ASPIRUS ONTONAGON HOSPITAL INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

9068848000

Tax Period

2024-07-01 to 2025-06-30

ASPIRUS ONTONAGON HOSPITAL INC, founded in 2007, is a small nonprofit in the Health Care sector that reported $646K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $422K, a strong 65% operating margin.

Mission

WE HEAL PEOPLE, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $203,848 Revenue: $571,759

ASPIRUS ONTONAGON HOSPITAL CEASED OPERATIONS ON APRIL 20, 2024. THE FAMILY PRACTICE CLINIC, OUTPATIENT THERAPIES, AND RETAIL PHARMACY ALL BECAME DEPARTMENTS OF ASPIRUS KEWEENAW HOSPITAL, A RELATED...

ASPIRUS ONTONAGON HOSPITAL CEASED OPERATIONS ON APRIL 20, 2024. THE FAMILY PRACTICE CLINIC, OUTPATIENT THERAPIES, AND RETAIL PHARMACY ALL BECAME DEPARTMENTS OF ASPIRUS KEWEENAW HOSPITAL, A RELATED ENTITY; ALL OTHER SERVICES CEASED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,580

Program Service Revenue $571,759

Investment Income $36,223

Other Revenue $6,704

TOTAL REVENUE $646,266

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $203,848

Other Expenses $223,909

TOTAL EXPENSES $223,909

Year-over-Year Comparison

	2024	2023	Change
Revenue	$646,266	$8,203,948	-0.9%
Expenses	$223,909	$11,361,976	-1.0%
Net Income	$422,357	$-3,158,028	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,334,296

Total Directors

$5,265,686

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PIETILA MD	BOARD MEMBER/RADIOLOGIST	1.00	Director	$0	$50,605	$1,012,932
CONSTANCE BRADLEY	BOARD MEMBER/SVP-PRES. REG. MARKETS	1.00	Director	$0	$125,769	$912,293
DANIEL J LUKES DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$41,045	$848,309
JENNIFER REDMAN-SCHELL	VICE CHAIR/SVP & PRESIDENT-AMG	1.00	Officer Director	$0	$105,151	$832,530
JONATHAN BRUEGGEMAN	BOARD MEMBER/MEDICAL DIRECTOR	1.00	Director	$0	$51,071	$522,918
PATRICK TINCHER JR	BOARD MEMBER/VP-FIN. REG. OPS. (THRU 01/24)	1.00	Director	$0	$50,390	$419,681
KRISTEN D MESKE NP-C	BOARD MEMBER/NP (THRU 09/24)	1.00	Director	$0	$4,057	$165,741
LORI P PECK	BOARD MEMBER/VP-FINANCE	1.00	Director	$0	$11,487	$551,282
JOHN D MATONICH	CHAIR	1.00	Officer Director	$0	$0	$0
KIRK R SCHOTT OD	TREASURER (THRU 12/24)	1.00	Officer Director	$0	$0	$0
KATIE L CLARK	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
HANNAH L GOODMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD J KOUBEK PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLY A LOPER	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN L MENEZUGGO	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$361,440	$4,230,174
JERRY M YANG	SVP-CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$138,394	$815,634
CHRISTINE HARFF	(NV) BOARD MEMBER/PRESIDENT	1.00	Officer	$0	$34,131	$455,958
NATALIE SEABER	(NV)PRES.-ASP. MI REG. (BEG MAY '25)	1.00	Officer	$0	$0	$0
JESSE TISCHER	FORMER BOARD MEMBER/SVP & PRES	1.00		$0	$5,855	$738,834
SIDNEY SCZYGELSKI	SR. VP OF FIN./CFO (FORMER)	2.00		$0	$37,990	$1,508,031

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$646,266	$223,909	$326,103	$422,357
2024	No data	No data	No data	No data
2023	$11,414,108	$12,981,613	$6,154,218	$-1,567,505
2022	$12,215,002	$14,117,212	$7,267,316	$-1,902,210
2021	$14,759,485	$14,833,623	$11,394,285	$-74,138
2020	$14,541,563	$14,286,485	$13,314,651	$255,078
2019	$14,856,722	$15,564,850	$7,486,038	$-708,128
2018	$14,207,587	$15,566,483	$8,024,166	$-1,358,896