ASPIRUS KEWEENAW HOSPITAL (EIN 381443361) - Form 990 Financial Analysis & Trantor Score

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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

1939

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

9063376500

Tax Period

2022-07-01 to 2023-06-30

ASPIRUS KEWEENAW HOSPITAL, founded in 1939, is a mid-sized nonprofit in the Health Care sector that reported $70.9M in total revenue in fiscal year 2022. Expenses of $67.5M left a modest 5% surplus.

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,525,132

Program Service Revenue $68,571,234

Investment Income $602,768

Other Revenue $160,667

TOTAL REVENUE $70,859,801

Expense Breakdown

Grants Paid $27,162

Salaries & Benefits $28,443,360

Fundraising Expenses $0

Program Expenses $49,891,933

Other Expenses $39,001,145

TOTAL EXPENSES $67,471,667

Year-over-Year Comparison

	2022	2021	Change
Revenue	$70,859,801	$65,806,503	+0.1%
Expenses	$67,471,667	$64,078,005	+0.1%
Net Income	$3,388,134	$1,728,498	+1.0%

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

347

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

$6,268,775

Total Directors

$5,274,785

Key Employees

$4,762,516

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE TISCHER	BOARD MEMBER/SVP & PRES. REG. MKTS.	1.00	Director	$0	$128,595	$910,170
JOHN PIETILA	BOARD MEMBER/RADIOLOGIST	1.00	Director	$0	$57,266	$934,005
MICHAEL HOLZHUETER	ASST SEC./SVP-GENERAL COUNSEL	2.00	Officer Director	$0	$123,676	$796,592
DANIEL J LUKES DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$46,236	$849,041
JENNIFER REDMAN-SCHELL	VICE-CHAIR/SVP-PRES. AMG	2.00	Officer Director	$0	$101,726	$742,874
JONATHAN N BRUEGGEMAN	BOARD MEMBER/CMO-UP REGION	1.00	Director	$0	$55,802	$506,441
PATRICK TINCHER JR	BOARD MEMBER/VP FINANCE-REG. OPS.	1.00	Director	$0	$56,521	$392,996
KRISTEN DMESKE NP-C	BOARD MEMBER/NURSE PRACTITIONER	1.00	Director	$0	$5,756	$142,666
JOHN D MATONICH	CHAIR	1.00	Officer Director	$0	$0	$0
STEVEN TINTI	TREASURER	1.00	Officer Director	$0	$0	$0
KATIE CLARK	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD J KOUBEK PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN MENEZUGGO	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES R RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK R SCHOTT	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$311,110	$2,111,048
SIDNEY SCZYGELSKI	SR. VP OF FINANCE/CFO	2.00	Officer	$0	$144,118	$2,055,582
CHRISTINE HARFF	(NV) PRESIDENT - REGIONAL UP	2.00	Officer	$0	$103,257	$562,679
JAMES MATHESON	SVP-CHIEF STRATEGY OFFICER	2.00	Key Emp	$0	$110,893	$650,294
TODD RICHARDSON	SVP & CHIEF INFO. OFF. (THRU 06/23)	2.00	Key Emp	$0	$104,438	$639,306
ERIC ANDERSON	SVP-SERVICE LINE & PATIENT EXP.	2.00	Key Emp	$0	$106,843	$626,769
CONSTANCE BRADLEY	SVP- SYSTEM CHIEF NURSING EXECUTIVE	2.00	Key Emp	$0	$95,550	$597,582
DEBRA BALL	SVP & CHIEF HUMAN RESOURCES OFFICER	2.00	Key Emp	$0	$103,553	$562,392
WILLIAM CARROLL	VP- INFORMATION TECHNOLOGY	2.00	Key Emp	$0	$49,427	$370,543
SCOTT REMMICH	VP- CHIEF COMPLIANCE OFFICER	2.00	Key Emp	$0	$45,336	$349,829
MATTHEW KRAUSE	VP - CHIEF ADMIN OFFICER - AKH	2.00	Key Emp	$249,667	$45,865	$295,532
MARGUERITE HALE	VP- REGIONAL PATIENT CARE & CNO	2.00	Key Emp	$259,724	$13,384	$273,108
CRYSTAL KIRSCHLING	VP- REGIONAL INTEGRATION OFFICER	2.00	Key Emp	$0	$48,718	$397,161
NATHAN MCPARLAN	RADIOLOGIST	40.00	Highest	$0	$43,728	$1,183,107
DIVIS KHAIRA	PHYSICIAN	40.00	Highest	$0	$52,556	$679,295
EMMETT MOSLEY	PHYSICIAN	40.00	Highest	$0	$52,556	$683,518
TOM RAISANEN	PHYSICIAN	40.00	Highest	$0	$56,803	$601,525
SHAHAR MADJAR	PHYSICIAN	40.00	Highest	$0	$52,106	$520,079

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$70,859,801	$67,471,667	$50,262,818	$3,388,134
2022	$65,806,503	$64,078,005	$58,039,373	$1,728,498
2021	$62,458,359	$59,590,998	$57,422,111	$2,867,361
2020	$59,313,253	$57,036,740	$56,177,057	$2,276,513
2019	$56,108,830	$56,676,079	$50,359,940	$-567,249
2018	$55,314,334	$55,023,058	$51,295,751	$291,276

ASPIRUS KEWEENAW HOSPITAL