ASPIRUS MEDICAL GROUP INC (EIN 391670223) - 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

1990

Legal Domicile

Principal Officer

MATTHEW HEYWOOD

Phone

7158472250

Tax Period

2024-07-01 to 2025-06-30

ASPIRUS MEDICAL GROUP INC, founded in 1990, is a major nonprofit in the Health Care sector that reported $137.9M in total revenue in fiscal year 2024. Expenses of $169.4M exceeded revenue, resulting in a 23% 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 (2024)

Revenue Breakdown

Contributions & Grants $53,536

Program Service Revenue $137,614,165

Investment Income $191,415

Other Revenue $88,177

TOTAL REVENUE $137,947,293

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,356,489

Fundraising Expenses $0

Program Expenses $165,359,699

Other Expenses $66,007,280

TOTAL EXPENSES $169,363,769

Year-over-Year Comparison

	2024	2023	Change
Revenue	$137,947,293	$128,362,741	+0.1%
Expenses	$169,363,769	$163,943,942	+0.0%
Net Income	$-31,416,476	$-35,581,201	-0.1%

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

1506

Volunteers

N/A

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

$6,953,343

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH RENAKER-JANSEN DO	BOARD MEMBER/PHYSICIAN	40.00	Director	$791,725	$43,647	$835,372
JAMES CYGAN MD	BOARD MEMBER/PHYS. (THRU 09/24)	1.00	Director	$0	$47,664	$984,493
LAWRENCE LEIBERT MD	BOARD MEMBER/PHYS. (THRU 09/24)	1.00	Director	$0	$38,249	$569,467
JENNIFER ENMAN-BOURGON DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$12,300	$444,900
MICHAEL UMLAND MD	BOARD MEMBER/PHYSICIAN	40.00	Director	$327,184	$48,178	$375,362
TOU SHOUA LOR MD	BOARD MEMBER/PHYSICIAN	40.00	Director	$369,828	$46,176	$416,004
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
ERIKA CROCKFORD DO	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$10,775	$452,782
CRAIG DESTREE MD	BOARD MEMBER/PHYSICIAN	1.00	Director	$0	$36,520	$444,158
JERRY M YANG	SVP-CHIEF FINANCIAL OFFICER	2.00	Officer	$0	$138,394	$815,634
MATTHEW HEYWOOD	PRESIDENT & CEO ASPIRUS	2.00	Officer	$0	$361,440	$4,230,174
JEFFREY WICKLANDER	(NV) PRESIDENT-ASPIRUS CENT. REG.	1.00	Officer	$0	$116,688	$1,014,717
JENNIFER REDMAN-SCHELL	(NV) SVP & PRESIDENT-AMG	1.00	Officer	$0	$105,151	$832,530
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
SUSAN SCHNEIDER	VP-SYSTEM SR. PHYSICIAN EXEC.	2.00	Key Emp	$0	$35,907	$616,662
ERIC ANDERSON	CHIEF COMPLIANCE OFFICER	2.00	Key Emp	$0	$99,581	$665,424
RYAN ANDREWS	VP-SYSTEM SR. PHYSICIAN EXEC.	2.00	Key Emp	$0	$52,433	$669,974
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
ANDREW BEAUMONT	PHYSICIAN	40.00	Highest	$2,389,034	$49,485	$2,438,519
BRYAN AUSTIN	PHYSICIAN	40.00	Highest	$1,401,165	$51,805	$1,452,970
CRAIG KELMAN	PHYSICIAN	40.00	Highest	$1,375,655	$50,105	$1,425,760
GERMAN LARRAIN	REGIONAL MEDICAL DIRECTOR	40.00	Highest	$1,261,540	$51,595	$1,313,135
MARCUS SUBLETTE	PHYSICIAN	40.00	Highest	$1,339,995	$50,864	$1,390,859
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	$137,947,293	$169,363,769	$46,151,016	$-31,416,476
2024	No data	No data	No data	No data
2023	$121,696,619	$159,131,644	$112,171,558	$-37,435,025
2022	$116,087,752	$142,819,635	$105,621,013	$-26,731,883
2021	$101,291,684	$123,911,735	$76,960,726	$-22,620,051
2020	$95,358,405	$118,289,502	$61,425,419	$-22,931,097
2019	$97,750,933	$117,069,730	$60,018,690	$-19,318,797
2018	$80,995,607	$95,753,497	$58,102,368	$-14,757,890

ASPIRUS MEDICAL GROUP INC