Aspirus Stevens Point Hospital & Clinics Inc
- Assets
- $114.1m
- Revenue
- $176.7m
- Investments
- $0.0
- Employees
- 618
- Location
- Wausau, WI
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 39-0808443
Organization Overview
Aspirus Stevens Point Hospital & Clinics Inc is located in Wausau, WI. The organization was established in 1946. 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 Stevens Point Hospital & Clinics Inc employed 618 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Aspirus Stevens Point 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 06/2021, Aspirus Stevens Point Hospital & Clinics Inc generated $176.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $198.2m during the year ending 06/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE HEALTH AND WELL-BEING OF ALL PEOPLE IN THE COMMUNITIES WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASCENSION ST. MICHAEL'S HOSPITAL, INC. IS A 50-BED HOSPITAL CAMPUS PROVIDING SERVICES WITHOUT REGARD TO PATIENT RACE, CREED, NATIONAL ORIGIN, ECONOMIC STATUS, OR ABILITY TO PAY. DURING FISCAL YEAR 2021, ASCENSION ST. MICHAEL'S HOSPITAL, INC. TREATED 2,817 ADULTS AND CHILDREN FOR A TOTAL OF 10,671 PATIENT DAYS OF SERVICE. THE HOSPITAL ALSO PROVIDED SERVICES FOR 461,605 OUTPATIENT VISITS, WHICH INCLUDED 3,067 OUTPATIENT SURGERIES AND 13,357 EMERGENCY ROOM VISITS. SEE SCHEDULE H FOR A NON-EXHAUSTIVE LIST OF COMMUNITY BENEFIT PROGRAMS AND DESCRIPTIONS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Key Employee (end 12/2017) | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cardiosolution Physicians California Pc Physician Services | 6/29/21 | $1,016,104 |
Hayes Locums Llc Staffing Services | 6/29/21 | $673,705 |
Clankeegan Consulting Llc Consulting Services | 6/29/21 | $602,895 |
Radiation Oncology Specialists Sc Oncology Services | 6/29/21 | $566,000 |
Eagle Telemed Holdings Llc Telemedicine Services | 6/29/21 | $550,342 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $335,237 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $335,237 |
| Total Program Service Revenue | $175,601,340 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $25,848 |
| Net Gain/Loss on Asset Sales | -$85,795 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $176,744,435 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,359 |
| 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. | $271,182 |
| Compensation of current officers, directors, key employees. | $271,182 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,570,520 |
| Pension plan accruals and contributions | $1,273,840 |
| Other employee benefits | $10,561,449 |
| Payroll taxes | $3,722,736 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $568 |
| Fees for services: Lobbying | $4,472 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,542,800 |
| Advertising and promotion | $30,213 |
| Office expenses | $244,953 |
| Information technology | $90,617 |
| Royalties | $0 |
| Occupancy | $2,843,255 |
| Travel | $111,369 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $106,529 |
| Interest | $66 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,739,286 |
| Insurance | $0 |
| All other expenses | $8,930,185 |
| Total functional expenses | $198,207,314 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,450 |
| Savings and temporary cash investments | $92,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,737,415 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,146,670 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $76,634,822 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $749,301 |
| Other assets | $11,698,570 |
| Total assets | $114,066,007 |
| Accounts payable and accrued expenses | $10,864,893 |
| Grants payable | $0 |
| Deferred revenue | $13,224 |
| Tax-exempt bond liabilities | $0 |
| 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 | $38,528,065 |
| Total liabilities | $49,406,182 |
| Net assets without donor restrictions | $64,659,825 |
| 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 | $114,066,007 |
Grants Awarded
Over the last fiscal year, Aspirus Stevens Point Hospital & Clinics Inc has awarded $20,200 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Stevens Point, WI PURPOSE: SIB PAB PREPARED MEAL PROGRAM ADDRESSING HEALTHY WEIGHT | $15,000 |
Stevens Point, WI PURPOSE: HEALTHY HABITS PROGRAMS FOR YOUTH | $5,200 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Aspirus Stevens Point Hospital & Clinics Inc has recieved totaling $335,237.
| Awarding Organization | Amount |
|---|---|
Aspirus Stevens Point Hospital Foundation Inc Wausau, WI PURPOSE: GENERAL SUPPORT | $213,652 |
Columbia St Marys Foundation Inc St Louis, MO PURPOSE: General/Capital Support | $61,590 |
Good Samaritan Health Center Foundation Of Merrill Wisc Inc Wausau, WI PURPOSE: GENERAL SUPPORT | $59,995 |
Endowment Analysis
| Beg. Balance | $2,333,408 |
| Earnings | $5,889 |
| Admin Expense | $23,393 |
| Other Expense | $2,315,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
St Cloud Hospital St Cloud, MN | $1,702,572,092 | $1,117,982,242 |
Advocate North Side Health Network Downers Grove, IL | $946,824,836 | $901,672,521 |
The Carle Foundation Hospital Urbana, IL | $465,988,906 | $1,085,020,210 |
Regions Hospital Minneapolis, MN | $1,151,249,927 | $936,558,758 |
Catholic Health Initiatives-Iowa Corp Des Moines, IA | $1,114,579,485 | $904,841,538 |
Central Iowa Hospital Corporation Des Moines, IA | $1,438,981,448 | $937,321,371 |
Covenant Medical Center Inc Saginaw, MI | $1,038,790,282 | $776,913,978 |
North Memorial Health Care Robbinsdale, MN | $764,114,547 | $789,881,568 |
Allegiance Health Jackson, MI | $830,742,312 | $709,583,429 |
Munson Medical Center Traverse City, MI | $1,240,001,316 | $752,883,085 |
Edward Hospital Naperville, IL | $472,054,647 | $761,222,693 |
Swedish American Hospital Rockford, IL | $973,707,288 | $637,025,862 |