MERCY MEMORIAL HOSPITAL CORPORATION

EIN: 381984289 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$164,898,662
Total Expenses
$172,776,811
Total Assets
$92,479,483
Net Assets
$63,316,800
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MI
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2023-01-01 to 2023-12-31

MERCY MEMORIAL HOSPITAL CORPORATION, founded in 1971, is a major nonprofit in the Health Care sector that reported $164.9M in total revenue in fiscal year 2023.

Mission

WE PROVIDE HIGH QUALITY, COMPREHENSIVE SERVICES TO THE PEOPLE AND COMMUNITY WE SERVE.

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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 $517,749
Program Service Revenue $160,698,753
Investment Income $-290,142
Other Revenue $3,972,302
TOTAL REVENUE $164,898,662

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $62,718,428
Fundraising Expenses $0
Program Expenses $134,705,507
Other Expenses $110,054,383
TOTAL EXPENSES $172,776,811

Year-over-Year Comparison

2023 2022 Change
Revenue $164,898,662 $165,495,818 0.0%
Expenses $172,776,811 $180,040,177 0.0%
Net Income $-7,878,149 $-14,544,359 -0.5%
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

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Governance

Voting Members
18
Independent Members
10
Employees
1238
Volunteers
93

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
$5,172,006
Total Directors
28
$5,268,471
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
KEVIN SHARP TRUSTEE/VICE PRESIDENT 1.00
Director
$0 $4,120 $513,316
DEE BIALECKI-HAASE MD TRUSTEE/CMO 1.00
Director
$0 $1,363 $524,114
KENNETH MCNAMEE MD TRUSTEE/PHYSICIAN 1.00
Director
$0 $5,858 $654,349
DARRIN ARQUETTE TRUSTEE/PRESIDENT 1.00
Director
$0 $5,022 $365,341
ANTHONY MELONKOS MD TRUSTEE - PART YEAR 1.00
Director
$0 $10,390 $384,349
CHRISTI ANSBERG TRUSTEE/VP PHILANTHROPY 1.00
Director
$0 $0 $236,562
THOMAS MYERS TRUSTEE/ASSOCIATE VP, NON CLINICAL 1.00
Director
$0 $2,526 $118,063
CELESTE BATCHEV MD TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
DAVID KUBISKE PE TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
FLORENCE BUCHANAN TRUSTEE 1.00
Director
$0 $0 $0
GREGORY A APPLIN TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
GREGORY REINHOLD DO TRUSTEE 1.00
Director
$0 $0 $0
INDERPAL K DEOL TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
JAMES PEACE TRUSTEE 1.00
Director
$0 $0 $0
JULIE EVERLY PHD TRUSTEE 1.00
Director
$0 $0 $0
KEITH P MASSERANT TRUSTEE 1.00
Director
$0 $0 $0
KOJO QUARTEY TRUSTEE 1.00
Director
$0 $0 $0
KRISTIN IRWIN TRUSTEE 1.00
Director
$0 $0 $0
KRISTINE BRENNER CHAIRMAN - PART YEAR 1.00
Officer Director
$0 $0 $0
LOUIS ROBICHAUX TREASURER - PART YEAR 1.00
Officer Director
$0 $0 $0
MOLLY LUEMPERT-COY TRUSTEE 1.00
Director
$0 $0 $0
PAUL C LAMARRE TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
STEPHEN J MCNEW EDD TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
SUE VANISACKER TRUSTEE 1.00
Director
$0 $0 $0
SUE WETZEL TRUSTEE - PART YEAR 1.00
Director
$0 $0 $0
TIMOTHY C LAKE TRUSTEE 1.00
Director
$0 $0 $0
ARTURO POLIZZI PRESIDENT AND CEO 1.00
Officer
$0 $5,857 $2,127,450
GARY AKENBERGER SR VP FINANCE - FORMER 0.00
Officer
$0 $43,532 $572,179
TODD COSTLOW PHARMACIST 45.00
Highest
$180,628 $7,106 $187,734
JENNIFER SELL DIRECTOR OF PHARMACY 45.00
Highest
$168,457 $1,705 $170,162
JENNIFER WILSON SUPERVISOR 45.00
Highest
$160,716 $12,477 $173,193
CARRIE BLANCHETT NURSE PRACTIONER 45.00
Highest
$145,372 $1,118 $146,490
LUKE LARZELERE PHARMACIST 45.00
Highest
$144,243 $516 $144,759
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 $33,822 $755,722
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 $164,898,662 $172,776,811 $92,479,483 $-7,878,149
2022 $165,495,818 $180,040,177 $242,625,809 $-14,544,359
2021 $158,446,533 $165,051,755 $246,882,136 $-6,605,222
2020 $142,565,708 $145,607,711 $252,756,621 $-3,042,003
2019 $136,348,847 $139,862,515 $210,299,333 $-3,513,668
2018 $145,123,763 $142,723,676 $178,980,740 $2,400,087
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