Civic Intelligence

Kansas University Plastic Surgery Association

990 • Fiscal year 2016 • EIN 27-0393251

Jul 01, 2015 to Jun 30, 2016 • Filed on May 15, 2017

3901 Rainbow BlvdKansas City, KS 66160

(913) 588-2000

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

18th percentile

-15%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

98th percentile

$498,588

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 25.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

1st percentile

-89%

Faster asset growth than 1% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

5th percentile

-54%

Faster revenue growth than 5% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Down

$131,966

Down $1,113,756 (-89%) from 2015

Net Assets

Down

$131,966

Down $657,271 (-83%) from 2015

Liabilities

Down

$0

Down $456,485 (-100%) from 2015

Revenue

Down

$1,995,528

Down $2,332,678 (-54%) from 2015

Expenses

Down

$2,291,584

Down $1,959,142 (-46%) from 2015

Net Income

Down

-$296,056

Down $373,536 (-482%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2012: $1,920,620Liabilities 2012: $656,740Net Assets 2012: $1,263,8802012Assets 2013: $1,361,415Liabilities 2013: $661,500Net Assets 2013: $699,9152013Assets 2014: $1,378,172Liabilities 2014: $666,415Net Assets 2014: $711,7572014Assets 2015: $1,245,722Liabilities 2015: $456,485Net Assets 2015: $789,2372015Assets 2016: $131,966Liabilities 2016: $0Net Assets 2016: $131,9662016Assets 2017: $23,163Liabilities 2017: $0Net Assets 2017: $23,1632017Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018

Highlighted filing

2016

Assets$131,966
Liabilities$0
Net Assets$131,966

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $3,012,2412012Expenses 2013: $3,783,0092013Revenue 2014: $3,880,948Expenses 2014: $3,869,106Net Income 2014: $11,8422014Revenue 2015: $4,328,206Expenses 2015: $4,250,726Net Income 2015: $77,4802015Revenue 2016: $1,995,528Expenses 2016: $2,291,584Net Income 2016: -$296,0562016Revenue 2017: $13,578Expenses 2017: $503Net Income 2017: $13,0752017Revenue 2018: $0Expenses 2018: $8,460Net Income 2018: -$8,4602018

Highlighted filing

2016

Revenue$1,995,528
Expenses$2,291,584
Net Income-$296,056
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 15, 2017
Return Version
2015v3.0
Gross Receipts
$2,092,894
Mission and Program Overview

Mission

Organization provides medical education to students and residents, provides patient care, and conducts research.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$789,021$129,337▼ $659,684
Land, Buildings, and Equipment, Net$107,558--
Prepaid Expenses and Deferred Charges$75,045--
Accounts Receivable$274,098$2,629▼ $271,469
Total Assets$1,245,722$131,966▼ $1,113,756
Liabilities
Accounts Payable and Accrued Expenses$271,954--
Other Liabilities$184,531--
Total Liabilities$456,485$0▼ $456,485
Net Assets / Fund Balance
Unrestricted Net Assets$789,237$131,966▼ $657,271
Total Net Assets Fund Balance$789,237$131,966▼ $657,271
Total Liabilities and Net Assets / Fund Balance$1,245,722$131,966▼ $1,113,756
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dr Richard KorentagerPresidentFT$471,519$27,069$498,588
Dhaval BhavsarMemberFT$375,312$28,171$403,735
James ButterworthMemberFT$292,500$69,648$362,094
Ryan EndressMemberFT$267,400$68,031$335,431
Satish PonnuruSecretary/trFT$285,000$37,125$322,125
Satish PonnuruSecretary/treasurer-$285,000$37,437$322,125
Wojciech PrzyleckiMemberFT$265,345$55,792$321,191
Brian T AndrewsMemberFT$265,851$54,465$320,376

Board Members and Trustees

NameTitle
David ZamierowskiDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,990,147
Investment Income
$5,381
Other Revenue
$0
Change in Net Assets
$-296,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,834,160
Other Expenses$457,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,039,427--$1,039,427
Current Officers, Directors, Trustees, and Key Employees$434,809--$434,809
Pension Plan Contributions$267,584--$267,584
Fees for Services Other$103,747--$103,747
Occupancy-$102,656-$102,656
Insurance$81,438$6,293-$87,731
Other Employee Benefits$61,182--$61,182
Payroll Taxes$31,158--$31,158
All Other Expenses-$11,810-$11,810
Depreciation Depletion-$10,192-$10,192
Other Expenses$18,787$9,624-$9,624
Office Expenses-$3,724-$3,724
Interest-$3,209-$3,209
Fees for Services Accounting-$2,690-$2,690
Fees for Services Legal-$403-$403
Total Functional Expenses$2,058,132$233,452$0$2,291,584
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Kansas university plastic surgery association has members rather than stockholders.

