PROMEDICA CONTINUING CARE SERVICES CORP

EIN: 344492440 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$718,383
Total Expenses
$1,184,959
Total Assets
$12,532,596
Net Assets
$-4,226,501
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1956
Legal Domicile
OH
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2024-01-01 to 2024-12-31

PROMEDICA CONTINUING CARE SERVICES CORP, founded in 1956, is a small nonprofit in the Health Care sector that reported $718K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 65% operating deficit.

Mission

PROMEDICA CONTINUING CARE SERVICES CORPORATION PROVIDES A VARIETY OF NON-ACUTE HEALTH SERVICES TO ALL INDIVIDUALS WITHIN THE COMMUNITY. THESE SERVICES PRIMARILY CONSIST OF RESIDENTIAL SKILLED NURSING AND LONG-TERM CARE, AS WELL AS HOME HEALTH AND INPATIENT/OUTPATIENT HOSPICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $148,589
Other Revenue $569,794
TOTAL REVENUE $718,383

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,063,708
Fundraising Expenses $0
Other Expenses $121,251
TOTAL EXPENSES $1,184,959

Year-over-Year Comparison

2024 2023 Change
Revenue $718,383 $1,123,386 -0.4%
Expenses $1,184,959 $1,372,774 -0.1%
Net Income $-466,576 $-249,388 +0.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
10
Employees
N/A
Volunteers
10

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
5
$6,955,610
Total Directors
17
$7,212,164
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE ADAMS TRUSTEE 1.00
Director
$0 $0 $0
KENT BISHOP TRUSTEE/ PRESIDENT - PPG/CMO 1.00
Director
$0 $13,389 $1,466,293
JAMES BRENNAN TRUSTEE 1.00
Director
$0 $0 $0
KRISTINE BRENNER TRUSTEE 1.00
Director
$0 $0 $0
MARCY BROWN TRUSTEE 1.00
Director
$0 $0 $0
DAWN BUSKEY TRUSTEE/CHIEF ACUTE CARE OFFICER 1.00
Officer Director
$0 $14,772 $1,354,936
VICTOR CHERFAN TRUSTEE/PHYSICIAN - PART YEAR 1.00
Director
$0 $9,094 $634,296
DONALD CRESCENZO TRUSTEE 1.00
Director
$0 $0 $0
LISA HAWKER CHAIRPERSON 1.00
Officer Director
$0 $0 $65,000
NANCY KABAT TRUSTEE 1.00
Director
$0 $0 $0
AMANDA KISSNER TRUSTEE 1.00
Director
$0 $0 $0
BOB LACLAIR TRUSTEE 1.00
Director
$0 $0 $17,500
BARRY LUSE TRUSTEE 1.00
Director
$0 $0 $0
KATHLEEN MERRILL TRUSTEE/CHIEF MARKETING OFFICER 1.00
Director
$0 $12,669 $540,807
ARTURO POLIZZI TRUSTEE/CEO 1.00
Officer Director
$0 $14,012 $3,133,332
DAVE SNAVELY TRUSTEE 1.00
Director
$0 $0 $0
LINDA THIEL TRUSTEE 1.00
Director
$0 $0 $0
TERRENCE METZGER TREASURER/CFO 1.00
Officer
$0 $6,610 $1,215,928
STEPHEN SADOWSKI SECRETARY/CHIEF LEGAL OFFICER 1.00
Officer
$0 $6,038 $1,186,414
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 $718,383 $1,184,959 $12,532,596 $-466,576
2023 $1,123,386 $1,372,774 $38,765,482 $-249,388
2022 $91,049 $925,583 $29,253,318 $-834,534
2021 $-8,674 $358,214 $23,627,149 $-366,888
2020 $136,217 $1,805,815 $29,097,331 $-1,669,598
2019 $36,516,002 $35,997,013 $127,202,322 $518,989
2018 $42,481,553 $39,256,093 $49,941,753 $3,225,460
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