MEMORIAL HOSPITAL

EIN: 344430849 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$93,890,973
Total Expenses
$78,843,430
Total Assets
$59,012,522
Net Assets
$17,347,136
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Financial Trends

Organization Details

Formation Year
1918
Legal Domicile
OH
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2023-01-01 to 2023-12-31

MEMORIAL HOSPITAL, founded in 1918, is a mid-sized nonprofit in the Health Care sector that reported $93.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $15.0M, a strong 16% operating margin.

Mission

OUR MISSION IS TO CONTINUALLY IMPROVE THE HEALTH AND QUALITY OF LIFE OF THE INDIVIDUALS AND FAMILIES IN THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1
Expenses: $55,503,406 Revenue: $91,920,546

MEMORIAL HOSPITAL (D/B/A PROMEDICA MEMORIAL HOSPITAL) IS A MEMBER OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON...

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MEMORIAL HOSPITAL (D/B/A PROMEDICA MEMORIAL HOSPITAL) IS A MEMBER 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. A 100-BED HOSPITAL IN FREMONT, OHIO, PROMEDICA MEMORIAL HOSPITAL (MH) PROVIDES EXTENSIVE HEALTHCARE SERVICES SUCH AS EMERGENCY MEDICINE; SURGICAL SERVICES; OUTPATIENT PHYSICAL REHABILITATION; HEART, VASCULAR AND PULMONARY CARE; LABOR AND DELIVERY; MENTAL HEALTH SERVICES; A WOUND CARE CLINIC, AND A FULL RANGE OF LABORATORY AND RADIOLOGY SERVICES. THE DOROTHY L. KERN CANCER CENTER ,ON THE CAMPUS OF MH, EXPANDS CANCER CARE TO PATIENTS IN THE FREMONT, OHIO, AREA. THE CANCER CENTER OFFERS OUTPATIENT RADIATION, CHEMOTHERAPY, AND INFUSION SERVICES AS WELL AS COMPLEMENTARY SERVICES SUCH AS GENETIC TESTING AND COUNSELING, HEALING CARE, AND SURVIVORSHIP CARE PLANNING. MH ALSO IS A DESIGNATED LUNG CANCER SCREENING CENTER BY THE AMERICAN COLLEGE OF RADIOLOGY. MH IS ALSO DESIGNATED AS A NURSES IMPROVING CARE FOR HEALTH SYSTEM ELDERS (NICHE). THE NICHE PROGRAM IS DESIGNED TO HELP IMPROVE CARE FOR PATIENTS THAT ARE 65 YEARS AND OLDER THROUGH RESEARCH AND IMPLEMENTATION SPECIFIC INDUSTRY BEST PRACTICES. IN 2023, MH RECEIVED AN 'A' RATING FROM THE LEAPFROG GROUP FOR PROTECTING PATIENTS FROM ERRORS, INJURIES, ACCIDENTS AND INFECTIONS. MH ALSO WAS RECOGNIZED BY CENTERS FOR MEDICARE AND MEDICAID (CMS) WITH A FIVE STAR RATING FOR OUTCOMES IN MORTALITY, SAFETY, READMISSIONS, PATIENT EXPERIENCE, AND TIMELY AND EFFECTIVE CARE. MH ALSO WAS RECOGNIZED BY BECKER'S HOSPITAL REVIEW AS ONE OF ITS TOP 100 RURAL & COMMUNITY HOSPITALS, BY STATE, BASED ON INPATIENT AND OUTPATIENT MARKET SHARE AS WELL AS QUALITY OUTCOMES, PATIENT EXPERIENCE, COSTS AND FINANCIAL EFFICIENCY.IN 2023, MH SERVED 1,580 INPATIENTS AND 80,468 OUTPATIENTS. FURTHER, 19,834 INDIVIDUALS SOUGHT EMERGENCY CARE AT MH. THE HOSPITAL CONTRIBUTED $13,934,000 IN COMMUNITY