Civic Intelligence

Midwest Kidney Network Inc

990 • Fiscal year 2018 • EIN 41-1313686

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 18, 2018

1360 Energy Park Dr Suite 200St Paul, MN 55108

(651) 644-9877

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

15th percentile

0.00x

Higher debt load relative to revenue than 15% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

60th percentile

7.0%

Higher net margin than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

79th percentile

$129,455

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 9.7% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

61st percentile

4.5%

Faster asset growth than 61% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

-2.2%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Up

$2,094,129

Up $89,522 (+4.5%) from 2017

Net Assets

Up

$2,093,995

Up $89,506 (+4.5%) from 2017

Liabilities

Up

$134

Up $16 (+14%) from 2017

Revenue

Down

$1,332,056

Down $29,524 (-2.2%) from 2017

Expenses

Up

$1,238,524

Up $17,367 (+1.4%) from 2017

Net Income

Down

$93,532

Down $46,891 (-33%) from 2017

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2011: $1,403,398Liabilities 2011: $3,203Net Assets 2011: $1,400,1952011Assets 2012: $1,520,355Liabilities 2012: $0Net Assets 2012: $1,520,3552012Assets 2013: $1,664,564Liabilities 2013: $3,569Net Assets 2013: $1,660,9952013Assets 2014: $1,712,859Liabilities 2014: $4,239Net Assets 2014: $1,708,6202014Assets 2015: $1,760,219Liabilities 2015: $274Net Assets 2015: $1,759,9452015Assets 2016: $1,799,591Liabilities 2016: $106Net Assets 2016: $1,799,4852016Assets 2017: $2,004,607Liabilities 2017: $118Net Assets 2017: $2,004,4892017Assets 2018: $2,094,129Liabilities 2018: $134Net Assets 2018: $2,093,9952018Assets 2019: $2,281,937Liabilities 2019: $11,312Net Assets 2019: $2,270,6252019Assets 2020: $2,370,911Liabilities 2020: $6,584Net Assets 2020: $2,364,3272020Assets 2021: $2,757,521Liabilities 2021: $1,686Net Assets 2021: $2,755,8352021Assets 2022: $2,454,751Liabilities 2022: $515Net Assets 2022: $2,454,2362022Assets 2023: $2,534,947Liabilities 2023: $482Net Assets 2023: $2,534,4652023Assets 2024: $2,668,213Liabilities 2024: $115Net Assets 2024: $2,668,0982024Assets 2025: $2,910,240Liabilities 2025: $213Net Assets 2025: $2,910,0272025

Highlighted filing

2018

Assets$2,094,129
Liabilities$134
Net Assets$2,093,995

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2011: $1,271,328Expenses 2011: $1,320,651Net Income 2011: -$49,3232011Revenue 2012: $1,496,908Expenses 2012: $1,384,417Net Income 2012: $112,4912012Revenue 2013: $1,474,024Expenses 2013: $1,346,181Net Income 2013: $127,8432013Revenue 2014: $1,410,000Expenses 2014: $1,410,192Net Income 2014: -$1922014Revenue 2015: $1,451,872Expenses 2015: $1,350,912Net Income 2015: $100,9602015Revenue 2016: $1,427,319Expenses 2016: $1,365,888Net Income 2016: $61,4312016Revenue 2017: $1,361,580Expenses 2017: $1,221,157Net Income 2017: $140,4232017Revenue 2018: $1,332,056Expenses 2018: $1,238,524Net Income 2018: $93,5322018Revenue 2019: $1,353,065Expenses 2019: $1,205,205Net Income 2019: $147,8602019Revenue 2020: $1,367,715Expenses 2020: $1,271,279Net Income 2020: $96,4362020Revenue 2021: $1,397,005Expenses 2021: $1,310,659Net Income 2021: $86,3462021Revenue 2022: $1,238,153Expenses 2022: $1,123,912Net Income 2022: $114,2412022Revenue 2023: $1,203,744Expenses 2023: $1,204,572Net Income 2023: -$8282023Revenue 2024: $1,439,829Expenses 2024: $1,398,683Net Income 2024: $41,1462024Revenue 2025: $1,449,313Expenses 2025: $1,326,150Net Income 2025: $123,1632025

