Toledo Hospital
79% goes to programs $0 to raise $100 Thin reserves Growing revenue
Toledo Hospital is a 501(c)(3) organization based in Toledo, Ohio, registered in 1933, with $1,672,239,052 in FY2024 revenue. CharityIndex grades it C+, and it directs about 79% of spending to programs.
100 Madison Ave, Toledo, OH, 43604 EIN 34-4428256 Since 1933
Revenue (FY2024)
$1.7B
▲ 5.4% vs prior year
Health median: $840K
Expenses (FY2024)
$1.4B
Net assets
-$136.8M
Employees
8,447
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating79% 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 Toledo Hospital: 79% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 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 Toledo Hospital: 0 mo reserves · +18% margin earns a D 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 Toledo 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 Toledo Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The toledo hospital is an acute care facility and the adult tertiary facility of promedica health system, inc. providing inpatient and outpatient health services to the general public of northwest ohio and southeast michigan.
What they do
The toledo hospital operates a health club facility. - 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 $780.4M (FY2013) to $1.7B (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.0BNet assets -$136.8M
Operating margin
18.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.8B
Total liabilities
$2.0B
Net assets
-$136.8M
Salaries & benefits
$499.3M
36% of expenses
Board members
20
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,672,239,052▲5.4% | $1,369,345,198▼6.5% | -$136,798,854▲73.6% | $1,843,074,955▲13.3% | 990 |
| 2023 | $1,586,047,106▲7.5% | $1,465,299,773▲2.6% | -$518,067,681▲33.8% | $1,627,180,659▲4.4% | 990 |
| 2022 | $1,475,777,502▲7.4% | $1,427,482,467▲18.0% | -$783,078,671▼347% | $1,558,803,587▼37.1% | 990 |
| 2021 | $1,373,600,902▲19.2% | $1,209,964,406▲5.5% | -$175,123,848▼308% | $2,477,516,014▼9.6% | 990 |
| 2020 | $1,152,627,936▲0.9% | $1,147,276,947▲5.8% | -$42,944,962▲93.1% | $2,740,360,333▲42.3% | 990 |
| 2019 | $1,142,430,478▲16.9% | $1,084,436,344▲22.1% | -$620,579,850▼6.3% | $1,926,315,453▲0.6% | 990 |
| 2018 | $977,242,260▲14.4% | $888,334,813▼8.4% | -$583,926,024▼278% | $1,915,205,543▲33.2% | 990 |
| 2017 | $854,436,077▼2.6% | $970,267,450▲0.4% | $328,300,599▼25.4% | $1,438,331,354▼0.3% | 990 |
| 2016 | $877,277,536▲8.3% | $966,859,566▲13.4% | $439,917,335▼36.6% | $1,442,478,118▼15.2% | 990 |
| 2015 | $810,369,870▼2.1% | $852,583,172▲8.5% | $693,720,190▼9.0% | $1,701,109,632▲18.9% | 990 |
| 2014 | $828,109,614▲6.1% | $785,578,754▲0.9% | $762,537,559▲3.1% | $1,430,927,975▲0.3% | 990 |
| 2013 | $780,428,062 | $778,547,746▲4.7% | $739,580,319▲10.8% | $1,426,475,465▲3.3% | 990 |
| 2012 | — | $743,743,516▲5.2% | $667,263,656▲5.6% | $1,380,322,678▲2.4% | 990 |
| 2011 | — | $707,223,943▲8.4% | $632,162,070▼4.7% | $1,347,893,540▲10.0% | 990 |
| 2010 | — | $652,289,947 | $663,324,519 | $1,225,415,157 | 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: Darrin Arquette — $640,902 (0.05% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Darrin Arquette | President of Monroe Regional Hospital | 45 | $640,902 |
| Ondrea Williams | Chief Nursing Officer - Provider and Clinical Serv | 45 | $626,139 |
| Brian Miller | Vice President of Provider Medical Operations | 45 | $559,951 |
| Brian Kaminski | Vice President of Metro Medical Affairs - Provider | 45 | $536,617 |
| Julie Yaroch | President of Charles Virginia Hickman Hospital | 45 | $432,377 |
