Promedica Foundation
69% goes to programs $10 to raise $100 Strong reserves
Promedica Foundation is a 501(c)(3) organization based in Toledo, Ohio, registered in 1987, with $32,387,903 in FY2024 revenue. CharityIndex grades it B+, and it directs about 69% of spending to programs.
100 Madison Ave, Toledo, OH, 43604 EIN 34-1517672 Since 1987
Revenue (FY2024)
$32.4M
▲ 95.1% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$19.3M
Net assets
$388.6M
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 rating69% to programs · $10 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 Promedica Foundation: 69% to programs · $10 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating242 mo reserves · +40% 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 Promedica Foundation: 242 mo reserves · +40% margin earns a B+ 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 Promedica Foundation: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Promedica Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The promedica foundation's mission is to generate and direct the utilization of resources to enrich existing programs and fund new services, inspiring excellent in the provision of health care and enhancing quality of life for the people of our community.
Contact & location
- Address
- 100 Madison Ave, Toledo, OH, 43604
- City
- Toledo
- State
- Ohio
- Category
- Public & Societal Benefit
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $21.3M (FY2013) to $32.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $4.2MNet assets $388.6M
Operating margin
40.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$392.8M
Total liabilities
$4.2M
Net assets
$388.6M
Salaries & benefits
$1.6M
8% of expenses
Board members
5
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $32,387,903▲95.1% | $19,302,765▼23.2% | $388,620,828▲14.8% | $392,846,170▲9.2% | 990 |
| 2023 | $16,597,145▼22.8% | $25,135,923▲15.0% | $338,466,471▲2.4% | $359,883,093▲8.2% | 990 |
| 2022 | $21,490,515▼36.7% | $21,862,373▲5.1% | $330,590,449▼18.7% | $332,575,061▼19.5% | 990 |
| 2021 | $33,946,131▲40.1% | $20,799,959▼10.1% | $406,505,834▲6.3% | $412,976,640▲7.0% | 990 |
| 2020 | $24,233,338▼34.3% | $23,138,052▲17.1% | $382,293,674▲10.5% | $386,053,064▲9.9% | 990 |
| 2019 | $36,859,915▼4.2% | $19,762,228▲4.5% | $345,943,532▲15.3% | $351,154,330▲15.4% | 990 |
| 2018 | $38,479,876▼40.5% | $18,902,907▼20.8% | $300,137,459▼3.6% | $304,253,146▼3.7% | 990 |
| 2017 | $64,722,104▲170% | $23,881,195▼63.3% | $311,225,776▲17.7% | $315,817,720▲15.8% | 990 |
| 2016 | $23,981,625▼22.7% | $65,030,495▲309% | $264,323,540▼12.2% | $272,769,359▼10.2% | 990 |
| 2015 | $31,005,230▼14.2% | $15,911,546▼7.2% | $301,131,501▼0.3% | $303,595,749▼0.5% | 990 |
| 2014 | $36,153,801▲70.0% | $17,138,407▲77.3% | $302,075,212▲5.6% | $305,119,874▲6.1% | 990 |
| 2013 | $21,267,566 | $9,665,952▼21.8% | $286,001,999▲16.7% | $287,658,581▲15.8% | 990 |
| 2012 | — | $12,357,834▲340% | $245,018,198▲53.7% | $248,386,421▲55.0% | 990 |
| 2010 | — | $2,805,621 | $159,367,803 | $160,292,045 | 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 |
|---|---|---|---|
| Angela Brandt | Trustee/chief Administrative Officer | 1 | — |
| Arturo Polizzi | Trustee/ceo | 1 | — |
| Bob Laclair | Trustee | 1 | — |
| Christi Ansberg | President/chief Philanthropy Officer | 1 | — |
| Gary Cates | President - Part Year | 1 | — |
| James Hoffman | Chairperson | 1 | — |
| Stephen Sadowski | Secretary/chief Legal Officer | 1 | — |
| Terrence Metzger | Treasurer/cfo | 1 | — |
Grants received · $49.2M total
126 grants to Promedica Foundation totaling $49.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Toledo Community Foundation | Support for hospitals, cancer care, kaitlyns cottage, and ywca capital campaign. | 2024 | $84,617 |
| Bon Secours Mercy Health Foundation | Program support | 2024 | $77,700 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $55,000 |
| Cleveland Foundation | General support | 2024 | $13,126 |
| Donor Advised Charitable Giving | Health | 2023 | $639,584 |
| Toledo Community Foundation | Generations of care; 50th initiative - promedica concert; cardiology unit fund; growing futures together | 2023 | $75,600 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $68,392 |
| Columbus Foundation | Health | 2023 | $25,000 |
| American Endowment Foundation | General operating support | 2023 | $10,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $10,000 |
| Central Midwest Regional Council of Carpenters | Donation | 2023 | $8,000 |
| Emma L Bixby Medical Center | Operating grant | 2022 | $584,000 |
| Donor Advised Charitable Giving | Health | 2022 | $140,988 |
| Toledo Community Foundation | Kern cancer center - patient care fund, educational purposes at the pediatric pulmonary & pierre a. vauthy cystic fibrosis center of northwest ohio, ywca capital campaign, our family-here to help fund, 2021 contribution to first tee/boys and girls clubs, general support for the kaitlyn's cottage golf tournament - 19th hole sponsorship, ywca capital campaign, ywca capital campaign donation, growing futures together, kern cancer center - fremont. patient care fund, the hickman cancer center fund | 2022 | $79,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $78,173 |
Grants made · $12.7M in FY2024
18 grants totaling $12.7M in FY2024 — showing the 15 largest. All grants made by Promedica Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| The Toledo Hospital | Operating grant | $7,488,152 |
| Promedica Health System Inc | Operating grant | $1,936,000 |
| YWCA of Northwest Ohio | Operating grant | $907,119 |
| Emma L Bixby Medical Center | Operating grant | $681,868 |
| Kaitlyns Cottage Inc | Operating grant | $349,770 |
| Memorial Hospital | Operating grant | $288,556 |
| Hope Toledo | Operating grant | $244,493 |
| Mercy-memorial Hospital Corporation | Operating grant | $186,621 |
| Fostoria Hospital Association | Operating grant | $126,721 |
| Defiance Hospital Inc | Operating grant | $103,048 |
| Toledo Science Center | Operating grant | $100,000 |
| Advocates For Basic Legal Equality | Operating grant | $75,000 |
| Bay Park Community Hospital | Operating grant | $69,006 |
| Hcr Manorcare Inc | Operating grant | $55,218 |
| Lutheran Homes Society Inc | Operating grant | $42,680 |
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Frequently asked questions
- Is Promedica Foundation a legitimate nonprofit?
- Yes. Promedica Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1517672, based in Toledo, Ohio. Donations are tax-deductible.
- What is Promedica Foundation's EIN?
- Promedica Foundation's Employer Identification Number (EIN) is 34-1517672.
- How much revenue does Promedica Foundation report?
- Promedica Foundation reported $32,387,903 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Promedica Foundation's spending goes to programs?
- Promedica Foundation spends about 69% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Promedica Foundation have?
- CharityIndex grades Promedica Foundation B+, based on program efficiency and fundraising cost.
- How much does Promedica Foundation's highest-paid employee make?
- The highest reported compensation on Promedica Foundation's latest Form 990 is $0, paid to Angela Brandt (Trustee/chief Administrative Officer).
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Data for Promedica Foundation (EIN 34-1517672) 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.