Aspirus Medford Hospital & Clinics Inc is located in Medford, WI. The organization was established in 1964. 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 Medford Hospital & Clinics Inc employed 686 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus Medford 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 Medford Hospital & Clinics Inc generated $105.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $86.0m during the year ending 06/2021. While expenses have increased by 3.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE HEAL PEOPLE, PROMOTE HEALTH AND STRENGTHEN COMMUNITIES.
Describe the Organization's Program Activity:
HOSPITAL SERVICES - ASPIRUS MEDFORD HOSPITAL & CLINICS, INC. (AMHC) OPERATES A 25-BED CRITICAL ACCESS HOSPITAL IN MEDFORD, WISCONSIN. DURING THE YEAR ENDED JUNE 30, 2021, THE HOSPITAL HAD 3,637 INPATIENT DAYS AND 89,655 OUTPATIENT VISITS. SURGERY, EMERGENCY CARE, RADIOLOGY, LABORATORY, CHEMOTHERAPY/INFUSION, DIALYSIS, AND THERAPIES ARE JUST SOME OF THE OTHER SERVICES THAT AMHC PROVIDES WITHIN THE HOSPITAL. AS A CRITICAL ACCESS HOSPITAL, AMHC PROVIDES ACCESS TO LOCAL HEALTH CARE FOR THE COMMUNITIES OF WHICH THEY SERVE.AMHC ALSO PROMISES TO THE COMMUNITY TO PROVIDE HEALTH CARE SERVICES TO THOSE IN NEED REGARDLESS OF THEIR ABILITY TO PAY AS DEFINED IN AMHC'S CHARITY AND COMMUNITY CARE POLICIES AND PROGRAMS. DURING FISCAL YEAR 2021, AMHC'S CHARITY CARE PROGRAM AWARDED APPROXIMATELY $1,777,535 IN FINANCIAL ASSISTANCE THROUGH CHARGE REDUCTIONS TO PATIENTS WHO COULD NOT OTHERWISE AFFORD CARE. ADDITIONAL INFORMATION ON THE COST OF PROVIDING CHARITY CARE TO PATIENTS CAN BE FOUND IN SCHEDULE H OF THE FORM 990. IN ADDITION TO PROVIDING CHARITY CARE SERVICES, AMHC ALSO PROVIDES A SIGNIFICANT AMOUNT OF SERVICES TO BENEFICIARIES OF THE MEDICARE AND MEDICAID PROGRAMS. DURING FISCAL YEAR 2021, APPROXIMATELY 59 PERCENT OF THE PATIENT SERVICES PROVIDED BY AMHC WERE PROVIDED TO MEDICARE AND MEDICAID PROGRAM BENEFICIARIES. THESE SERVICES ARE CONSIDERED A LARGE NEED IN THE COMMUNITY AND AMHC IS OFTEN REIMBURSED AT RATES BELOW THE COST OF PROVIDING THE CARE FOR THESE PATIENTS.
CLINIC SERVICES - AMHC OPERATES SEVEN OUTPATIENT CLINICS IN THE COMMUNITIES OF ABBOTSFORD, ATHENS, GILMAN, MEDFORD, PHILLIPS, PRENTICE AND RIB LAKE (ALL LOCATED WITHIN THE STATE OF WISCONSIN). DURING THE YEAR ENDED JUNE 30, 2021, THE CLINICS HAD 52,037 VISITS. AMHC PROVIDES ACCESS TO PRIMARY CARE PHYSICIANS IN THESE RURAL AND MEDICALLY UNDERSERVED AREAS.THE CLINICS ALSO SERVES A LARGE PORTION OF ELDERLY, DISABLED, AND LOW-INCOME PATIENTS WHO ARE COVERED UNDER THE MEDICARE AND WISCONSIN MEDICAID PROGRAMS. PATIENTS OF THE AMHC CLINICS ARE ALSO ELIGIBLE FOR CHARITY CARE AS DEFINED BY AMHC'S CHARITY CARE POLICY. CHARITY CARE AMOUNTS FOR THE CLINICS ARE INCLUDED IN THE TOTAL NOTED UNDER 4A ABOVE.
