Aspirus INC FY2022 filing

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We heal people, promote health, and strengthen communities.

501(c)(3) charity; gifts are tax-deductible.
$11.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $22.9M a year · 103% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
-4%
of spending
Concern: -4% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11.6M
to officers and key staff · -500% of spending
Looks good: pay to officers and key staff is -500% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Concern: -698.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$174.0M
29% of total assets
Looks good: liabilities are 29% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 11 voting members
Looks good: 9 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.6M
-55% vs prior year
Spent
−$2.3M
To programs
-4%
Net assets
$431.6M
By yearFY2020–FY2025
Revenue
$7.6M
FY2022▼ -55%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.3M
FY2021$16.9M
FY2022$7.6M
FY2023$24.2M
FY2024$30.1M
FY2025$47.1M
Expenses
−$2.3M
FY2022▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2020−$2.5M
FY2021−$1.5M
FY2022−$2.3M
FY2023$877K
FY2024$1.6M
FY2025$323K
Net assets
$431.6M
FY2022▼ -32%
Tap a bar for its year
Net assets by fiscal year
FY2020$473.7M
FY2021$639.2M
FY2022$431.6M
FY2023$893.9M
FY2024$1.0B
FY2025$1.3B

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

33 people listed on the 990; $11.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO Aspirus
$2,684,221Pt VII · Sec A
SR. VP of Finance/CFO
$915,379Pt VII · Sec A
SVP & Chief Human Res. Officer
$751,984Pt VII · Sec A
SVP & President-Regional Markets
$644,385Pt VII · Sec A
SVP & President-Amg
$572,454Pt VII · Sec A
SVP & Chief Information Officer
$516,494Pt VII · Sec A
Svp-Service Line & Patient Exp.
$495,034Pt VII · Sec A
Chief Medical Information Officer
$462,446Pt VII · Sec A

Matthew Heywood’s $3.9M as Board Member/President & CEO Aspirus is at the 100th percentile of top reported officer pay among 2901 $10–100M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Matthew Heywood$3,868,734$1,618,117$1,799,938$2,684,221——
Sidney Sczygelski$1,470,041$1,294,746$1,911,464$915,379——
Matthew F Heywood————$1,316,596$1,351,919
Michael Holzhueter$879,825$688,935$672,916$449,756——
Sidney C Sczygelski————$861,658$742,406
Jesse Tischer$732,979$764,397$781,575$644,385$551,417$455,557
Michael Walters$763,486$669,631————
John Heisler———$751,984$571,823$458,655

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Aspirus INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides corporate support services to affiliated healthcare entities, enabling them to deliver medical care to patients regardless of their ability to pay.

Questions for Aspirus INC

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2 programs · $85K · in their own filed words · FY2021
01

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.

$85Kprogram expense
02

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.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$150K
Grants paid · 20 grants · $903K · 2019–2024
Unitemized GrantFY2024$72,254
Unitemized GrantFY2023$72,563
Unitemized GrantFY2022$74,747
Unitemized GrantFY2021$70,142
Unitemized GrantFY2020$69,211
Aspirus Medical Group INCWI · FY2020$10,000
Centergy INCWI · FY2020$5,000
See all 20 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $1.1M federal money spent
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Through St. Vincent Hospital of the Hospital Sisters of the Third Order of St. Francis$862K
Covid-19 Testing for Rural Health ClinicsDepartment of Health and Human Services · ALN 93.697 · Direct$100K
Injury Prevention and Control Research and State and Community Based ProgramsDepartment of Health and Human Services · ALN 93.136 · Through State of Wisconsin Department of Health Services$65K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Michigan Health and Hospital Association$36K
Small Rural Hospital Improvement Grant ProgramDepartment of Health and Human Services · ALN 93.301 · Through University of Wisconsin System$25K

The auditor reported no findings.

Year ending Jun 2024 · $2.7M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Michigan Health and Hospital Association$1.4M
Rural Health Research CentersDepartment of Health and Human Services · ALN 93.155 · Through University of Wisconsin System$607K
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Through St. Vincent Hospital of the Hospital Sisters of the Third Order of St. Francis$448K
Covid-19 Telehealth ProgramFederal Communications Commission · ALN 32.006 · Direct$153K
Small Rural Hospital Improvement Grant ProgramDepartment of Health and Human Services · ALN 93.301 · Through University of Wisconsin System$88K

The auditor reported no findings.

Year ending Jun 2023 · $46.6M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$39.6M
Covid-19 Testing for Rural Health ClinicsDepartment of Health and Human Services · ALN 93.697 · Direct$2.3M
Rural Health Research CentersDepartment of Health and Human Services · ALN 93.155 · Through University of Wisconsin System and 1 more$1.6M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Michigan Department of Health and Human Services and 1 more$1.1M
Covid-19 Telehealth ProgramFederal Communications Commission · ALN 32.006 · Direct$750K

Plus 6 smaller programs.

The auditor reported: a weakness in money controls.

Year ending Jun 2022 · $20.4M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$16.7M
Covid-19 Testing for the UninsuredDepartment of Health and Human Services · ALN 93.461 · Direct$1.7M
Covid-19 Testing for Rural Health ClinicsDepartment of Health and Human Services · ALN 93.697 · Direct$742K
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Michigan Health and Hospital Association$496K
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Through St Vincent Hospital of the Sisters of the 3rd Order of St Francis$373K

Plus 4 smaller programs.

