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← ASPIRUS BUILDINGS INC

Form 990 for tax year 2023

Filed by ASPIRUS BUILDINGS INC.

Totals

Total revenue
$1,948,139
Total expenses
$2,131,656
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,948,168
Investment income
-$29
Other revenue
$0
Total assets, end of year
$31,649,658
Total liabilities, end of year
$13,794,101
Net assets or fund balances, end of year
$17,855,557
Program services expenses (Part IX)
$586,557
Management and general expenses
$1,545,099
Fundraising expenses
$0
Program service expenses (Part III)
$586,557

Program services were 27.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,948,168 · related or exempt $1,948,168

  • 7b · Less cost or other basis and sales expenses

    other assets $29

  • 7c · Gain or loss

    other assets -$29

  • 7d · Net gain or loss

    total -$29 · excluded -$29

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $740 · management and general $740

  • 11g · Fees: other

    total $29,895 · management and general $29,895

  • 16 · Occupancy

    total $579,524 · management and general $579,524

  • 20 · Interest

    total $352,791 · management and general $352,791

  • 22 · Depreciation, depletion and amortization

    total $409,774 · program services $409,774

  • 23 · Insurance

    total $1,489 · program services $1,489

  • 24a · Other expenses: CORPORATE ALLOCATIONS

    total $555,301 · management and general $555,301

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $117,469 · program services $117,469

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $57,825 · program services $57,825

  • 24d · Other expenses: LICENSES & FEES

    total $26,798 · management and general $26,798

  • 24e · All other expenses

    total $50 · management and general $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $765,291 · end of year $0

  • 4 · Accounts receivable

    beginning of year $294,830 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $379 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $41,471,413

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,181,803

  • 10c · Land, buildings and equipment, net

    beginning of year $31,320,603 · end of year $31,289,610

  • 15 · Other assets

    beginning of year $474,431 · end of year $360,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,030,496 · end of year $2,195,714

  • 19 · Deferred revenue

    beginning of year $25,215 · end of year $15,514

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,601,833 · end of year $11,539,544

  • 25 · Other liabilities

    beginning of year $0 · end of year $43,329

  • 27 · Net assets without donor restrictions

    beginning of year $19,197,990 · end of year $17,855,557

Mission and programs · 2023

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

  • ASPIRUS BUILDINGS, INC. IS A WHOLLY OWNED SUBSIDIARY OF ASPIRUS, INC. ABI OWNS AND LEASES MEDICAL AND PROFESSIONAL OFFICE BUILDINGS AND EQUIPMENT TO VARIOUS MEDICAL SERVICE PROVIDERS IN CENTRAL AND NORTHERN WISCONSIN. AT JUNE 30, 2024, ASPIRUS BUILDINGS, INC. HAD INTERESTS IN TWO MEDICAL OFFICE BUILDING PARTNERSHIPS LOCATED IN WAUSAU AND LAND O'LAKES, WI. ASPIRUS BUILDINGS, INC. IS RELATED TO MORE THAN THIRTY OTHER ENTITIES BY COMMON CONTROL OF ASPIRUS. SEE SCHEDULE R FOR A COMPLETE LISTING.

    Expenses $586,557 · Revenue $1,948,168

As filed on the 2023 return.

Listed in Part VII

  • Matthew Heywood

    VICE CHAIR/PRESIDENT & CEO ASPIRUS

    Total calculated
    $1,922,303
    From this org
    $0
    From related orgs
    $1,618,117
    Other
    $304,186
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,252,365 related
    Bonus
    $0 + $353,673 related
    Other
    $0 + $12,079 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $294,286 related
    Filer's total
    $0 + $1,922,303 related

  • Brian Prunty

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Michael Bovee

    BOARD MEMBER (THRU 09/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Leonard Hamman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Heck

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sherri Lemmer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeremy Lewitzke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Richard Poirier

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kirk Schott Od

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sidney Sczygelski

    SVP-SPECIAL PROJECTS

    Total calculated
    $1,429,019
    From this org
    $0
    From related orgs
    $1,294,746
    Other
    $134,273
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $659,271 related
    Bonus
    $0 + $285,397 related
    Other
    $0 + $350,078 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $124,373 related
    Filer's total
    $0 + $1,429,019 related

  • Jerry M Yang

    SVP-CHIEF FINANCIAL OFFICER

    Total calculated
    $0
    Hours/week
    2 + 50 related

  • Jesse Tischer

    (NV) SVP & PRES.-AWH (THRU 01/24)

    Total calculated
    $880,397
    From this org
    $0
    From related orgs
    $764,397
    Other
    $116,000
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $593,683 related
    Bonus
    $0 + $118,969 related
    Other
    $0 + $51,745 related
    Deferred
    $0 + $4,185 related
    Nontaxable benefits
    $0 + $111,815 related
    Filer's total
    $0 + $880,397 related

  • Constance Bradley

    (NV) INT PRES/SVP & PRES REG MKTS

    Total calculated
    $579,645
    From this org
    $0
    From related orgs
    $489,478
    Other
    $90,167
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $391,495 related
    Bonus
    $0 + $70,030 related
    Other
    $0 + $27,953 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $80,267 related
    Filer's total
    $0 + $579,645 related

  • Jeffrey Jones

    SVP-CFO (THRU 04/23)

    Total calculated
    $235,898
    From this org
    $0
    From related orgs
    $222,942
    Other
    $12,956
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $220,906 related
    Bonus
    $0
    Other
    $0 + $2,036 related
    Deferred
    $0 + $3,492 related
    Nontaxable benefits
    $0 + $9,464 related
    Filer's total
    $0 + $235,898 related

