TOLEDO, OH
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Sign In — Free (10 views/day)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.
AS AN INTEGRAL PART OF PROMEDICA HEALTH SYSTEM, INC., WE ARE A VALUABLE COMMUNITY RESOURCE PROVIDING COMPREHENSIVE HEALTH SERVICES WITH EXPERTISE AND COMPASSION, AND IMPROVING THE HEALTH OF THOSE WE SERVE THROUGH PREVENTION, EDUCATION, AND SUPERIOR SERVICE.
THE TOLEDO HOSPITAL (D/B/A PROMEDICA TOLEDO HOSPITAL) IS THE ADULT TERTIARY HOSPITAL OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION...
THE TOLEDO HOSPITAL (D/B/A PROMEDICA TOLEDO HOSPITAL) IS THE ADULT TERTIARY HOSPITAL 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 27 COUNTIES ACROSS NORTHWEST OHIO & SOUTHEAST MICHIGAN & IS ONE OF THE REGIONS LEADING HEALTH SYSTEMS. OUR STEWARDSHIP OF RESOURCES HAS ENABLED US TO WISELY INVEST IN PATIENT-CENTERED CARE, ADVANCED TECHNOLOGY, INNOVATIVE PROGRAMS, & FAMILY-ORIENTED FACILITIES THAT HELP TO ENSURE PATIENTS & AREA RESIDENTS HAVE EQUAL ACCESS TO HIGH-QUALITY, SAFE CARE IN THE MOST APPROPRIATE SETTING, REGARDLESS OF PATIENTS' ABILITY TO PAY. FOR MORE THAN 150 YEARS, PROMEDICA TOLEDO HOSPITAL (TH) HAS SERVED METROPOLITAN TOLEDO & SURROUNDING COMMUNITIES WITH STATE-OF-THE-ART EMERGENCY, MEDICAL, DIAGNOSTIC, & SURGICAL SERVICES. THE 794-BED HOSPITAL OFFERS ACCESS TO THE AREA'S LARGEST BOARD-CERTIFIED MEDICAL STAFF, WITH MORE THAN 1,000 PRIMARY CARE & SPECIALTY PHYSICIANS AS WELL AS ADVANCE PRACTICE PROVIDERS, OFFERING THE LARGEST BOARD-CERTIFIED MEDICAL STAFF IN THE AREA. ADDITIONALLY, TH OFFERS A NUMBER OF KEY SERVICES TO THE METRO-TOLEDO AREA, SUCH AS THE CENTER FOR WOMEN'S HEALTH, WHICH INCLUDES MATERNAL-FETAL MEDICINE FOR HIGH-RISK PREGNANCIES & A LEVEL III PERINATAL UNIT; JOBST VASCULAR INSTITUTE; PROMEDICA BREAST CARE; & A LEVEL I TRAUMA CENTER. OTHER PROGRAMS & SERVICES INCLUDE WELL-ESTABLISHED NEUROSCIENCES, CARDIOVASCULAR & ORTHOPAEDIC DEPARTMENTS, A NATIONALLY RECOGNIZED BARIATRIC PROGRAM, A CERTIFIED COMPREHENSIVE STROKE CENTER, & AN EMERGENCY CENTER THAT TREATS MORE THAN 100,000 PATIENTS ANNUALLY. ALL SERVICES ARE FULLY BACKED BY ACCREDITED ANCILLARY SERVICES, SUCH AS LABORATORY, RADIOLOGY, AS WELL AS PHYSICAL, SPEECH, & OCCUPATIONAL THERAPIES.THE PROMEDICA RUSSELL J. EBEID CHILDREN'S HOSPITAL (ECH) OPERATES AS PART OF TH, PROVIDING PEDIATRIC TERTIARY CARE. ECH EXCLUSIVELY SERVES THE HEALTHCARE NEEDS OF CHILDREN & ADOLESCENTS UNDER THE AGE OF 18. ECH'S MEDICAL STAFF INCLUDES BOARD-CERTIFIED PHYSICIANS & ADVANCE PRACTICE PROVIDERS, WHILE A NEWBORN INTENSIVE CARE UNIT INCLUDES A NEONATAL PHYSICIAN & PEDIATRIC HOSPITALIST WHO ARE ON DUTY 24 HOURS A DAY. OTHER ECH SPECIALTY SERVICES INCLUDE A PEDIATRIC CANCER CENTER, ASTHMA TREATMENT & EDUCATION SERVICES, PEDIATRIC PSYCHIATRY, & A DEDICATED LEVEL II PEDIATRIC TRAUMA CENTER. IN 2023, PROMEDICA TOLEDO HOSPITAL EARNED A FIVE-STAR RATING FROM THE CENTERS FOR MEDICARE & MEDICAID SERVICES (CMS) AS PART OF