Promedica Continuum Services
Nonprofit profile at a glance
- EIN
- 341880767
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Toledo, OH, USA
- Phone
- 4192525772
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community Health Systems
Reported finances
- Revenue
- $87,616,138
- Expenses
- $90,752,356
- Assets
- $14,895,178
- Liabilities
- $1,898,840
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- KENT BISHOP (TRUSTEE/ PRESIDENT - PPG/CMO)
- ARTURO POLIZZI (TRUSTEE/CEO)
Highest reported compensation
- ARTURO POLIZZI (TRUSTEE/CEO): $3,133,332 total reported compensation
- KENT BISHOP (TRUSTEE/ PRESIDENT - PPG/CMO): $1,466,293 total reported compensation
- DAWN BUSKEY (TRUSTEE/CHIEF ACUTE CARE OFFICER): $1,354,936 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Promedica continuum services is an integral part of promedica health system, inc. We will be the premier community-based managed services organization and provider of related healthcare services to northwest Ohio/southeast Michigan, offering quality, cost-effective, efficient, and value-added services to achieve superior patient satisfaction and a financially viable network of physicians supporting the medical needs of the community.
What it reported doing in 2024
Promedica continuum services provides pharmacy services to enhance the recovery process and enable patients' treatment at home.
Operating model
- Revenue model
- Earned-program. 67% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 59
- Accountability: 69
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 99.9%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 12th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 62.5%; rating input score 62; 17th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.6%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.16; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 0.1%; rating input score 93; 93rd percentile among comparable filings
Growth
- Program expense growth: 1% per year; rating input score 100; 10th percentile among comparable filings
- Revenue growth: 2.9% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: -12.3% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
- Governance: 10 of 16 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $90.6M in reported program spending
- Leadership: top reported pay $3.1M · 19 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 72 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.