Paramount Advantage
501(c)(3) Donations tax-deductible
72% goes to programs Thin reserves Declining revenue
Paramount Advantage is a 501(c)(3) organization based in Toledo, Ohio, registered in 2016, with $4,154,106 in FY2024 revenue. CharityIndex grades it B, and it directs about 72% of spending to programs.
300 Madison Ave Ste 270, Toledo, OH, 43604 EIN 20-3376102 Since 2016
Revenue (FY2024)
$4.2M
▼ 94.9% vs prior year
Expenses (FY2024)
$973K
Net assets
$500
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
BProgram efficiency40% of the rating72% to programs
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 Paramount Advantage: 72% to programs earns a B on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +77% 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 Paramount Advantage: 0 mo reserves · +77% margin earns a C on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Paramount Advantage: 5 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 Paramount Advantage: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Paramount advantage (the "company or pa), a nonprofit corporation, -see schedule o.
What they do
Consistent with our mission, paramount advantage provides a significant amount of community benefit including community health improvement services, health care support services, and cash and in-kind contributions. - see schedule o.
Contact & location
Financial trends
Revenue declined from $257.1M (FY2015) to $4.2M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $500
Operating margin
76.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$500
Total liabilities
$0
Net assets
$500
Salaries & benefits
$126K
13% of expenses
Board members
2
1 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $4,154,106▼94.9% | $972,754▼92.2% | $500▼100.0% | $500▼100.0% | 990 |
| 2023 | $82,135,755▼68.4% | $12,464,732▼92.6% | $28,399,897▼68.7% | $62,299,248▼70.0% | 990 |
| 2022 | $259,665,042▼83.5% | $168,253,600▼88.7% | $90,749,462▼66.9% | $207,974,426▼65.9% | 990 |
| 2021 | $1,571,939,334▲2.0% | $1,494,020,934▲0.2% | $274,090,664▲38.7% | $609,960,761▲31.0% | 990 |
| 2020 | $1,541,176,490▲2.7% | $1,491,404,933▼5.3% | $197,665,221▲37.3% | $465,508,192▲45.5% | 990 |
| 2019 | $1,500,371,239▲11.5% | $1,574,436,197▲15.0% | $143,956,644▲4.4% | $319,934,860▲15.5% | 990 |
| 2018 | $1,345,820,223▲17.1% | $1,369,275,997▲22.0% | $137,927,216▼18.1% | $276,900,867▼6.4% | 990 |
| 2017 | $1,149,624,274▲14.8% | $1,122,159,171▲10.7% | $168,309,143▲26.7% | $295,761,561▲12.4% | 990 |
| 2016 | $1,001,447,138▲289% | $1,014,142,245▲308% | $132,885,692▼10.0% | $263,193,067▼2.2% | 990 |
| 2015 | $257,117,778 | $248,413,126 | $147,692,077 | $269,008,262 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Arturo Polizzi | Ceo | 1 | — |
| Elaine Canning | Trustee | 1 | — |
| Lori Johnston | President - Part Year | 1 | — |
| Mark Wagoner | Chairperson | 1 | — |
| Stephen Sadowski | Secretary/chief Legal Officer | 1 | — |
| Terrence Metzger | Treasurer/president/cfo | 1 | — |
Top vendors & contractors (FY2018)
| Contractor | Services | Paid |
|---|---|---|
| Cvs Caremark | Prescription Benefit Management | $387,489,330 |
| Dentaquest | Dental Benefits Administration | $36,529,144 |
Grants made · $3.0M in FY2017
1 grant totaling $3.0M in FY2017. All grants made by Paramount Advantage →
| Recipient | Purpose | Amount |
|---|---|---|
| Promedica Foundation | Operating grant | $3,000,000 |
Frequently asked questions
- Is Paramount Advantage a legitimate nonprofit?
- Yes. Paramount Advantage is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-3376102, based in Toledo, Ohio. Donations are tax-deductible.
- What is Paramount Advantage's EIN?
- Paramount Advantage's Employer Identification Number (EIN) is 20-3376102.
- How much revenue does Paramount Advantage report?
- Paramount Advantage reported $4,154,106 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Paramount Advantage's spending goes to programs?
- Paramount Advantage spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Paramount Advantage have?
- CharityIndex grades Paramount Advantage B, based on program efficiency and fundraising cost.
- How much does Paramount Advantage's highest-paid employee make?
- The highest reported compensation on Paramount Advantage's latest Form 990 is $0, paid to Arturo Polizzi (Ceo).
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Data for Paramount Advantage (EIN 20-3376102) 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.