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Nonprofiteer
← ASPIRUS HEALTH FOUNDATION INC

Form 990 for tax year 2024

Filed by ASPIRUS HEALTH FOUNDATION INC.

Totals

Total revenue
$2,846,445
Total expenses
$3,724,672
Contributions and grants received
$1,106,071
Grants paid
$2,617,198
Program service revenue
$17,013
Investment income
$1,696,739
Other revenue
$26,622
Total assets, end of year
$60,605,988
Total liabilities, end of year
$2,746,650
Net assets or fund balances, end of year
$57,859,338
Program services expenses (Part IX)
$2,617,198
Management and general expenses
$460,398
Fundraising expenses
$647,076
Program service expenses (Part III)
$2,617,198

Program services were 70.3% 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.

  • 1c · Fundraising events

    $241,203

  • 1f · All other contributions, gifts and grants

    $864,868

  • 2a · Program service revenue: ADMINISTRATIVE FEE

    total $17,013 · related or exempt $17,013

  • 3 · Investment income

    total $2,322,977 · excluded $2,322,977

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

    securities $626,238

  • 7c · Gain or loss

    securities -$626,238

  • 7d · Net gain or loss

    total -$626,238 · excluded -$626,238

  • 8a · Fundraising events: gross income

    $82,984

  • 8a · Fundraising events: contributions included on line 1c

    $241,203

  • 8b · Fundraising events: direct expenses

    $76,775

  • 8c · Net income from fundraising events

    total $6,209 · excluded $6,209

  • 9a · Gaming: gross income

    $22,441

  • 9b · Gaming: direct expenses

    $2,028

  • 9c · Net income from gaming

    total $20,413 · excluded $20,413

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,617,198 · program services $2,617,198

  • 5 · Compensation of officers, directors and key employees

    total $323,539 · fundraising $323,539

  • 7 · Other salaries and wages

    total $361,192 · management and general $97,949 · fundraising $263,243

  • 8 · Pension plan contributions

    total $7,279 · management and general $2,941 · fundraising $4,338

  • 9 · Other employee benefits

    total $45,051 · management and general $18,808 · fundraising $26,243

  • 10 · Payroll taxes

    total $38,705 · management and general $9,523 · fundraising $29,182

  • 11f · Fees: investment management

    total $7,677 · management and general $7,674 · fundraising $3

  • 11g · Fees: other

    total $17,542 · management and general $17,536 · fundraising $6

  • 12 · Advertising and promotion

    total $511 · management and general $511

  • 13 · Office expenses

    total $26,486 · management and general $26,478 · fundraising $8

  • 14 · Information technology

    total $3,098 · management and general $3,097 · fundraising $1

  • 16 · Occupancy

    total $9,334 · management and general $9,331 · fundraising $3

  • 17 · Travel

    total $6,705 · management and general $6,703 · fundraising $2

  • 19 · Conferences, conventions and meetings

    total $1,006 · management and general $1,006

  • 24a · Other expenses: CORPORATE ALLOCATIONS

    total $80,003 · management and general $79,977 · fundraising $26

  • 24b · Other expenses: SCHOLARS PROG. BAD DEBT

    total $60,996 · management and general $60,976 · fundraising $20

  • 24c · Other expenses: EDUCATION FORUM

    total $7,639 · management and general $7,636 · fundraising $3

  • 24e · All other expenses

    total $110,711 · management and general $110,252 · fundraising $459

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,621,509 · end of year $1,951,603

  • 3 · Pledges and grants receivable

    beginning of year $1,383 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,438 · end of year $0

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

    $13,545

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

    $13,545

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $51,288,261 · end of year $57,267,142

  • 13 · Investments: program-related

    beginning of year $1,380,387 · end of year $1,372,688

  • 15 · Other assets

    beginning of year $6,134 · end of year $14,555

  • 17 · Accounts payable and accrued expenses

    beginning of year $531,639 · end of year $437,792

  • 25 · Other liabilities

    beginning of year $366,778 · end of year $2,308,858

  • 27 · Net assets without donor restrictions

    beginning of year $25,967,128 · end of year $30,218,094

  • 28 · Net assets with donor restrictions

    beginning of year $28,433,567 · end of year $27,641,244

Mission and programs · 2024

Mission

WE HEAL PEOPLE, PROMOTE HEALTH, AND STRENGTHEN COMMUNITIES.

  • UNRESTRICTED CONTRIBUTIONS ACTIVITY: THROUGH ITS PHILANTHROPIC ACTIVITIES THE FOUNDATION ADVANCES EXTRAORDINARY HEALTH CARE BY PROVIDING FUNDS FOR RESEARCH, EDUCATION, INFORMATION, PROGRAMS, SERVICES AND SCREENINGS, COMMUNITY HEALTH INITIATIVES, AND WORKFORCE DEVELOPMENT SCHOLARSHIPS.