  • Eric Anderson

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $598,403
    From this org
    $0
    From related orgs
    $498,735
    Other
    $99,668
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $423,444 related
    Bonus
    $0 + $72,853 related
    Other
    $0 + $2,438 related
    Deferred
    $0 + $9,358 related
    Nontaxable benefits
    $0 + $90,310 related
    Filer's total
    $0 + $598,403 related

  • Matthew Brewer

    VP-OPERATIONS

    Total calculated
    $270,085
    From this org
    $0
    From related orgs
    $248,668
    Other
    $21,417
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,938 related
    Bonus
    $0 + $25,386 related
    Other
    $0 + $76,344 related
    Deferred
    $0 + $811 related
    Nontaxable benefits
    $0 + $20,606 related
    Filer's total
    $0 + $270,085 related

  • William Carroll

    VP-INFORMATION TECHNOLOGY

    Total calculated
    $354,272
    From this org
    $0
    From related orgs
    $316,286
    Other
    $37,986
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $280,399 related
    Bonus
    $0 + $33,439 related
    Other
    $0 + $2,448 related
    Deferred
    $0 + $9,592 related
    Nontaxable benefits
    $0 + $28,394 related
    Filer's total
    $0 + $354,272 related

  • Jennifer Redman-Schell

    SVP & PRESIDENT-AMG

    Total calculated
    $702,198
    From this org
    $0
    From related orgs
    $607,634
    Other
    $94,564
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $509,155 related
    Bonus
    $0 + $94,839 related
    Other
    $0 + $3,640 related
    Deferred
    $0 + $9,900 related
    Nontaxable benefits
    $0 + $84,664 related
    Filer's total
    $0 + $702,198 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
FOR THE PURPOSES OF DETERMINING COMPENSATION, ASPIRUS BUILDINGS, INC. RELIED ON RELATED ORGANIZATIONS TO ESTABLISH COMPENSATION OF THE CEO, OTHER OFFICERS, AND KEY EMPLOYEES. THE RELATED ORGANIZATIONS USED THE FOLLOWING PRACTICES FOR ESTABLISHING COMPENSATION FOR SUCH INDIVIDUALS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4B
SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) S. SCZYGELSKI $337,358 J. TISCHER $50,242 C. BRADLEY $24,444 KEY EMPLOYEES OF THE ORGANIZATION OR A PARTICIPATING AFFILIATE ARE ELIGIBLE TO PARTICIPATE IN THE PLAN. THE PLAN YEAR IS JANUARY 1 TO DECEMBER 31ST. EMPLOYER CONTRIBUTIONS: THE CONTRIBUTION MADE BY THE EMPLOYER IS A THREE-TIERED STRUCTURE DEPENDING UPON THE EXECUTIVE'S POSITION, WHICH ARE AS FOLLOWS: 13% FOR SENIOR VICE PRESIDENT OR PRESIDENT, 15% FOR SVP & CHIEF FINANCIAL OFFICER, AND 20% FOR THE PRESIDENT & CHIEF EXECUTIVE OFFICER. IF A PARTICIPANT TERMINATES DURING THE YEAR, THE PARTICIPANT'S EXECUTIVE ALLOWANCE IS PRORATED BASED ON THE NUMBER OF FULL CALENDAR MONTHS FROM THE BEGINNING OF THE PLAN YEAR TO THE BEGINNING OF THE CALENDAR YEAR MONTH CLOSEST TO THE CHANGE OR TERMINATION OF EMPLOYMENT. DISTRIBUTIONS: CONTINUATION OF EMPLOYMENT THROUGH THE DEFERRED VESTING DATE; THE DATE ON WHICH THE PARTICIPANT'S EMPLOYMENT IS TERMINATED AS A RESULT OF DEATH OR DISABILITY; 24 MONTHS FROM THE DATE ON WHICH THE PARTICIPANT INCURS AN INVOLUNTARY SEPARATION FROM SERVICE WITHOUT REASONABLE CAUSE OR THE DATE THAT IS 24 MONTHS FOLLOWING THE PARTICIPANT'S SEPARATION FROM SERVICE, BUT ONLY IF THE PARTICIPANT'S INTEREST HAS NOT BEEN FORFEITED FOR COMPETITION DURING SUCH 24 MONTH PERIOD AND THE PARTICIPANT HAS NOT ENGAGED IN COMPETITION AFTER HIS OR HER SEPARATION FROM SERVICE AND PRIOR TO HIS OR HER DEATH, THE PARTICIPANT SHALL BE VESTED AT HIS OR HER DATE OF DEATH.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WESTERN UPPER MICHIGAN EYE CARE LLC

    EYE CARE SERVICES · MI

  • THE WESTWOOD CONFERENCE CENTER LLC

    REAL ESTATE INVESTMENT · WI

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ASPIRUS NETWORK INC

    C · HEALTH CARE SERVICES · WI · controlled entity

  • ASPIRUS KEWEENAW ENTERPRISES INC

    C · PHARMACY · MI · controlled entity

  • ASPIRUS HEALTH VENTURES

    C · HEALTH INSURANCE PLAN · WI · controlled entity

  • ASPIRUS ARISE HEALTH PLAN OF WI INC

    C · HEALTH INSURANCE PLAN · WI · controlled entity

  • ASPIRUS ARISE HEALTH PLAN OF MI INC

    C · HEALTH INSURANCE PLAN · MI · controlled entity

  • ASPIRUS CAMPUS CONDOMINIUM OWNERS ASSOCIATION INC

    C · ASSOCIATION · WI

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202541359349303729

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