Aspirus Inc
- Assets
- $605.6m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 1,994
- Location
- Wausau, WI
- Founding
- 05/1979
- Data as of
- 06/2022
- EIN
- 39-1328331
Organization Overview
Aspirus Inc is located in Wausau, WI. The organization was established in 1979. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 06/2022, Aspirus Inc employed 1,994 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aspirus 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 Inc generated $7.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year.
Since 2015, Aspirus Inc has awarded 13 individual grants totaling $2,153,533. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T 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:
TO PROVIDE HEALTH CARE SERVICES TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY. ASPIRUS, INC. PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS COMMUNITY CARE POLICY WITHOUT CHARGE. THE ESTIMATED COST OF PROVIDING CARE UNDER THIS POLICY AGGREGATED TO APPROXIMATELY $11,371,000 IN FY2022. (THIS COST INCLUDES ASPIRUS, INC. AND ITS CONSOLIDATED AFFILIATES.) THE COST WAS CALCULATED BY MULTIPLYING THE RATIO OF COST TO GROSS CHARGES FOR ASPIRUS, INC. BY THE GROSS UNCOMPENSATED CHARGES ASSOCIATED WITH PROVIDING THE COMMUNITY CARE.AS PART OF ITS PATIENT SERVICES, ASPIRUS, INC. ALSO PROVIDES SERVICES TO BENEFICIARIES OF THE MEDICARE AND MEDICAID PROGRAMS WHICH OFTEN REIMBURSE THE ORGANIZATION BASED ON PREDETERMINED FEE SCHEDULES WHICH ARE OFTEN BELOW THE COST OF PROVIDING CARE TO THESE INDIVIDUALS. THESE PROGRAMS PROVIDE HEALTH CARE SERVICES TO A LARGE PORTION OF THE ELDERLY, LOW INCOME, AND DISABLED MEMBERS OF THE COMMUNITY WHO NEED ACCESS TO HIGH QUALITY CARE.
ASPIRUS, INC. PROVIDES CORPORATE FUNCTIONAL SUPPORT SERVICES TO THE AFFILIATED ENTITIES IN ORDER TO ALLOW THOSE ENTITIES TO FOCUS ON THEIR MISSIONS OF PROVIDING HEALTH CARE SERVICES TO PATIENTS REGARDLESS OF THEIR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Heywood President & CEO Aspirus | OfficerTrustee | 50 | $2,684,221 |
Noel Sonnek MD Board Member/physician | Trustee | 1 | $0 |
Graham Chip Courtney Chair | OfficerTrustee | 1 | $0 |
Richard V Poirier Vice Chair | OfficerTrustee | 1 | $0 |
Sherri L Lemmer Treasurer | OfficerTrustee | 1 | $0 |
Kathy Kelsey Foley Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cdw Government Llc It Services | 6/29/22 | $29,906,654 |
Nordic Consulting It Services | 6/29/22 | $14,209,569 |
Epic Systems Corporation Emr System | 6/29/22 | $8,578,422 |
Microsoft Corporation It Services | 6/29/22 | $3,365,214 |
Innovative Consulting Group It Services | 6/29/22 | $3,261,650 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $31,074 |
| 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 | $31,074 |
| Total Program Service Revenue | $1,426,191 |
| Investment income | $4,645,014 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,424,086 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,575,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $14,650 |
| Grants and other assistance to domestic individuals. | $70,142 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$2,396,485 |
| Total functional expenses | -$2,311,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $134,476,565 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$2,279,195 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,302 |
| Prepaid expenses and deferred charges | $17,605,178 |
| Net Land, buildings, and equipment | $62,406,852 |
| Investments—publicly traded securities | $265,681,938 |
| Investments—other securities | $0 |
| Investments—program-related | $114,731,193 |
| Intangible assets | $650,000 |
| Other assets | $12,322,923 |
| Total assets | $605,601,756 |
| Accounts payable and accrued expenses | $57,510,902 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $64,692,726 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $51,816,806 |
| Total liabilities | $174,020,434 |
| Net assets without donor restrictions | $431,581,322 |
| 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 | $605,601,756 |
Grants Awarded
Over the last fiscal year, Aspirus Inc has awarded $71,666 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY OF MARATHON COUNTY PURPOSE: SPONSORSHIP | $56,666 |
CENTERGY INC PURPOSE: SPONSORSHIP | $5,000 |
ASPIRUS MEDICAL GROUP INC PURPOSE: PHARMACEUTICAL SUPPORT | $10,000 |