The auditor reported 1 finding: a weakness in money controls.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$7.6M
Ln 12
Investment incomeLn 3$6.1M
Fees for servicesLn 2g$1.4M
Other incomeLn 4–11$49K
Money outPt IX
−$2.3M
Ln 25
Owns and owesPt X
$431.6M
net assets · Ln 32
Cash and savingsLn 1–2$134.5M
Total assetsLn 16$605.6M
LiabilitiesLn 26$174.0M
PeoplePt VI, VII
33
listed · VII A
PaidVII A21
Voting boardVI 1a11
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$31K
Government grantsLn 1e$31K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$6.1M
Other incomeLn 4–11$49K
Gains on assetsLn 7$1.4M
Total revenueLn 12$7.6M
Assets in detailPt X, end of year
CashLn 1$134.5M
Cash and savings togetherLn 1–2$134.5M
InvestmentsLn 11–13$380.4M
Land, buildings, equipmentLn 10c$62.4M
Other assetsLn 15$12.3M
Total assetsLn 16$605.6M
LiabilitiesLn 26$174.0M
Net assetsLn 32$431.6M
OperationsPt I, VI
EmployeesI 52,299
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$209.9M$134.5M
InvestmentsLn 11–13$527.3M$380.4M
Land, buildings, equipmentLn 10c$36.7M$62.4M
Total assetsLn 16$800.6M$605.6M
LiabilitiesLn 26$161.4M$174.0M
Net assetsLn 32$639.2M$431.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$15K$15K
Grants to domestic individualsLn 2$70K$70K
Other expenses (24a–d)Ln 24−$2.4M−$2.4M
Total functional expensesLn 25−$2.3M$85K−$2.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $47.1M$323K$46.8M$1.3B 990 PDF
FY2024Filed with the IRS May 15, 2025 $30.1M$1.6M$28.5M$1.0B 990 PDF
FY2023Filed with the IRS May 15, 2024 $24.2M$877K$23.3M$893.9M 990 PDF
FY2022 ViewingFiled with the IRS May 12, 2023 $7.6M−$2.3M$9.9M$431.6M 990 PDF
FY2021Filed with the IRS May 12, 2022 $16.9M−$1.5M$18.4M$639.2M 990 PDF
FY2020Filed with the IRS May 13, 2021 $8.3M−$2.5M$10.8M$473.7M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $7,575,609 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $82,706$31,074
I-9 Program service revenuePrior year $1,704,300$1,426,191
I-10 Investment incomePrior year $15,030,675$6,069,100
I-11 Other revenuePrior year $60,425$49,244
I-12 Total revenuePrior year $16,878,106$7,575,609
I-13 Grants and similar amounts paidPrior year $141,402$84,792
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year −$1,643,272−$2,396,485
I-18 Total expensesPrior year −$1,501,870−$2,311,693
I-19 Revenue less expensesPrior year $18,379,976$9,887,302
Part VI · Governance 9 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,575,609 across 7 lines filed
Lines not itemized here account for $13,976 of total revenue; see the IRS return.
VIII-1e Government grants$31,074
VIII-1h Total contributions, gifts and grants$31,074
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $576,988 · Unrelated business $835,227$1,412,215
VIII-3 Investment incomeExcluded from tax $4,645,014$4,645,014
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,424,086$1,424,086
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $49,244$49,244
VIII-12 Total revenueRelated to mission $640,208 · Unrelated business $835,227 · Excluded from tax $6,069,100$7,575,609
Part IX · Statement of functional expenses −$2,311,693 across 3 lines filed
IX-1 Grants to domestic organizationsPrograms $14,650$14,650
IX-2 Grants to domestic individualsPrograms $70,142$70,142
IX-24 Other expenses (24a–d)Management −$2,396,485−$2,396,485
IX-25 Total functional expensesPrograms $84,792 · Management −$2,396,485 · Fundraising $0−$2,311,693
Part X · Balance sheet $605,601,756 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $209,881,732$134,476,565
X-4 Accounts receivableStart of year $903,297−$2,279,195
X-8 Inventories for sale or useStart of year $5,203$6,302
X-9 Prepaid expenses and deferred chargesStart of year $8,891,196$17,605,178
X-10c Land, buildings and equipment, netStart of year $36,657,834$62,406,852
X-11 Publicly traded securitiesStart of year $334,073,865$265,681,938
X-13 Program-related investmentsStart of year $193,255,078$114,731,193
X-14 Intangible assetsStart of year $650,000$650,000
X-15 Other assetsStart of year $16,290,070$12,322,923
X-16 Total assetsStart of year $800,608,275$605,601,756
X-17 Accounts payable and accrued expensesStart of year $44,235,864$57,510,902
X-25 Other liabilitiesStart of year $117,130,983$51,816,806
X-26 Total liabilitiesStart of year $161,366,847$174,020,434
X-27 Net assets without donor restrictionsStart of year $639,241,428$431,581,322
X-32 Total net assets or fund balancesStart of year $639,241,428$431,581,322
X-33 Total liabilities and net assetsStart of year $800,608,275$605,601,756
Part XI · Reconciliation of net assets $431,581,322 net assets at year end
XI-1 Total revenue$7,575,609
XI-2 Total expenses−$2,311,693
XI-3 Revenue less expenses$9,887,302
XI-4 Net assets at start of year$639,241,428
XI-5 Net unrealized gains (losses) on investments−$37,923,960
XI-9 Other changes in net assets−$179,623,448
XI-10 Net assets at end of year$431,581,322

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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