Civic Intelligence

Michigan Mobile Pet Imaging Inc

EIN 33-1086165 • 501(c)3 • Southfield, MI

Profile

To acquire, establish, construct, develop, operate, manage or arrange for management of, and maintain a mobile pet/ct scanner route for the care and treatment of persons who are acutely ill or who otherwise require medical care and related services; and to initiate, sponsor, carry out, participate in, and contribute to programs for the care and treatment of the sick, infirm, aged, and distressed, and for the promotion of the general health of the community.

26901 Beaumont Blvd Attn Corp TaxSouthfield, MI 48033

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

28th percentile

0.04x

Higher debt load relative to assets than 28% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.06x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

80th percentile

29%

Higher net margin than 80% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

81st percentile

21%

Faster asset growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Revenue Growth

66th percentile

16%

Faster revenue growth than 66% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2024

Assets

Up

$15,753,404

Up $3,391,320 (+27%) from 2023

Liabilities

Up

$708,479

Up $209,977 (+42%) from 2023

Net Assets

Up

$15,044,925

Up $3,181,343 (+27%) from 2023

Revenue

Up

$10,952,481

Up $1,981,763 (+22%) from 2023

Expenses

Up

$7,771,138

Up $382,095 (+5.2%) from 2023

Net Income

Up

$3,181,343

Up $1,599,668 (+101%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0Assets 2011: $338,047Liabilities 2011: $119,867Net Assets 2011: $218,1802011Assets 2012: $502,266Liabilities 2012: $229,956Net Assets 2012: $272,3102012Assets 2013: $608,023Liabilities 2013: $126,850Net Assets 2013: $481,1732013Assets 2014: $802,464Liabilities 2014: $77,570Net Assets 2014: $724,8942014Assets 2015: $1,095,969Liabilities 2015: $325,086Net Assets 2015: $770,8832015Assets 2016: $2,002,629Liabilities 2016: $398,301Net Assets 2016: $1,604,3282016Assets 2017: $2,616,714Liabilities 2017: $253,420Net Assets 2017: $2,363,2942017Assets 2018: $3,636,835Liabilities 2018: $241,104Net Assets 2018: $3,395,7312018Assets 2019: $6,645,604Liabilities 2019: $2,091,929Net Assets 2019: $4,553,6752019Assets 2020: $6,498,925Liabilities 2020: $1,126,979Net Assets 2020: $5,371,9462020Assets 2021: $7,685,048Liabilities 2021: $621,419Net Assets 2021: $7,063,6292021Assets 2022: $10,745,252Liabilities 2022: $463,345Net Assets 2022: $10,281,9072022Assets 2023: $12,362,084Liabilities 2023: $498,502Net Assets 2023: $11,863,5822023Assets 2024: $15,753,404Liabilities 2024: $708,479Net Assets 2024: $15,044,9252024

Highlighted filing

2024

Assets$15,753,404
Liabilities$708,479
Net Assets$15,044,925

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Expenses 2011: $918,4022011Expenses 2012: $996,1202012Revenue 2013: $1,120,500Expenses 2013: $911,637Net Income 2013: $208,8632013Revenue 2014: $1,275,405Expenses 2014: $1,031,684Net Income 2014: $243,7212014Revenue 2015: $1,435,580Expenses 2015: $1,133,012Net Income 2015: $302,5682015Revenue 2016: $2,822,910Expenses 2016: $1,989,465Net Income 2016: $833,4452016Revenue 2017: $3,081,012Expenses 2017: $2,322,046Net Income 2017: $758,9662017Revenue 2018: $3,994,601Expenses 2018: $2,962,164Net Income 2018: $1,032,4372018Revenue 2019: $4,777,215Expenses 2019: $3,619,271Net Income 2019: $1,157,9442019Revenue 2020: $4,914,313Expenses 2020: $4,096,042Net Income 2020: $818,2712020Revenue 2021: $6,599,660Expenses 2021: $4,907,977Net Income 2021: $1,691,6832021Revenue 2022: $8,200,238Expenses 2022: $5,056,960Net Income 2022: $3,143,2782022Revenue 2023: $8,970,718Expenses 2023: $7,389,043Net Income 2023: $1,581,6752023Revenue 2024: $10,952,481Expenses 2024: $7,771,138Net Income 2024: $3,181,3432024

