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Nonprofiteer
← PROMEDICA HEALTH SYSTEM INC

Form 990 for tax year 2023

Filed by PROMEDICA HEALTH SYSTEM INC.

Totals

Total revenue
$327,862,575
Total expenses
$433,307,277
Contributions and grants received
$0
Grants paid
$6,236,958
Program service revenue
$319,095,062
Investment income
$6,049,063
Other revenue
$2,718,450
Total assets, end of year
$854,134,157
Total liabilities, end of year
$326,317,247
Net assets or fund balances, end of year
$527,816,910
Program services expenses (Part IX)
$254,125,448
Management and general expenses
$179,181,829
Fundraising expenses
$0
Program service expenses (Part III)
$254,125,448

Program services were 58.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $319,095,062 · related or exempt $319,095,062

  • 3 · Investment income

    total $6,352,900 · unrelated business -$39,485 · excluded $6,392,385

  • 6a · Gross rents

    real property $3,490,368

  • 6b · Less rental expenses

    real property $5,120,291

  • 6c · Rental income or loss

    real property -$1,629,923

  • 6d · Net rental income or loss

    total -$1,629,923 · excluded -$1,629,923

  • 7b · Less cost or other basis and sales expenses

    other assets $303,837

  • 7c · Gain or loss

    other assets -$303,837

  • 7d · Net gain or loss

    total -$303,837 · excluded -$303,837

  • 11a · Other revenue: GROCERY STORE

    total $2,574,992 · unrelated business $927,745 · excluded $1,647,247

  • 11b · Other revenue: PARKING

    total $968,473 · unrelated business $968,473

  • 11c · Other revenue: FOOD SERVICE

    total $242,675 · unrelated business $242,675

  • 11d · All other revenue

    total $562,233 · excluded $562,233

  • 11e · Other revenue, total

    $4,348,373

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $6,236,958 · program services $6,236,958

  • 5 · Compensation of officers, directors and key employees

    total $9,375,656 · management and general $9,375,656

  • 7 · Other salaries and wages

    total $121,610,918 · program services $24,322,184 · management and general $97,288,734

  • 9 · Other employee benefits

    total $21,221,797 · program services $4,244,359 · management and general $16,977,438

  • 10 · Payroll taxes

    total $10,361,626 · program services $2,072,325 · management and general $8,289,301

  • 11a · Fees: management

    total $857,183 · management and general $857,183

  • 11b · Fees: legal

    total $891,653 · management and general $891,653

  • 11c · Fees: accounting

    total $1,153,000 · management and general $1,153,000

  • 11d · Fees: lobbying

    total $112,420 · management and general $112,420

  • 11g · Fees: other

    total $138,016,590 · program services $110,503,208 · management and general $27,513,382

  • 12 · Advertising and promotion

    total $1,346,885 · program services $1,077,508 · management and general $269,377

  • 13 · Office expenses

    total $2,374,200 · program services $1,899,360 · management and general $474,840

  • 14 · Information technology

    total $2,831,778 · program services $2,265,422 · management and general $566,356

  • 16 · Occupancy

    total $1,099,972 · program services $879,978 · management and general $219,994

  • 17 · Travel

    total $1,255,245 · program services $1,004,196 · management and general $251,049

  • 20 · Interest

    total $7,544,380 · management and general $7,544,380

  • 22 · Depreciation, depletion and amortization

    total $27,887,861 · program services $22,310,289 · management and general $5,577,572

  • 23 · Insurance

    total $1,165,396 · program services $932,317 · management and general $233,079

  • 24a · Other expenses: RESTRUCTURING COSTS

    total $70,016,185 · program services $70,016,185

  • 24b · Other expenses: UTILITIES

    total $7,436,477 · program services $5,949,182 · management and general $1,487,295

  • 24c · Other expenses: SUPPLIES

    total $44,238 · program services $35,390 · management and general $8,848

  • 24d · Other expenses: INTERCOMPANY SERVICES

    total $15,497 · program services $15,497

  • 24e · All other expenses

    total $451,362 · program services $361,090 · management and general $90,272

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $98,475,250 · end of year $40,496,283

  • 2 · Savings and temporary cash investments

    beginning of year $80,982,365 · end of year $43,320,369

  • 4 · Accounts receivable

    beginning of year $2,985,405 · end of year $6,278,541

  • 7 · Other notes and loans receivable

    beginning of year $23,146,076 · end of year $30,904,573

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $90,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52,547,199 · end of year $43,058,673

