Spooner Health System Inc
- Assets
- $63.1m
- Revenue
- $32.5m
- Investments
- $0.0
- Employees
- 173
- Location
- Spooner, WI
- Founding
- 04/1956
- Data as of
- 03/2023
- EIN
- 39-0892183
Organization Overview
Spooner Health System Inc is located in Spooner, WI. The organization was established in 1956. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 03/2023, Spooner Health System Inc employed 173 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Spooner Health System 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 03/2023, Spooner Health System Inc generated $32.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $31.2m during the year ending 03/2023. While expenses have increased by 5.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HIGH QUALITY HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPOONER HEALTH SYSTEM IS A 25 BED CRITICAL ACCESS HOSPITAL THAT PLAYS A VITAL ROLE IN THE HEALTH AND WELL-BEING OF THE COMMUNITY BY OFFERING SERVICES TO PATIENTS SUCH AS 24-HOUR EMERGENCY CARE, ACUTE CARE, SURGICAL, REHABILITATION, DIAGNOSTIC, HOSPICE AND WOUND CARE. FOR THE FISCAL YEAR ENDING 3/31/2023, THERE WERE 2,105 INPATIENT DAYS, 375 INPATIENT DISCHARGES, 23,847 OUTPATIENT VISITS, 7,151 EMERGENCY ROOM VISITS, AND 441 SURGERIES ALONG WITH 649 SCOPE PROCEDURES. SPOONER HEALTH SYSTEM PROVIDES CARE TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS SUCH AS MEDICARE AND MEDICAID AT SUBSTANTIAL DISCOUNTS FROM STANDARD FEES. A FINANCIAL ASSISTANCE PROGRAM, WHICH INCLUDES FEE DISCOUNTS AS WELL AS 100% FREE CARE, IS ALSO AVAILABLE FOR PATIENTS FINANCIALLY UNABLE TO PAY FOR SERVICES.
THE HOME HEALTH AGENCY PROVIDES ESSENTIAL NURSING AND REHABILITATION SERVICES TO PATIENTS IN THEIR HOME. FOR THE FISCAL YEAR ENDING 3/31/2023, THERE WERE 2,386 HOME HEALTH VISITS SERVING 282 PATIENTS, 102 ADMITTED CASES, AND 103 DISCHARGED CASES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jamie Morales Board President | OfficerTrustee | 1 | $0 |
Tim Reedy Board Vice President | OfficerTrustee | 1 | $0 |
Nicole Tims Board Treasurer | OfficerTrustee | 1 | $0 |
Mark Van Etten MD Board Secretary | OfficerTrustee | 1 | $0 |
Mark Reuter MD Medical Director | Trustee | 1 | $0 |
Brian Gaskill DO Board Member/chief Of Staff | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Wapiti Medical Group-wood River Llc Er Physician Coverage | 3/30/23 | $1,756,800 |
Aramark Culinary/laundry/evs | 3/30/23 | $1,342,332 |
Medical Solutions Llc Contract Staffing | 3/30/23 | $1,069,318 |
Aureus Nursing Llc Contract Staffing | 3/30/23 | $881,079 |
Aya Healthcare Contract Staffing | 3/30/23 | $867,260 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,196 |
| Related organizations | $0 |
| Government grants | $637,314 |
| 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 | $645,510 |
| Total Program Service Revenue | $30,686,261 |
| Investment income | $925,471 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,209 |
| Net Gain/Loss on Asset Sales | $108,410 |
| Net Income from Fundraising Events | $2,883 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,545,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $200,460 |
| Compensation of current officers, directors, key employees. | $200,460 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,880,046 |
| Pension plan accruals and contributions | $391,558 |
| Other employee benefits | $1,495,510 |
| Payroll taxes | $706,264 |
| Fees for services: Management | $918,781 |
| Fees for services: Legal | $67,656 |
| Fees for services: Accounting | $91,512 |
| Fees for services: Lobbying | $5,261 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,136,685 |
| Advertising and promotion | $303,785 |
| Office expenses | $151,930 |
| Information technology | $938,431 |
| Royalties | $0 |
| Occupancy | $1,315,811 |
| Travel | $76,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,405 |
| Interest | $508,837 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,990,595 |
| Insurance | $124,812 |
| All other expenses | $198,968 |
| Total functional expenses | $31,217,257 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,549,860 |
| Savings and temporary cash investments | $541,120 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,406,966 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $676,442 |
| Prepaid expenses and deferred charges | $348,915 |
| Net Land, buildings, and equipment | $21,085,635 |
| Investments—publicly traded securities | $33,849,817 |
| Investments—other securities | $0 |
| Investments—program-related | $633,975 |
| Intangible assets | $0 |
| Other assets | $1,014,525 |
| Total assets | $63,107,255 |
| Accounts payable and accrued expenses | $3,296,547 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,452,269 |
| 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 | $1,725,943 |
| Total liabilities | $21,474,759 |
| Net assets without donor restrictions | $41,632,496 |
| 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 | $63,107,255 |