRUSTEE	1.00	Director	$0	$0	$0
BARRY LUSE	TRUSTEE	1.00	Director	$0	$0	$0
BILL MCDONNELL	TRUSTEE	1.00	Director	$0	$0	$0
DAVE SNAVELY	TRUSTEE	1.00	Director	$0	$0	$0
EVON EBEID	TRUSTEE	1.00	Director	$0	$0	$0
JIM BRENNAN	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN MERRILL	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN PIROZEK	TRUSTEE	1.00	Director	$0	$0	$0
KRISTINE BRENNER	TRUSTEE	1.00	Director	$0	$0	$0
LAURA KLINE	TRUSTEE	1.00	Director	$0	$0	$0
LINDA THIEL	TRUSTEE	1.00	Director	$0	$0	$0
MARCY BROWN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY KABAT	TRUSTEE	1.00	Director	$0	$0	$0
SUE VANISACKER	TRUSTEE	1.00	Director	$0	$0	$0
TIM BUBLICK	TRUSTEE	1.00	Director	$0	$0	$0
ARTURO POLIZZI	PRESIDENT AND CEO	1.00	Officer	$0	$5,857	$2,127,450
STEVE SADOWSKI	SECRETARY/CHIEF LEGAL OFFICER	1.00	Officer	$0	$6,028	$1,413,208
TERRENCE METZGER	TREASURER/CFO	1.00	Officer	$0	$4,079	$1,059,169
LOUIS ROBICHAUX	TREASURER/CFO - PART YEAR	1.00	Officer	$0	$0	$0
RICCARDO GIOVANNONE	PHYSICIAN	45.00	Highest	$758,447	$8,209	$766,656
SAMANTHA MUCHA	PHYSICIAN	45.00	Highest	$740,292	$9,906	$750,198
WILIAM DECKER	PHYSICIAN	45.00	Highest	$588,864	$12,994	$601,858
MICHAEL DIMENT	PHYSICIAN	45.00	Highest	$578,864	$2,202	$581,066
DAVID DIEP	PHYSICIAN	45.00	Highest	$531,218	$1,248	$532,466
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	$9,846,271	$17,212,900	$18,588,696	$-7,366,629
2022	$19,998,791	$10,672,384	$18,501,041	$9,326,407
2021	$18,767,298	$9,743,352	$16,904,677	$9,023,946
2020	$86,552,564	$83,294,409	$47,274,444	$3,258,155
2019	$415,908,410	$506,060,984	$207,227,787	$-90,152,574
2018	$487,202,451	$473,353,849	$99,411,166	$13,848,602

PROMEDICA PHYSICIAN GROUP