ASPIRUS WAUSAU HOSPITAL INC

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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

1970

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7158472988

Tax Period

2024-07-01 to 2025-06-30

ASPIRUS WAUSAU HOSPITAL INC, founded in 1970, is a major nonprofit in the Health Care sector that reported $792.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $718.7M left a modest 9% surplus.

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $552,937,704 Revenue: $785,104,750

ASPIRUS WAUSAU HOSPITAL, INC. PROVIDES HOSPITAL SERVICES FOR RESIDENTS OF WAUSAU, STEVENS POINT AND THE SURROUNDING COMMUNITIES REGARDLESS OF THEIR ABILITY TO PAY.

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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 $3,638,385

Program Service Revenue $785,183,115

Investment Income $55,148

Other Revenue $3,080,902

TOTAL REVENUE $791,957,550

Expense Breakdown

Grants Paid $710,979

Salaries & Benefits $231,020,309

Fundraising Expenses $0

Program Expenses $552,937,704

Other Expenses $486,989,399

TOTAL EXPENSES $718,720,687

Year-over-Year Comparison

	2024	2023	Change
Revenue	$791,957,550	$730,387,032	+0.1%
Expenses	$718,720,687	$668,305,209	+0.1%
Net Income	$73,236,863	$62,081,823	+0.2%

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

3157

Volunteers

213

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

$6,893,055

Total Directors

$4,522,538

Key Employees

$5,772,177

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES M CYGAN MD	BOARD MEMBER (THRU 09/24)/PHYSICIAN	40.00	Director	$936,829	$47,664	$984,493
ELIZABETH RENAKER-JANSEN DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$43,647	$835,372
LAWRENCE LEIBERT MD	BOARD MEMBER (THRU 09/24)/PHYSICIAN	1.00	Director	$0	$38,249	$569,467
ERIKA CROCKFORD DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$10,775	$452,782
JENNIFER ENMAN-BOURGON DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$12,300	$444,900
CRAIG DESTREE MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$36,520	$444,158
TOU SHOUA LOR MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$46,176	$416,004
MICHAEL UMLAND MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$48,178	$375,362
JEREMY LEWITZKE	CHAIR	1.00	Officer Director	$0	$0	$0
KYLE PAGE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARCO ESPINOZA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
BRYAN BORRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$361,440	$4,230,174
JEFFREY WICKLANDER	(NV) PRESIDENT-ASPIRUS CENT. REG.	35.00	Officer	$898,029	$116,688	$1,014,717
JENNIFER REDMAN-SCHELL	(NV) SVP & PRESIDENT-AMG	1.00	Officer	$0	$105,151	$832,530
JERRY M YANG	SVP-CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$138,394	$815,634
MICHAEL HOLZHUETER	SVP-CHIEF HR OFFICER	2.00	Key Emp	$0	$136,340	$1,016,165
CONSTANCE BRADLEY	SVP-PRES. REG. MARKETS	2.00	Key Emp	$0	$125,769	$912,293
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
WILL WEIDER	SVP-CHIEF INFORMATION OFFICER	2.00	Key Emp	$0	$105,795	$766,465
RYAN ANDREWS	VP-SYSTEM SR. PHYSICIAN EXEC.	50.00	Key Emp	$617,541	$52,433	$669,974
ERIC ANDERSON	CHIEF COMPLIANCE OFFICER	2.00	Key Emp	$0	$99,581	$665,424
CHRISTOPHER PLATTA	REGIONAL MEDICAL DIRECTOR	40.00	Highest	$2,382,545	$51,508	$2,434,053
ANDREW HUANG	PHYSICIAN	40.00	Highest	$2,383,027	$48,308	$2,431,335
AGNIESZKA THOMPSON	PHYSICIAN	40.00	Highest	$1,474,655	$50,308	$1,524,963
BRET STYSLY	PHYSICIAN	40.00	Highest	$1,330,348	$49,605	$1,379,953
JUSTIN ASQUITH	PHYSICIAN	40.00	Highest	$1,072,652	$12,442	$1,085,094
SIDNEY SCZYGELSKI	SENIOR VP OF FIN./CFO (FORMER)	2.00		$0	$37,990	$1,508,031
JESSE TISCHER	SVP & PRESIDENT-AWH (FORMER)	0.00		$0	$5,855	$738,834
MARY JO WENDLING MD	BOARD MEMBER (FORMER)/PHYSICIAN	1.00		$0	$7,850	$294,149

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	$791,957,550	$718,720,687	$410,820,717	$73,236,863
2024	$730,387,032	$668,305,209	$403,390,472	$62,081,823
2023	$681,276,866	$632,576,451	$412,195,101	$48,700,415
2022	$702,469,178	$631,134,857	$624,604,688	$71,334,321
2021	$674,491,769	$572,607,158	$652,843,423	$101,884,611
2020	$580,954,905	$506,382,642	$598,510,216	$74,572,263
2019	$570,325,303	$494,067,234	$539,380,506	$76,258,069
2018	$516,229,777	$461,588,391	$526,389,861	$54,641,386