SENIOR CARE SERVICES - AMHC OPERATES A 50-BED SKILLED NURSING FACILITY (SNF), 10 CBRF APARTMENTS, AND A 28-UNIT RCAC. DURING THE YEAR ENDED JUNE 30, 2021, THE SNF HAD A DAILY CENSUS OF 36.43 AND THE RCAC HAD A DAILY CENSUS OF 22.19. THROUGH THESE SENIOR CARE SERVICES, AMHC PROVIDES CARE AND ASSISTANCE TO THE ELDERLY IN OUR COMMUNITY. A MAJORITY OF THE RESIDENTS RECEIVING SENIOR CARE SERVICES AT AMHC RECEIVE CARE UNDER THE WISCONSIN MEDICAID OR FAMILY CARE PROGRAMS. AMHC RECOGNIZES THAT THE COST OF CARING FOR THESE INDIVIDUALS OFTEN EXTENDS BEYOND THE AMOUNT THAT IS PAID TO AMHC BY THE MEDICAID PROGRAM. ADDITIONAL INFORMATION ON THE COST OF PROVIDING SERVICES TO MEDICAID PROGRAM BENEFICIARIES CAN BE FOUND IN SCHEDULE H OF THE FORM 990.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Vanderkin Physician | 40 | $670,853 | |
Clint Semrau Physician | 40 | $551,347 | |
Sujatha Roberts Physician | 40 | $549,350 | |
Stephen Vanwylen Physician | 40 | $493,848 | |
Philip Bovet Physician | 40 | $466,294 | |
Dale Hustedt President | OfficerTrustee | 50 | $314,608 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Total Msp Llc Contracted Labor Services | 6/29/21 | $559,625 |
J H Findorff & Son Inc Capital Project | 6/29/21 | $1,138,941 |
Miron Construction Co Inc Contracted Services | 6/29/21 | $514,028 |
American Radiology Sc Contracted Labor Services | 6/29/21 | $441,735 |
Renovo Solutions Llc Contracted Services | 6/29/21 | $438,144 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $286,863 |
Government grants | $4,955,559 |
All other contributions, gifts, grants, and similar amounts not included above | $9,558 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,251,980 |
Total Program Service Revenue | $95,320,241 |
Investment income | $4,493,329 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $60,960 |
Net Gain/Loss on Asset Sales | $512,085 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $105,652,472 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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. | $1,240,200 |
Compensation of current officers, directors, key employees. | $1,013,184 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $30,691,356 |
Pension plan accruals and contributions | $1,465,420 |
Other employee benefits | $5,909,437 |
Payroll taxes | $1,919,731 |
Fees for services: Management | $1,582,000 |
Fees for services: Legal | $2,084 |
Fees for services: Accounting | $150 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $8,514,859 |
Advertising and promotion | $133,255 |
Office expenses | $123,908 |
Information technology | $473,783 |
Royalties | $0 |
Occupancy | $1,093,374 |
Travel | $200,204 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $574,981 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,088,783 |
Insurance | $233,962 |
All other expenses | $1,026,169 |
Total functional expenses | $86,043,040 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $39,596,757 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $10,810,869 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $1,381,231 |
Prepaid expenses and deferred charges | $62,515 |
Net Land, buildings, and equipment | $29,336,699 |
Investments—publicly traded securities | $95,601,479 |
Investments—other securities | $1,986,979 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $14,440,935 |
Total assets | $193,217,464 |
Accounts payable and accrued expenses | $11,772,743 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $13,619,095 |
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 | $8,767,807 |
Total liabilities | $34,159,645 |
Net assets without donor restrictions | $157,070,840 |
Net assets with donor restrictions | $1,986,979 |
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 | $193,217,464 |
Over the last fiscal year, we have identified 2 grants that Aspirus Medford Hospital & Clinics Inc has recieved totaling $40,868.
Awarding Organization | Amount |
---|---|
Nicolet National Foundation Inc Green Bay, WI PURPOSE: ASSIST ONGOING OPS | $25,000 |
Memorial Member Association Inc Medford, WI PURPOSE: SUPPORT OF THE COMMUNITY NEEDS DEPARTMENT | $15,868 |
Beg. Balance | $143,901 |
Earnings | $27,506 |
Grants | $26,092 |
Ending Balance | $145,315 |
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 |