  • 10a · Land, buildings and equipment: cost or other basis

    $461,388,669

  • 10b · Land, buildings and equipment: accumulated depreciation

    $271,440,460

  • 10c · Land, buildings and equipment, net

    beginning of year $219,045,186 · end of year $189,948,209

  • 12 · Investments: other securities

    beginning of year $2,428,159 · end of year $3,467,664

  • 14 · Intangible assets

    beginning of year $1,040,713 · end of year $684,726

  • 15 · Other assets

    beginning of year $1,247,139,984 · end of year $495,884,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,214,771 · end of year $62,701,874

  • 19 · Deferred revenue

    beginning of year $2,177,071 · end of year $2,235,252

  • 23 · Secured mortgages and notes payable

    beginning of year $27,634,440 · end of year $42,666,286

  • 25 · Other liabilities

    beginning of year $172,048,440 · end of year $218,713,835

  • 27 · Net assets without donor restrictions

    beginning of year $1,234,766,825 · end of year $499,197,472

  • 28 · Net assets with donor restrictions

    beginning of year $24,948,790 · end of year $28,619,438

Mission and programs · 2023

Mission

BASED IN TOLEDO, OHIO, 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. IT IS GUIDED BY ITS CORE VALUES OF COMPASSION, INNOVATION, TEAMWORK, AND EXCELLENCE.

Activities or mission (Part I)

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.

  • ESTABLISHED IN 1986, PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA) IS A MISSION-BASED, LOCALLY OWNED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION HIGHLY FOCUSED ON ACHIEVING CORE VALUES. HEADQUARTERED IN TOLEDO, OHIO, WE ARE AMONG THE REGION'S LARGEST EMPLOYERS, PROMEDICA PLAYS A SIGNIFICANT ROLE IN ECONOMIC DEVELOPMENT AND STABILITY IN OUR REGION. WE CREATE A DIRECT ECONOMIC IMPACT WITH OUR REVENUE, PAYROLL AND EMPLOYMENT. ADDITIONALLY, SPENDING ON SERVICES AND MATERIALS WITH VENDORS IN OUR REGION CREATES AN INDIRECT ECONOMIC BENEFIT. BASED ON NEEDS THAT WE HAVE ASSESSED WITHIN THE COMMUNITIES WE SERVE; PROMEDICA COLLABORATES WITH THE COMMUNITY ON SERVICES AND PROGRAMS ANNUALLY TO HELP MEET THE GROWING DEMANDS OF LOCAL CONSUMERS ACROSS ALL SPECTRUMS OF LIFE, INCLUDING THOSE INDIVIDUALS WHO ARE OFTEN THE MOST VULNERABLE WHEN IT COMES TO HEALTH CARE: THE ELDERLY, POOR AND UNDERSERVED.OUR PHYSICIANS AND PROVIDERS, LEADERSHIP TEAM MEMBERS, RESIDENTS, AND EMPLOYEES INDIVIDUALLY CONTRIBUTE PERSONAL RESOURCES TO THE COMMUNITY IN NUMEROUS WAYS - SUCH AS THROUGH TUTORING ELEMENTARY STUDENTS IN READING AND OTHER LIFE SKILLS, PROVIDING HEALTH AND WELLNESS PROGRAMMING FOR OUR COMMUNITIES, GENEROUSLY CONTRIBUTING TO COMMUNITY FUNDRAISING CAMPAIGNS, SERVING ON LOCAL NOT-FOR-PROFIT BOARDS, AND DONATING NONPERISHABLE FOODS AND CLOTHING ITEMS TO NUMEROUS LOCAL COMMUNITY ORGANIZATIONS - UNDERSCORING A KEY BENEFIT OF PROMEDICA BEING LOCALLY OWNED AND OPERATED. PROMEDICA'S SPECIALIZED CARE INCLUDES ONCOLOGY, ORTHOPAEDICS, HEART AND VASCULAR, NEUROLOGY, REHABILITATIVE, AND BEHAVIORAL MEDICINE, AS WELL AS WOMEN'S SERVICES AND PEDIATRIC CARE. A FUNDAMENTAL PART OF OUR MISSION IS THAT OUR SERVICES ARE TAILORED TO THE NEEDS OF OUR COMMUNITIES, AND THEY ARE AVAILABLE TO EVERYONE IN OUR COMMUNITY, REGARDLESS OF THEIR ABILITY TO PAY. PROMEDICA GOES BEYOND INDUSTRY STANDARDS IN MEETING THE GOAL OF PROVIDING CARE TO EVERYONE, REGARDLESS OF THEIR ABILITY TO PAY. WE PROVIDE HOSPITAL CARE FREE-OF-CHARGE TO ALL FAMILIES WITHOUT INSURANCE WITH INCOMES AT OR BELOW 200% OF THE FEDERAL POVERTY LEVEL. IN ADDITION TO FREE CARE FOR THOSE FAMILIES UNDER THIS FEDERAL POVERTY LEVEL, MEDICALLY NECESSARY SERVICES ARE PROVIDED AT DISCOUNTED RATES BASED ON A SLIDING SCALE DEPENDING ON INCOME LEVEL AND INSURANCE STATUS.IN SUMMARY, PROMEDICA DEMONSTRATES ITS MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY HEALTH CARE TO ALL 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, WE PROVIDE THESE HEALTH CARE SERVICES; RECRUIT AND TRAIN HEALTH CARE PROFESSIONALS TO SERVE THE BROADER COMMUNITY; PROVIDE APPROPRIATE FINANCIAL ASSISTANCE; OFFER SERVICES AND CONTRIBUTIONS TO OTHER NONPROFIT ORGANIZATIONS THAT ALLOW THEM TO PROVIDE KEY SERVICES TO THEIR CONSTITUENTS; AND PRESENT FREE EDUCATIONAL CLASSES, HEALTH FAIRS AND OTHER ACTIVITIES TO OUR LOCAL COMMUNITY TO HELP ENSURE ALL MEMBERS HAVE EQUAL ACCESS TO CARE.

