Promedica Health System Inc
Only 58% goes to programs $0 to raise $100 Strong reserves Growing revenue
Promedica Health System Inc is a 501(c)(3) organization based in Toledo, Ohio, registered in 1987, with $268,610,062 in FY2024 revenue. CharityIndex grades it B+, and it directs about 58% of spending to programs.
100 Madison Ave, Toledo, OH, 43604 EIN 34-1517671 Since 1987
Revenue (FY2024)
$268.6M
▼ 18.1% vs prior year
Health median: $840K
Expenses (FY2024)
$300.9M
Net assets
$681.2M
Employees
1,951
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 rating58% 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 Promedica Health System Inc: 58% to programs · $0 to raise $100 earns a B on this criterion. See the exact thresholds →
C+Financial health25% of the rating27 mo reserves · -12% 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 Health System Inc: 27 mo reserves · -12% 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 Promedica Health System Inc: 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 Promedica Health System Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Promedica health system, inc. is a not-for-profit, integrated healthcare delivery network whose mission is to improve the health and well-being of others.
What they do
Consistent with our mission, promedica health system, inc. provides a significant amount of community benefit including community health improvement 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 declined from $525.2M (FY2013) to $268.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $229.1MNet assets $681.2M
Operating margin
-12.0%
Spent more than it raised in the latest fiscal year.
Total assets
$910.3M
Total liabilities
$229.1M
Net assets
$681.2M
Salaries & benefits
$118.5M
39% of expenses
Board members
13
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $268,610,062▼18.1% | $300,940,118▼30.5% | $681,191,145▲29.1% | $910,332,471▲6.6% | 990 |
| 2023 | $327,862,575▼8.3% | $433,307,277▼73.2% | $527,816,910▼58.1% | $854,134,157▼50.6% | 990 |
| 2022 | $357,359,759▲91.0% | $1,613,977,332▲321% | $1,259,715,615▼48.3% | $1,727,790,337▼56.7% | 990 |
| 2021 | $187,074,606▼31.9% | $383,150,680▼1.6% | $2,437,597,284▼4.4% | $3,990,273,616▲39.0% | 990 |
| 2020 | $274,534,140▼35.9% | $389,352,171▲12.4% | $2,549,255,032▲5.1% | $2,870,044,058▲6.0% | 990 |
| 2019 | $428,415,348▼11.0% | $346,524,937▼78.3% | $2,424,966,495▲3.4% | $2,707,280,136▲5.0% | 990 |
| 2018 | $481,455,363 | $1,598,638,648▲366% | $2,344,978,706▼5.0% | $2,579,413,759▼2.0% | 990 |
| 2017 | $481,236,134▲118% | $342,855,120▼10.9% | $2,467,501,418▲8.2% | $2,632,015,389▲6.0% | 990 |
| 2016 | $220,721,925▼19.2% | $384,716,407▲61.3% | $2,280,341,507▼6.8% | $2,482,082,629▼8.4% | 990 |
| 2015 | $273,072,650▼16.9% | $238,583,064▲3.8% | $2,447,616,824▲4.4% | $2,708,430,366▲9.6% | 990 |
| 2014 | $328,474,017▼37.5% | $229,946,564▲4.6% | $2,344,110,905▲5.4% | $2,472,316,602▲5.8% | 990 |
| 2013 | $525,216,605 | $219,871,266▲15.7% | $2,223,964,028▲19.8% | $2,336,327,449▲15.2% | 990 |
| 2012 | — | $189,973,054▲14.0% | $1,856,578,075▲13.8% | $2,027,376,048▲13.4% | 990 |
| 2011 | — | $166,658,439▲16.2% | $1,631,471,440▼2.1% | $1,788,012,710▼0.3% | 990 |
| 2010 | — | $143,363,523 | $1,665,692,841 | $1,792,676,848 | 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: Arturo Polizzi — $3,119,320 (1.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Arturo Polizzi | President/ceo | 20 | $3,119,320 |
| Lori Johnston | President - Paramount Care - Part Year | 44 | $1,610,991 |
| Kent Bishop | President - Ppg/cmo | 44 | $1,452,904 |
| Dawn Buskey | Chief Acute Care Officer | 40 | $1,340,164 |
| Terrence Metzger | Treasurer/cfo | 20 | $1,209,318 |
| Angela Brandt | Chief Administrative Officer | 43 | $1,189,894 |
| Stephen Sadowski | Secretary/chief Legal Officer | 20 | $1,180,376 |
| Gary Cates | Chief Philanthropy Officer - Part Year | 43 | $686,162 |
| Justin Skiver | President - Senior Care | 34 | $655,570 |
| Floyd Chasse | Chief Hr Officer | 44 | $615,987 |
| Kathleen Merrill | Chief Marketing Officer | 43 | $528,138 |
| Luke Pile | Coo - Senior Care | 35 | $493,139 |
| Debi Brobst | Chief Information Officer | 45 | $488,018 |
| Scott Fought | Vp Acute Care | 45 | $486,760 |
