ASPIRUS MERRILL HOSPITAL FOUNDATION INC (EIN 391627755) - 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

1985

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7158472250

Tax Period

2023-07-01 to 2023-12-31

ASPIRUS MERRILL HOSPITAL FOUNDATION INC, founded in 1985, is a micro nonprofit that reported $17K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $860K exceeded revenue, resulting in a 5109% operating deficit.

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 (2023)

Revenue Breakdown

Contributions & Grants $1,420

Program Service Revenue $0

Investment Income $15,093

Other Revenue $0

TOTAL REVENUE $16,513

Expense Breakdown

Grants Paid $848,332

Salaries & Benefits $10,190

Fundraising Expenses $0

Program Expenses $848,332

Other Expenses $1,588

TOTAL EXPENSES $860,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,513	$147,795	-0.9%
Expenses	$860,110	$17,260	+48.8%
Net Income	$-843,597	$130,535	-7.5%

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

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

$4,763,171

Total Directors

$157,368

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIRANDA SEDLACEK	CHAIR	1.00	Officer Director	$0	$0	$0
LINDSEY LUCERO	VICE CHAIR (THRU 12/23)/NURSE PRACT.	1.00	Officer Director	$0	$29,367	$157,368
RAMONA HORNISCHER	TREASURER	1.00	Officer Director	$0	$0	$0
TRINA KNOSPE	SECRETARY	1.00	Officer Director	$0	$0	$0
KURT RUST	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN RYMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIELLE WILCENSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$304,186	$1,922,303
SIDNEY C SCZYGELSKI	SENIOR VP OF FINANCE & CFO	2.00	Officer	$0	$134,273	$1,429,019
JAMES MATHESON	BOARD MEMBER/SVP-CHIEF STRAT. OFF.	2.00	Officer	$0	$102,957	$625,908
DAWN GAPKO	VP- CHIEF ADMINISTRATIVE OFFICER	1.00	Officer	$0	$36,192	$280,823
JANE BENTZ	FOUNDATION DIRECTOR	1.00	Officer	$0	$17,975	$111,853
JEFFREY JONES	SVP - CFO (THRU 04/23)	2.00	Officer	$0	$12,955	$235,897

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	$147,795	$17,260	$818,143	$130,535
2023	$16,513	$860,110	No data	$-843,597
2022	$46,221	$26,749	$670,068	$19,472
2021	$17,337	$214,621	$713,408	$-197,284
2019	$45,626	$53,175	$758,022	$-7,549
2018	$59,402	$68,441	$773,995	$-9,039

ASPIRUS MERRILL HOSPITAL FOUNDATION INC