Highlighted filing

2024

Revenue$10,952,481
Expenses$7,771,138
Net Income$3,181,343

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$0.71$15.0$11.0$7.77$3.18
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.4$0.50$11.9$8.97$7.39$1.58
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.7$0.46$10.3$8.20$5.06$3.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.69$0.62$7.06$6.60$4.91$1.69
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.50$1.13$5.37$4.91$4.10$0.82
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.65$2.09$4.55$4.78$3.62$1.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.64$0.24$3.40$3.99$2.96$1.03
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.62$0.25$2.36$3.08$2.32$0.76
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.00$0.40$1.60$2.82$1.99$0.83
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.10$0.33$0.77$1.44$1.13$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.08$0.72$1.28$1.03$0.24
2013Detailed filing. Detailed filing data is available for this year.$0.61$0.13$0.48$1.12$0.91$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.50$0.23$0.27$1.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.34$0.12$0.22$0.92
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 9, 2023
Return Version
2022v5.0
Gross Receipts
$8,200,238
Mission and Program Overview

Mission

To acquire, establish, construct, develop, operate, manage or arrange for management of, and maintain a mobile pet/ct scanner route for the care and treatment of persons who are acutely ill or who otherwise require medical care and related services; and to initiate, sponsor, carry out, participate in, and contribute to programs for the care and treatment of the sick, infirm, aged, and distressed, and for the promotion of the general health of the community.

To acquire, establish, construct, develop, operate, manage or arrange for management of, own and operate mobile mri units, and maintain a mobile pet/ct scanner route for the care and treatment of persons who are actually ill or who otherwise require medical care and related services; and to initiate, sponsor, carry out, participate in, and contribute to programs for the care and treatment of the sick, infirm, aged, and distressed, and for the promotion of the general health of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$7,063,629$10,281,907▲ $3,218,278
Cash and Non-Interest-Bearing Accounts$3,451,534$5,508,577▲ $2,057,043
Land, Buildings, and Equipment, Net$3,451,823$4,456,779▲ $1,004,956
Accounts Receivable$716,510$731,575▲ $15,065
Prepaid Expenses and Deferred Charges$39,738$48,321▲ $8,583
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$7,685,048$10,745,252▲ $3,060,204
Other Assets Total$25,443$0▼ $25,443
Liabilities
Accounts Payable and Accrued Expenses$466,439$463,345▼ $3,094
Unsecured Notes Loans Payable$129,537--
Other Liabilities$25,443$0▼ $25,443
Total Liabilities$621,419$463,345▼ $158,074
Net Assets / Fund Balance
Total Net Assets Fund Balance$7,063,629$10,281,907▲ $3,218,278
Total Liabilities and Net Assets / Fund Balance$7,685,048$10,745,252▲ $3,060,204

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,456,779$1,004,911$5,461,690
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Director/president
-Director/secretary
-Director/treasurer
-CEO
-CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$8,200,238
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$3,143,278
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,056,960
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,047,080$30,000$0$3,077,080
Depreciation Depletion$878,044--$878,044
Insurance$119,798--$119,798
Other Expenses$79,809--$79,809
All Other Expenses$20,867$0$0$20,867
Interest$8,029--$8,029
Travel$2,270--$2,270
Fees for Services Accounting-$1,800-$1,800
Office Expenses$635--$635
Total Functional Expenses$5,025,160$31,800$0$5,056,960
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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, Part VI, Line 6 Classes of members or stockholders

Michigan mobile pet imaging inc was formed as a non stock, not for profit corporation with voting members.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

A member may appoint an officer(s), director(s), trustee(s), or anyone else to act on its behalf in the capacity of a member.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

All actions of organization shall be made by its board of trustees, subject to the following matters, which shall require the unanimous approval of the members: a. Approve the mission and vision statements for the corporation and any chnages thereto. B. Approve amendments to the articles of incorporation and bylaws of the corporation. C. Approve sale, transfer, or substantial chnage in use of all or substantially all of the assets of the corporation, or any divestitures, dissolutions, closures, mergers, or consolidations of the corporation. D. Approve any request for additional capital contributions by the members.

