Aspirus Ontonagon Hospital Inc

“The parent organization, aspirus, inc., is the sole corporate member of the organization.”

“There shall be a minimum of 6 voting directors allocated as follow. There shall be three classes of voting directors: the aspirus class, community class, and the provider class. No less than three independent community class directors, two aspirus class directors nominated and elected by aspirus, inc., one provider class director nominated by the corporation's board and elected by aspirus, inc.”

“The following actions must be approved by the members of the organization 1) change or amend the articles of incorporation or bylaws; 2) change the mission, purpose, or scope of the corporation; 3) ratification or removal of directors or officer; 4) change the formula or methodology for determining physician compensation; 5) approval of annual operating and capital expenditure budgets, strategic and long-range plans.”

“The accounting department accumulates all 990 information, including the ubi calculations. These documents are reviewed by the cfo. The 990 is reviewed by other senior management prior to submission to the internal revenue service and is made available to the board of directors through director's desk or other means of electronic retrieval.”

“Board members and key employees are required to sign annual conflict of interest statements and all managers are required to sign biannual conflict of interest statements. The organization's ceo and board chair review the statements and highlight potential conflicts. The board determines on a case by case basis any actions required. Individuals are not permitted to vote on any transaction where a conflict has been determined to exist. All conflicts and proceedings are documented in the meeting minutes.”

“For the purposes of determining compensation, aspirus ontonagon hospital, 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.”

“The organization does not make its governing documents, conflict of interest policy, nor its financial statements available to the public.”

“Some officers and directors also provided service to other related organizations other than aspirus ontonagon hospital, inc. These hours are reflected in line 2 of column b.”

“Aspirus ontonagon hospital ceased operations on april 20, 2024. The family practice clinic, outpatient therapies, and retail pharmacy all became departments of aspirus keweenaw hospital, a related entity; all other services ceased.”

“Lab fees: program service expenses 60,566. Management and general expenses 45,060. Fundraising expenses 0. Total expenses 105,626. Contract nursing and other labor: program service expenses 782,115. Management and general expenses 581,880. Fundraising expenses 0. Total expenses 1,363,995. Other services: program service expenses 585,329. Management and general expenses 435,476. Fundraising expenses 0. Total expenses 1,020,805.”

“Unrestricted net asset transfers 907,368.”