Form 990, Page 6, Part VI, Line 7A

The kansas university plastic surgery association has as its members the full-time faculty of the department of plastic surgery at the university of kansas medical school. In addition, the kansas university plastic surgery association has an outside director from the greater kansas city metro area.

Form 990, Page 6, Part VI, Line 7B

The actions and decisions of the board of directors are subject to approval by all of the members at it annual meeting.

Form 990, Page 6, Part VI, Line 11B

The form 990 is prepared and reviewed by the organization's outside accounting firm, then sent to the organization's administrator for review. After any changes, the updated return is sent to the board for review and comments. Once reviewed by the board and all questions and comments have been addressed, the final form 990 is provided to the board prior to filing with the tax authorities.

Form 990, Page 6, Part VI, Line 12C

Members review the conflict of interest policy during the first quarter of each calendar year. Any potential conflicts are disclosed and resolved at that time.

Form 990, Page 6, Part VI, Line 15A

The top official does not receive a salary for the top official role, but as a physician. Physician salaries are based on the american association of medical colleges - midwestern region median benchmark and the medical group management association - southern region median benchmark data for the specific academic rank, specialty, and years of service of the employee. Both data sets are utilized to establish the compensation level.

Form 990, Page 6, Part VI, Line 15B

Physician salaries are based on the american association of medical colleges - midwestern region median benchmark and the medical group management association - southern region median benchmark for data for the specific academic rant, specialty, and years of service of the employee. Both data sets are utilized to establish the compensation level.

Form 990, Page 6, Part VI, Line 19

The kansas university plastic surgery association provides upon written request presented at its office: its original form 1023, its latest form 990, its conflict of interest policy and its latest audited financial statements within 10 business days of the receipt of such request.

Filing and Contact Details

Filer

Filer Name
Kansas University Plastic Surgery
EIN
27-0393251
Address
3901 RAINBOW BLVD, KANSAS CITY, KS 66160

Signing Officer

Name
Dr Richard Korentager
Title
President
Phone
9135882000
Signed
2017-05-15

Organization Details

Principal Officer
Dr Richard Korentager
Voting Board Members
2
Independent Board Members
1
Employees
12

Preparer

Firm
Cornerstone CPA Group LLC
Address
6420 W 95TH ST STE 202, SHAWNEE MISSION, KS 66212
Preparer
Jennifer D Magyar CPA
Phone
9133818350
Supplemental Narrative

Additional Explanations

Form 990, Part XI

The foundation has signed an agreement to transfer all of its activities, assets, liabilities and fund balances into a new integrated clinical enterprise. The new enterprise is kansas university physicians (ein 48- 1163756) and is a 501(c)(3) exempt entity. The foundation began transferring some of its assets to this new enterprise during fye june 30, 2016. The existing entity will be resolved once all transfers to the new enterprise are complete.

Form 990, Part XI, Line 9

Cash transferred -263,850 fixed assets transferred -97,365 total -361,215 refer to sched o note re transfer of assets to new organization

