ASPIRUS IRON AREA HEALTH FOUNDATION (EIN 383762132) - 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

2007

Legal Domicile

Principal Officer

GLENN DOBSON

Phone

9063080239

Tax Period

2023-01-01 to 2023-12-31

ASPIRUS IRON AREA HEALTH FOUNDATION, founded in 2007, is a micro nonprofit in the Health Care sector that reported $56K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $17K, a strong 30% operating margin.

Mission

TO DIRECTLY SUPPORT THE MISSION OF ASPIRUS IRON RIVER HOSPITAL AND CLINICS THROUGH SECURING, DISTRIBUTING AND STEWARDING FINANCIAL INVESTMENTS FOR CRITICAL RESOURCES WHICH WILL ADVANCE HEALTHCARE AND HEALTHY LIFESTYLES EXPECTED BY OUR REGION'S RESIDENTS

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,563

Program Service Revenue $0

Investment Income $45,846

Other Revenue $6,337

TOTAL REVENUE $55,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $38,980

Other Expenses $23,980

TOTAL EXPENSES $38,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,746	$157,313	-0.6%
Expenses	$38,980	$22,176	+0.8%
Net Income	$16,766	$135,137	-0.9%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA BENSON	Director	2.00	Director	$0	$0	$0
MIKE DALLAVALLE	Director	2.00	Director	$0	$0	$0
ELIZABETH FITTANTE	Director	2.00	Director	$0	$0	$0
KURT ANDERSON	Director	2.00	Director	$0	$0	$0
ZACH HAUTALA	Director	2.00	Director	$0	$0	$0
JILL SABOTTA	Director	2.00	Director	$0	$0	$0
BARB WAARA	Director	2.00	Director	$0	$0	$0
LYLE SMITHSON JR	Executive Dir.	2.00	Director	$0	$0	$0
JESSICA PERRY	Secretary	2.00	Officer	$0	$0	$0
GLENN DOBSON	Treasurer	3.00	Officer	$0	$0	$0
KATIE CLARK	Vice President	2.00	Officer	$0	$0	$0
CHRIS KENT	President	2.00	Officer	$0	$0	$0

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
2023	$55,746	$38,980	$1,498,244	$16,766
2022	$157,313	$22,176	$1,481,478	$135,137
2021	$56,452	$23,696	$1,493,513	$32,756
2020	$87,206	$62,938	$1,313,585	$24,268
2019	$154,163	$167,079	$1,289,317	$-12,916
2018	$135,576	$92,544	$1,302,233	$43,032

ASPIRUS IRON AREA HEALTH FOUNDATION