| Andrew Gottman | Vp, Total Rewards & Hr Shared Services | 45 | $464,775 |
| Mark Wagoner | Trustee | 1 | $70,000 |
| Lisa Hawker | Trustee | 1 | $65,000 |
| Lisa Mcduffie | Trustee | 1 | $48,500 |
| Ravi Narra | Trustee/physician | 1 | $45,000 |
| Bob Laclair | Chairperson | 1 | $42,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Aya Healthcare Inc | Nursing Services | $59,377,206 |
| Emergency Physicians of Nwo | Emergency Medical Staff | $7,557,917 |
| American Red Cross - Michigan Ssda | Medical Services | $6,434,435 |
| The Spieker Company | Construction Services | $4,031,306 |
| Accuity Delivery Systems LLC | Medical Billing Services | $3,536,933 |
Grants received · $301.3M total
47 grants to Promedica Health System Inc totaling $301.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Promedica Foundation | Operating grant | 2024 | $1,936,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $16,263 |
| American Heart Association Inc | Aortic stenosis initiative | 2024 | $10,000 |
| Promedica Foundation | Operating grant | 2023 | $736,070 |
| Local Initiatives Support Corporation | See part iv | 2023 | $70,952 |
| Promedica Foundation | Operating grant | 2022 | $4,076,508 |
| Local Initiatives Support Corporation | See part iv | 2022 | $141,000 |
| American Cancer Society Inc | Patient support | 2022 | $10,000 |
| Promedica Foundation | Operating grant | 2021 | $2,189,370 |
| Local Initiatives Support Corporation | See part iv | 2021 | $351,000 |
| Health Research and Educational Trust | Support payment | 2021 | $10,995 |
| American Cancer Society Inc | Patient support | 2021 | $10,000 |
| Promedica Foundation | Operating grant | 2020 | $5,565,854 |
| Local Initiatives Support Corporation | See part iv | 2020 | $157,000 |
| Health Research and Educational Trust | 2019 foster g. mcgaw prize | 2020 | $100,000 |
Grants made · $1.3M in FY2024
16 grants totaling $1.3M in FY2024 — showing the 15 largest. All grants made by Promedica Health System Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Toledo Sports Arena | Support operations | $371,917 |
| Toledo Mudhens Baseball Club | Support operations | $305,500 |
| Toledo School For the Arts | Support operations | $166,666 |
| Toledo Classic Inc | Support operations | $100,000 |
| Toledo Lucas County Library | Support operations | $55,000 |
| Franklin Park Mall | Support operations | $48,000 |
| Ottawa Hills Schools Foundation | Support school | $45,333 |
| Perrysburg Schools Foundation | Support school | $36,851 |
| American Heart Association Inc | Support operations | $35,500 |
| Levi's Commons | Support operations | $35,000 |
| Regional Growth Partnership Inc | Support operations | $25,000 |
| Downtown Toledo Development Corporation | Support operations | $12,500 |
| Local Initiatives Support Corporation | Support operations | $10,000 |
| Good Grief of Northwest Ohio Inc | Support operations | $7,500 |
| City of Fostoria | Support operations | $7,143 |
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Frequently asked questions
- Is Promedica Health System Inc a legitimate nonprofit?
- Yes. Promedica Health System Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-1517671, based in Toledo, Ohio. Donations are tax-deductible.
- What is Promedica Health System Inc's EIN?
- Promedica Health System Inc's Employer Identification Number (EIN) is 34-1517671.
- How much revenue does Promedica Health System Inc report?
- Promedica Health System Inc reported $268,610,062 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Promedica Health System Inc's spending goes to programs?
- Promedica Health System Inc spends about 58% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Promedica Health System Inc have?
- CharityIndex grades Promedica Health System Inc B+, based on program efficiency and fundraising cost.
- How much does Promedica Health System Inc's highest-paid employee make?
- The highest reported compensation on Promedica Health System Inc's latest Form 990 is $3,119,320, paid to Arturo Polizzi (President/ceo).
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Data for Promedica Health System Inc (EIN 34-1517671) 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.