ASPIRUS IRON RIVER HOSPITAL & CLINICS INC (EIN 383236977) - 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

1995

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

9062656121

Tax Period

2022-07-01 to 2023-06-30

ASPIRUS IRON RIVER HOSPITAL & CLINICS INC, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $39.2M in total revenue in fiscal year 2022.

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 $1,215,742

Program Service Revenue $37,724,801

Investment Income $63,451

Other Revenue $151,230

TOTAL REVENUE $39,155,224

Expense Breakdown

Grants Paid $5,192

Salaries & Benefits $16,241,666

Fundraising Expenses $0

Program Expenses $27,538,033

Other Expenses $24,778,729

TOTAL EXPENSES $41,025,587

Year-over-Year Comparison

	2022	2021	Change
Revenue	$39,155,224	$39,988,513	0.0%
Expenses	$41,025,587	$39,808,843	+0.0%
Net Income	$-1,870,363	$179,670	-11.4%

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

212

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

$5,472,183

Total Directors

$4,478,193

Key Employees

$5,560,551

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
DANIEL J LUKES DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$46,236	$849,041
JENNIFER REDMAN-SCHELL	VICE CHAIR/SVP & PRESIDENT-AMG	1.00	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 REGIONAL OPS.	1.00	Director	$0	$56,521	$392,996
KRISTEN D MESKE NP-C	BOARD MEMBER/NURSE PRACTITIONER	1.00	Director	$136,910	$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
ROBIN MENEZUGGO	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD J KOUBEK PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES R RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIRK R SCHOTT	BOARD MEMBER/PHYSICIAN	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	1.00	Officer	$0	$103,257	$562,679
MICHAEL HOLZHUETER	SVP-GENERAL COUNSEL	2.00	Key Emp	$0	$123,676	$796,592
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 HR OFFICER	2.00	Key Emp	$0	$103,553	$562,392
CRYSTAL KIRSCHLING	VP-REGIONAL INTEGRATION OFFICER	2.00	Key Emp	$0	$48,718	$397,161
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
ANDREW COSTIC	VP-FINANCE UP REGION	2.00	Key Emp	$0	$24,274	$296,975
MARGUERITE HALE	VP-REG. PATIENT CARE & CNO	2.00	Key Emp	$0	$13,384	$273,108
MEDHAT FANOUS	PHYSICIAN	40.00	Highest	$0	$40,148	$728,022
ALBERT PENNEY	PHYSICIAN	40.00	Highest	$0	$23,691	$488,249
TAKI RIDA	PHYSICIAN	40.00	Highest	$0	$49,298	$410,070
SHIRIN SULTANA	PHYSICIAN	40.00	Highest	$0	$56,910	$373,598
DONALD PATTON	PHYSICIAN	40.00	Highest	$0	$34,295	$278,367

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	$39,155,224	$41,025,587	$29,017,921	$-1,870,363
2022	$39,988,513	$39,808,843	$34,664,104	$179,670
2021	$38,259,105	$36,954,323	$37,384,474	$1,304,782
2020	$39,876,602	$40,278,345	$38,373,665	$-401,743
2019	$40,859,089	$43,879,798	$31,829,580	$-3,020,709
2018	$44,261,373	$46,024,147	$33,695,790	$-1,762,774

ASPIRUS IRON RIVER HOSPITAL & CLINICS INC