Civic Intelligence

Major Affiliates Inc

EIN 35-1736385 • 501(c)3 • Shelbyville, IN

Profile

The corporation is organized and at all times shall be operated exclusively for the benefit of, to perform the functions of, and to carry out the purposes of the major hospital of shelbyville, indiana.

150 W Washington StreetShelbyville, IN 46176

n/A

Siviq Scores

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

Liabilities / Assets

65th percentile

0.33x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$0

Down $13,728,348 (-100%) from 2014

Liabilities

Down

$0

Down $1,847,768 (-100%) from 2014

Net Assets

Down

$0

Down $11,880,580 (-100%) from 2014

Revenue

Up

$9,341,634

Up $1,858,995 (+25%) from 2014

Expenses

Down

$1,686,890

Down $67,789 (-3.9%) from 2014

Net Income

Up

$7,654,744

Up $1,926,784 (+34%) from 2014

Trend Graphs

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2010: $11,377,557Liabilities 2010: $3,710,786Net Assets 2010: $7,666,7712010Assets 2011: $11,866,634Liabilities 2011: $3,258,483Net Assets 2011: $8,608,1512011Assets 2012: $10,742,824Liabilities 2012: $2,839,785Net Assets 2012: $7,903,0392012Assets 2013: $13,578,544Liabilities 2013: $2,343,122Net Assets 2013: $11,235,4222013Assets 2014: $13,728,348Liabilities 2014: $1,847,768Net Assets 2014: $11,880,5802014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2015

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$15M$10M$5.0M$0Expenses 2010: $1,524,9662010Expenses 2011: $1,526,0552011Expenses 2012: $1,522,8122012Revenue 2013: $11,020,177Expenses 2013: $1,733,533Net Income 2013: $9,286,6442013Revenue 2014: $7,482,639Expenses 2014: $1,754,679Net Income 2014: $5,727,9602014Revenue 2015: $9,341,634Expenses 2015: $1,686,890Net Income 2015: $7,654,7442015

Highlighted filing

2015

Revenue$9,341,634
Expenses$1,686,890
Net Income$7,654,744

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 11, 2016
Return Version
2015v2.1
Gross Receipts
$9,341,634
Mission and Program Overview

Mission

The corporation is organized and at all times shall be operated exclusively for the benefit of, to perform the functions of, and to carry out the purposes of the major hospital of shelbyville, indiana.

Provide supportive services for major hospital. Promote the improvement of facilities and services of major hospital and support the health related activities of the hospital.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$9,735,746$0▼ $9,735,746
Investments Other Securities$3,773,032$0▼ $3,773,032
Cash and Non-Interest-Bearing Accounts$183,935$0▼ $183,935
Prepaid Expenses and Deferred Charges$25,624$0▼ $25,624
Accounts Receivable$10,011$0▼ $10,011
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$13,728,348$0▼ $13,728,348
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,780,349$0▼ $1,780,349
Accounts Payable and Accrued Expenses$42,958$0▼ $42,958
Other Liabilities$24,461$0▼ $24,461
Total Liabilities$1,847,768$0▼ $1,847,768
Net Assets / Fund Balance
Unrestricted Net Assets$11,880,580$0▼ $11,880,580
Total Net Assets Fund Balance$11,880,580$0▼ $11,880,580
Total Liabilities and Net Assets / Fund Balance$13,728,348$0▼ $13,728,348
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Douglas Carter MdBoard CHAIRPERSON$3,000$359,519$3,000
Gene JonesBoard VICE CHAIRPERSON$3,000-$3,000
Jeff BeatyBoard SECRETARY/TREASURER$3,000-$3,000

Board Members and Trustees

NameTitle
Jeffery WilliamsOfficer
John HornerOfficer
Linda WessicOfficer
Ralph MERCURIOfficer
Ryan ClaxtonOfficer
Revenue and Support

Revenue Composition

Contributions and Grants
$8,033,663
Program Service Revenue
$1,307,971
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$7,654,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,378,905
Salaries, Compensation, and Employee Benefits$307,985
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$439,527$250,144-$689,671
Occupancy$225,129$128,126-$353,255
Other Salaries and Wages$159,739$90,910-$250,649
Interest$52,796$30,047-$82,843
Other Expenses$48,547$27,308-$75,855
Other Employee Benefits$21,050$11,980-$33,030
Payroll Taxes$11,766$6,696-$18,462
Pension Plan Contributions$3,724$2,120-$5,844
Total Functional Expenses$1,075,259$611,631$0$1,686,890
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
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
Yes
Audit committee
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

There is one member of this corporation, Major Hospital, Inc., a government affilated hospital regulated under the Indiana County HOspital Law, Indiana Code (IC) 16-22.