| Thadius Wadsworth | President - Bpch | 45 | $321,964 |
| Darrell Wachowiak | Trustee/president - Flower Hospital | 45 | $297,663 |
| Mark Fox | Trustee/paramedic | 45 | $53,963 |
| Aaron Buerk | Trustee | 1 | — |
| Amir Khan | Trustee | 1 | — |
| Anthony Packo | Trustee | 1 | — |
| Arturo Polizzi | Ceo | 1 | — |
| Bill Mcdonnell | Trustee | 1 | — |
| Brian Dolsey | Trustee/physician | 1 | — |
| C Michael Smith | Trustee | 1 | — |
| Daniel X Mcquillen | Trustee | 1 | — |
| Dawn Buskey | President - Tth/chief Acute Care Officer | 1 | — |
| Jackie Hylant Berenzweig | Trustee | 1 | — |
| James Brennan | Trustee | 1 | — |
| Nancy Kabat | Chairperson | 1 | — |
Top vendors & contractors (FY2020)
| Contractor | Services | Paid |
|---|---|---|
| University of Toledo | Education | $14,363,605 |
| Amn Healthcare Inc | Staffing Agency | $10,775,376 |
| Metro Aviation Inc | Aviation Service | $5,568,621 |
| Lathrop Company Inc | Construction General | $4,228,849 |
| Mayo Clinic | Lab Testing | $3,790,484 |
Grants received · $100.4M total
83 grants to Toledo Hospital totaling $100.4M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Nationwide Childrens Hospital | Commitment to the health care of familites & children in toledo, oh area | 2024 | $9,800,000 |
| Cystic Fibrosis Foundation | Cf care center | 2024 | $188,152 |
| Cystic Fibrosis Foundation | Clinical research center | 2024 | $104,000 |
| Toledo Community Foundation | General support; general support - cystic fibrosis center of northwest ohio | 2024 | $24,565 |
| Mayo Clinic | Support charitable programs | 2024 | $22,485 |
| Cystic Fibrosis Foundation | Cf care center | 2023 | $185,610 |
| Cystic Fibrosis Foundation | Clinical research center | 2023 | $119,490 |
| Mayo Clinic | Support charitable programs | 2023 | $42,816 |
| Public Health Institute | Research | 2023 | $32,500 |
| Bon Secours Mercy Health Foundation | Program support | 2023 | $31,500 |
| Toledo Community Foundation | General support; general support - cystic fibrosis center of northwest ohio | 2023 | $23,623 |
| Muscular Dystrophy Association | Medical diagnosis | 2023 | $20,000 |
| Brown University of Providence | Subcontract grant | 2023 | $10,186 |
| Washington University | Research | 2023 | $10,000 |
| Cystic Fibrosis Foundation | Cf care center | 2022 | $185,610 |
Grants made · $21K in FY2022
1 grant totaling $21K in FY2022. All grants made by Toledo Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Promedica Foundation | Operating grant | $20,716 |
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Compare Toledo Hospital
Frequently asked questions
- Is Toledo Hospital a legitimate nonprofit?
- Yes. Toledo Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 34-4428256, based in Toledo, Ohio. Donations are tax-deductible.
- What is Toledo Hospital's EIN?
- Toledo Hospital's Employer Identification Number (EIN) is 34-4428256.
- How much revenue does Toledo Hospital report?
- Toledo Hospital reported $1,672,239,052 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Toledo Hospital's spending goes to programs?
- Toledo Hospital spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Toledo Hospital have?
- CharityIndex grades Toledo Hospital C+, based on program efficiency and fundraising cost.
- How much does Toledo Hospital's highest-paid employee make?
- The highest reported compensation on Toledo Hospital's latest Form 990 is $640,902, paid to Darrin Arquette (President of Monroe Regional Hospital).
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Data for Toledo Hospital (EIN 34-4428256) 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.