Aspirus Iron River Hospital & Clinics Inc
- Assets
- $34.7m
- Revenue
- $40.0m
- Investments
- $0.0
- Employees
- 271
- Location
- Iron River, MI
- Founding
- 10/1995
- Data as of
- 06/2022
- EIN
- 38-3236977
Organization Overview
Aspirus Iron River Hospital & Clinics Inc is located in Iron River, MI. The organization was established in 1995. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 06/2022, Aspirus Iron River Hospital & Clinics Inc employed 271 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus Iron River 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 Iron River Hospital & Clinics Inc generated $40.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $39.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. 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 IRON RIVER HOSPITAL (AIR) PROVIDES COMPREHENSIVE INPATIENT, OUTPATIENT, EMERGENCY, MEDICAL AND PHYSICIAN CLINIC SERVICES. IN 2021, AIR HAD 481 INPATIENT ADMISSIONS AND 1,442 INPATIENT DAYS ALONG WITH 6,931 EMERGENCY DEPARTMENT VISITS WITH AN EMERGENCY PROVIDER STAFFED 24/7. AIR HAS 2 PROVIDER CLINICS, ONE ON THE HOSPITAL CAMPUS AND ONE LOCATED 15 MILES AWAY IN CRYSTAL FALLS, MI., BOTH PROVIDED 20,368 PATIENT VISITS IN 2021. THE HOSPITAL ALSO PROVIDES ICU SERVICES ALONG WITH A SWING BED PROGRAM. THE HOSPITAL ALSO HAS FULLY FUNCTIONING LAB AND RADIOLOGY DEPARTMENTS THAT ARE SUPPLEMENTED BY A MOBILE MRI UNIT THAT VISITS THE HOSPITAL CAMPUS BIWEEKLY. BOTH IP AND OP SURGERIES ARE PERFORMED WITH TOTAL OR CASES OF 757 IN 2021. BECAUSE OF REGIONAL AFFILIATION, AIR IS ALSO ABLE TO PROVIDE ORTHOPEDIC, OB CLINIC VISITS, CARDIOLOGY, BEHAVIORAL HEALTH, AND ONCOLOGY SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Lorenson Chairman (thru Jan '22) | OfficerTrustee | 2 | $0 |
Jennifer Redman-Schell Vice-Chrm/svp & President Amg | OfficerTrustee | 2 | $0 |
Steven Tinti Treasurer | OfficerTrustee | 2 | $0 |
Katie Clark Secretary | OfficerTrustee | 2 | $0 |
Jesse Tischer Director/svp & President Reg. Mkts. | Trustee | 2 | $0 |
Jonathan N Brueggeman Board Member/cmo-Up Region | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innova Emergency Services Emergency Dept Providers | 6/29/22 | $2,408,911 |
John Maesaka Md Locum Doctor | 6/29/22 | $399,900 |
Telehealth Solutions Pllc Electronic Medical Services | 6/29/22 | $317,300 |
Orthopedic Solutions Locum Doctor | 6/29/22 | $377,500 |
Upper Peninsula Health Care Solutions Mobile Mri Services | 6/29/22 | $339,091 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,342,286 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,879 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,353,165 |
| Total Program Service Revenue | $38,488,071 |
| Investment income | $4,782 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $84,862 |
| Net Gain/Loss on Asset Sales | $3,897 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,988,513 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $177 |
| 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. | $116,464 |
| Compensation of current officers, directors, key employees. | $116,464 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,784,423 |
| Pension plan accruals and contributions | $452,712 |
| Other employee benefits | $2,159,068 |
| Payroll taxes | $876,791 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,540 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $3,682 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,746 |
| Fees for services: Other | $5,980,157 |
| Advertising and promotion | $8,564 |
| Office expenses | $56,313 |
| Information technology | $14,976 |
| Royalties | $0 |
| Occupancy | $625,943 |
| Travel | $65,467 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $321,195 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,986,546 |
| Insurance | $185,866 |
| All other expenses | $1,167,955 |
| Total functional expenses | $39,808,843 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,293,166 |
| Savings and temporary cash investments | $148,920 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,398,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $819,977 |
| Prepaid expenses and deferred charges | $473,906 |
| Net Land, buildings, and equipment | $19,793,508 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,736,356 |
| Total assets | $34,664,104 |
| Accounts payable and accrued expenses | $2,096,701 |
| Grants payable | $0 |
| Deferred revenue | $649,154 |
| Tax-exempt bond liabilities | $16,442,997 |
| 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 | $8,221,390 |
| Total liabilities | $27,410,242 |
| Net assets without donor restrictions | $7,253,862 |
| Net assets with donor restrictions | $0 |
| 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 | $34,664,104 |