Promedica Courier Services Inc

What it reported doing in 2024

Founded in 2007, promedica courier services, inc. Is part of promedica health system, inc. (promedica), a mission-based, locally owned, nonprofit healthcare organization highly focused on achieving core values. Headquartered in toledo, Ohio, promedica serves 17 states across the country and is one of the nation's leading health systems. Our stewardship of resources has enabled us to wisely invest in patient-centered care, advanced technology, innovative programs, and family-oriented facilities that help to ensure patients and area residents have equal access to high-quality, safe care in the most appropriate setting, regardless of patients' ability to pay. The primary goal of promedica courier services, inc. Is to provide specimen courier services to promedica and its affiliates. To that end, promedica courier services, inc. Provides a range of courier services to various constituencies, with an emphasis on speed and accuracy. Laboratories compose the majority of promedica courier services, inc.'s work; additionally, through mail and document delivery, all promedica entities benefit from this service.during 2024, promedica courier services, inc. Transported more than 2.71 million specimens; 4,500 x-rays; 14,000 signature slips; handled more than 25,100 stat calls, 13,600 moves and nearly a million pieces of mail and packages. We traveled more than 1.80 million miles to serve the region with nearly 300,000 stops for the year.promedica courier services, inc. Also served the community by supporting events in partnership with organizations such as the boys and girls club, susan g. Komen's race for the cure and the american heart association's heart walk.as the needs of our customers change, promedica courier services, inc. Continues to identify new opportunities to serve patients and support community partners as appropriate. During 2024, courier expended $2,320,000 in net payroll, providing 96 jobs in northwest Ohio and southeast Michigan. A total of $145,000 was withheld in employee state and local taxes. In summary, promedica courier services, inc. Demonstrates promedica's charitable mission and core values by providing high-quality services to its constituents in support of all our patients, regardless of their race, creed, sex, national origin, disability, or age. And we recognize that not all individuals possess the ability to purchase essential medical care. Therefore, promedica provides these healthcare services; recruits and trains healthcare professionals to serve the broader community; provides appropriate financial assistance; offers services and contributions to other nonprofit organizations that allow them to provide key services to their customers; and presents free educational classes, health fairs and other activities to our local community to help ensure all members have equal access to care.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90.9%; rating input score 91; 5th 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: No; rating input score 0

Accountability

• Independent voting board: 62.5%; rating input score 62; 10th 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: -0.6%; rating input score 31; 31st percentile among comparable filings
• Total-asset coverage ratio: 0.26; rating input score 8; 8th percentile among comparable filings
• Liabilities to assets ratio: 0.48; rating input score 22; 22nd percentile among comparable filings
• Officer compensation ratio: 2.2%; rating input score 74; 74th percentile among comparable filings

Growth

• Program expense growth: 2.1% per year; rating input score 100; 22nd percentile among comparable filings
• Revenue growth: 2.4% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 7.9% per year; rating input score 100; 49th percentile among comparable filings