Promedica Physicians at Home Inc

Nonprofit profile at a glance

EIN
852181349
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Toledo, OH, USA
Phone
4192525772
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$494
Expenses
$229
Assets
$1,397
Liabilities
$0

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

As an integral part of promedica health system, inc., we will be the premier community-based management services organization and provider of related healthcare services for 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 physicians at home, inc. Is a physician group formed in 2020 as an innovative response to the need to provide hospital-level care in the comfort of a patient's home during the covid-19 pandemic. Promedica physicians at home, inc. Will combine promedica's extensive network of in-home care providers with effective care at home for patients with select chronic conditions or diagnoses such as heart failure, pneumonia or copd. The care team consists of physicians, nurse practitioners, registered nurses, and may include other healthcare professionals, such as physical or occupational therapists, as needed. Additionally, promedica acute care at home expanded its services to include care for select oncology patients by collaborating the promedica cancer center.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating 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

MIXED - Most voting board members are independent and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 59
  • Transparency & Controls: 55
  • Accountability: 69
  • Sustainability: 66
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 46.4%; rating input score 46
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th 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; 21st 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: 53.6%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 6.1; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 33,442.8%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -26.6% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -10.3% per year; rating input score 0; 31st percentile among comparable filings
  • Asset growth: 35.5% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 46.4% of revenue deployed · 100% of spending went to programs
  • Governance: 10 of 16 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $229 in reported program spending
  • Leadership: top reported pay $3.1M · 19 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 71 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.