Civic Intelligence

MID-Michigan Mri Inc

EIN 38-2852340 • 501(c)3 • Lansing, MI

Profile

Consistent with the mission of its supported organizations, mid-michigan mri is committed to the provision of high-quality, cost-effective services enhanced by the support of medical education and research opportunities for providers of healthcare throughout mid-michigan.

1215 E Michigan AveLansing, MI 48912

www.midmichiganmri.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

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

Source year 2019

Liabilities / Revenue

62nd percentile

0.00x

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

501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

97th percentile

90%

Higher net margin than 97% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

100th percentile

$752,312

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 7853.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-83%

Faster revenue growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$0

Down $7,269 (-100%) from 2018

Liabilities

Down

$0

Down $1,865 (-100%) from 2018

Net Assets

Down

$0

Down $5,404 (-100%) from 2018

Revenue

Down

$9,579

Down $48,360 (-83%) from 2018

Expenses

Down

$947

Down $28,528 (-97%) from 2018

Net Income

Down

$8,632

Down $19,832 (-70%) from 2018

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2012: $8,449,172Liabilities 2012: $2,212,584Net Assets 2012: $6,236,5882012Assets 2013: $8,626,830Liabilities 2013: $1,736,285Net Assets 2013: $6,890,5452013Assets 2014: $7,724,115Liabilities 2014: $1,214,586Net Assets 2014: $6,509,5292014Assets 2015: $5,992,624Liabilities 2015: $798,191Net Assets 2015: $5,194,4332015Assets 2016: $5,571,224Liabilities 2016: $713,699Net Assets 2016: $4,857,5252016Assets 2017: $88,359Liabilities 2017: $31,419Net Assets 2017: $56,9402017Assets 2018: $7,269Liabilities 2018: $1,865Net Assets 2018: $5,4042018Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019

Highlighted filing

2019

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$20M$15M$10M$5.0M$0Revenue 2012: $16,069,701Expenses 2012: $11,543,814Net Income 2012: $4,525,8872012Revenue 2013: $15,093,439Expenses 2013: $10,472,482Net Income 2013: $4,620,9572013Revenue 2014: $13,255,475Expenses 2014: $10,045,491Net Income 2014: $3,209,9842014Revenue 2015: $11,467,972Expenses 2015: $9,686,068Net Income 2015: $1,781,9042015Revenue 2016: $10,586,052Expenses 2016: $9,253,960Net Income 2016: $1,332,0922016Revenue 2017: $13,581,853Expenses 2017: $4,865,912Net Income 2017: $8,715,9412017Revenue 2018: $57,939Expenses 2018: $29,475Net Income 2018: $28,4642018Revenue 2019: $9,579Expenses 2019: $947Net Income 2019: $8,6322019

Highlighted filing

2019

Revenue$9,579
Expenses$947
Net Income$8,632

Filings

Latest Detailed Filing

The latest 2019 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2017 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 6, 2018
Return Version
2017v2.3
Gross Receipts
$15,215,205
Mission and Program Overview

Mission

Consistent with the mission of its supported organizations, mid-michigan mri (3mri) is committed to the provision of high-quality, cost-effective services enhanced by the support of medical education and research opportunities for providers of healthcare throughout mid-michigan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,880,644--
Accounts Receivable$1,180,296--
Cash and Non-Interest-Bearing Accounts$2,469,252$88,359▼ $2,380,893
Prepaid Expenses and Deferred Charges$41,032--
Total Assets$5,571,224$88,359▼ $5,482,865
Liabilities
Accounts Payable and Accrued Expenses$713,699$31,419▼ $682,280
Total Liabilities$713,699$31,419▼ $682,280
Net Assets / Fund Balance
Unrestricted Net Assets$4,857,525$56,940▼ $4,800,585
Total Net Assets Fund Balance$4,857,525$56,940▼ $4,800,585
Total Liabilities and Net Assets / Fund Balance$5,571,224$88,359▼ $5,482,865
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe RuthVice Preside--$851,554$851,554
Dale DownesAdmin DirectFT$153,061$11,485$164,546
Joe RuthVice President-$89,583$74,963$164,546
Arlene SierraSecretary--$129,119$129,119

Board Members and Trustees

NameTitle
Suresh MukherjiPresident
Dale DownesAdmin Director
Glen KleinDirector
Joy SzilagyiDirector
Peter JanickDirector
Richard WardDirector
Thomas CooperDirector
Thomas OstranderDirector
William HoweTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sparrow HospitalLease Employees1215 E MICHIGAN AVENUE, MICHIGAN STATE UNIVERSITY, Lansing, MI 48909$1,385,177
Msu Department Of RadiologyMri Review Srv184 RADIOLOGY BLDG, East Lansing, MI 48824$722,110
Lansing Radiology AssociatesMri Review Srv271 WOODLAND PASS, East Lansing, MI 48823$676,880
Ge Medical SystemsSrvc ContractsPO BOX 96483, Chicago, IL 60693-6483$406,318
Msu Health TeamBilling Service909 FEE RD ROOM 127, East Lansing, MI 48824$136,282
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$5,266,010
Investment Income
$8,315,843
Other Revenue
$0
Change in Net Assets
$8,715,941

