Aspirus Keweenaw
- Assets
- $58.0m
- Revenue
- $65.8m
- Investments
- $1.7m
- Employees
- 364
- Location
- Laurium, MI
- Founding
- 08/1969
- Data as of
- 06/2022
- 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 06/2022, Aspirus Keweenaw employed 364 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 06/2022, Aspirus Keweenaw generated $65.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $64.1m during the year ending 06/2022. While expenses have increased by 3.6% 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
2022
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 |
|---|---|---|---|
Jennifer Redman-Schell Vice-Chrm/svp-Pres. Amg | OfficerTrustee | 2 | $0 |
Jesse Tischer Board Member/svp & Pres. Reg. Markets | Trustee | 2 | $0 |
Jennifer Weaver Board Member/nurse Practitioner | Trustee | 2 | $0 |
Daniel J Lukes DO Board Member/physician | Trustee | 2 | $0 |
Jonathan N Brueggeman Board Member/physician | Trustee | 2 | $0 |
Kristen Dmeske Np-C Board Member/nurse Practitioner | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wapiti Medical Group Limited Contract Labor - Providers | 6/29/22 | $2,427,024 |
Comphealth Inc Contract Labor - Providers | 6/29/22 | $643,663 |
Clayton Charles Md Llc Contract Labor - Provider | 6/29/22 | $582,500 |
Staffency Llc Contract Labor - Provider | 6/29/22 | $580,110 |
Michael Best & Friedrich Llp Lawyer Fees | 6/29/22 | $418,710 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,889,602 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,929,198 |
| Total Program Service Revenue | $63,229,617 |
| Investment income | $283,973 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $77,392 |
| Net Gain/Loss on Asset Sales | $132,238 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,806,503 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,412 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $22,786,456 |
| Pension plan accruals and contributions | $827,197 |
| Other employee benefits | $3,647,658 |
| Payroll taxes | $859,145 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $744,118 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $4,140 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $903 |
| Fees for services: Other | $9,438,159 |
| Advertising and promotion | $43,921 |
| Office expenses | $135,107 |
| Information technology | $26,775 |
| Royalties | $0 |
| Occupancy | $721,869 |
| Travel | $134,984 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $729,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,498,948 |
| Insurance | $371,567 |
| All other expenses | $1,031,613 |
| Total functional expenses | $64,078,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,378,488 |
| Savings and temporary cash investments | $1,062,744 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,528,629 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,487,847 |
| Prepaid expenses and deferred charges | $54,443 |
| Net Land, buildings, and equipment | $20,574,106 |
| Investments—publicly traded securities | $4,794,738 |
| Investments—other securities | $1,702,167 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,456,211 |
| Total assets | $58,039,373 |
| Accounts payable and accrued expenses | $4,268,199 |
| Grants payable | $0 |
| Deferred revenue | $893,030 |
| Tax-exempt bond liabilities | $16,867,875 |
| 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 | $6,844,244 |
| Total liabilities | $28,873,348 |
| Net assets without donor restrictions | $28,878,079 |
| 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 | $58,039,373 |