PROMEDICA PHYSICIAN GROUP

EIN: 341899439 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$9,846,271
Total Expenses
$17,212,900
Total Assets
$18,588,696
Net Assets
$16,995,131
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
OH
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

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: $0 Revenue: $9,846,271

SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN, PROMEDICA PHYSICIAN GROUP (PPG) AND ITS SUBSIDIARIES OFFER A LARGE SELECTION OF PHYSICIANS AND ADVANCED PRACTICE PROVIDERS...

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SERVING INDIVIDUALS AND FAMILIES IN NORTHWEST OHIO AND SOUTHEAST MICHIGAN, PROMEDICA PHYSICIAN GROUP (PPG) AND ITS SUBSIDIARIES OFFER 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 IS 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 28 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 PHYSICIAN FACILITIES ARE LOCATED IN APPROXIMATELY 200 LOCATIONS, AND ITS NETWORK IS COMPRISED OF MORE THAN 1,200 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, ORTHOPEDIC SURGERY, PEDIATRIC CARDIOLOGY, PEDIATRIC CRITICAL CARE MEDICINE, PEDIATRICS, PSYCHIATRY, SPORTS CARE, SURGICAL ONCOLOGY, UROLOGY, AND VASCULAR MEDICINE. PPG CONDUCTED APPROXIMATELY 2 MILLION PATIENT ENCOUNTERS IN 2023. ADDITIONALLY, PPG PRIMARY CARE PRACTICES NOW SCREEN FOR 5 DIFFERENT SOCIAL DETERMINANTS SCREENS FOR AREAS SUCH AS FOOD INSECURITY, FINANCIAL, TRANSPORTATION, AND UTILITIES. PATIENTS SCREENING POSITIVE ARE CONNECTED TO COMMUNITY RESOURCES TO IMPROVE HEALTH AND WELL-BEING.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 (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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Governance

Voting Members
23
Independent Members
19
Employees
307
Volunteers
18

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
$4,599,827
Total Directors
23
$4,602,395
Key Employees
0
$0
Highest Compensated
5
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
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