THE TOLEDO HOSPITAL (EIN 344428256) - 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

1907

Legal Domicile

Principal Officer

TERRENCE METZGER

Phone

4192525772

Tax Period

2023-01-01 to 2023-12-31

THE TOLEDO HOSPITAL, founded in 1907, is a large national nonprofit in the Health Care sector that reported $1.6B in total revenue in fiscal year 2023. Expenses of $1.5B left a modest 8% surplus.

Mission

THE TOLEDO HOSPITAL IS AN ACUTE CARE FACILITY AND THE ADULT TERTIARY FACILITY OF PROMEDICA HEALTH SYSTEM, INC. PROVIDING INPATIENT AND OUTPATIENT HEALTH SERVICES TO THE GENERAL PUBLIC OF NORTHWEST OHIO AND SOUTHEAST MICHIGAN.

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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 $8,006,039

Program Service Revenue $1,559,013,592

Investment Income $3,749,647

Other Revenue $15,277,828

TOTAL REVENUE $1,586,047,106

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,341,475

Fundraising Expenses $0

Program Expenses $1,066,199,465

Other Expenses $981,958,298

TOTAL EXPENSES $1,465,299,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,586,047,106	$1,475,777,502	+0.1%
Expenses	$1,465,299,773	$1,427,482,467	+0.0%
Net Income	$120,747,333	$48,295,035	+1.5%

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

8471

Volunteers

212

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

$6,611,389

Total Directors

$8,544,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON BUERK MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$834,658
AMIR KHAN	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY PACKO	TRUSTEE	1.00	Director	$0	$0	$0
BILL MCDONNELL	CHAIRMAN - PART YEAR	1.00	Director	$0	$0	$0
BRIAN DOLSEY	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$703,046
C MICHAEL SMITH	TRUSTEE	1.00	Director	$0	$0	$0
DARRELL WACHOWIAK	PRESIDENT - FLOWER HOSPITAL	44.00	Officer Director	$241,671	$0	$241,671
DAWN BUSKEY	TRUSTEE/TREASURER	1.00	Officer Director	$0	$5,337	$1,417,737
ERICH WEINLANDER	TRUSTEE	1.00	Director	$0	$0	$0
GREGORY BRAYLOCK	TRUSTEE/VICE PRESIDENT	0.00	Director	$0	$552	$264,964
JACKIE HYLANT BERENZWEIG	TRUSTEE	1.00	Director	$0	$0	$0
JAMES BRENNAN JR	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS ROBICHAUX	TREASURER - PART YEAR	1.00	Officer Director	$0	$0	$0
MARK FOX	TRUSTEE/PARAMEDIC	44.00	Director	$68,019	$6,819	$74,838
MARLON KISER	TRUSTEE - PART YEAR	1.00	Director	$0	$0	$0
NANCY KABAT	CHAIR	1.00	Officer Director	$0	$0	$0
PETE VAVRINEK	TRUSTEE	1.00	Director	$0	$0	$0
RAVI ADUSUMILLI MD	TRUSTEE/PHYSICIAN	1.00	Director	$0	$0	$474,270
RODENY EASON JR	TRUSTEE	1.00	Director	$0	$0	$0
SARA SWISHER	TRUSTEE	1.00	Director	$0	$0	$0
SARAH MCHUGH	TRUSTEE	1.00	Director	$0	$0	$0
STEVE SADOWSKI	TREASURER/CHIEF LEGAL OFFICER	1.00	Officer Director	$0	$6,028	$1,413,208
TERRENCE METZGER	TRUSTEE/CFO	1.00	Officer Director	$0	$4,079	$1,059,169
THADIUS WADSWORTH	SECRETARY	44.00	Officer Director	$352,154	$0	$352,154
THOMAS PADANILAM	TRUSTEE/PHYSICIAN - PART YEAR	1.00	Director	$0	$2,422	$1,708,626
TIMOTHY HUSTED MD	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS WINSTON	TRUSTEE/AUDIT / COMPLIANCE CHAIR	1.00	Director	$0	$0	$0
ARTURO POLIZZI	PRESIDENT AND CEO	1.00	Officer	$0	$5,857	$2,127,450
BRIAN MILLER	VICE PRESIDENT	45.00	Highest	$453,923	$0	$453,923
DARRIN ARQUETTE	PRESIDENT - HOSPITAL	42.00	Highest	$371,858	$0	$371,858
JULIE YAROCH	PRESIDENT - HICKMAN HOSPITAL	44.00	Highest	$390,716	$0	$390,716
MATTHEW HAMMOND	CHIEF OPERATING OFFICER	44.00	Highest	$445,193	$1,619	$446,812
ONDREA WILLIAMS	VICE PRESIDENT	45.00	Highest	$578,723	$0	$578,723
GARY AKENBERGER	CHIEF OPERATING OFFICER-FORMER	0.00		$528,647	$36,639	$565,286
JEFFREY C KUHN	SECRETARY, CHIEF LEGAL OFFICER - FORMER	0.00		$0	$33,822	$755,722
STEVEN M CAVANAUGH	TREASURER, CFO - FORMER	0.00		$0	$995	$1,336,175

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	$1,586,047,106	$1,465,299,773	$1,627,180,659	$120,747,333
2022	$1,475,777,502	$1,427,482,467	$1,558,803,587	$48,295,035
2021	$1,373,600,902	$1,209,964,406	$2,477,516,014	$163,636,496
2020	$1,152,627,936	$1,147,276,947	$2,740,360,333	$5,350,989
2019	$1,142,430,478	$1,084,436,344	$1,926,315,453	$57,994,134
2018	$977,242,260	$888,334,813	$1,915,205,543	$88,907,447

THE TOLEDO HOSPITAL