ASPIRUS MEDFORD FOUNDATION 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

1993

Legal Domicile

Principal Officer

DALE HUSTEDT

Phone

7457488100

Tax Period

2022-07-01 to 2023-06-30

ASPIRUS MEDFORD FOUNDATION INC, founded in 1993, is a small nonprofit that reported $215K in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $302K exceeded revenue, resulting in a 41% operating deficit.

Mission

TO SUPPORT ASPIRUS MEDFORD HOSPITAL & CLINICS IN ITS MISSION TO HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $231,969 Revenue: $0

ASPIRUS MEDFORD FOUNDATION, INC.'S MISSION IS TO ENSURE THAT PRIMARY MEDICAL CARE IS ALWAYS AVAILABLE AND CONVENIENT TO THE PEOPLE OF THIS AREA, THROUGH ASPIRUS MEDFORD HOSPITAL & CLINICS, INC...

ASPIRUS MEDFORD FOUNDATION, INC.'S MISSION IS TO ENSURE THAT PRIMARY MEDICAL CARE IS ALWAYS AVAILABLE AND CONVENIENT TO THE PEOPLE OF THIS AREA, THROUGH ASPIRUS MEDFORD HOSPITAL & CLINICS, INC. DURING FY23, THE FOUNDATION HAS HELPED IN PROVIDING FUNDING FOR THE FOLLOWING ITEMS: NOVASURE MACHINE (SURGICAL), SIMULATOR/MANIKIN (SKILLS LAB), URINALYSIS AUTOMATION SYSTEM (LAB), A COLONOSCOPE (SURGICAL) AND SURGICAL LIGHTS (SURGICAL).

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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 $86,480

Program Service Revenue $0

Investment Income $113,508

Other Revenue $14,628

TOTAL REVENUE $214,616

Expense Breakdown

Grants Paid $231,969

Salaries & Benefits $61,686

Fundraising Expenses $0

Program Expenses $231,969

Other Expenses $8,402

TOTAL EXPENSES $302,057

Year-over-Year Comparison

	2022	2021	Change
Revenue	$214,616	$319,898	-0.3%
Expenses	$302,057	$357,301	-0.2%
Net Income	$-87,441	$-37,403	+1.3%

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

$2,902,650

Total Directors

Key Employees

$370,543

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT ARNDT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA KRAUSE	TREASURER	1.00	Officer Director	$0	$0	$0
KRIS O'LEARY	SECRETARY	1.00	Officer Director	$0	$0	$0
SUE ACKERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE DESTAERCKE	BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDA HEDLUND	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM RAU	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL STELIGA	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA LANGE	EXECUTIVE DIRECTOR	4.00	Officer	$0	$46,299	$126,546
DALE HUSTEDT	MEDFORD HOSPITAL PRESIDENT	1.00	Officer	$0	$93,306	$468,765
GREG SHAW	MEDFORD HOSPITAL CFO	1.00	Officer	$0	$30,975	$251,757
SIDNEY SCZYGELSKI	SR. VP OF FINANCE/CFO	2.00	Officer	$0	$144,118	$2,055,582
WILLIAM CARROLL	VP-INFORMATION TECHNOLOGY	2.00	Key Emp	$0	$49,427	$370,543

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	No data	No data	No data	No data
2023	$214,616	$302,057	$1,576,851	$-87,441
2022	$319,898	$357,301	$1,689,500	$-37,403
2021	$298,398	$363,147	$2,052,161	$-64,749
2020	$202,830	$273,183	$1,815,995	$-70,353
2019	$237,639	$386,673	$2,103,812	$-149,034
2018	$477,874	$187,801	$2,002,074	$290,073