Aspirus Specialists Inc

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

“See explanation for form 990, part vi, line 7b.”

“The following actions must be approved by the sole member of the organization, aspirus, inc.: 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 officers; 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 form 990 is prepared by an independent accounting firm and reviewed by the organization's management. The form 990 is provided to board members for review and approval prior to filing.”

“Board members, officers, 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 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.”

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

“Duane l. Erwin, matthew heywood and sidney c. Sczygelski are employed by aspirus, inc., a related organization. Aspirus, inc.'s purpose is to serve as a supporting organization to multiple subsidiary tax exempt entities. F. Dean danner is employed by aspirus clinics, inc., a related organization. Aspirus clinics, inc.'s purpose is to provide clinical healthcare to patients of the communities aspirus serves as well as to assist in the management of other related healthcare organizations in providing clinical healthcare under the direction of aspirus, inc. All of these individuals devote their time providing management services to the related tax exempt entities of aspirus, inc. And aspirus clinics, inc. These hours are reflected in line 2 of column b.”

“Other purchased services: program service expenses -1,677. Management and general expenses 0. Fundraising expenses 0. Total expenses -1,677.”

“Equity transfer -156,391.”

“The audit committee of the board of directors of aspirus, inc., the parent organization, of aspirus specialists, inc., assumes the responsibitiliy for the oversight of the consolidated audit of the financial statements and selection of the independent accountant. There was no change in this process in the past year.”