Aspirus Ironwood Hospital & Clinics Inc
- Assets
- $72.4m
- Revenue
- $74.4m
- Investments
- $0.0
- Employees
- 403
- Location
- Ironwood, MI
- Founding
- 03/1990
- Data as of
- 06/2022
- EIN
- 38-2908586
Organization Overview
Aspirus Ironwood Hospital & Clinics Inc is located in Ironwood, MI. The organization was established in 1990. 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 Ironwood Hospital & Clinics Inc employed 403 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus Ironwood Hospital & Clinics Inc 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 Ironwood Hospital & Clinics Inc generated $74.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $67.2m during the year ending 06/2022. While expenses have increased by 2.4% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
ASPIRUS IRONWOOD HOSPITAL AND CLINICS IS A 25-BED CRITICAL ACCESS HOSPITAL WHICH PROVIDES HEALTH CARE SERVICES TO RESIDENTS OF IRONWOOD, MICHIGAN AND ITS SURROUNDING COMMUNITIES. SOME OF THE SERVICES PROVIDED BEYOND TRADITIONAL INPATIENT HOSPITALIZATIONS INCLUDE SURGERY, EMERGENCY CARE, RADIOLOGY, LABORATORY, THERAPIES, EYE CARE, ONCOLOGY, SLEEP LAB, AND CARDIOLOGY, AMONG VARIOUS OTHER HEALTH CARE SERVICES.ASPIRUS IRONWOOD HOSPITAL AND CLINICS PROVIDES HEALTH CARE SERVICES TO ALL PEOPLE, REGARDLESS OF THEIR ABILITY TO PAY. FOR THOSE INDIVIDUALS UNABLE TO PAY FOR THEIR HEALTH CARE NEEDS, ASPIRUS IRONWOOD HOSPITAL AND CLINICS OFFERS SERVICES FOR FREE OR AT A REDUCED PRICE THROUGH THE FINANCIAL AID DISCOUNT POLICY. PLEASE REFER TO SCHEDULE H OF THE FORM 990 FOR ADDITIONAL INFORMATION ON THE COST OF FINANCIAL AID DISCOUNTS PROVIDED TO PATIENTS DURING FISCAL YEAR 2022.ASPIRUS IRONWOOD HOSPITAL AND CLINICS ALSO PROVIDES HEALTH CARE SERVICES TO INDIVIDUALS COVERED UNDER GOVERNMENT PROGRAMS SUCH AS MEDICARE AND MEDICAID WHICH OFTEN REIMBURSE THE HOSPITAL AT AMOUNTS SUBSTANTIALLY LOWER THAN THE USUAL AND CUSTOMARY CHARGE. THOSE PEOPLE COVERED BY THESE TYPES OF PROGRAMS NEED ACCESS TO HEALTH CARE BUT ARE OFTEN TIMES UNABLE TO TRAVEL LONG DISTANCES TO RECEIVE THIS CARE. ASPIRUS IRONWOOD HOSPITAL AND CLINICS PROVIDES THIS LOCAL, QUALITY HEALTH CARE TO MANY ELDERLY AND LOW-INCOME INDIVIDUALS THAT ARE IN NEED OF HEALTH CARE. DURING FISCAL YEAR 2022, MORE THAN 69.5% OF THE HOSPITAL'S GROSS PATIENT SERVICE REVENUE WAS FROM BENEFICIARIES OF MEDICARE AND MEDICAID.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse Tischer SVP & President-Reg. Markets | Trustee | 1 | $0 |
Daniel Lukes Board Member/physician | Trustee | 1 | $0 |
Jennifer Redman-Schell SVP & President-Amg | OfficerTrustee | 1 | $0 |
Jonathan Brueggeman Board Member/physician | Trustee | 1 | $0 |
Christine Harff Board Member(thru 10/21)/pres.-Reg. Up | Trustee | 1 | $0 |
Patrick Tincher Jr Vp-Finance Regional Operations | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michigan Emergency Physicians Er Physician Coverage | 6/29/22 | $2,029,240 |
Staffency Llc Contract Labor | 6/29/22 | $1,310,017 |
Wapiti Contract Provider | 6/29/22 | $404,341 |
Upper Peninsula Health Care Solutions Mri Services | 6/29/22 | $518,397 |
Telehealth Solutions Electronic Medical Services | 6/29/22 | $323,490 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,627,381 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,257 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,629,638 |
| Total Program Service Revenue | $71,966,385 |
| Investment income | $479,075 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,346 |
| Net Gain/Loss on Asset Sales | $201,296 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $74,400,615 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $772 |
| 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 | $24,207,654 |
| Pension plan accruals and contributions | $942,222 |
| Other employee benefits | $3,388,389 |
| Payroll taxes | $961,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $43,955 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,682 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,195 |
| Fees for services: Other | $8,863,363 |
| Advertising and promotion | $30,385 |
| Office expenses | $124,132 |
| Information technology | $31,540 |
| Royalties | $0 |
| Occupancy | $599,108 |
| Travel | $157,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $566,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,610,179 |
| Insurance | $422,838 |
| All other expenses | $1,490,825 |
| Total functional expenses | $67,154,021 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,642,140 |
| Savings and temporary cash investments | $11,465,541 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,973,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,696,641 |
| Prepaid expenses and deferred charges | $207,028 |
| Net Land, buildings, and equipment | $25,521,886 |
| Investments—publicly traded securities | $9,800,243 |
| Investments—other securities | $0 |
| Investments—program-related | $5,171,676 |
| Intangible assets | $236,607 |
| Other assets | $5,669,969 |
| Total assets | $72,385,424 |
| Accounts payable and accrued expenses | $3,981,450 |
| Grants payable | $0 |
| Deferred revenue | $1,337,883 |
| Tax-exempt bond liabilities | $14,090,621 |
| 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 | $13,461,982 |
| Total liabilities | $32,871,936 |
| Net assets without donor restrictions | $38,941,153 |
| Net assets with donor restrictions | $572,335 |
| 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 | $72,385,424 |