Memorial Hospital
76% goes to programs $0 to raise $100 Growing revenue
Memorial Hospital is a 501(c)(3) organization based in Toledo, Ohio, registered in 1937, with $94,767,507 in FY2024 revenue. CharityIndex grades it A, and it directs about 76% of spending to programs.
100 Madison Ave, Toledo, OH, 43604 EIN 34-4430849 Since 1937
Revenue (FY2024)
$94.8M
▲ 0.9% vs prior year
Health median: $840K
Expenses (FY2024)
$77.9M
Net assets
$21.9M
Employees
415
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
BProgram efficiency40% of the rating76% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Memorial Hospital: 76% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +18% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Memorial Hospital: 3 mo reserves · +18% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Memorial Hospital: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Memorial Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Memorial hospital provides needed medical care to the community and surrounding areas regardless of the patient's ability to pay. services include inpatient routine, inpatient ancillary, and outpatient care. our mission is to continually improve the health and quality of life of the individuals and families in the communities we serve.
What they do
Consistent with our mission, memorial hospital provides a significant amount of financial assistance to patients with limited or no ability to pay. - see schedule o.
Consistent with our mission, memorial hospital provides a significant amount of community benefit including community health services, community benefit operations, health professions education, subsidized health services, and cash and in-kind contributions. - see schedule o.
Contact & location
- Address
- 100 Madison Ave, Toledo, OH, 43604
- City
- Toledo
- State
- Ohio
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $81.3M (FY2014) to $94.8M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $33.6MNet assets $21.9M
Operating margin
17.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$55.5M
Total liabilities
$33.6M
Net assets
$21.9M
Salaries & benefits
$24.7M
32% of expenses
Board members
22
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $94,767,507▲0.9% | $77,926,089▼1.2% | $21,897,044▲26.2% | $55,495,767▼6.0% | 990 |
| 2023 | $93,890,973▲8.8% | $78,843,430▼2.6% | $17,347,136▼40.5% | $59,012,522▼9.3% | 990 |
| 2022 | $86,272,614▲12.4% | $80,955,481▲21.0% | $29,159,380▲78.9% | $65,046,432▲2.2% | 990 |
| 2021 | $76,771,960▲8.8% | $66,925,414▲4.5% | $16,297,047▼26.7% | $63,634,005▼3.7% | 990 |
| 2020 | $70,540,192▲0.1% | $64,048,774 | $22,243,452▼73.7% | $66,055,660▼45.1% | 990 |
| 2019 | $70,448,701▲2.5% | $64,042,028▲6.6% | $84,606,616▲26.8% | $120,404,973▲15.9% | 990 |
| 2018 | $68,737,040▲1.3% | $60,086,296▼0.1% | $66,738,196▲5.2% | $103,849,310▲4.2% | 990 |
| 2017 | $67,869,703▲1.1% | $60,131,201▲0.9% | $63,425,184▲16.2% | $99,708,245▲7.9% | 990 |
| 2016 | $67,105,310▲21.1% | $59,592,933▲5.2% | $54,581,500▲14.6% | $92,437,698▲4.3% | 990 |
| 2015 | $55,407,380▼31.9% | $56,623,426▼12.5% | $47,621,970▲0.7% | $88,593,330▲7.0% | 990 |
| 2014 | $81,313,708 | $64,734,519▼24.0% | $47,293,495▲64.3% | $82,765,686▲10.5% | 990 |
| 2012 | — | $85,148,415▲17.7% | $28,782,108▼22.1% | $74,919,772▼1.2% | 990 |
| 2011 | — | $72,373,514▲7.0% | $36,944,963▲1.0% | $75,807,861▲9.7% | 990 |
| 2010 | — | $67,664,058▲4.0% | $36,595,470▲0.8% | $69,110,710▲2.5% | 990 |
| 2009 | — | $65,092,017 | $36,300,891 | $67,399,165 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Randal Koch — $186,751 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Randal Koch | Director of Pharmacy Services | 45 | $186,751 |
| Matthew Goetz | Staff Pharmacist | 45 | $145,284 |
| Heather Sieger | Director of Emergency Services | 45 | $143,059 |
| Patricia Beaschler | Staff Pharmacist | 45 | $141,246 |
| Amy Breidenbach | Director of Nursing Services - Acute Care | 45 | $137,568 |
| Angela Morelock | Trustee | 1 | — |
| Anthony Rusher | Trustee | 1 | — |
| Anthony Walker | Trustee | 1 | — |
| Arturo Polizzi | Ceo | 1 | — |
| Barry Luse | Chairperson | 1 | — |
| Bethany Brown | Trustee | 1 | — |
| Christian Moore | Trustee | 1 | — |
| Dasa Dzierwa | Trustee/cp Avp | 1 | — |
| David Sommers | Trustee/physician | 1 | — |
| Dudley Singer III | Trustee | 1 | — |
| James Williams | Trustee | 1 | — |
| Jennifer Fehnrich | Trustee | 1 | — |
| Jim North | Trustee | 1 | — |
| Jodi Rucker | President | 1 | — |
| Joseph Liszak III | Trustee | 1 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| Emergency Physicians of Northwest Ohio I | Physician Services | $775,000 |
| Community Hlth Sv Fremont | Physician Services | $539,096 |
| Toledo Pain Services | Physician Services | $481,294 |
| Spieker Co | Construction Contractor | $443,250 |
| Omni Health Services Ltd | Physician Services | $437,500 |
Grants received · $34.9M total
18 grants to Memorial Hospital totaling $34.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Promedica Foundation | Operating grant | 2024 | $288,556 |
| Promedica Foundation | Operating grant | 2023 | $86,806 |
| Promedica Foundation | Operating grant | 2022 | $250,041 |
| Promedica Foundation | Operating grant | 2021 | $81,910 |
| Promedica Foundation | Operating grant | 2020 | $258,138 |
| Promedica Foundation | Operating grant | 2019 | $105,550 |
| Promedica Health System Inc | Operating grant | 2018 | $5,000,000 |
| Bay Park Community Hospital | Operating grant | 2018 | $1,000,000 |
| Promedica Foundation | Operating / capital support | 2018 | $331,245 |
| Promedica Health System Inc | Operating grant | 2017 | $5,000,000 |
| Promedica Foundation | Operating / capital support | 2017 | $308,021 |
| Promedica Health System Inc | Operating grant | 2016 | $5,000,000 |
| Promedica Foundation | Operating / capital support | 2016 | $1,388,828 |
| Promedica Foundation | Operating / capital support | 2015 | $274,876 |
| Toledo Community Foundation | Promedica memorial hospital (fremont) - cancer center's healing garden | 2015 | $100,000 |
Grants made · $85K in FY2020
1 grant totaling $85K in FY2020. All grants made by Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Promedica Foundation | Operating grant | $84,654 |
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Compare Memorial Hospital
Frequently asked questions
- Is Memorial Hospital a legitimate nonprofit?
- Yes. Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-4430849, based in Toledo, Ohio. Donations are tax-deductible.
- What is Memorial Hospital's EIN?
- Memorial Hospital's Employer Identification Number (EIN) is 34-4430849.
- How much revenue does Memorial Hospital report?
- Memorial Hospital reported $94,767,507 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Memorial Hospital's spending goes to programs?
- Memorial Hospital spends about 76% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Hospital have?
- CharityIndex grades Memorial Hospital A, based on program efficiency and fundraising cost.
- How much does Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Memorial Hospital's latest Form 990 is $186,751, paid to Randal Koch (Director of Pharmacy Services).
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Data for Memorial Hospital (EIN 34-4430849) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.