Nonprofit · EIN 20-3376102
PARAMOUNT ADVANTAGE
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,154,106 | $972,754 | $3,181,352 | $500 | $0 | $500 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,913,780
- Investment income
- $1,850,374
- Net gain from sales of assets
- $16,883
- Other revenue
- $389,952
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $118,748
- Salaries, compensation and benefits (total)
- $126,080
- Professional fundraising fees
- $0
- Program services (functional)
- $701,822
- Management and general (functional)
- $270,932
Balance sheet and other
- Total assets, start of year
- $62,299,248
- Total assets, end of year
- $500
- Total liabilities, end of year
- $0
- Net assets, end of year
- $500
- Net assets without donor restrictions
- $500
- Gross receipts
- $4,154,106
- Employees
- 0
- Volunteers
- 1
- Year formed
- 2005
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ARTURO POLIZZI | CEO Officer | 1 | $0 | $3,119,320 | $14,012 |
| LORI JOHNSTON | PRESIDENT - PART YEAR Trustee or director, Officer | 1 | $0 | $1,610,991 | $4,521 |
| TERRENCE METZGER | TREASURER/PRESIDENT/CFO Officer | 1 | $0 | $1,209,318 | $6,610 |
| STEPHEN SADOWSKI | SECRETARY/CHIEF LEGAL OFFICER Officer | 1 | $0 | $1,180,376 | $6,038 |
| MARK WAGONER | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $70,000 | $0 |
| ELAINE CANNING | TRUSTEE Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 300 MADISON AVE STE 270, TOLEDO, OH 43604-1568
- Principal officer (990 for 2024)
- TERRENCE METZGER, 300 MADISON AVE 270, TOLEDO, OH 43604
- Signed the 990
- TERRENCE METZGER, CFO
- Phone
- (419) 252-5772
- Return prepared by
- PLANTE & MORAN PLLC
Mission
OUR MISSION IS TO IMPROVE THE HEALTH AND WELL-BEING OF THE COMMUNITIES WE SERVE.
Program accomplishments
- PARAMOUNT ADVANTAGE IS A MEMBER OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION-BASED, LOCALLY OWNED, NONPROFIT HEALTHCARE ORGANIZATION. HEADQUARTERED IN TOLEDO, OHIO, PROMEDICA OFFERS COMPREHENSIVE HEALTH SERVICES INCLUDING MEDICAL, SURGICAL, PSYCHIATRIC, REHABILITATIVE, SKILLED NURSING, HOME HEALTH, AND HOSPICE SERVICES IN 28 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. PARAMOUNT ADVANTAGE WAS A MEDICAID MANAGED CARE PLAN (MCP) CONTRACTED THROUGH THE OHIO DEPARTMENT OF MEDICAID (ODM) THAT PROVIDED HEALTH CARE SERVICES TO OHIO RESIDENTS ELIGIBLE FOR AGED, BLIND OR DISABLED, COVERED FAMILIES AND CHILDREN, OR ADULT EXTENSION MEDICAID BENEFITS VIA A STATEWIDE HEALTH MAINTENANCE ORGANIZATION (HMO) PLATFORM. THE MEDICAID CONTRACT WITH ODM HAS ENDED AND PARAMOUNT ADVANTAGE DISCONTINUED ITS MAIN BUSINESS OPERATIONS DURING 2023. FOR 2024, PARAMOUNT ADVANTAGE WORKED TO WRAP UP ANY REMAINING BUSINESS.Expenses $701,822 · revenue $1,913,780
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-3376102
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $500
- Income (IRS master file)
- $4,154,106
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $82,135,755 | $12,464,732 | $62,299,248 | IRS |
| 990 | December 2022 | $259,665,042 | $168,253,600 | $207,974,426 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about PARAMOUNT ADVANTAGE
- What is the EIN of PARAMOUNT ADVANTAGE?
- The employer identification number (EIN) of PARAMOUNT ADVANTAGE is 20-3376102.
- Is PARAMOUNT ADVANTAGE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PARAMOUNT ADVANTAGE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PARAMOUNT ADVANTAGE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PARAMOUNT ADVANTAGE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARAMOUNT ADVANTAGE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PARAMOUNT ADVANTAGE?
- The 990 for the year ended December 31, 2024 names TERRENCE METZGER.
- Who are the officers and directors of PARAMOUNT ADVANTAGE?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PARAMOUNT ADVANTAGE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,154,106, expenses of $972,754 and total assets of $500 at year end.
Other nonprofits in TOLEDO
- TOLEDO HOSPITAL EIN 34-4428256 · last filed 990 for 2024
- PROMEDICA CENTRAL PHYSICIANS LLC EIN 34-1881137 · last filed 990 for 2024
- HCR MANORCARE INC EIN 82-5373223 · last filed 990 for 2024
- PROMEDICA HEALTH SYSTEM INC EIN 34-1517671 · last filed 990 for 2024
- MERCY-MEMORIAL HOSPITAL CORPORATION EIN 38-1984289 · last filed 990 for 2024
- EMMA L BIXBY MEDICAL CENTER EIN 38-2796005 · last filed 990 for 2024
- BAY PARK COMMUNITY HOSPITAL EIN 34-1883132 · last filed 990 for 2024
- UNIVERSITY OF TOLEDO PHYSICIANS CLINICAL FACILITY INC EIN 20-1304472 · last filed 990 for 2025