Civic Intelligence

MID Michigan Mri Inc

990 • Fiscal year 2013 • EIN 38-2852340

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 11, 2014

1215 E Michigan AveLansing, MI 48912

(517) 364-1000

Siviq Scores

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

Liabilities / Assets

45th percentile

0.20x

Higher debt load relative to assets than 45% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

31st percentile

0.12x

Higher debt load relative to revenue than 31% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

84th percentile

31%

Higher net margin than 84% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

93rd percentile

$711,519

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

44th percentile

2.1%

Faster asset growth than 44% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

24th percentile

-6.1%

Faster revenue growth than 24% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Assets

Up

$8,626,830

Up $177,658 (+2.1%) from 2012

Net Assets

Up

$6,890,545

Up $653,957 (+10%) from 2012

Liabilities

Down

$1,736,285

Down $476,299 (-22%) from 2012

Revenue

Down

$15,093,439

Down $976,262 (-6.1%) from 2012

Expenses

Down

$10,472,482

Down $1,071,332 (-9.3%) from 2012

Net Income

Up

$4,620,957

Up $95,070 (+2.1%) from 2012

Historical Trend

Balance Sheet Trend

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

$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

2013

Assets$8,626,830
Liabilities$1,736,285
Net Assets$6,890,545

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2013

Revenue$15,093,439
Expenses$10,472,482
Net Income$4,620,957
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 11, 2014
Return Version
2013v3.1
Gross Receipts
$15,093,439
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,367,603$3,519,313▲ $1,151,710
Land, Buildings, and Equipment, Net$4,020,188$3,263,469▼ $756,719
Accounts Receivable$1,990,817$1,787,725▼ $203,092
Prepaid Expenses and Deferred Charges$70,564$56,323▼ $14,241
Total Assets$8,449,172$8,626,830▲ $177,658
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,379,318$904,165▼ $475,153
Accounts Payable and Accrued Expenses$833,266$832,120▼ $1,146
Total Liabilities$2,212,584$1,736,285▼ $476,299
Net Assets / Fund Balance
Unrestricted Net Assets$6,236,588$6,890,545▲ $653,957
Total Net Assets Fund Balance$6,236,588$6,890,545▲ $653,957
Total Liabilities and Net Assets / Fund Balance$8,449,172$8,626,830▲ $177,658

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,788,772$18,381,291$21,170,063
Buildings$474,697$2,576,614$3,051,311
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
E James PotchenVice Preside-$295,079$295,079
Dale DownesAdmin DirectFT$135,108$135,108
Arlene SierraSecretary-$124,814$124,814

Board Members and Trustees

NameTitle
Joe RuthPresident
E James PotchenVice President
Glen KleinDirector
Joy SzilagyiDirector
Peter JanickDirector
Suresh MukherjiDirector
Thomas CooperDirector
Thomas OstranderDirector
William StrampelDirector
William HoweTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Edward W Sparrow HospitalLease Employees-$2,501,385
Msu Department Of RadiologyMri Review-$1,483,121
Lansing Radiology AssociatesMri Review-$1,242,682
Ge Medical SystemsSrvc Contracts-$1,081,262
Advanced Medical Business ServicesBilling Service-$340,087
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$15,089,342
Investment Income
$4,097
Other Revenue
$0
Change in Net Assets
$4,620,957
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,546,508
Salaries, Compensation, and Employee Benefits$925,974
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,396,535--$2,396,535
Depreciation Depletion$941,635--$941,635
Office Expenses$717,532$27,889-$745,421
Other Salaries and Wages$557,784$128,223-$686,007
Other Expenses$373,899--$373,899
All Other Expenses$282,940$45,887-$328,827
Occupancy$133,654$36,908-$170,562
Other Employee Benefits$112,390$3,191-$115,581
Information Technology$99,389--$99,389
Advertising$80,425--$80,425
Pension Plan Contributions$64,367$7,540-$71,907
Payroll Taxes$42,670$9,809-$52,479
Fees for Services Accounting-$37,638-$37,638
Conferences and Meetings-$33,928-$33,928
Interest$30,545--$30,545
Travel$25,821--$25,821
Insurance-$21,837-$21,837
Fees for Services Legal-$2,977-$2,977
Total Functional Expenses$10,116,655$355,827$0$10,472,482
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Peter JanickBusinessServices ProvidedNo$1,246,682
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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

E. James potchen msu directors/employees director/emp director/emp business relationship - msu william strampel msu directors/employees director/emp director/emp business relationship - msu thomas cooper msu directors/employees director/emp director/emp business relationship - msu glen klein msu directors/employees director/emp director/emp business relationship - msu arlene sierra msu directors/employees director/emp director/emp business relationship - msu suresh mukherji 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

Copies of the 2013 form 990 were provided to the mid-michigan mri board for review prior to the filing of the return.

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

EIN
38-2852340
Phone
5173641000

Signing Officer

Name
William Howe
Title
Treasurer
Phone
5173641000
Signed
2014-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Howe
Formed
1988
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
0
Employees
13

Preparer

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 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, Part IX, Line 11G

Physician services 2,396,535 0 0

Form 990, Part XI, Line 9

Distributions to supported organizations 3,967,000

Raw XML AppendixShowing 400 of 657 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
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