ITS UPDATED OVERALL HOSPITAL QUALITY STAR RATING. THE TH RECOGNITION WAS EARNED IN A COLLABORATIVE EFFORT WITH PROMEDICA FLOWER & WILDWOOD ORTHOPAEDIC & SPINE HOSPITALS. TH WAS RATED THE NUMBER 1 HOSPITAL IN THE METRO TOLEDO AREA BY U.S. NEWS & WORLD REPORT & IS ONE OF AMERICA'S 50 BEST HOSPITALS BY HEALTHGRADES, WHICH PUTS PROMEDICA TOLEDO HOSPITAL IN THE TOP 1% OF HOSPITALS NATIONWIDE FOR OVERALL CLINICAL PERFORMANCE ACROSS THE MOST COMMON CONDITIONS & PROCEDURES. IN 2023, PROMEDICA TOLEDO & EBEID CHILDREN'S HOSPITALS CONTINUED ITS PARTNERSHIP WITH LUCAS COUNTY HEALTH DEPARTMENT, WIC & OTHER PARTNERS IN SUPPORT OF MATERNAL & INFANT HEALTH OUTCOMES. THESE PARTNERSHIPS IMPROVE ACCESS TO RESOURCES & EDUCATION PROVIDED BY THE HELP ME GROW, PATHWAYS, & SAFE SLEEP CRIB PROGRAMS. AS A RESULT, COMMUNITY MEMBERS HAVE IMPROVED ACCESS TO KNOWLEDGE, TOOLS, & SKILL BUILDING OPPORTUNITIES. THESE PROGRAMS PROVIDE ASSESSMENTS OF CRIBS, CAR SEATS, DISTRIBUTE SLEEP SACKS, & DIRECT CONTACT TO WIC BREASTFEEDING COUNSELORS. PROMEDICA FLOWER HOSPITAL (FH), A DIVISION OF TH, IS A 315-BED FACILITY IN SYLVANIA, OHIO, WHICH PROVIDES EXTENSIVE HEALTHCARE SERVICES INCLUDING EMERGENCY MEDICINE, INPATIENT REHABILITATION, SURGICAL SERVICES, CARDIAC & PULMONARY REHABILITATION, LABOR & DELIVERY, INPATIENT ONCOLOGY CARE, OUTPATIENT ONCOLOGY SERVICES THROUGH THE HICKMAN CANCER CENTER, & A FULL RANGE OF DIAGNOSTIC, LABORATORY & RADIOLOGY SERVICES. FH ALSO HOUSES THE LARGEST ADULT INPATIENT PSYCHIATRIC UNIT IN NORTHWEST OHIO & SOUTHEAST MICHIGAN.IN 2023, FH COMPLETED A RENOVATION OF ITS OPERATING ROOMS TO IMPROVE ACCESS TO ENDOSCOPY PROCEDURES & SURGICAL PROCEDURES COMPLETED BY DAVINCI ROBOT. TWO NEW MRI UNITS WERE INSTALLED TO EXPAND ACCESS TO MRI SERVICES FOR THE COMMUNITY. PROMEDICA WILDWOOD ORTHOPAEDIC & SPINE HOSPITAL (WOSH), ALSO A DIVISION OF TH, IS AN ALL-DIGITAL, 42-BED ACUTE CARE FACILITY THAT PROVIDES INPATIENT & OUTPATIENT ORTHOPAEDIC SURGERY TO ADDRESS THE NEEDS OF AGING BABY BOOMERS & OTHERS WHO EXPERIENCE CHRONIC PAIN FROM JOINT DISEASE. THIS UNIQUE, FREE-STANDING HOSPITAL SERVES ONLY ORTHOPAEDIC & SPINE PATIENTS, OFFERING DIAGNOSTIC, SURGICAL & REHABILITATION SERVICES ALL IN ONE CONVENIENT & EASILY ACCESSIBLE LOCATION. IN 2023, TH SERVED 36,790 INPATIENTS; 632,632 OUTPATIENTS; & 122,491 EMERGENCY CENTER PATIENTS. TH CONTRIBUTED $350,337,000 IN COMMUNITY BENEFIT THROUGH COMMUNITY BENEFIT EXPENDITURES, FINANCIAL ASSISTANCE & GOVERNMENT-SPONSORED, MEANS-TESTED HEALTH CARE.THROUGH COMMUNITY HEALTH SERVICES, HEALTH PROFESSIONS EDUCATION, SUBSIDIZED HEALTH SERVICES, RESEARCH ACTIVITIES, CASH & IN-KIND CONTRIBUTIONS, & OTHER COMMUNITY BENEFIT OPERATIONS, TH CONTRIBUTED $55,087,000 TO THE COMMUNITY DURING 2023. INCLUDED IN THIS FIGURE ARE PROGRAMS SUCH AS: -THE COME TO THE TABLE INITIATIVE THAT PROVIDES 24 HOURS' WORTH OF FOOD TO PATIENTS WHO QUALIFY FOR FOOD INSECURITY BY COMPLETING A QUESTIONNAIRE UPON DISCHARGE FOLLOWING AN INPATIENT STAY. -THE AUTISM COLLABORATIVE, A COLLABORATION BETWEEN ECH & LOCAL AUTISM ORGANIZATIONS & UNIVERSITIES TO PROVIDE EXPERT KNOWLEDGE & SERVICES UNDER ONE UMBRELLA ORGANIZATION, ALLOWING THOSE WITH AUTISM & THEIR FAMILIES TO RESEARCH & FIND THE BEST POSSIBLE CARE.