Promedica Coldwater Regional Hospital
- Assets
- $47.6m
- Revenue
- $78.2m
- Investments
- $0.0
- Employees
- 599
- Location
- Toledo, OH
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 38-6108110
Organization Overview
Promedica Coldwater Regional Hospital is located in Toledo, OH. The organization was established in 2018. 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 12/2021, Promedica Coldwater Regional Hospital employed 599 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promedica Coldwater Regional Hospital 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 12/2021, Promedica Coldwater Regional Hospital generated $78.2m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $78.0m during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY HEALTH CENTER OF BRANCH COUNTY IS AN ACUTE CARE HOSPITAL THAT STRIVES TO BE THE DESIRED DESTINATION FOR HEALTHCARE SERVICES FOR EVERYONE, EVERY TIME IN BRANCH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY HEALTH CENTER OF BRANCH COUNTY IS AN ACUTE CARE FACILITY PROVIDING INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO THE GENERAL PUBLIC. - SEE SCHEDULE O.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Mcgrath Physician | 40 | $591,260 | |
Christopher Hogg Physician | 40 | $466,799 | |
Jessica Bartock Physician | 40 | $443,251 | |
Kanwar Rana Physician | 40 | $431,986 | |
Edward Jankowski Physician | 40 | $399,781 | |
Edelwina R Dy Trustee, Physician | Trustee | 41 | $331,450 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epmg Of Michigan Pc Physician Emergency Medical Services | 12/30/20 | $1,400,376 |
Northstar Anesthesia Of Michigan Ii Pc Physician Services | 12/30/20 | $445,361 |
Amn Healthcare Inc Staffing Agency | 12/30/20 | $583,542 |
Elzinga & Volkers Inc Construction Contractor | 12/30/20 | $453,857 |
Richard J Hartman Jr Do Physician Services | 12/30/20 | $390,600 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $681,843 |
| Government grants | $4,373,527 |
| All other contributions, gifts, grants, and similar amounts not included above | $257,853 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,313,223 |
| Total Program Service Revenue | $72,637,095 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $64,777 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $78,207,651 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $355,920 |
| Compensation of current officers, directors, key employees. | $355,920 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,990,194 |
| Pension plan accruals and contributions | $1,493,524 |
| Other employee benefits | $3,870,556 |
| Payroll taxes | $2,292,609 |
| Fees for services: Management | $146,583 |
| Fees for services: Legal | $75,121 |
| Fees for services: Accounting | $225,938 |
| Fees for services: Lobbying | $2,581 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,836,609 |
| Advertising and promotion | $78,191 |
| Office expenses | $717,962 |
| Information technology | $43,569 |
| Royalties | $0 |
| Occupancy | $2,025,709 |
| Travel | $123,205 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $164,215 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,931,695 |
| Insurance | $761,091 |
| All other expenses | $2,353,383 |
| Total functional expenses | $78,031,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,503,553 |
| Savings and temporary cash investments | $410,028 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,897,566 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,981,262 |
| Prepaid expenses and deferred charges | $100,601 |
| Net Land, buildings, and equipment | $25,153,333 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $930,369 |
| Other assets | $4,604,773 |
| Total assets | $47,581,485 |
| Accounts payable and accrued expenses | $12,234,428 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,325,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,488,391 |
| Total liabilities | $33,048,236 |
| Net assets without donor restrictions | $10,335,203 |
| Net assets with donor restrictions | $4,198,046 |
| 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 | $47,581,485 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Promedica Coldwater Regional Hospital has recieved totaling $939,696.
| Awarding Organization | Amount |
|---|---|
Promedica Foundation Toledo, OH PURPOSE: OPERATING GRANT | $681,843 |
Michigan Center For Rural Health East Lansing, MI PURPOSE: SEE STATEMENT 2. | $257,853 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Parkview Health System Inc Fort Wayne, IN | $2,712,217,032 | $933,221,094 |
Bhsh System Grand Rapids, MI | $2,915,356,282 | $1,050,315,288 |
University Hospitals Health System Inc Shaker Heights, OH | $6,082,138,000 | $960,105,000 |
Aultman Health Foundation Group Return Canton, OH | $450,362,832 | $880,954,681 |
Mercy Health Partners Muskegon, MI | $816,487,004 | $692,908,897 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Appalachian Regional Healthcare Inc Lexington, KY | $1,267,201,787 | $817,287,479 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
West Virginia University Medical Corporation Morgantown, WV | $212,648,584 | $571,153,959 |
Owensboro Health Regional Hospital Owensboro, KY | $1,685,340,581 | $709,904,993 |
Adena Health System Chillicothe, OH | $876,980,484 | $590,625,475 |
Indiana University Health Arnett Inc Indianapolis, IN | $319,820,511 | $504,048,288 |