Form 990, Part VI, Section A, line 7A

The member, Major Hospital, Inc., may appoint officer(s), director(s), or anyone else to act on its behalf in the capacity of member of this corporation.

Form 990, Part VI, Section A, line 7B

The business property and affairs of the corporation shall be managed and controlled by the board of directors in accordance with the policies established by the member. The member, Major Hospital, Inc., may appoint officer(s), director(s), or anyone else to act on its behalf in the capacity of member of this corporation. Vacancies in the board of directors shall be filled by the member. The member shall annually appoint the president, in concert with the board of directors. Any director may be removed with or without cause at any regular or special meeting of the member of the corporation.

Form 990, Part VI, Section A, line 8B

Not applicable as The organization does not have committees with authority to act on behalf of the governing body.

Form 990, Part VI, Section B, line 11

The process of reviewing the Form 990 entails a detailed review by Major Hospital's accounting department, Resident Agent and Major Hospital CEO John Horner, Major Hospital's and Major Affiliates' Board of Directors. Major Hospital's CEO and the governing body receive a copy of the Form 990 including requested schedules, as ultimately filed with the IRS, for review and approve prior to filing with the IRS.

Form 990, Part VI, Section B, line 12C

Major Affiliates follows Major Hospital's written conflict of interest policy. Employees, directors, and principal officers are presented with it annually through the Preformance Manager training model. All interested persons make discloses of any potential conflict that may arise between them and the organization to the corporate compliance officer. Interested persons are excluded from discussion of, and vote on, any transaction or arrangement involving possible conflicts of interest.

Form 990, Part VI, Section B, line 15

Form 990, Part VI, line 15a/15b: The policy questions are not applicable for Major Affiliates since top officials are Major Hospital employees. Compensation is determined by Major Hospital.

Form 990, Part VI, Section C, line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Major Affiliates Inc
EIN
35-1736385
Phone
3173985271
Address
150 W Washington Street, Shelbyville, IN 46176

Signing Officer

Name
John Horner
Title
CEO
Phone
3173985337
Signed
2016-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Horner
Formed
1988
Legal Domicile
In
Voting Board Members
3
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Blue & Co LLC
Address
500 N Meridian St Suite 200, Indianapolis, IN 46204
Preparer
Angela N Crawford CPA
Phone
3176334705
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Transfer of assets to Hospital -19,535,324.

Form 990, Part XII, Line 2C, Oversight of Audit and Selection of Auditor:

The board of directors assumes responsibility for oversight of the audit of the financial statements and no processes have changed from prior year. Major affiliates' board of directors reviews the annual financial statements, however, the independent accountant is selected by major hospital's board of directors.

Financial Statement Notes

Part X, Line 2:

Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by MAI (and their affiliates) and recognize a tax liability if MAI has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by MAI and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. MAI is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

Form 990, Schedule D, Part XIII

Part XI, XII, and XIII are not required since the organization is part of a consolidated financial statement. The consolidated financial statements were audited by an independent accounting firm and prepared in accordance with GAAP.

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

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by MAI (and their affiliates) and recognize a tax liability if MAI has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by MAI and has concluded that as of December 31, 2015 and 2014, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. MAI is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Part XI, XII, and XIII are not required since the organization is part of a consolidated financial statement. The consolidated financial statements were audited by an independent accounting firm and prepared in accordance with GAAP.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Schedule D, Part XIII
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DOUGLAS CARTER MD
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JOHN HORNER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2Ralph MERCURI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3LINDA WESSIC
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4JEFFERY WILLIAMS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5RYAN CLAXTON
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4Officer

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