Promedica Continuum Services
- Assets
- $73.3m
- Revenue
- $62.3m
- Investments
- $292.6k
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 05/2000
- Data as of
- 12/2021
- EIN
- 34-1880767
Organization Overview
Promedica Continuum Services is located in Toledo, OH. The organization was established in 2000. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promedica Continuum Services 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 Continuum Services generated $62.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $60.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMEDICA CONTINUUM SERVICES IS A MEDICAL SERVICE ORGANIZATION THAT WAS CREATED TO MANAGE THE PHYSICIAN SERVICES COMPONENT OF PROMEDICA HEALTH SYSTEM, INC.'S INTEGRATED DELIVERY NETWORK.
Describe the Organization's Program Activity:
PROMEDICA CONTINUUM SERVICES PROVIDES PHARMACY SERVICES TO ENHANCE THE RECOVERY PROCESS AND ENABLE PATIENTS' TREATMENT AT HOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randall Oostra Ex Officio, Phs Pres. & CEO | OfficerTrustee | 1 | $0 |
Lisa G Hawker Chairman | OfficerTrustee | 1 | $0 |
Angela Brandt Pres., Ex Officio (partial Year) | OfficerTrustee | 1 | $0 |
Jeffrey C Kuhn Secretary, Chief Legal Officer | Officer | 1 | $0 |
Steven M Cavanaugh Treasurer, CFO | Officer | 1 | $0 |
James H Brennan Jr Ex Officio | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Athena Health Inc Billing Services | 12/30/16 | $5,998,934 |
Hospitalist Direct Physician Coverage | 12/30/16 | $2,556,507 |
Staff Care Inc Physician Coverage | 12/30/16 | $1,848,356 |
Barton & Associates Inc Physician Coverage | 12/30/16 | $1,056,008 |
Weatherby Locums Inc Physician Coverage | 12/30/16 | $779,385 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,713,016 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $62,284,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,223,214 |
| Pension plan accruals and contributions | $25,114 |
| Other employee benefits | $277,585 |
| Payroll taxes | $126,473 |
| Fees for services: Management | $385 |
| Fees for services: Legal | $59,713 |
| Fees for services: Accounting | $5,794 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $401,557 |
| Advertising and promotion | $26,881 |
| Office expenses | $280,628 |
| Information technology | $65,129 |
| Royalties | $0 |
| Occupancy | $89,227 |
| Travel | $5,846 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $164,207 |
| Insurance | $2,448 |
| All other expenses | $82,221 |
| Total functional expenses | $60,804,889 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,607,609 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,475,268 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,255,018 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $677,118 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $292,642 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,307,655 |
| Accounts payable and accrued expenses | $66,506,575 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $50,804,251 |
| Total liabilities | $117,310,826 |
| Net assets without donor restrictions | -$44,003,171 |
| Net assets with donor restrictions | $0 |
| 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 | $73,307,655 |
Grants Awarded
Over the last fiscal year, Promedica Continuum Services has awarded $7,280,484 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Toledo, OH PURPOSE: OPERATING GRANT | $6,705,930 |
Toledo, OH PURPOSE: OPERATING GRANT | $574,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Promedica Continuum Services has recieved totaling $32,022.
| Awarding Organization | Amount |
|---|---|
Eleanor A Bainbridge 210320 Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $32,022 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Public Health Institute Okemos, MI | $32,297,029 | $129,374,853 |
Commonwealth Health Corporation Inc Bowling Green, KY | $147,547,590 | $131,659,305 |
Wheeling Hospital Inc Wheeling, WV | $275,589,761 | $110,733,229 |
Lakeland Hospitals At Niles & St Joseph Inc Saint Joseph, MI | $930,527,591 | $126,281,999 |
Munson Healthcare Traverse City, MI | $122,228,046 | $96,733,735 |
Mercy Life Center Corporation Pittsburgh, PA | $112,504,753 | $111,350,814 |
Carbon Schiylkill Community Hospital Inc Allentown, PA | $59,769,388 | $99,125,691 |
Thomas Health System Inc S Charleston, WV | $66,489,070 | $891,312 |
Mercy Management Of Southeastern Pennsylvania Newtown Square, PA | $35,720,609 | $73,428,076 |
Mymichigan Health Midland, MI | $954,174,034 | $69,907,530 |
Mount Nittany Medical Center Health Services Inc State College, PA | $76,955,492 | $122,027,068 |
Trinity Health Of The Mid-Atlantic Region Newtown Square, PA | $176,808,635 | $95,052,578 |