ASPIRUS STEVENS POINT HOSPITAL & C… - Form 990 Financial Data

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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

1955

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7153465000

Tax Period

2024-07-01 to 2025-06-30

ASPIRUS STEVENS POINT HOSPITAL & CLINICS INC, founded in 1955, is a major nonprofit in the Health Care sector that reported $195.3M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $167.9M left a modest 14% surplus.

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $123,949,815 Revenue: $194,303,679

ASPIRUS STEVENS POINT HOSPITAL IS A 69-STAFFED BED HOSPITAL CAMPUS PROVIDING SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR...

ASPIRUS STEVENS POINT HOSPITAL IS A 69-STAFFED BED HOSPITAL CAMPUS PROVIDING SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR 2025, ASPIRUS STEVENS POINT HOSPITAL & CLINICS, INC. TREATED APPROXIMATELY 3,493 ADULTS AND CHILDREN FOR A TOTAL OF APPROXIMATELY 13,465 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR APPROXIMATELY 219,994 OUTPATIENT VISITS, WHICH INCLUDED APPROXIMATELY 5,734 OUTPATIENT SURGERIES, APPROXIMATELY 14,846 OUTPATIENT EMERGENCY ROOM VISITS AND 72,458 CLINIC VISITS. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS.

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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 $293,349

Program Service Revenue $194,318,966

Investment Income $-25,747

Other Revenue $681,422

TOTAL REVENUE $195,267,990

Expense Breakdown

Grants Paid $43,609

Salaries & Benefits $60,263,640

Fundraising Expenses $0

Program Expenses $123,949,815

Other Expenses $107,637,359

TOTAL EXPENSES $167,944,608

Year-over-Year Comparison

	2024	2023	Change
Revenue	$195,267,990	$166,447,974	+0.2%
Expenses	$167,944,608	$152,531,692	+0.1%
Net Income	$27,323,382	$13,916,282	+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

714

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

$7,933,767

Total Directors

$3,973,242

Key Employees

$5,251,917

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRINA DANIELS MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$40,564	$562,319
BONITA KOLRUD MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$44,170	$485,035
SUSAN KRECKMAN MD	BOARD MEMBER/PHYSICIAN (THRU 12/24)	1.00	Director	$0	$36,377	$399,727
JOSHUA POGORELEC DO	BOARD MEMBER/DIRECTOR	1.00	Director	$0	$48,308	$781,338
CONSTANCE BRADLEY	SEC./TREAS./SVP-PRES REG MKTS	1.00	Officer Director	$0	$125,769	$912,293
JENNIFER REDMAN-SCHELL	BOARD MEMBER/SVP & PRESIDENT-AMG	1.00	Director	$0	$105,151	$832,530
REBECCA SOMMER PHD	CHAIR	1.00	Officer Director	$0	$0	$0
DANIEL BURNS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL BOVEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN HUEBNER	BOARD MEMBER (THRU 09/24)	1.00	Director	$0	$0	$0
MARY IRONSIDE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHELLY MONDEIK EDD	BOARD MEMBER	1.00	Director	$0	$0	$0
KLAY VEHRING	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNN VOGT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN KIEF	(NV) PRES.-S AND SW (THRU 09/24)	2.00	Officer	$0	$43,172	$449,477
CHRIS SQUIRE	(NV) PRESIDENT-S AND SW DIVISION	1.00	Officer	$0	$9,752	$154,770
CARRIE PENOVICH	(NV) PRESIDENT-ASPIRUS SE DIVISION	40.00	Officer	$307,610	$10,720	$318,330
JERRY M YANG	SVP-CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$138,394	$815,634
ROBERT SMITH	B.M./VP SP CAMPUS (THRU 09/24)	50.00	Officer	$428,885	$7,542	$436,427
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$361,440	$4,230,174
SUSAN SCHNEIDER	VP-SYSTEM SR. PHYSICIAN EXEC.	2.00	Officer	$0	$35,907	$616,662
MICHAEL HOLZHUETER	SVP-CHIEF HR OFFICER	2.00	Key Emp	$0	$136,340	$1,016,165
MICHAEL WALTERS	SVP-SYSTEM CHIEF MEDICAL OFFICER	2.00	Key Emp	$0	$117,666	$881,152
JAMES MATHESON	SVP-CHIEF STRATEGY OFFICER	2.00	Key Emp	$0	$115,516	$860,704
ERIC ANDERSON	CHIEF COMPLIANCE OFFICER	2.00	Key Emp	$0	$99,581	$665,424
WILL WEIDER	SVP-CHIEF INFORMATION OFFICER	2.00	Key Emp	$0	$105,795	$766,465
DAVID BITTNER	SVP-ENTERPRISE DEVELOPMENT	2.00	Key Emp	$0	$120,822	$564,504
WILLIAM CARROLL	VP-INFORMATION TECHNOLOGY	2.00	Key Emp	$0	$41,886	$497,503
REZWAN ISLAM	PHYSICIAN	40.00	Highest	$878,892	$30,731	$909,623
AMY MURPHY	PHYSICIAN	40.00	Highest	$609,849	$48,308	$658,157
MUHAMMAD TARIQ	PHYSICIAN	40.00	Highest	$692,727	$48,887	$741,614
GARY LIEBSCH	PHYSICIAN	40.00	Highest	$570,556	$26,589	$597,145
CODIE VASSAR	PHYSICIAN	40.00	Highest	$543,665	$33,975	$577,640
SIDNEY SCZYGELSKI	SVP OF FINANCE/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	$195,267,990	$167,944,608	$91,727,094	$27,323,382
2024	$166,447,974	$152,531,692	$87,924,807	$13,916,282
2023	$145,482,091	$144,176,696	$94,123,876	$1,305,395
2022	$157,168,031	$164,332,993	$100,703,599	$-7,164,962
2021	$176,744,435	$198,207,314	$114,066,007	$-21,462,879
2020	$177,183,067	$184,572,296	$117,905,430	$-7,389,229
2019	$179,792,213	$176,971,992	$121,853,462	$2,820,221
2018	$190,633,143	$185,470,214	$121,137,970	$5,162,929

ASPIRUS STEVENS POINT HOSPITAL & CLINICS INC