Form 990, Part VI, Line 11B Review of form 990 by governing body

A copy of the form 990 is provided to the board of directors prior to filing. The review process for this form 990 is as follows: 1. Preparation of the return is supervised and reviewed by a member within organization's corporate tax department. 2. The return is reviewed by the organization's treasurer and shared with the members of the board of directors. 3. The organization's treasurer reviews comments or questions received by members of the board of directors, if any, to address or to incorporate, as appropriate, into the return prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

BOARD OF DIRECTORS 1. Conflicts of interest must be disclosed, VIA AN ANNUAL ELECTRONIC DISCLOSURE PROCESS and verbally at each board and board committee meeting as part of the "declaration of conflict of interest" prior to discussion of any agenda items. 2. A person having a financial interest in a proposed transaction or arrangement may make a presentation at a meeting of the board or committee which is considering that transaction or arrangement, but after that presentation he/she shall leave the meeting before discussion and voting on that proposed transaction or arrangement. The person having the financial interest shall not be counted in determining whether a quorum is present. 3. The chairperson of the board or the committee chair shall, if appropriate, appoint a disinterested person or committee (including outside advisors) to investigate alternatives to the proposed transaction or arrangement, and to advise whether the proposed transaction or arrangement is in the organization's best interest. 4. The board or committee shall exercise due diligence to determine whether the organization can, with reasonable efforts, obtain a more advantageous transaction or arrangement that would not give rise to a conflict of interest. 5. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors and members whether the proposed transaction or arrangement is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization, and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. 6. The minutes of the meetings of the board and all of the organization's committees shall set forth: a) The names of the persons who disclosed a financial interest in a proposed transaction or arrangement involving the organization or any of its subsidiaries and the nature of the financial interest; and b) The names of the persons who were present for discussions and votes relating to such transaction or arrangement, including any discussion of alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with that matter. The votes of individual members need not be recorded unless otherwise directed by the Board of Directors or committee. 7. There is an ongoing requirement that members of the board and board committees update their annual disclosure questionnaire at any point during his/her tenure on the board of directors when a new potential conflict of interest arises. MANAGEMENT 1. Upon acceptance of an employment offer, each member of management (directors and above) completes a conflict-of-interest disclosure questionnaire. A copy of the member of management's disclosure questionnaire is sent to the organization's System Compliance Department. A copy of the member of management's disclosure is reviewed by the organization's Compliance Operations Analyst and escalated to the appropriate Executive Leadership Team, if necessary. 2. Annually, each member of management (directors and above) completes an annual conflict of interest disclosure questionnaire electronically. If there is an affirmative disclosure, the questionnaire is reviewed by the appropriate Executive Leadership Team. 3. There is an ongoing requirement to update the disclosure questionnaire when a new potential conflict of interest arises. Updated disclosures follow the same process as initial disclosures described above. 4. The conflicts of interest committee, in consultation with executive management, determines how reported conflicts should be managed. Management of a conflict may take a variety of different forms from implementation of a management plan, which is implemented directly with the Compliance Officer for the Joint Venture, to r

Form 990, Part VI, Line 19 Required documents available to the public

The organization's articles of incorporation have been provided to the state of michigan and are available to the public on the state's website. The organization's bylaws and internal policies are generally not made available to the public. At the time of this filing, the financial statements have not been made available to the public but are represented in parts viii, ix, and x of this form 990.

Filing and Contact Details

Filer

Filer Name
Michigan Mobile Pet Imaging Inc
EIN
33-1086165
Phone
6163922022
Address
26901 Beaumont Blvd Attn Corp Tax, Southfield, MI 48033

Signing Officer

Name
matthew e cox
Title
CFO
Signed
2023-11-09

Organization Details

Formed
2005
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

CONTRACTED WORK - Total Expense: 2465051, Program Service Expense: 2465051, Management and General Expenses: 0, Fundraising Expenses: 0; SERVICES AGREEMENTS - Total Expense: 582029, Program Service Expense: 582029, Management and General Expenses: 0, Fundraising Expenses: 0; CONSULTING FEES - Total Expense: 30000, Program Service Expense: 0, Management and General Expenses: 30000, Fundraising Expenses: 0;

