Promedica Continuum Services
- Assets
- $9.4m
- Revenue
- $66.6m
- Investments
- $561.6k
- Employees
- 23
- Location
- Toledo, OH
- Founding
- 05/2000
- Data as of
- 12/2022
- 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. As of 12/2022, Promedica Continuum Services employed 23 individuals. 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 12/2022, Promedica Continuum Services generated $66.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $65.9m during the year ending 12/2022. 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
2022
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 |
|---|---|---|---|
Alex J Gerken Trustee | Trustee | 1 | $0 |
Angela M Sheets Trustee | Trustee | 1 | $0 |
Ann Rhee Trustee | Trustee | 1 | $0 |
Barbara A Phibbs RN Lac Trustee | Trustee | 1 | $0 |
Barry F Luse Trustee | Trustee | 1 | $0 |
David A Snavely Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Hospitalist Direct Physician Coverage | 12/30/16 | $2,556,507 |
Athena Health Inc Billing Services | 12/30/16 | $5,998,934 |
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 | $37,552,120 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$107,656 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $66,631,454 |
| 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 | $1,354,375 |
| Pension plan accruals and contributions | $36,716 |
| Other employee benefits | $181,229 |
| Payroll taxes | $101,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $238,440 |
| Advertising and promotion | $0 |
| Office expenses | $46,608 |
| Information technology | $23 |
| Royalties | $0 |
| Occupancy | $26,086 |
| Travel | $74,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $232,823 |
| Insurance | $0 |
| All other expenses | $388,910 |
| Total functional expenses | $65,917,850 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $435 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,870,729 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,510,367 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $444,294 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $561,636 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $334 |
| Total assets | $9,387,795 |
| Accounts payable and accrued expenses | $26,884,286 |
| 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 | $4,262,266 |
| Total liabilities | $31,146,552 |
| Net assets without donor restrictions | -$21,758,757 |
| 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 | $9,387,795 |
Grants Awarded
Over the last fiscal year, Promedica Continuum Services has awarded $7,280,484 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PROMEDICA PHYSICIAN GROUP PURPOSE: OPERATING GRANT | $6,705,930 |
VISITING NURSE HOSPICE AND HEALTH CARE PURPOSE: OPERATING GRANT | $574,554 |