    Expenses $254,125,448 · Grants $6,236,958 · Revenue $319,095,062

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Bingle

    TRUSTEE/PHYSICIAN

    Total calculated
    $1,800
    From this org
    $0
    From related orgs
    $1,800
    Other
    $0
    Hours/week
    1

  • Jim Hoffman

    TRUSTEE

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Thomas Winston

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lisa A McDuffie Mssa

    TRUSTEE

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Lisa Hawker

    TRUSTEE

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 14 related

  • Mark Wagoner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Sauder

    TRUSTEE

    Total calculated
    $40,000
    From this org
    $40,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Maryjane A Wurth Ms

    TRUSTEE

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 7 related

  • Michael Bauer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ravi Narra MD

    TRUSTEE/PHYSICIAN

    Total calculated
    $556,676
    From this org
    $0
    From related orgs
    $550,819
    Other
    $5,857
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $319,380 related
    Bonus
    $0 + $229,897 related
    Other
    $0 + $1,542 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $5,857 related
    Filer's total
    $0 + $556,676 related

  • Robert Laclair

    CHAIRMAN

    Total calculated
    $30,000
    From this org
    $30,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 23 related

  • Darrell Cambpell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stephen Staelin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Jim White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 7 related

  • Kurt Darrow

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Arturo Polizzi

    PRESIDENT AND CEO

    Total calculated
    $2,127,450
    From this org
    $2,121,593
    From related orgs
    $0
    Other
    $5,857
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $1,315,647
    Bonus
    $789,979
    Other
    $15,967
    Deferred
    $0
    Nontaxable benefits
    $5,857
    Filer's total
    $2,127,450

  • Stephen Sadowski

    CHIEF LEGAL OFFICER

    Total calculated
    $1,413,208
    From this org
    $1,407,180
    From related orgs
    $0
    Other
    $6,028
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $625,095
    Bonus
    $774,925
    Other
    $7,160
    Deferred
    $0
    Nontaxable benefits
    $6,028
    Filer's total
    $1,413,208

  • Terrence Metzger

    TREASURER-CFO

    Total calculated
    $1,059,169
    From this org
    $1,055,090
    From related orgs
    $0
    Other
    $4,079
    Hours/week
    20 + 35 related

    Schedule J breakdown matched by us

    Base
    $480,090
    Bonus
    $575,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $4,079
    Filer's total
    $1,059,169

  • Louis Robichaux

    TREASURER - PART YEAR

    Total calculated
    $0
    Hours/week
    20 + 35 related

  • Kent Bishop

    PRESIDENT PPG

    Total calculated
    $1,441,883
    From this org
    $1,437,763
    From related orgs
    $0
    Other
    $4,120
    Hours/week
    41 + 14 related