    Expenses $1,878,670 · Grants $1,878,670 · Revenue $17,013

  • DONOR DESIGNATED CONTRIBUTIONS ACTIVITY:THROUGH ITS PHILANTHROPIC ACTIVITIES THE FOUNDATION ADVANCES EXTRAORDINARY HEALTH CARE BY PROVIDING FUNDS FOR RESEARCH, EDUCATION, INFORMATION, CLINICAL PROGRAMS AND CARE DELIVERY, HEALTH SERVICES, AND SCREENING. DONOR DESIGNATED CONTRIBUTIONS PROVIDE SUPPORT FOR THE DESIGNATED FUNDS OF ASPIRUS WAUSAU HOSPITAL.

    Expenses $738,528 · Grants $738,528

As filed on the 2024 return.

Listed in Part VII

  • Christopher Peterson MD

    BOARD MEMBER/PHYSICIAN

    Total calculated
    $1,048,631
    From this org
    $0
    From related orgs
    $997,273
    Other
    $51,358
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $991,031 related
    Bonus
    $0
    Other
    $0 + $6,242 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $41,008 related
    Filer's total
    $0 + $1,048,631 related

  • James Matheson

    BOARD MEMBER/SVP CHIEF STRAT. OFF.

    Total calculated
    $860,704
    From this org
    $0
    From related orgs
    $745,188
    Other
    $115,516
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $486,205 related
    Bonus
    $0 + $186,599 related
    Other
    $0 + $72,384 related
    Deferred
    $0 + $8,565 related
    Nontaxable benefits
    $0 + $106,951 related
    Filer's total
    $0 + $860,704 related

  • Stewart Etten

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ellie Reineck

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Kallstrom

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Brent Arndt

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Erik Carlson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leah Knights

    BOARD MEMBER (TERM 10/24)

    Total calculated
    $0
    Hours/week
    1

  • Kshitij Kohli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Meyer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kurt Rust

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susan Ryman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Sewall MD

    BOARD MEMBER (TERM 09/24)

    Total calculated
    $0
    Hours/week
    1

  • Matthew Heywood

    PRESIDENT & CEO ASPIRUS

    Total calculated
    $4,230,174
    From this org
    $0
    From related orgs
    $3,868,734
    Other
    $361,440
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,523,574 related
    Bonus
    $0 + $2,122,736 related
    Other
    $0 + $222,424 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $351,090 related
    Filer's total
    $0 + $4,230,174 related

  • Jerry M Yang

    SVP-CHIEF FINANCIAL OFFICER

    Total calculated
    $815,634
    From this org
    $0
    From related orgs
    $677,240
    Other
    $138,394
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $616,776 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $35,464 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $128,044 related
    Filer's total
    $0 + $815,634 related

  • Lanna Scannell

    (NV) VP-SYSTEM PHILANTHROPY

    Total calculated
    $330,314
    From this org
    $0
    From related orgs
    $285,177
    Other
    $45,137
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $224,364 related
    Bonus
    $0 + $58,651 related
    Other
    $0 + $2,162 related
    Deferred
    $0 + $4,597 related
    Nontaxable benefits
    $0 + $40,540 related
    Filer's total
    $0 + $330,314 related

  • Michael Holzhueter

    SVP - CHIEF HR OFFICER

    Total calculated
    $1,016,165
    From this org
    $0
    From related orgs
    $879,825
    Other
    $136,340
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $632,337 related
    Bonus
    $0 + $239,983 related
    Other
    $0 + $7,505 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $125,990 related
    Filer's total
    $0 + $1,016,165 related

  • Eric Anderson

    CHIEF COMPLIANCE OFFICER

    Total calculated
    $665,424
    From this org
    $0
    From related orgs
    $565,843
    Other
    $99,581
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,003 related
    Bonus
    $0 + $109,647 related
    Other
    $0 + $2,193 related
    Deferred
    $0 + $2,636 related
    Nontaxable benefits
    $0 + $96,945 related
    Filer's total
    $0 + $665,424 related

  • Noel Sonnek

    BOARD MEMBER (FORMER)/PHYSICIAN

    Total calculated
    $460,203
    From this org
    $0
    From related orgs
    $418,955
    Other
    $41,248
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $412,730 related
    Bonus
    $0
    Other
    $0 + $6,225 related
    Deferred
    $0 + $8,753 related
    Nontaxable benefits
    $0 + $32,495 related
    Filer's total
    $0 + $460,203 related

  • Sidney Sczygelski

    SVP OF FINANCE/CFO (FORMER)

    Total calculated
    $1,508,031
    From this org
    $0
    From related orgs
    $1,470,041
    Other
    $37,990
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,918 related
    Bonus
    $0 + $474,490 related
    Other
    $0 + $576,633 related
    Deferred
    $0 + $9,284 related
    Nontaxable benefits
    $0 + $28,706 related
    Filer's total
    $0 + $1,508,031 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 FOR THE FILING ORGANIZATION, ASPIRUS HEALTH FOUNDATION, 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) DISTRIBUTION: S. SCZYGELSKI $481,861 M. HEYWOOD $198,152 J. MATHESON $58,001 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

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
2024
Filed
12 May 2026
IRS schema version
2024v5.5
Source object
202601349349301815

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