Civic Intelligence

MID Michigan Mri Inc

990 • Fiscal year 2016 • EIN 38-2852340

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 09, 2017

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

38th percentile

0.13x

Higher debt load relative to assets than 38% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

20th percentile

0.07x

Higher debt load relative to revenue than 20% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

74th percentile

13%

Higher net margin than 74% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

94th percentile

$752,561

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 7.1% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

13th percentile

-7.0%

Faster asset growth than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

24th percentile

-7.7%

Faster revenue growth than 24% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,571,224

Down $421,400 (-7.0%) from 2015

Net Assets

Down

$4,857,525

Down $336,908 (-6.5%) from 2015

Liabilities

Down

$713,699

Down $84,492 (-11%) from 2015

Revenue

Down

$10,586,052

Down $881,920 (-7.7%) from 2015

Expenses

Down

$9,253,960

Down $432,108 (-4.5%) from 2015

Net Income

Down

$1,332,092

Down $449,812 (-25%) from 2015

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

2016

Assets$5,571,224
Liabilities$713,699
Net Assets$4,857,525

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

2016

Revenue$10,586,052
Expenses$9,253,960
Net Income$1,332,092
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 9, 2017
Return Version
2016v3.0
Gross Receipts
$10,586,052
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.

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
Cash and Non-Interest-Bearing Accounts$2,693,949$2,469,252▼ $224,697
Land, Buildings, and Equipment, Net$2,115,808$1,880,644▼ $235,164
Accounts Receivable$1,125,763$1,180,296▲ $54,533
Prepaid Expenses and Deferred Charges$57,104$41,032▼ $16,072
Total Assets$5,992,624$5,571,224▼ $421,400
Liabilities
Accounts Payable and Accrued Expenses$798,191$713,699▼ $84,492
Total Liabilities$798,191$713,699▼ $84,492
Net Assets / Fund Balance
Unrestricted Net Assets$5,194,433$4,857,525▼ $336,908
Total Net Assets Fund Balance$5,194,433$4,857,525▼ $336,908
Total Liabilities and Net Assets / Fund Balance$5,992,624$5,571,224▼ $421,400

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,537,075$20,809,661$22,346,736
Buildings$343,569$2,774,366$3,117,935
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joe RuthVice Preside--$752,561$752,561
Dale DownesAdmin DirectFT$139,318$12,595$151,913
Joe RuthVice President-$132,418$19,495$151,913
Arlene SierraSecretary--$125,589$125,589
Peter JanickDirector--$2,563$2,563

Board Members and Trustees

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

Highest Paid Contractors

ContractorServicesLocationCompensation
Edward W Sparrow HospitalLease Employees1215 E MICHIGAN AVENUE, MICHIGAN STATE UNIVERSITY, Lansing, MI 48912$2,665,655
Msu Department Of RadiologyMri Review Srv184 RADIOLOGY BLDG, East Lansing, MI 48824$1,271,567
Lansing Radiology AssociatesMri Review Srv271 WOODLAND PASS, East Lansing, MI 48823$1,121,671
Ge Medical SystemsSrvc ContractsPO BOX 96483, Chicago, IL 60693-6483$998,801
Msu Health TeamBilling Service909 FEE RD ROOM 127, East Lansing, MI 48824$212,191
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$10,581,784
Investment Income
$4,268
Other Revenue
$0
Change in Net Assets
$1,332,092

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,586,052
Total Revenue per Audited Statements
$10,586,052
Total Revenue per Form 990
$10,586,052
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,296,877
Salaries, Compensation, and Employee Benefits$957,083
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,091,317--$2,091,317
Office Expenses$835,698$16,901-$852,599
Other Salaries and Wages$528,245$240,295-$768,540
Depreciation Depletion$588,040--$588,040
Other Expenses$221,962--$221,962
Occupancy$122,142--$122,142
All Other Expenses$91,844$24,896-$116,740
Other Employee Benefits$86,607$17,559-$104,166
Information Technology$99,389--$99,389
Payroll Taxes$40,411$18,383-$58,794
Fees for Services Accounting-$52,966-$52,966
Travel$32,981$16,686-$49,667
Pension Plan Contributions$12,697$12,886-$25,583
Insurance-$19,427-$19,427
Fees for Services Legal-$5,130-$5,130
Conferences and Meetings-$1,180-$1,180
Total Functional Expenses$8,827,651$426,309$0$9,253,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,253,960
Total Expenses per Audited Statements$9,253,960
Total Expenses per Form 990$9,253,960
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
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

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 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 3mri.

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 3mri.

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

Copies of the 2016 form 990 were provided to the 3mri 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

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
2017-11-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Howe
Formed
1988
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
1
Employees
13

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, Part IX, Line 11G

Physician services 2,091,317 0 0

Form 990, Part XI, Line 9

Distributions to supported organizations -1,669,000

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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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