    Schedule J breakdown matched by us

    Base
    $679,900
    Bonus
    $752,663
    Other
    $5,200
    Deferred
    $0
    Nontaxable benefits
    $4,120
    Filer's total
    $1,441,883

  • Dawn Buskey

    PRESIDENT ACUTE CARE

    Total calculated
    $1,417,737
    From this org
    $1,412,400
    From related orgs
    $0
    Other
    $5,337
    Hours/week
    36 + 19 related

    Schedule J breakdown matched by us

    Base
    $658,750
    Bonus
    $751,150
    Other
    $2,500
    Deferred
    $0
    Nontaxable benefits
    $5,337
    Filer's total
    $1,417,737

  • Justin Skiver

    PRESIDENT PROMEDICA SENIOR CARE

    Total calculated
    $921,709
    From this org
    $914,603
    From related orgs
    $0
    Other
    $7,106
    Hours/week
    35 + 10 related

    Schedule J breakdown matched by us

    Base
    $509,605
    Bonus
    $404,998
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $7,106
    Filer's total
    $921,709

  • Andrew Gottman

    VP HUMAN RESOURCES

    Total calculated
    $739,890
    From this org
    $733,099
    From related orgs
    $0
    Other
    $6,791
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $393,099
    Bonus
    $340,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,791
    Filer's total
    $739,890

  • Angela Brandt

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $1,236,230
    From this org
    $1,233,231
    From related orgs
    $0
    Other
    $2,999
    Hours/week
    37 + 8 related

    Schedule J breakdown matched by us

    Base
    $630,060
    Bonus
    $597,921
    Other
    $5,250
    Deferred
    $0
    Nontaxable benefits
    $2,999
    Filer's total
    $1,236,230

  • Lori Johnston

    PRESIDENT PARAMOUNT

    Total calculated
    $836,325
    From this org
    $830,869
    From related orgs
    $0
    Other
    $5,456
    Hours/week
    44 + 1 related

    Schedule J breakdown matched by us

    Base
    $699,768
    Bonus
    $122,448
    Other
    $8,653
    Deferred
    $0
    Nontaxable benefits
    $5,456
    Filer's total
    $836,325

  • Karen Strauss

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $685,395
    From this org
    $682,542
    From related orgs
    $0
    Other
    $2,853
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $682,542
    Deferred
    $0
    Nontaxable benefits
    $2,853
    Filer's total
    $685,395

  • Timothy Roberts

    VP TREASURY

    Total calculated
    $624,891
    From this org
    $619,519
    From related orgs
    $0
    Other
    $5,372
    Hours/week
    42 + 3 related

    Schedule J breakdown matched by us

    Base
    $305,769
    Bonus
    $313,750
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $5,372
    Filer's total
    $624,891

  • Floyd Chasse

    CHIEF HR OFFICER

    Total calculated
    $551,730
    From this org
    $548,330
    From related orgs
    $0
    Other
    $3,400
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $243,969
    Bonus
    $300,000
    Other
    $4,361
    Deferred
    $0
    Nontaxable benefits
    $3,400
    Filer's total
    $551,730

  • Steven M Cavanaugh

    TREASURER, CFO - FORMER

    Total calculated
    $1,340,837
    From this org
    $1,335,180
    From related orgs
    $0
    Other
    $5,657
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $1,335,180
    Deferred
    $0
    Nontaxable benefits
    $5,657
    Filer's total
    $1,340,837

  • Jeffrey C Kuhn

    CHIEF LEGAL OFFICER - FORMER

    Total calculated
    $779,348
    From this org
    $748,426
    From related orgs
    $0
    Other
    $30,922
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $26,526
    Bonus
    $0
    Other
    $721,900
    Deferred
    $26,526
    Nontaxable benefits
    $4,396
    Filer's total
    $779,348

  • Gary Akenberger

    SR VP FINANCE - FORMER

    Total calculated
    $572,179
    From this org
    $0
    From related orgs
    $528,647
    Other
    $43,532
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $246,095 related
    Bonus
    $0 + $83,570 related
    Other
    $0 + $198,982 related
    Deferred
    $0 + $36,639 related
    Nontaxable benefits
    $0 + $6,893 related
    Filer's total
    $0 + $572,179 related

  • Matthew Kang

    CFO SENIOR CARE - FORMER

    Total calculated
    $583,664
    From this org
    $583,664
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $583,664
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $583,664

