Aspirus Keweenaw
- Assets
- $57.4m
- Revenue
- $62.5m
- Investments
- $1.4m
- Employees
- 422
- Location
- Laurium, MI
- Founding
- 08/1969
- Data as of
- 06/2021
- EIN
- 38-1443361
Organization Overview
Aspirus Keweenaw is located in Laurium, MI. The organization was established in 1969. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2021, Aspirus Keweenaw employed 422 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus Keweenaw is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Aspirus Keweenaw generated $62.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $59.6m during the year ending 06/2021. While expenses have increased by 4.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE HEAL PEOPLE, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES.
Describe the Organization's Program Activity:
ASPIRUS KEWEENAW HOSPITAL PROVIDES COMPREHENSIVE INPATIENT, OUTPATIENT, EMERGENCY, MEDICAL, PHYSICIAN CLINIC SERVICES, AND EYE CLINIC SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Mcparlan Physician-Radiology | 40 | $1,194,250 | |
Frederick Rau Physician | 40 | $770,811 | |
Divis Khaira Physician | 40 | $538,855 | |
Shahar Madjar Physician | 30 | $458,655 | |
Jonathan Brueggeman Physician | Trustee | 2 | $453,924 |
Michael Mcallister Physician | 40 | $447,503 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Weatherby Locums Inc Contract Labor - Locum Providers | 6/29/21 | $503,473 |
Wapiti Medical Group Limited Contract Labor - Providers | 6/29/21 | $2,430,563 |
Clayton Charles Md Llc Contract Labor - Provider | 6/29/21 | $667,000 |
Up Pathology Services Pc Contract Labor - Providers | 6/29/21 | $361,848 |
Michael Best & Friedrich Llp Lawyer Fees | 6/29/21 | $289,715 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,752,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $402 |
| Noncash contributions included in lines 1a–1f | $32,936 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,753,120 |
| Total Program Service Revenue | $58,311,944 |
| Investment income | $219,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $96,672 |
| Net Gain/Loss on Asset Sales | $670 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $62,458,359 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,211 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $509,886 |
| Compensation of current officers, directors, key employees. | $189,135 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $23,063,653 |
| Pension plan accruals and contributions | $1,131,951 |
| Other employee benefits | $2,902,220 |
| Payroll taxes | $1,398,168 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $782,932 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $758 |
| Fees for services: Other | $7,587,011 |
| Advertising and promotion | $15,372 |
| Office expenses | $86,687 |
| Information technology | $24,334 |
| Royalties | $0 |
| Occupancy | $784,380 |
| Travel | $97,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $739,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,322,074 |
| Insurance | -$755,787 |
| All other expenses | $908,613 |
| Total functional expenses | $59,590,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,385,664 |
| Savings and temporary cash investments | $1,422,975 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,689,399 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $890,058 |
| Prepaid expenses and deferred charges | $99,513 |
| Net Land, buildings, and equipment | $19,953,917 |
| Investments—publicly traded securities | $5,132,449 |
| Investments—other securities | $1,403,949 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,444,187 |
| Total assets | $57,422,111 |
| Accounts payable and accrued expenses | $4,413,665 |
| Grants payable | $0 |
| Deferred revenue | $597,566 |
| Tax-exempt bond liabilities | $17,024,037 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,208,194 |
| Total liabilities | $30,243,462 |
| Net assets without donor restrictions | $26,890,703 |
| Net assets with donor restrictions | $287,946 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,422,111 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Aspirus Keweenaw has recieved totaling $11,679.
| Awarding Organization | Amount |
|---|---|
Michigan Center For Rural Health East Lansing, MI PURPOSE: SEE STATEMENTS 1 AND 2. | $11,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Norton - Kings Daughters Health Inc Madison, IN | $327,672,291 | $141,257,726 |
Wood County Hospital Assn Bowling Green, OH | $236,887,243 | $125,669,234 |
Margaret Mary Community Hospital Inc Batesville, IN | $200,618,179 | $130,077,852 |
Mymichigan Medical Center Sault Sault Ste Marie, MI | $104,046,577 | $126,853,788 |
Shelby County Memorial Hospital Association Inc Sidney, OH | $171,819,264 | $129,965,258 |
St Nicholas Hospital Of The Hospita Sisters Of The Third Order Of St F Sheboygan, WI | $160,864,409 | $138,043,178 |
Beaver Dam Community Hospitals Inc Beaver Dam, WI | $193,989,750 | $109,285,462 |
Emma L Bixby Medical Center Toledo, OH | $214,732,301 | $139,202,852 |
Prohealth Oconomowoc Memorial Hospital Inc Oconomowoc, WI | $128,184,799 | $110,175,380 |
Southeastern Ohio Regional Medical Center Inc Cambridge, OH | $103,375,834 | $115,994,733 |
Munson Healthcare Otsego Memorial Hospital Gaylord, MI | $125,430,745 | $117,986,208 |
The Union Hospital Association Independence, OH | $196,450,752 | $107,783,506 |