BENEFIT THROUGH COMMUNITY BENEFIT EXPENDITURES, AND GOVERNMENT-SPONSORED, MEANS-TESTED HEALTH CARE.THROUGH COMMUNITY HEALTH SERVICES, COMMUNITY BENEFIT OPERATIONS, HEALTH PROFESSIONS EDUCATION, SUBSIDIZED HEALTH SERVICES, RESEARCH, AND CASH AND IN-KIND CONTRIBUTIONS, MH CONTRIBUTED $382,000 TO THE COMMUNITY DURING 2023. INCLUDED IN THIS FIGURE ARE PROGRAMS AND EVENTS SUCH AS: -USE APPROVED AND FUNDED RESOURCES FROM SUSAN G. KOMEN TO PROVIDE BREAST EXAMS AND MAMMOGRAMS.-PROVIDING CARE PACKAGES AND HOMEMADE COOKIES FROM NUTRITION SERVICES TO PATIENTS RECEIVING CARE THROUGH HOSPICE, HOME HEALTH, DIALYSIS, MOBILE MEALS, THE CANCER CENTER, AND PAIN CLINIC AS WELL AS SEVERAL SENIOR HOUSING COMMUNITIES. - PARTNERSHIP WITH STACEY PLACE AND GREAT LAKES COMMUNITY ACTION PARTNERSHIP TO PROVIDE COMMUNITY MEMBERS WITH EDUCATION ABOUT COOKING HEALTHY RECIPES. THIS EVENT DISTRIBUTED FOOD SCALES AND INFORMATION ABOUT HOW TO READ NUTRITION LABELS FOR PARTICIPANTS. MH PROVIDED A SIGNIFICANT AMOUNT OF FINANCIAL ASSISTANCE DURING 2023, OF WHICH $3,391,000 REPRESENTED UNCOMPENSATED AMOUNTS FOR TREATMENT TO THOSE PATIENTS WHO DID NOT HAVE THE FINANCIAL RESOURCES TO PAY FOR HOSPITAL SERVICES. FINANCIAL ASSISTANCE REPRESENTS THE COST TO PROVIDE SERVICE AND DOES NOT INCLUDE THE COSTS FOR ACCOUNTS WRITTEN OFF TO BAD DEBT FOR PATIENTS WHO DO NOT PAY THEIR BILLS. MH COST OF BAD DEBT FOR 2023 WAS $3,688,000 . THIS AMOUNT IS NOT INCLUDED IN THE COMMUNITY BENEFIT AMOUNT OF $13,934,000 NOTED ABOVE.FURTHERMORE, MH PROVIDED $1,307,000 OF COMMUNITY BENEFIT THROUGH COSTS - NOT REIMBURSED BY THE GOVERNMENT - FOR TREATING MEDICAID PATIENTS. MH EXPENDED $21,432,000 IN NET PAYROLL, PROVIDING 403 JOBS IN NORTHWEST OHIO IN 2023. A TOTAL OF $1,235,000 WAS WITHHELD FROM HOSPITAL EMPLOYEES IN STATE AND LOCAL TAXES.IN SUMMARY, MH DEMONSTRATES PROMEDICA'S 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, WE PROVIDE THESE HEALTHCARE SERVICES; RECRUIT AND TRAIN HEALTHCARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDE APPROPRIATE FINANCIAL ASSISTANCE; OFFER SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENT 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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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $942,869
Program Service Revenue $91,920,546
Investment Income $329,040
Other Revenue $698,518
TOTAL REVENUE $93,890,973

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,334,366
Fundraising Expenses $0
Program Expenses $55,503,406
Other Expenses $54,509,064
TOTAL EXPENSES $78,843,430

Year-over-Year Comparison

2023 2022 Change
Revenue $93,890,973 $86,272,614 +0.1%
Expenses $78,843,430 $80,955,481 0.0%
Net Income $15,047,543 $5,317,133 +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
24
Independent Members
15
Employees
414
Volunteers
103

