Aspirus Keweenaw
79% goes to programs $0 to raise $100 Growing revenue
Aspirus Keweenaw is a 501(c)(3) organization based in Laurium, Michigan, registered in 1969, with $74,171,611 in FY2023 revenue. CharityIndex grades it B+, and it directs about 79% of spending to programs.
205 Osceola St, Laurium, MI, 49913 EIN 38-1443361 Since 1969
Revenue (FY2023)
$74.2M
▲ 4.7% vs prior year
Health median: $840K
Expenses (FY2023)
$76.0M
Net assets
$36.5M
Employees
333
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
B+Program efficiency40% of the rating79% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Aspirus Keweenaw: 79% to programs · $0 to raise $100 earns a B+ on this criterion. See the exact thresholds →
B+Financial health25% of the rating6 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Aspirus Keweenaw: 6 mo reserves · -2% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Aspirus Keweenaw: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Aspirus Keweenaw: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
We heal people, promote health, and strengthen communities.
Contact & location
- Address
- 205 Osceola St, Laurium, MI, 49913
- City
- Laurium
- State
- Michigan
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $40.8M (FY2013) to $74.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $22.0MNet assets $36.5M
Operating margin
-2.4%
Spent more than it raised in the latest fiscal year.
Total assets
$58.5M
Total liabilities
$22.0M
Net assets
$36.5M
Salaries & benefits
$29.4M
39% of expenses
Board members
15
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $74,171,611▲4.7% | $75,966,221▲12.6% | $36,543,355▲28.9% | $58,506,177▲16.4% | 990 |
| 2022 | $70,859,801▲7.7% | $67,471,667▲5.3% | $28,343,209▼2.8% | $50,262,818▼13.4% | 990 |
| 2021 | $65,806,503▲5.4% | $64,078,005▲7.5% | $29,166,025▲7.3% | $58,039,373▲1.1% | 990 |
| 2020 | $62,458,359▲5.3% | $59,590,998▲4.5% | $27,178,649▲76.0% | $57,422,111▲2.2% | 990 |
| 2019 | $59,313,253▲5.7% | $57,036,740▲0.6% | $15,445,825▼29.3% | $56,177,057▲11.6% | 990 |
| 2018 | $56,108,830▲1.4% | $56,676,079▲3.0% | $21,835,941▼12.2% | $50,359,940▼1.8% | 990 |
| 2017 | $55,314,334▲4.1% | $55,023,058▲6.1% | $24,874,407▼14.9% | $51,295,751▲0.2% | 990 |
| 2016 | $53,120,610▼1.5% | $51,860,774▲0.1% | $29,219,306▲4.5% | $51,178,510▼0.9% | 990 |
| 2015 | $53,912,581▲10.7% | $51,808,471▲12.7% | $27,967,263▲20.2% | $51,639,337▼2.0% | 990 |
| 2014 | $48,706,876▲19.3% | $45,957,498▲14.5% | $23,274,080▲11.3% | $52,703,026▲61.8% | 990 |
| 2013 | $40,839,823 | $40,145,336▲5.2% | $20,908,932▲4.2% | $32,573,455▲10.3% | 990 |
| 2012 | — | $38,150,613▲4.1% | $20,061,918▲11.8% | $29,541,483▲11.7% | 990 |
| 2011 | — | $36,641,277▲5.9% | $17,937,960▲18.7% | $26,435,429▲0.4% | 990 |
| 2010 | — | $34,614,765▼4.3% | $15,116,241▼5.1% | $26,325,831▲1.4% | 990 |
| 2009 | — | $36,172,207 | $15,932,657 | $25,970,158 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Nathan Mcparlan — $1,105,528 (1.46% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Nathan Mcparlan | Radiologist | 40 | $1,105,528 |
| Tom Raisanen | Physician | 40 | $638,132 |
| Rachel Laszko | Physician | 40 | $510,231 |
| Adnan Malik | Physician | 40 | $466,392 |
| Shalini Johnson | Physician | 40 | $369,400 |
| Charly A Loper | Board Member | 1 | — |
| Christine Harff | (nv)board Member/president-up Reg. | 1 | — |
| Constance Bradley | Board Member/svp-president-reg. Mkts. | 1 | — |
| Daniel J Lukes Do | Board Member/physician | 1 | — |
| Eric Anderson | Chief Compliance Officer | 2 | — |
| Hannah L Goodman | Board Member | 1 | — |
| James Matheson | Svp-chief Strategy Officer | 2 | — |
| James R Richardson | Board Member | 1 | — |
| Jeffrey Jones | Svp-cfo (thru 04/23) | 2 | — |
| Jennifer Redman-schell | Vice Chair/svp & President-amg | 1 | — |
| Jerry M Yang | Svp-chief Financial Officer | 2 | — |
| Jesse Tischer | B.m. (thru 01/24)/svp & President- Awh | 1 | — |
| John D Matonich | Chair | 1 | — |
| John Pietila Md | Board Member/radiologist | 1 | — |
| Jonathan Brueggeman | Board Member/medical Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Wapiti Medical Group Limited | Contract Labor - Providers | $2,910,406 |
| Sound Physicians of Michigan | Contract Labor - Providers | $1,134,174 |
| Chg Companies | Contract Labor - Providers | $854,343 |
| Daily Care LLC | Contract Labor - Providers | $765,364 |
| Staffency LLC | Contract Labor | $686,970 |
Grants received · $1.1M total
4 grants to Aspirus Keweenaw totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Michigan Health and Hospital Association | Grant pass through | 2023 | $381,858 |
| Michigan Health and Hospital Association | Grant pass through | 2022 | $377,008 |
| Michigan Health and Hospital Association | Grant pass through | 2021 | $191,134 |
| Michigan Health and Hospital Association | Grant pass through for covid-19 | 2020 | $102,154 |
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Frequently asked questions
- Is Aspirus Keweenaw a legitimate nonprofit?
- Yes. Aspirus Keweenaw is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1443361, based in Laurium, Michigan. Donations are tax-deductible.
- What is Aspirus Keweenaw's EIN?
- Aspirus Keweenaw's Employer Identification Number (EIN) is 38-1443361.
- How much revenue does Aspirus Keweenaw report?
- Aspirus Keweenaw reported $74,171,611 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Aspirus Keweenaw's spending goes to programs?
- Aspirus Keweenaw spends about 79% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Aspirus Keweenaw have?
- CharityIndex grades Aspirus Keweenaw B+, based on program efficiency and fundraising cost.
- How much does Aspirus Keweenaw's highest-paid employee make?
- The highest reported compensation on Aspirus Keweenaw's latest Form 990 is $1,105,528, paid to Nathan Mcparlan (Radiologist).
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Data for Aspirus Keweenaw (EIN 38-1443361) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.