ASPIRUS RHINELANDER & TOMAHAWK HOSPITALS & CLINICS INC (EIN 391390638) - 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

1981

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7158472250

Tax Period

2022-07-01 to 2023-06-30

ASPIRUS RHINELANDER & TOMAHAWK HOSPITALS & CLINICS INC, founded in 1981, is a major nonprofit in the Health Care sector that reported $232.5M in total revenue in fiscal year 2022. Revenue surged 22% from the prior year, signaling strong growth momentum.

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 $758,211

Program Service Revenue $232,268,990

Investment Income $-849,647

Other Revenue $365,481

TOTAL REVENUE $232,543,035

Expense Breakdown

Grants Paid $43,638

Salaries & Benefits $115,490,766

Fundraising Expenses $0

Program Expenses $205,100,189

Other Expenses $125,321,824

TOTAL EXPENSES $240,856,228

Year-over-Year Comparison

	2022	2021	Change
Revenue	$232,543,035	$189,947,863	+0.2%
Expenses	$240,856,228	$199,931,595	+0.2%
Net Income	$-8,313,193	$-9,983,732	-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

1069

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

$5,855,613

Total Directors

$1,979,939

Key Employees

$5,291,655

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSE TISCHER	VICE CHAIR/SVP & PRESIDENT-REG. MKTS.	1.00	Officer Director	$0	$128,595	$910,170
ERIC ANDERSON	BOARD MEMBER/SVP-SERV. LINE & PAT. EXP.	1.00	Director	$0	$106,843	$626,769
AMY SLETTE MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$42,607	$279,528
HOLLY BEEDE-MCKINNEY	BOARD MEMBER/NURSE PRACTITIONER	1.00	Director	$0	$8,884	$163,472
JUDY SMOLAREK RN	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE LAKING	SECRETARY/TREASURER (THRU 09/22)	1.00	Officer Director	$0	$0	$0
SISTER ELIZABETH AMMAN OP	BOARD MEMBER (THRU 04/23)	1.00	Director	$0	$0	$0
KELLY COURT	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KATE FERREL	BOARD MEMBER	1.00	Director	$0	$0	$0
FATHER JIM FOSDICK	BOARD MEMBER	1.00	Director	$0	$0	$0
ARTHUR C HELGERSON DDS	BOARD MEMBER	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
TERESA THEILER	(NV) PRESIDENT-ASPIRUS NORTH DIV.	1.00	Officer	$0	$69,630	$428,828
BRIAN KIEF	(NV) PRES.-ASPIRUS SOUTH & SW DIV.	1.00	Officer	$311,163	$38,822	$349,985
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 INFORMATION OFFICER	2.00	Key Emp	$0	$104,438	$639,306
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
WILLIAM CARROLL	VP-INFORMATION TECHNOLOGY	2.00	Key Emp	$0	$49,427	$370,543
JANELLE KOMMERS-MARKGRAF	VP-HUMAN RESOURCES NORTH REGION	2.00	Key Emp	$0	$44,327	$281,244
TYLER HACK	VP-FINANCE NORTH REGION	2.00	Key Emp	$0	$27,314	$274,121
CRYSTAL KIRSCHLING	VP-REGIONAL INTEGRATION OFFICER	2.00	Key Emp	$0	$48,718	$397,161
GREG SHAW	VP-FINANCE NORTH REGION	2.00	Key Emp	$0	$30,975	$251,757
LORI KNITT	VP-PATIENT CARE & CNO	2.00	Key Emp	$220,343	$27,280	$247,623
JASON TROXELL	VP-CHIEF ADMIN OFFICER	2.00	Key Emp	$0	$40,204	$223,040
STEVEN BROWN	CLINICAL MEDICAL PHYSICIST	40.00	Highest	$0	$46,562	$913,386
ANTHONY RUTKOWSKI	PHARMACY MANAGER	40.00	Highest	$0	$45,728	$869,795
CHIRASAKD RATANAWONG	PHARMACIST	40.00	Highest	$0	$43,476	$789,437
JOHNATHAN CURRIE	PHARMACY SUPERVISOR	40.00	Highest	$0	$46,355	$759,999
TIMOTHY RIPPLE	PHARMACIST	40.00	Highest	$0	$43,689	$754,199

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	$232,543,035	$240,856,228	$133,447,495	$-8,313,193
2022	$189,947,863	$199,931,595	$127,420,805	$-9,983,732
2021	$150,765,623	$150,507,242	$78,779,146	$258,381
2020	$135,247,645	$142,152,944	$81,560,351	$-6,905,299
2019	$138,608,645	$134,853,935	$84,186,146	$3,754,710
2018	$146,769,627	$151,263,084	$85,273,835	$-4,493,457

ASPIRUS RHINELANDER & TOMAHAWK HOSPITALS & CLINICS INC