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINES 4A-B
UNDER A VOLUNTARY TERMINATION AGREEMENT ENTERED INTO BY THE EMPLOYEE AND THE ORGANIZATION OR UPON A QUALIFYING TERMINATION DEFINED AS AN INVOLUNTARY SEPARATION FROM SERVICE OTHER THAN FOR CAUSE, THE EMPLOYEE IS ENTITLED TO SEVERANCE PAY BASED UPON YEARS OF SERVICE. THE TERMS AND CONDITIONS TO RECEIVE SEVERANCE PAYMENTS REQUIRE THE EMPLOYEE TO SIGN A RELEASE OF CLAIMS FORM THAT COVERS ALL SITUATIONS SURROUNDING THE EMPLOYEE'S EMPLOYMENT AND SEPARATION FROM PROMEDICA. STEVEN CAVANAUGH RECEIVED SEVERANCE PAYMENTS FROM PROMEDICA HEALTH SYSTEM IN THE AMOUNT OF $1,335,180 DURING 2023. JEFFERY KUHN RECEIVED SEVERANCE PAYMENTS FROM PROMEDICA HEALTH SYSTEM IN THE AMOUNT OF $721,900 DURING 2023. MATTHEW KANG RECEIVED SEVERANCE PAYMENTS FROM PROMEDICA HEALTH SYSTEM IN THE AMOUNT OF $583,664 DURING 2023. GARY AKENBERGER RECEIVED SEVERANCE PAYMENTS FROM A RELATED ORGANIZATION, THE TOLEDO HOSPITAL, IN THE AMOUNT OF $195,150 DURING 2023. KAREN STRAUSS RECEIVED SEVERANCE PAYMENTS FROM PROMEDICA HEALTH SYSTEM IN THE AMOUNT OF 682,542 DURING 2023. ELIGIBLE EMPLOYEES PARTICIPATE IN VARIOUS NONQUALIFIED DEFERRED COMPENSATION PLANS ORGANIZED UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES, BUT THEY INCLUDE: COMPENSATION LIMITATION MAKE-UP PLANS, VOLUNTARY DEFERRAL PLANS, DEFERRAL OF A PORTION OF INCENTIVE BONUS TYPE PLANS, ETC. ANY AMOUNT ULTIMATELY PAID UNDER THE PROGRAM TO THE EMPLOYEE IS REPORTED AS COMPENSATION ON FORM 990, SCHEDULE J, PART II, COLUMN B IN THE YEAR PAID. NO SUPPLEMENTAL NONQUALIFIED PLAN PAYMENTS WERE MADE DURING THE YEAR TO ANY LISTED PERSONS IN PART VII.
PART I, LINE 6
CERTAIN PHYSICANS AND OTHER LISTED PERSONS RECEIVED INCENTIVES BASED ON INDIVIDUAL PRODUCTIVITY NET EARNINGS.
PART I, LINE 7
AN INCENTIVE BONUS IS PAID TO ALL EXECUTIVES BASED ON ATTAINMENT OF FINANCIAL AND NON-FINANCIAL GOALS, TYPICALLY IN THE AREAS OF 1) PATIENT SATISFACTION; 2) EMPLOYEE ENGAGEMENT; 3) GROWTH; 4) QUALITY AND SAFETY; AND 5) PROFITABILITY. CERTAIN LISTED EXECUTIVES RECEIVED A DISCRETIONARY BONUS BASED ON EXCEPTIONAL PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1611 MONROE INVESTORS LLC

    REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • 300 MADISON BUILDING LLC

    REAL ESTATE · OH · income -$1,575,903 · assets $33,359,451

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • BALL PARK PROPERTIES LLC

    REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • IST THEATRE LLC

    COMMUNITY ARTS FACILITY · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • KAPIOS LLC

    SOFTWARE DEVELOPMENT · OH · income $0 · assets $87,412

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • MARINA DISTRICT DEVELOPMENT LLC

    REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PHS VENTURES LLC

    HEALTH CARE MANAGEMENT SERVICES · DE · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA ACTIVE MOBILITY LLC

    DURABLE MEDICAL EQUIPMENT · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA INTERNATIONAL LLC

    CONSULTING SERVICES · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA SHARED SERVICES LLC

    HOLDING COMPANY · OH · income $319,600,689 · assets $78,323,486

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • TOLEDO INNOVATION LEVERAGED LENDER LLC

