THE TOLEDO HOSPITAL

EIN: 344428256 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$1,586,047,106
Total Expenses
$1,465,299,773
Total Assets
$1,627,180,659
Net Assets
$-518,067,681
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Financial Trends

Organization Details

Formation Year
1907
Legal Domicile
OH
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

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.

Program Service Accomplishments

Program 1
Expenses: $1,066,199,465 Revenue: $1,558,816,701

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...

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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.

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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 $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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Governance

Voting Members
23
Independent Members
15
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
8
$6,611,389
Total Directors
27
$8,544,341
Key Employees
0
$0
Highest Compensated
5
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
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