Promedica Health System Inc
- Assets
- $1.7b
- Revenue
- $357.4m
- Investments
- $2.4m
- Employees
- 13,012
- Location
- Toledo, OH
- Founding
- 02/1987
- Data as of
- 12/2022
- EIN
- 34-1517671
Organization Overview
Promedica Health System Inc is located in Toledo, OH. The organization was established in 1987. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2023, Promedica Health System Inc employed 13,012 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promedica Health System Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Promedica Health System Inc generated $357.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $1.6b during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Promedica Health System Inc has awarded 536 individual grants totaling $180,832,800. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
PROMEDICA HEALTH SYSTEM, INC. (PHS) IS AN OHIO NOT-FOR-PROFIT CORPORATION WHICH SERVES AS A HOLDING COMPANY FOR SEVERAL CORPORATIONS IN A SYSTEM THAT PROVIDES VARIOUS TYPES OF HEALTHCARE SERVICES. PHS PROVIDES MANAGEMENT SERVICES AND SUPPORT TO ALL ENTITIES WITHIN PROMEDICA HEALTH SYSTEM, INC. - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ann L Rhee MD Facog Trustee, Physician | Trustee | 1 | $755,303 |
James F White Jr Ex Officio | Trustee | 1 | $0 |
James Hoffman Ex Officio | Trustee | 1 | $40,000 |
Kevin J Sauder Ex Officio | Trustee | 1 | $0 |
Kurt L Darrow Ex Officio | Trustee | 1 | $0 |
Lisa A Mcduffie Mssa Lisw-S Trustee | Trustee | 1 | $30,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leaderstat Ltd Medical Staff Services | 12/30/22 | $43,551,574 |
Intelycare Inc Medical Staff, Nursing | 12/30/22 | $33,872,004 |
Snapmedtech Inc Healthcare Staffing Platform | 12/30/22 | $35,862,967 |
Optum Hospice Pharmacy Services Llc Pharmacy Contract | 12/30/22 | $24,675,525 |
Healthcare Services Group Inc Housekeeping, Laundry And Dining | 12/30/22 | $23,373,801 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $4,772,776 |
| Government grants | $65,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,837,941 |
| Total Program Service Revenue | $298,314,432 |
| Investment income | $1,030,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,454,222 |
| Net Gain/Loss on Asset Sales | $51,674,577 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,359,759 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,924,354 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $78,939,113 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,513,479 |
| Payroll taxes | $6,914,816 |
| Fees for services: Management | $64,500 |
| Fees for services: Legal | $7,371,265 |
| Fees for services: Accounting | $1,134,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $144,983,645 |
| Advertising and promotion | $3,700,979 |
| Office expenses | $3,611,906 |
| Information technology | $3,269,058 |
| Royalties | $0 |
| Occupancy | $5,295,750 |
| Travel | $2,066,749 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,945,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $27,627,162 |
| Insurance | $1,533,121 |
| All other expenses | $4,969,369 |
| Total functional expenses | $1,613,977,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,475,250 |
| Savings and temporary cash investments | $80,982,365 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,985,405 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $23,146,076 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $52,547,199 |
| Net Land, buildings, and equipment | $219,045,186 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,428,159 |
| Investments—program-related | $0 |
| Intangible assets | $1,040,713 |
| Other assets | $1,247,139,984 |
| Total assets | $1,727,790,337 |
| Accounts payable and accrued expenses | $266,214,771 |
| Grants payable | $0 |
| Deferred revenue | $2,177,071 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $27,634,440 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $172,048,440 |
| Total liabilities | $468,074,722 |
| Net assets without donor restrictions | $1,234,766,825 |
| Net assets with donor restrictions | $24,948,790 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,727,790,337 |
Grants Awarded
Over the last fiscal year, Promedica Health System Inc has awarded $12,588,299 in support to 51 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: SUPPORT OPERATIONS | $13,500 |
COLUMBIA UNIVERSITY PURPOSE: SUPPORT OPERATIONS | $22,500 |
AMERICAN HEART ASSOCIATION PURPOSE: SUPPORT OPERATIONS | $38,500 |
TOLEDO COMMUNITY FOUNDATION PURPOSE: SUPPORT OPERATIONS | $191,767 |
AFRICAN AMERICAN POLICE LEAGUE PURPOSE: SUPPORT OPERATIONS | $10,000 |
TOLEDO MUDHENS BASEBALL CLUB PURPOSE: SUPPORT OPERATIONS | $243,594 |