Promedica Childrens Specialists

Promedica Childrens Specialists faces significant financial challenges with expenses consistently doubling revenue and rapidly increasing liabilities.

EIN: 208734161 · Toledo, OH · NTEE: E30 · Updated: 2026-03-28

$9.7MRevenue

$995KAssets

45/100Mission Score (Fair)

E30

About Promedica Childrens Specialists

Promedica Childrens Specialists (EIN: 208734161) is a nonprofit organization based in Toledo, OH, classified under NTEE code E30. The organization reported total revenue of $9.7M and total assets of $995K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Promedica Childrens Specialists's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Promedica Childrens Specialists exhibits concerning financial trends, with expenses consistently and significantly exceeding revenue over the past three years. In 2023, expenses were $18,042,382 against revenues of $8,225,593, indicating a substantial operating deficit. This pattern of spending nearly double its income raises questions about long-term sustainability and reliance on other funding sources or accumulated reserves, which are not evident in the reported assets. The organization's assets of $995,165 are dwarfed by its liabilities, which reached $13,988,677 in 2023, suggesting a precarious financial position.

The organization's transparency regarding executive compensation is positive, reporting 0% for officer compensation across all three filings, which indicates either no paid officers or that compensation is reported elsewhere. However, the significant and growing gap between revenue and expenses, coupled with increasing liabilities, warrants closer scrutiny into how these deficits are being managed and funded. Without a detailed breakdown of expenses, it's difficult to assess spending efficiency beyond the top-line figures.

While the mission to support children's specialists is vital, the financial health indicators suggest a need for a robust strategy to align expenses with revenue or secure more stable and substantial funding. The increasing liabilities, particularly the jump from $3,724,592 in 2022 to $13,988,677 in 2023, is a major concern that could impact the organization's ability to sustain its programs.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Promedica Childrens Specialists with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 75%
fundraising: 10%

According to IRS 990 filings, Promedica Childrens Specialists allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting either no paid officers or that compensation is covered by an affiliated entity, which is a positive indicator for direct program focus if true.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Promedica Childrens Specialists's IRS 990 filings:

Consistent and significant operating deficits (expenses nearly double revenue in 2023: $18M expenses vs. $8.2M revenue).
Rapidly increasing liabilities, jumping from $3.7M in 2022 to $13.9M in 2023.
Assets ($995,165) are significantly lower than liabilities ($13,988,677), indicating potential insolvency.

Strengths

The following positive indicators were identified for Promedica Childrens Specialists:

Reported 0% officer compensation across all filings, suggesting efficient use of funds for leadership or external support.
Focus on a critical mission (children's specialists).

Frequently Asked Questions about Promedica Childrens Specialists

How does Promedica Childrens Specialists fund the significant gap between its expenses and revenue, which was over $9.8 million in 2023?

The filings do not explicitly detail the funding sources covering the substantial operating deficits. This could be through parent organization subsidies, grants not classified as revenue, or drawing down reserves, though assets are relatively low compared to liabilities.

What caused the dramatic increase in liabilities from $3,724,592 in 2022 to $13,988,677 in 2023?

The IRS 990 summary data does not provide specific details on the nature of these liabilities. This significant increase warrants further investigation into the organization's balance sheet to understand its composition and implications.

What is the long-term sustainability plan given the consistent operating deficits?

The consistent trend of expenses far exceeding revenue suggests a need for a clear financial sustainability plan, which is not evident from the provided summary data. This pattern is not sustainable without external support or a significant change in financial strategy.

Filing History

IRS 990 filing history for Promedica Childrens Specialists showing financial trends over 3 years of public records:

Over 3 years of IRS 990 filings (2021–2023), Promedica Childrens Specialists's revenue has grown by 27.4%, moving from $6.5M to $8.2M. Total assets increased by 76.7% over the same period, from $713K to $1.3M. Total functional expenses rose by 30.5%, from $13.8M to $18.0M. In its most recent filing year (2023), Promedica Childrens Specialists reported a deficit of $9.8M, with expenses exceeding revenue. The organization holds $14.0M in liabilities against $1.3M in assets (debt-to-asset ratio: 1110.5%), resulting in net assets of $-12,728,980.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$8.2M	$18.0M	$1.3M	$14.0M	—	—
2022	$6.9M	$15.8M	$812K	$3.7M	—	View 990
2021	$6.5M	$13.8M	$713K	$5.2M	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $8.2M, expenses of $18.0M, and assets of $1.3M (revenue +18.4% year-over-year).
2022: Revenue of $6.9M, expenses of $15.8M, and assets of $812K (revenue +7.7% year-over-year).
2021: Revenue of $6.5M, expenses of $13.8M, and assets of $713K.

Data Sources and Methodology

This transparency report for Promedica Childrens Specialists is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.