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,581,853
Total Revenue per Audited Statements
$13,581,853
Total Revenue per Form 990
$13,581,853
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,280,687
Salaries, Compensation, and Employee Benefits$585,225
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$1,057,365$32,429-$1,089,794
Other Salaries and Wages$214,904$243,207-$458,111
Office Expenses$412,300$8,278-$420,578
Depreciation Depletion$252,498--$252,498
Other Expenses$126,519--$126,519
Other Employee Benefits$57,148$17,479-$74,627
All Other Expenses$63,149$10,423-$73,572
Occupancy$69,259--$69,259
Information Technology$53,836--$53,836
Fees for Services Accounting-$45,540-$45,540
Payroll Taxes$16,440$18,605-$35,045
Pension Plan Contributions$7,415$10,027-$17,442
Insurance-$15,714-$15,714
Travel$10,239$194-$10,433
Conferences and Meetings-$245-$245
Total Functional Expenses$4,463,771$402,141$0$4,865,912

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,865,912
Total Expenses per Audited Statements$4,865,912
Total Expenses per Form 990$4,865,912
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
Audit committee
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
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Thomas cooper msu directors/employees director/emp director/emp business relationship - msu glen klein msu directors/employees director/emp director/emp business relationship - msu richard ward msu directors/employees director/emp director/emp business relationship - msu suresh mukherji md msu directors/employees director/emp director/emp business relationship - msu arlene sierra msu directors/employees director/emp director/emp business relationship - msu joe ruth sparrow directors/employees director/emp director/emp business relationship - ewsh thomas ostrander sparrow directors/employees director/emp director/emp business relationship - ewsh william howe sparrow directors/employees director/emp director/emp business relationship - ewsh joy szilagyi sparrow directors/employees director/emp director/emp business relationship - ewsh

Form 990, Page 6, Part VI, Line 6

The organization is owned equally by michigan state university and edward w. Sparrow hospital.

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

The boards of edward w. Sparrow hospital and michigan state university have the right to appoint directors of mid-michigan mri.

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

The boards of edward w. Sparrow hospital and michigan state university have the right to appoint directors of mid-michigan mri.

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

No review was or will be conducted.

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

1) corporate compliance sends out the conflict of interest policy and questionnaires to all voting board members and the executive team annually. 2) all disclosures are received and reviewed by corporate compliance. 3) all disclosures are given a resolution code and presented to the president and governance committee of the board. 4) all board/committee level disclosures are provided to the respective board chair and executive liaison to ensure issues can be addressed on a transactional level (i.e. If a vote is required on a transaction involving an interested person).

Form 990, Page 6, Part VI, Line 19

Governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
Mid-michigan Mri Inc
EIN
38-2852340
Phone
5173641000
Address
1215 E MICHIGAN AVE, LANSING, MI 48912

Signing Officer

Name
William Howe
Title
Treasurer
Phone
5173641000
Signed
2018-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Howe
Formed
1988
Legal Domicile
Mi
Voting Board Members
9
Independent Board Members
1
Employees
12

Preparer

Firm
Andrews Hooper Pavlik Plc
Address
4295 OKEMOS RD STE 200, OKEMOS, MI 48864-6201
Preparer
Mark E Hooper
Phone
5177060800
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Consistent with the mission of its supported organizations, mid-michigan mri (3mri) is committed to the provision of high-quality, cost-effective services enhanced by the support of medical education and research opportunities for providers of healthcare throughout mid-michigan.

Form 990

All lines left blank are not applicable to the organization.

Form 990, Page 2, Part III, Line 3

Mid-michigan mri, inc (3mri) is a joint venture between edward w. Sparrow hospital association (sparrow) and michigan state university (msu). 3mri owned and operated three state-of-the-art magnetic resonance imaging (mri units located on the sparrow campus, a fixed ct unit on the msu campus, and open bore mri unit at the msu clinical center, a fixed pet/ct unit at sparrow hospital, and a mobile mri unit serving various hospitals in mid- michigan. 3mri contracted with msus department of radiology and lansing radiology associates for physician services to provide seamless mri services to patients throughout the mid-michigan region. The lease agreements with related parties and 3mri expired on june 30, 2017. The parties agreed to discontinue operations and begin dissolution proceedings based upon the process outlined in the applicable lease agreements at that time. 3mri operations ceased completely at sparrow on june 30, 2017 followed by msu on july 31, 2017. The lease agreements with msu and sparrow provided that most of the assets of 3mri would be purchased at fair value, which resulted in a gain on sale of dissolution. As of 12/31/17, all assets have been sold and the gain on disposal of assets of 8,308,174 has been recognized. 3mri has fully reserved accounts receivable and has adequate cash to pay remaining obligations. Any remaining cash amounts will be distributed to ownership. The organization was officially dissolved with the state of michigan attorney general's office on december 28, 2017.

Form 990, Part IX, Line 11G

Physician services 1,057,365 32,429 0

Form 990, Part XI, Line 9

Distributions to supported organizations -13,516,526

Raw XML AppendixShowing 400 of 842 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.

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