Raw XML AppendixShowing 400 of 1,410 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt0731575
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IRS990/ActivityOrMissionDesc0TO ACQUIRE, ESTABLISH, CONSTRUCT, DEVELOP, OPERATE, MANAGE OR ARRANGE FOR MANAGEMENT OF, OWN AND OPERATE MOBILE MRI UNITS, AND MAINTAIN A MOBILE PET/CT SCANNER ROUTE FOR THE CARE AND TREATMENT OF PERSONS WHO ARE ACTUALLY ILL OR WHO OTHERWISE REQUIRE MEDICAL CARE AND RELATED SERVICES; AND TO INITIATE, SPONSOR, CARRY OUT, PARTICIPATE IN, AND CONTRIBUTE TO PROGRAMS FOR THE CARE AND TREATMENT OF THE SICK, INFIRM, AGED, AND DISTRESSED, AND FOR THE PROMOTION OF THE GENERAL HEALTH OF THE COMMUNITY.
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IRS990/Desc0OBTAIN AND PROVIDE FOR THE MANAGEMENT AND OPERATION OF A MOBILE PET/CT SCANNER. MICHIGAN MOBILE PET IMAGING LEASES THE SCANNER TO LOCAL AREA HOSPITALS WHO OPERATE THE MACHINE FOR DIAGNOSIS AND TREATMENT OF PATIENTS REQUIRING MEDICAL CARE. MICHIGAN MOBILE PET IMAGING ALSO OWNS AND OPERATES MOBILE MRI UNITS.
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4MATTHEW COX
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IRS990/MissionDesc0TO ACQUIRE, ESTABLISH, CONSTRUCT, DEVELOP, OPERATE, MANAGE OR ARRANGE FOR MANAGEMENT OF, OWN AND OPERATE MOBILE MRI UNITS, AND MAINTAIN A MOBILE PET/CT SCANNER ROUTE FOR THE CARE AND TREATMENT OF PERSONS WHO ARE ACTUALLY ILL OR WHO OTHERWISE REQUIRE MEDICAL CARE AND RELATED SERVICES; AND TO INITIATE, SPONSOR, CARRY OUT, PARTICIPATE IN, AND CONTRIBUTE TO PROGRAMS FOR THE CARE AND TREATMENT OF THE SICK, INFIRM, AGED, AND DISTRESSED, AND FOR THE PROMOTION OF THE GENERAL HEALTH OF THE COMMUNITY.
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1THOMAS LANNI JR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt2TINA WOOD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt3CHRISTINA FREESE DECKER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt4MATTHEW COX
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR/PRESIDENT
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MICHIGAN MOBILE PET IMAGING INC WAS FORMED AS A NON STOCK, NOT FOR PROFIT CORPORATION WITH VOTING MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A MEMBER MAY APPOINT AN OFFICER(S), DIRECTOR(S), TRUSTEE(S), OR ANYONE ELSE TO ACT ON ITS BEHALF IN THE CAPACITY OF A MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL ACTIONS OF ORGANIZATION SHALL BE MADE BY ITS BOARD OF TRUSTEES, SUBJECT TO THE FOLLOWING MATTERS, WHICH SHALL REQUIRE THE UNANIMOUS APPROVAL OF THE MEMBERS: A. APPROVE THE MISSION AND VISION STATEMENTS FOR THE CORPORATION AND ANY CHNAGES THERETO. B. APPROVE AMENDMENTS TO THE ARTICLES OF INCORPORATION AND BYLAWS OF THE CORPORATION. C. APPROVE SALE, TRANSFER, OR SUBSTANTIAL CHNAGE IN USE OF ALL OR SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, OR ANY DIVESTITURES, DISSOLUTIONS, CLOSURES, MERGERS, OR CONSOLIDATIONS OF THE CORPORATION. D. APPROVE ANY REQUEST FOR ADDITIONAL CAPITAL CONTRIBUTIONS BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE REVIEW PROCESS FOR THIS FORM 990 IS AS FOLLOWS: 1. PREPARATION OF THE RETURN IS SUPERVISED AND REVIEWED BY A MEMBER WITHIN ORGANIZATION'S CORPORATE TAX DEPARTMENT. 2. THE RETURN IS REVIEWED BY THE ORGANIZATION'S TREASURER AND SHARED WITH THE MEMBERS OF THE BOARD OF DIRECTORS. 3. THE ORGANIZATION'S TREASURER REVIEWS COMMENTS OR QUESTIONS RECEIVED BY MEMBERS OF THE BOARD OF DIRECTORS, IF ANY, TO ADDRESS OR TO INCORPORATE, AS APPROPRIATE, INTO THE RETURN PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOARD OF DIRECTORS 1. Conflicts of interest must be disclosed, VIA AN ANNUAL ELECTRONIC DISCLOSURE PROCESS and verbally at each board and board committee meeting as part of the "declaration of conflict of interest" prior to discussion of any agenda items. 2. A person having a financial interest in a proposed transaction or arrangement may make a presentation at a meeting of the board or committee which is considering that transaction or arrangement, but after that presentation he/she shall leave the meeting before discussion and voting on that proposed transaction or arrangement. The person having the financial interest shall not be counted in determining whether a quorum is present. 