SOUTH BEND, IN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ASCENSION MEDICAL GROUP PROMED, founded in 1994, is a mid-sized nonprofit in the Health Care sector that reported $98.4M in total revenue in fiscal year 2024. Expenses of $91.8M left a modest 7% surplus.
ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.
The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to...
The filing organization is a part of the Ascension Catholic Health Ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. ASCENSION MEDICAL GROUP PROMED PROVIDES ESSENTIAL MEDICAL SERVICES TO THE COMMUNITY, TRAIN AND RECRUIT HEALTHCARE PROFESSIONALS TO SERVE THE NEEDS OF THE BROADER COMMUNITY, PROVIDE APPROPRIATE CHARITY SERVICES TO THOSE PATIENTS WHO ARE NOT ABLE TO PAY FOR THEIR OWN HEALTHCARE NEEDS, PROVIDE SERVICES TO OTHER ORGANIZATIONS THAT ALLOW THEM TO PROVIDE QUALITY SERVICES TO THEIR PATIENTS OR CONSTITUENTS, AND PRESENT EDUCATION INFORMATION CLASSES AND ACTIVITIES TO THE COMMUNITY IN ORDER TO IMPROVE OVERALL HEALTH STATUS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $98,365,157 | $102,500,908 | 0.0% |
| Expenses | $91,775,374 | $95,172,955 | 0.0% |
| Net Income | $6,589,783 | $7,327,953 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| CAROL L SCHMIDT | MINISTRY MARKET EXECUTIVE/PRESIDENT (END 9/2024) | 0.0 |
Officer
Director
|
$0 | $45,856 | $2,826,319 |
| CHARLES BURLING DDS | VICE CHAIR (START 10/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| DEAN DOUGLAS KINDLER MD | EX-OFFICIO/PRESIDENT (START 10/2024) | 0.0 |
Officer
Director
|
$0 | $60,385 | $866,856 |
| JONI KNAPPER | CHAIR (START 10/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MARY ELLEN GONDECK SSJ | SECRETARY/TREASURER (START 10/2024) | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL WIEMANN MD | EX-OFFICIO/PRESIDENT (END 9/2024) | 0.0 |
Officer
Director
|
$0 | $46,106 | $797,044 |
| ROBERT PETER CAMARA DO | CHAIR (END 9/2024) | 1.0 |
Officer
Director
|
$0 | $43,074 | $368,434 |
| DONALD R ELLIS III MD | DIRECTOR (END 9/2024) | 0.0 |
Director
|
$0 | $36,267 | $292,880 |
| JAMES BAILEY BABEL MD | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $12,056 |
| JAMILA N TAYLOR MD | DIRECTOR (END 9/2024) | 0.0 |
Director
|
$0 | $22,909 | $249,703 |
| JASON BURCHARDT MD | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| JIM CONNELL DVM | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| KEVIN YOUNGS MD | DIRECTOR (END 9/2024) | 0.0 |
Director
|
$0 | $49,910 | $368,205 |
| LEONARD JOHNSON MD | DIRECTOR (END 9/2024) | 0.0 |
Director
|
$0 | $22,795 | $328,772 |
| MARCUS EBER DEGRAW MD | DIRECTOR (END 9/2024) | 0.0 |
Director
|
$0 | $51,258 | $451,657 |
| STUART R VERSEMAN MD | DIRECTOR/PHYSICIAN (END 9/2024) | 50.0 |
Director
|
$684,860 | $46,961 | $731,821 |
| SUSAN POZO | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| TIM DICKINSON MD | DIRECTOR (START 10/2024) | 1.0 |
Director
|
$0 | $0 | $0 |
| WILLIAM EDGAR MD | DIRECTOR (END 9/2024) | 0.0 |
Director
|
$0 | $36,100 | $470,074 |
| JULIE P ROKNICH | ASSISTANT SECRETARY (START 10/2024) | 0.0 |
Officer
|
$0 | $38,100 | $431,255 |
| MICHAEL MCCULLOUGH | CFO, MINISTRY MARKET | 0.0 |
Officer
|
$0 | $46,446 | $1,146,026 |
| JAGADEESH KUMAR KALAVAKUNTA MD | PHYSICIAN | 50.0 |
Highest
|
$1,300,091 | $64,176 | $1,364,267 |
| JOHN GARY GUSTAFSON MD | PHYSICIAN | 50.0 |
Highest
|
$1,135,325 | $61,122 | $1,196,447 |
| VEERA PAVAN K KOTARU MD | PHYSICIAN | 50.0 |
Highest
|
$1,174,642 | $61,670 | $1,236,312 |
| VISHAL GUPTA MD | PHYSICIAN | 50.0 |
Highest
|
$1,376,075 | $66,478 | $1,442,553 |
| ZHIGANG LIU MD | PHYSICIAN | 50.0 |
Highest
|
$1,205,016 | $59,981 | $1,264,997 |
| DOUGLAS TODD MYERS | FORMER OFFICER (END 3/2023) | 0.0 |
|
$0 | $0 | $383,721 |
| JONATHAN SAMUEL NALLI FACHE | FORMER OFFICER (END 12/2022) | 0.0 |
|
$0 | $6,250 | $949,654 |
| THOMAS KLEIN | FORMER OFFICER (END 6/2024) | 0.0 |
|
$0 | $30,358 | $446,692 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $98,365,157 | $91,775,374 | $6,751,856 | $6,589,783 |
| 2024 | No data | No data | No data | No data |
| 2023 | $98,522,990 | $118,868,839 | $7,678,950 | $-20,345,849 |
| 2022 | $96,475,688 | $121,736,086 | $8,303,013 | $-25,260,398 |
| 2021 | $91,054,014 | $124,254,039 | $11,680,037 | $-33,200,025 |
| 2020 | $78,824,301 | $124,488,730 | $6,982,417 | $-45,664,429 |
| 2019 | $80,070,064 | $101,333,346 | $11,936,551 | $-21,263,282 |
| 2018 | $75,995,768 | $106,186,343 | $15,681,520 | $-30,190,575 |
Compare ASCENSION MEDICAL GROUP PROMED with other nonprofits in Indiana and across the country.