-SUPPORT GROUPS FOR PATIENTS' FAMILIES TO ASSIST WITH MANAGING CHRONIC DISEASE & TO OFFER SOCIAL SERVICES INFORMATION.-WITH THE GOAL OF IMPROVING INFANT MORTALITY RATES IN OUR REGION, A NURSING MOTHERS SUPPORT GROUP IS OFFERED AT NO CHARGE THROUGHOUT THE YEAR.-THE TEEN PEP (PEERS EDUCATING PEERS) PROGRAM PARTNERS WITH LOCAL SCHOOLS TO PROVIDE VIOLENCE PREVENTION EDUCATION TO SCHOOL AGED CHILDREN & YOUTH. THE PROGRAM PROVIDES MENTORSHIP & ENCOURAGES TEENS TO CHOOSE HEALTHY TEEN DATING RELATIONSHIPS, INCREASE KINDNESS, REDUCE BULLYING, PROMOTE MENTAL HEALTH, & PREVENT SEXUAL VIOLENCE.-THE INJURY PREVENTION PROGRAM PARTNERS WITH ECH EMERGENCY DEPARTMENT TO DISTRIBUTES FREE GUN LOCKS & PROVIDE EDUCATION ON HOW TO STORE FIREARMS SAFELY VIA PEDIATRIC EMERGENCY DEPARTMENT SCREENING & ENCOUNTERS.-THE INJURY PREVENTION & COMMUNITY OUTREACH DEPARTMENT PROVIDES FREE CAR SEAT EDUCATION & INSTALLATION TO FAMILIES NEEDING ASSISTANCE, BOTH IN THE HOSPITAL SETTING & OUT IN THE COMMUNITY. IN 2023, WE DISTRIBUTED 122 FREE OR REDUCED-COST CONVENTIONAL CAR SEATS & 63 ADAPTIVE NEEDS CAR SEATS (IN-HOUSE TO PATIENTS). IN ADDITION, WE ALSO DISTRIBUTED 509 FREE OR REDUCED-COST CAR SEATS & CHECKED 274 CAR SEATS FOR PROPER USE (AT CAR SEAT CLINICS & EVENTS IN THE COMMUNITY).-ECH IS THE LEAD AGENCY FOR SAFE KIDS GREATER TOLEDO, A COMMUNITY COALITION DEDICATED TO PREVENTING UNINTENTIONAL INJURY & DEATH TO CHILDREN. WE COLLABORATE WITH 100 MEMBERS FROM 52 ORGANIZATIONS & PROVIDE EDUCATION & SAFETY DEVICES SUCH AS BIKE HELMETS, LIFE JACKETS, SMOKE ALARMS, CO DETECTORS, HOME SAFETY ITEMS, & CAR SEATS.-THE PATHWAYS PROGRAM UTILIZES COMMUNITY HEALTH WORKERS TO IMPROVE BIRTH OUTCOMES & REDUCE INFANT MORTALITY BY EDUCATING HIGH RISK, LOW INCOME, MOTHERS ABOUT THE IMPORTANCE OF SAFE SLEEP, BREASTFEEDING & REGULAR PRENATAL CHECKS TO REDUCE INFANT MORTALITY.-THE HELP ME GROW HOME VISITATION PROGRAM PROVIDES PARENT EDUCATION & RESOURCES TO SUPPORT FIRST TIME & LOW-INCOME FAMILIES VIA HEALTHY FAMILIES AMERICA & GROWING GREAT KIDS CURRICULUM & ACTIVITIES. THIS PROGRAM HAS BEEN PROVEN EFFECTIVE AT REDUCING CHILD ABUSE.-VIRTUAL PREPARATION FOR PARENTHOOD CLASSES THAT HELP PREPARE EXPECTANT PARENTS FOR A HEALTHY LABOR & DELIVERY, & OFFER INFANT SAFETY TIPS, AS WELL AS NEW MOTHER CARE & HEALTHY BABY EDUCATION.-FREE SCREENING MAMMOGRAMS & BREAST CARE EDUCATION THAT EMPHASIZES THE IMPORTANCE OF ROUTINE SELF-BREAST EXAMS FOR UNINSURED & UNDERINSURED WOMEN IN THE TOLEDO AREA.-IN-KIND DONATIONS & GENERAL CONTRIBUTIONS, WHICH SUPPORT LOCAL NON-PROFIT ORGANIZATIONS WITH SIMILAR VALUES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare THE TOLEDO HOSPITAL with other nonprofits in Ohio and across the country.