WAUSAU, WI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.
TO PROVIDE HEALTH CARE AND EDUCATION SERVICES TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE COMPANY PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS COMMUNITY CARE POLICY WITHOUT...
TO PROVIDE HEALTH CARE AND EDUCATION SERVICES TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. THE COMPANY PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS COMMUNITY CARE POLICY WITHOUT CHARGE FROM 7/1/2024 TO 6/30/25. THE ESTIMATED COST OF PROVIDING CARE TO PATIENTS UNDER AMG'S COMMUNITY CARE POLICY AGGREGATED APPROXIMATELY $2,482,387 IN FISCAL YEAR 2025. THE COST WAS CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR AMG TIMES THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING THE COMMUNITY CARE. THE CLINIC EMPLOYED 152 FTE PROVIDERS WHO HAD 382,755 VISITS FROM PATIENTS. THE CLINIC ALSO PROVIDES SERVICES TO BENEFICIARIES OF THE MEDICARE AND MEDICAID PROGRAMS WHICH OFTEN REIMBURSE THE CLINIC BASED ON PREDETERMINED FEE SCHEDULES WHICH ARE OFTEN BELOW THE COST OF PROVIDING CARE TO THESE INDIVIDUALS. THESE PROGRAMS REPRESENT A LARGE PORTION OF THE ELDERLY, LOW INCOME, AND DISABLED MEMBERS OF THE COMMUNITY WHO NEED ACCESS TO HIGH QUALITY CARE. DURING FISCAL YEAR 2025, MEDICARE AND MEDICAID PROGRAMS MADE UP APPROXIMATELY 58.1% OF GROSS PATIENT REVENUE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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