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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR RICHARD KORENTAGER
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2DHAVAL BHAVSAR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3JAMES BUTTERWORTH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4RYAN ENDRESS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5BRIAN T ANDREWS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm6WOJCIECH PRZYLECKI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1LEASEHOLD IMRPOVEMENTS
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc2MEDICAL EQUIPMENT
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02016-01-04
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt12015-12-31
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt22015-12-31
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IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt172255
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt225110
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IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm0KANSAS UNIVERSITY PHYSICIANS INC
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm1KANSAS UNIVERSITY PHYSICIANS INC
IRS990ScheduleN/DispositionOfAssetsDetail/PersonNm2STATE OF KANSAS
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IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0KANSAS CITY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm1KANSAS CITY
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm2KANSAS CITY
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KANSAS UNIVERSITY PLASTIC SURGERY ASSOCIATION HAS MEMBERS RATHER THAN STOCKHOLDERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE KANSAS UNIVERSITY PLASTIC SURGERY ASSOCIATION HAS AS ITS MEMBERS THE FULL-TIME FACULTY OF THE DEPARTMENT OF PLASTIC SURGERY AT THE UNIVERSITY OF KANSAS MEDICAL SCHOOL. IN ADDITION, THE KANSAS UNIVERSITY PLASTIC SURGERY ASSOCIATION HAS AN OUTSIDE DIRECTOR FROM THE GREATER KANSAS CITY METRO AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ACTIONS AND DECISIONS OF THE BOARD OF DIRECTORS ARE SUBJECT TO APPROVAL BY ALL OF THE MEMBERS AT IT ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS PREPARED AND REVIEWED BY THE ORGANIZATION'S OUTSIDE ACCOUNTING FIRM, THEN SENT TO THE ORGANIZATION'S ADMINISTRATOR FOR REVIEW. AFTER ANY CHANGES, THE UPDATED RETURN IS SENT TO THE BOARD FOR REVIEW AND COMMENTS. ONCE REVIEWED BY THE BOARD AND ALL QUESTIONS AND COMMENTS HAVE BEEN ADDRESSED, THE FINAL FORM 990 IS PROVIDED TO THE BOARD PRIOR TO FILING WITH THE TAX AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY DURING THE FIRST QUARTER OF EACH CALENDAR YEAR. ANY POTENTIAL CONFLICTS ARE DISCLOSED AND RESOLVED AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TOP OFFICIAL DOES NOT RECEIVE A SALARY FOR THE TOP OFFICIAL ROLE, BUT AS A PHYSICIAN. PHYSICIAN SALARIES ARE BASED ON THE AMERICAN ASSOCIATION OF MEDICAL COLLEGES - MIDWESTERN REGION MEDIAN BENCHMARK AND THE MEDICAL GROUP MANAGEMENT ASSOCIATION - SOUTHERN REGION MEDIAN BENCHMARK DATA FOR THE SPECIFIC ACADEMIC RANK, SPECIALTY, AND YEARS OF SERVICE OF THE EMPLOYEE. BOTH DATA SETS ARE UTILIZED TO ESTABLISH THE COMPENSATION LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PHYSICIAN SALARIES ARE BASED ON THE AMERICAN ASSOCIATION OF MEDICAL COLLEGES - MIDWESTERN REGION MEDIAN BENCHMARK AND THE MEDICAL GROUP MANAGEMENT ASSOCIATION - SOUTHERN REGION MEDIAN BENCHMARK FOR DATA FOR THE SPECIFIC ACADEMIC RANT, SPECIALTY, AND YEARS OF SERVICE OF THE EMPLOYEE. BOTH DATA SETS ARE UTILIZED TO ESTABLISH THE COMPENSATION LEVEL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE KANSAS UNIVERSITY PLASTIC SURGERY ASSOCIATION PROVIDES UPON WRITTEN REQUEST PRESENTED AT ITS OFFICE: ITS ORIGINAL FORM 1023, ITS LATEST FORM 990, ITS CONFLICT OF INTEREST POLICY AND ITS LATEST AUDITED FINANCIAL STATEMENTS WITHIN 10 BUSINESS DAYS OF THE RECEIPT OF SUCH REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE FOUNDATION HAS SIGNED AN AGREEMENT TO TRANSFER ALL OF ITS ACTIVITIES, ASSETS, LIABILITIES AND FUND BALANCES INTO A NEW INTEGRATED CLINICAL ENTERPRISE. THE NEW ENTERPRISE IS KANSAS UNIVERSITY PHYSICIANS (EIN 48- 1163756) AND IS A 501(C)(3) EXEMPT ENTITY. THE FOUNDATION BEGAN TRANSFERRING SOME OF ITS ASSETS TO THIS NEW ENTERPRISE DURING FYE JUNE 30, 2016. THE EXISTING ENTITY WILL BE RESOLVED ONCE ALL TRANSFERS TO THE NEW ENTERPRISE ARE COMPLETE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9CASH TRANSFERRED -263,850 FIXED ASSETS TRANSFERRED -97,365 TOTAL -361,215 REFER TO SCHED O NOTE RE TRANSFER OF ASSETS TO NEW ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
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