ASPIRUS MEDICAL GROUP - NORTHERN WISCONSIN INC

EIN: 391965593 501(c)(3) Health Care

WAUSAU, WI

Total Revenue
$264,621
Total Expenses
$21,772
Total Assets
$445,718
Net Assets
$321,781
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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
1999
Legal Domicile
WI
Principal Officer
MATTHEW HEYWOOD
Phone
7158472250
Tax Period
2022-07-01 to 2023-06-30

ASPIRUS MEDICAL GROUP - NORTHERN WISCONSIN INC, founded in 1999, is a small nonprofit in the Health Care sector that reported $265K in total revenue in fiscal year 2022. Revenue fell 96% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $243K, a strong 92% operating margin.

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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $158,188
Program Service Revenue $106,420
Investment Income $13
Other Revenue $0
TOTAL REVENUE $264,621

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $21,772
Other Expenses $21,772
TOTAL EXPENSES $21,772

Year-over-Year Comparison

2022 2021 Change
Revenue $264,621 $7,492,728 -1.0%
Expenses $21,772 $11,196,559 -1.0%
Net Income $242,849 $-3,703,831 -1.1%
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

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Governance

Voting Members
9
Independent Members
4
Employees
N/A
Volunteers
6

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
8
$5,750,241
Total Directors
14
$4,897,137
Key Employees
6
$3,892,143
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES M CYGAN MD BOARD MEMBER/PHYSICIAN 1.00
Director
$0 $52,947 $986,807
JEFFREY WICKLANDER (NV) BOARD MEMBER/PRES.-CENT. REG. 1.00
Officer Director
$0 $128,532 $840,737
ELIZABETH RENAKER-JANSEN DO BOARD MEMBER/PHYSICIAN 1.00
Director
$0 $54,117 $793,356
JENNIFER REDMAN-SCHELL (NV) BOARD MEMBER/SVP & PRES.-AMG 1.00
Officer Director
$0 $101,726 $742,874
LAWRENCE G LEIBERT MD BOARD MEMBER/PHYSICIAN 1.00
Director
$0 $49,120 $510,930
TOU SHOUA LOR MD BOARD MEMBER/PHYSICIAN 1.00
Director
$0 $50,262 $351,387
MICHAEL A UMLAND MD BOARD MEMBER/PHYSICIAN 1.00
Director
$0 $54,919 $341,607
KRISTA SCHARER MD BOARD MEMBER/PHYSICIAN (THRU 02/23) 1.00
Director
$0 $52,577 $329,439
KATHY KELSEY FOLEY CHAIR (THRU 09/22) 1.00
Officer Director
$0 $0 $0
JEREMY A LEWITZKE CHAIR 1.00
Officer Director
$0 $0 $0
KYLE N PAGE VICE CHAIR 1.00
Officer Director
$0 $0 $0
CHAD H RADKE DO SECRETARY/TREASURER (THRU 09/22) 1.00
Officer Director
$0 $0 $0
BRYAN BORRELL BOARD MEMBER 1.00
Director
$0 $0 $0
MARCO A ESPINOZA BOARD MEMBER 1.00
Director
$0 $0 $0
MATTHEW HEYWOOD PRESIDENT & CEO ASPIRUS 2.00
Officer
$0 $311,110 $2,111,048
SIDNEY SCZYGELSKI SENIOR VP OF FINANCE & CFO 2.00
Officer
$0 $144,118 $2,055,582
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 INFO. OFF. (THRU 06/23) 2.00
Key Emp
$0 $104,438 $639,306
ERIC ANDERSON SVP-SERVICE LINE & PATIENT EXP. 2.00
Key Emp
$0 $106,843 $626,769
CONSTANCE BRADLEY SVP-SYSTEM CHIEF NURSING EXECUTIVE 2.00
Key Emp
$0 $95,550 $597,582
SUSAN SCHNEIDER VP=SENIOR SYS. PHYSICIAN EXECUTIVE 2.00
Key Emp
$0 $39,761 $581,600
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 $264,621 $21,772 $445,718 $242,849
2022 $7,492,728 $11,196,559 $470,034 $-3,703,831
2021 $54,059,880 $71,625,932 $32,980,422 $-17,566,052
2020 $67,294,269 $103,297,669 $31,576,459 $-36,003,400
2019 $83,898,501 $113,261,787 $28,364,866 $-29,363,286
2018 $65,968,336 $69,312,685 $32,532,492 $-3,344,349
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