ASPIRUS MERRILL HOSPITAL & CLINICS INC (EIN 390808503) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1950

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7155365511

Tax Period

2023-07-01 to 2024-06-30

ASPIRUS MERRILL HOSPITAL & CLINICS INC, founded in 1950, is a mid-sized nonprofit in the Health Care sector that reported $33.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.4M, a strong 19% operating margin.

Mission

WE HEAL PEOPLE, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $54,496

Program Service Revenue $32,898,077

Investment Income $-1,156

Other Revenue $138,653

TOTAL REVENUE $33,090,070

Expense Breakdown

Grants Paid $31,550

Salaries & Benefits $11,581,113

Fundraising Expenses $0

Program Expenses $17,736,997

Other Expenses $15,127,306

TOTAL EXPENSES $26,739,969

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,090,070	$27,395,981	+0.2%
Expenses	$26,739,969	$23,542,139	+0.1%
Net Income	$6,350,101	$3,853,842	+0.6%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

107

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

$5,101,001

Total Directors

$3,423,235

Key Employees

$5,011,921

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M CYGAN MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$45,713	$999,350
ELIZABETH RENAKER-JANSEN DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$47,132	$808,013
LAWRENCE G LEIBERT MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$37,228	$518,187
JENNIFER R ENMAN-BOURGON DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$44,939	$438,465
MICHAEL A UMLAND MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$45,883	$330,265
TOU SHOUA LOR MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$42,240	$328,955
JEREMY A LEWITZKE	CHAIR	1.00	Officer Director	$0	$0	$0
KYLE N PAGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARCO A ESPINOZA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRYAN B BORRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY M YANG	SVP-CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$304,186	$1,922,303
SIDNEY SCZYGELSKI	SENIOR VP OF FINANCE/CFO	2.00	Officer	$0	$134,273	$1,429,019
JEFFREY WICKLANDER	SVP & CENTRAL REGION PRESIDENT	1.00	Officer	$0	$127,237	$811,583
JENNIFER REDMAN-SCHELL	(NV) SVP & PRESIDENT-AMG	1.00	Officer	$0	$94,564	$702,198
JEFFREY JONES	SVP-CFO (THRU 04/23)	2.00	Officer	$0	$12,956	$235,898
MICHAEL HOLZHUETER	SVP-GENERAL COUNSEL	2.00	Key Emp	$0	$115,911	$804,846
MICHAEL WALTERS	SVP-SYSTEM CHIEF MEDICAL OFFICER	2.00	Key Emp	$0	$49,745	$719,376
CONSTANCE BRADLEY	SVP & PRES. REG. MRKTS.	2.00	Key Emp	$0	$90,167	$579,645
JAMES MATHESON	SVP-CHIEF STRATEGY OFFICER	2.00	Key Emp	$0	$102,957	$625,908
ERIC ANDERSON	CHIEF COMPLIANCE OFFICER	2.00	Key Emp	$0	$99,668	$598,403
SUSAN SCHNEIDER	VP-SYSTEM SR. PHYSICIAN EXEC.	2.00	Key Emp	$0	$34,165	$544,327
TODD RICHARDSON	SVP-CHIEF INFORMATION OFFICER	2.00	Key Emp	$0	$76,560	$427,009
WILLIAM CARROLL	VP-INFORMATION TECHNOLOGY	2.00	Key Emp	$0	$37,986	$354,272
CRYSTAL KIRSCHLING	VP-SYSTEM INTEGRATION OFFICER	2.00	Key Emp	$0	$47,434	$358,135
CHOON P'NG	REGIONAL MEDICAL DIRECTOR	40.00	Highest	$573,762	$46,535	$620,297
JOSEPH ROBERTS	PHYSICIAN	40.00	Highest	$476,846	$46,594	$523,440
MICHAEL CLARK	PHYSICIAN	40.00	Highest	$453,924	$44,561	$498,485
JEANNINE NOSKO	PHYSICIAN	2.00	Highest	$0	$32,321	$342,883
ANDREA ALLARD	VP-OPERATIONS	2.00	Highest	$0	$10,421	$304,386

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	$33,090,070	$26,739,969	$13,921,170	$6,350,101
2023	$27,395,981	$23,542,139	$13,025,345	$3,853,842
2022	$21,544,308	$23,034,761	$11,709,324	$-1,490,453
2021	$19,364,514	$20,596,315	$8,334,832	$-1,231,801
2020	$17,102,805	$19,213,347	$9,372,224	$-2,110,542
2019	$17,404,036	$19,318,970	$10,235,344	$-1,914,934
2018	$19,190,329	$19,783,877	$10,713,153	$-593,548

ASPIRUS MERRILL HOSPITAL & CLINICS INC