3. The chairperson of the board or the committee chair shall, if appropriate, appoint a disinterested person or committee (including outside advisors) to investigate alternatives to the proposed transaction or arrangement, and to advise whether the proposed transaction or arrangement is in the organization's best interest. 4. The board or committee shall exercise due diligence to determine whether the organization can, with reasonable efforts, obtain a more advantageous transaction or arrangement that would not give rise to a conflict of interest. 5. If a more advantageous transaction or arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest, the board or committee shall determine by a majority vote of the disinterested directors and members whether the proposed transaction or arrangement is in the organization's best interest and for its own benefit and whether the transaction is fair and reasonable to the organization, and shall make its decision as to whether to enter into the transaction or arrangement in conformity with such determination. 6. The minutes of the meetings of the board and all of the organization's committees shall set forth: a) The names of the persons who disclosed a financial interest in a proposed transaction or arrangement involving the organization or any of its subsidiaries and the nature of the financial interest; and b) The names of the persons who were present for discussions and votes relating to such transaction or arrangement, including any discussion of alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with that matter. The votes of individual members need not be recorded unless otherwise directed by the Board of Directors or committee. 7. There is an ongoing requirement that members of the board and board committees update their annual disclosure questionnaire at any point during his/her tenure on the board of directors when a new potential conflict of interest arises. MANAGEMENT 1. Upon acceptance of an employment offer, each member of management (directors and above) completes a conflict-of-interest disclosure questionnaire. A copy of the member of management's disclosure questionnaire is sent to the organization's System Compliance Department. A copy of the member of management's disclosure is reviewed by the organization's Compliance Operations Analyst and escalated to the appropriate Executive Leadership Team, if necessary. 2. Annually, each member of management (directors and above) completes an annual conflict of interest disclosure questionnaire electronically. If there is an affirmative disclosure, the questionnaire is reviewed by the appropriate Executive Leadership Team. 3. There is an ongoing requirement to update the disclosure questionnaire when a new potential conflict of interest arises. Updated disclosures follow the same process as initial disclosures described above. 4. The conflicts of interest committee, in consultation with executive management, determines how reported conflicts should be managed. Management of a conflict may take a variety of different forms from implementation of a management plan, which is implemented directly with the Compliance Officer for the Joint Venture, to r
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S ARTICLES OF INCORPORATION HAVE BEEN PROVIDED TO THE STATE OF MICHIGAN AND ARE AVAILABLE TO THE PUBLIC ON THE STATE'S WEBSITE. THE ORGANIZATION'S BYLAWS AND INTERNAL POLICIES ARE GENERALLY NOT MADE AVAILABLE TO THE PUBLIC. AT THE TIME OF THIS FILING, THE FINANCIAL STATEMENTS HAVE NOT BEEN MADE AVAILABLE TO THE PUBLIC BUT ARE REPRESENTED IN PARTS VIII, IX, AND X OF THIS FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONTRACTED WORK - Total Expense: 2465051, Program Service Expense: 2465051, Management and General Expenses: 0, Fundraising Expenses: 0; SERVICES AGREEMENTS - Total Expense: 582029, Program Service Expense: 582029, Management and General Expenses: 0, Fundraising Expenses: 0; CONSULTING FEES - Total Expense: 30000, Program Service Expense: 0, Management and General Expenses: 30000, Fundraising Expenses: 0;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 7a Members or stockholders electing members of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, Line 11g Other Fees
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