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
$4,867,197
Total Directors
26
$4,817,512
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SADOWSKI SECRETARY/CHIEF LEGAL OFFICER 1.00
Officer Director
$0 $6,028 $1,413,208
TERRENCE METZGER TRUSTEE/TREASURER 1.00
Officer Director
$0 $4,079 $1,059,169
MICHAEL GRILLIS TRUSTEE/PHYSICIAN 1.00
Director
$0 $5,646 $635,653
DAVID SOMMERS MD TRUSTEE/PHYSICIAN 1.00
Director
$0 $0 $456,442
IRACEMA AREVALO MD TRUSTEE/PHYSICIAN - PART YEAR 1.00
Director
$0 $5,857 $354,332
JAMES WILLIAMS MD PHD TRUSTEE/PHYSICIAN 1.00
Director
$0 $4,687 $269,745
JODI RUCKER TRUSTEE/PRESIDENT 1.00
Officer Director
$0 $3,717 $267,370
DASA DZIERWA TRUSTEE/ASSOCIATE VP, NON CLINICAL 1.00
Director
$0 $2,796 $196,857
LISA DAVIS MD MBA TRUSTEE/PHYSICIAN 1.00
Director
$0 $0 $164,736
BARRY LUSE CHAIRMAN 1.00
Officer Director
$0 $0 $0
LOUIS ROBICHAUX TREASURER - PART YEAR 1.00
Officer Director
$0 $0 $0
VINCE MILITELLO TRUSTEE 1.00
Director
$0 $0 $0
PAUL HERSHEY TRUSTEE 1.00
Director
$0 $0 $0
ROBERT GROSS TRUSTEE 1.00
Director
$0 $0 $0
ROBIN RICHTER TRUSTEE 1.00
Director
$0 $0 $0
ROGER KUNS TRUSTEE 1.00
Director
$0 $0 $0
RONALD M SCHUMACHER EDD TRUSTEE 1.00
Director
$0 $0 $0
SCOTT LANG TRUSTEE 1.00
Director
$0 $0 $0
SCOTT MILLER TRUSTEE 1.00
Director
$0 $0 $0
ANTHONY RUSHER MD TRUSTEE 1.00
Director
$0 $0 $0
JOSEPH LISZAK III TRUSTEE 1.00
Director
$0 $0 $0
BETHANY BROWN TRUSTEE 1.00
Director
$0 $0 $0
JULIE CHUDZINSKI TRUSTEE 1.00
Director
$0 $0 $0
CHRISTIAN MOORE TRUSTEE 1.00
Director
$0 $0 $0
JIM NORTH MD TRUSTEE 1.00
Director
$0 $0 $0
KRISTIE BILGER TRUSTEE 1.00
Director
$0 $0 $0
ARTURO POLIZZI PRESIDENT AND CEO 1.00
Officer
$0 $5,857 $2,127,450
RANDAL KOCH DIRECTOR OF PHARMACY 45.00
Highest
$165,116 $5,022 $170,138
MARLO MAYLE NURSING ADMIN SUPERVISOR 45.00
Highest
$154,338 $7,062 $161,400
NATHAN PERKINS ASSOCIATE VP CLINICAL 45.00
Highest
$149,419 $3,781 $153,200
CATHY DULL NURSE MANAGER 45.00
Highest
$144,779 $4,364 $149,143
PATRICIA BEASCHLER PHARMACIST 45.00
Highest
$146,135 $1,665 $147,800
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 CHIEF OFFICER - 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 $93,890,973 $78,843,430 $59,012,522 $15,047,543
2022 $86,272,614 $80,955,481 $65,046,432 $5,317,133
2021 $76,771,960 $66,925,414 $63,634,005 $9,846,546
2020 $70,540,192 $64,048,774 $66,055,660 $6,491,418
2019 $70,448,701 $64,042,028 $120,404,973 $6,406,673
2018 $68,737,040 $60,086,296 $103,849,310 $8,650,744
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