    HOLDING COMPANY · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • TOLEDO RIVERFRONT HOTEL LLC

    REAL ESTATE · OH · income $0 · assets $0

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NORMAN SPECIALTY HOSPITAL LLC

    HEALTH CARE · DE · general or managing partner

  • MERCYMANOR PARTNERSHIP

    SKILLED NURSING · PA · general or managing partner

  • THE SURGICAL INSTITUTE OF MONROE AMBULATORY SURGERY CENTER LLC

    AMBULATORY SURGICAL CENTER · MI

  • PROMEDICA SENIOR CARE OF GEORGIA LLC

    RELATED · SKILLED NURSING · OH · 90% owned · share of income $12,885 · share of assets $989 · general or managing partner

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA VENTURES INNOVATION FUND III LLC

    RELATED · HOLDING COMPANY · OH · 97% owned · share of assets $1,016,301

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • ROCKET VENTURE FUND II LLC

    RELATED · INVESTMENT FUND · OH · 66.66% owned · share of income -$635,683 · share of assets $4,308,618

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • SENIOR & REHAB CARE AT METROHEALTH LLC

    RELATED · SKILLED NURSING · OH · 51% owned · share of income -$1,755,425 · share of assets $7,556,677 · general or managing partner

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • AIR DIVERTER SOLUTIONS LLC

    DEVELOPMENT · OH

  • PROMEDICA DOWNTOWN CAMPUS LANDLORD LLC

    REAL ESTATE · OH · general or managing partner

  • NORTHWEST OHIO DEDICATED BREAST MRI LLC

    MEDICAL DIAGNOSTICS · OH · general or managing partner

  • PROMEDICA INTUITIVE MANAGEMENT OF OHIO LLC

    HEALTH CARE · MI

  • REYNOLDS ROAD SURGICAL CENTER LTD

    FREESTANDING AMBULATORY SURGICAL CENTER · OH

  • WEST CENTRAL SURGICAL CENTER LLC

    AMBULATORY SURGICAL CENTER · OH · general or managing partner

  • PROMEDICA MASTER TENANT LLC

    REAL ESTATE · OH · general or managing partner

  • ARROWHEAD BEHAVIORAL HEALTH LLC

    HEALTH CARE · PA · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HERRICK MEMORIAL DEVELOPMENT CORP

    C · FACILITY LEASING · MI · controlled entity

  • LENAWEE CLINICAL PARTNERS

    C · PHYSICIAN SUPPORT · OH · controlled entity

  • PROMEDICA SENIOR CARE OF PISCATAWAY NJ LLC

    C · SKILLED NURSING · NJ · controlled entity

  • HERRICK MEMORIAL OFFICE PLAZA CONDOMINIUM ASSOCIATION

    C · FACILITY MANAGEMENT · MI · controlled entity

  • MONROE HEALTH VENTURES INC

    C · PHARMACY · MI · controlled entity

  • PROMEDICA MANAGER MEMBER LLC

    C · REAL ESTATE · OH · 100% owned · controlled entity

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA INSURANCE CORP INC AND SUBSIDIARIES

    C · HEALTH CARE INSURANCE · OH · 100% owned · share of assets $202,413,565 · controlled entity

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA INNOVATIONS LLC

    C · INVESTMENT COMPANY · OH · 100% owned · share of income -$2,586,190 · share of assets $823,402 · controlled entity

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA HEALTH NETWORK INC

    C · PHYSICIAN MANAGEMENT SERVICES · OH · 100% owned · share of income -$786,605 · share of assets $4,298,025 · controlled entity

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PHS TOLEDO INNOVATION CENTER HOLDINGS LLC

    C · HOLDING COMPANY · OH · 100% owned · controlled entity

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • FORT INDUSTRY JV PARTNER LLC

    C · REAL ESTATE · OH · 100% owned · share of income -$14,840 · controlled entity

    Directly controlled by PROMEDICA HEALTH SYSTEM INC

  • PROMEDICA NORTH PHYSICIAN CORPORATION

    C · PHYSICIAN HEALTH CARE SERVICES · OH · controlled entity

  • PROMEDICA AT HOME INC

    C · PHYSICIAN SUPPORT · MI · controlled entity

  • PROMEDICA CENTRAL CORPORATION OF MICHIGAN

    C · PHYSICIAN HEALTH CARE SERVICES · OH · controlled entity

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433199349306048

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