Highlighted filing

2018

Revenue$1,332,056
Expenses$1,238,524
Net Income$93,532
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 18, 2018
Return Version
2017v2.3
Gross Receipts
$1,332,056
Mission and Program Overview

Mission

The purpose of midwest kidney network is to assess and improve the quality of care provided to individuals with end stage renal disease.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,602,333$1,648,113▲ $45,780
Cash and Non-Interest-Bearing Accounts$192,626$227,105▲ $34,479
Savings and Temporary Cash Investments$206,230$216,345▲ $10,115
Land, Buildings, and Equipment, Net$2,993$2,136▼ $857
Total Assets$2,004,607$2,094,129▲ $89,522
Other Assets Total$425$430▲ $5
Liabilities
Other Liabilities$118$134▲ $16
Total Liabilities$118$134▲ $16
Net Assets / Fund Balance
Unrestricted Net Assets$2,004,489$2,093,995▲ $89,506
Total Net Assets Fund Balance$2,004,489$2,093,995▲ $89,506
Total Liabilities and Net Assets / Fund Balance$2,004,607$2,094,129▲ $89,522

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,136$197,132$199,268
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Diane CarlsonExecutive DiFT$122,451$7,004$129,455

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$1,262,153
Program Service Revenue
$0
Investment Income
$69,903
Other Revenue
$0
Change in Net Assets
$93,532

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,332,056
Revenue Not Reported on Form 990
$-4,026
Total Revenue per Audited Statements
$1,328,030
Total Revenue per Form 990
$1,332,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$944,099
Other Expenses$294,425
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$576,814$64,091-$640,905
Current Officers, Directors, Trustees, and Key Employees$111,401$12,378-$123,779
Occupancy$90,483$10,054-$100,537
Other Employee Benefits$70,003$7,778-$77,781
Travel$52,757$7,673-$60,430
Payroll Taxes$53,190$5,908-$59,098
Pension Plan Contributions$38,282$4,254-$42,536
Office Expenses$29,445$1,780-$31,225
Fees for Services Legal$12,871$2,500-$15,371
Fees for Services Accounting$8,627$958-$9,585
Insurance$7,842$871-$8,713
Other Expenses$5,232$656-$5,888
All Other Expenses$3,876$308-$4,184
Depreciation Depletion$771$87-$858
Total Functional Expenses$1,105,083$133,441$0$1,238,524

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,238,524
Total Expenses per Audited Statements$1,238,524
Total Expenses per Form 990$1,238,524
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$134
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

A copy of the 990 is provided to the board after filing for approval due to time constraints and scheduling of board meetings. The 990 is reviewed by the executive director before filing.

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

Enforcement is done on an annual basis by requiring employees and officers to report any conflicts or potential conflicts of interest. If the organization becomes aware of any conflicts of interest, the matter is dealt with on a per basis matter. Board members have to be excused on a per basis matter if they have any potential conflicts on board matters.

Form 990, Page 6, Part VI, Line 15A

All salaries are reviewed and approved by the funder 3 years in advance and all raises are approved by funder 3 years in advance. Periodically national salary surveys are conducted and compared against current and future salaries.

Form 990, Page 6, Part VI, Line 15B

All salaries are reviewed and approved by the funder 3 years in advance and all raises are approved by funder 3 years in advance. Periodically national salary surveys are conducted and compared against current and future salaries.

Form 990, Page 6, Part VI, Line 19

These documents are made available to the public upon request and subsequent approval by the executive director.

Filing and Contact Details

Filer

Filer Name
Midwest Kidney Network Inc
EIN
41-1313686
Phone
6516449877
Address
1360 ENERGY PARK DR SUITE 200, ST PAUL, MN 55108

Signing Officer

Name
Diane Carlson
Title
Executive Director
Phone
6516449877
Signed
2018-01-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Brandes Md
Formed
1978
Legal Domicile
Mn
Voting Board Members
10
Independent Board Members
10
Employees
11

Preparer

Firm
Lethert Skwira Schultz & Co Llp
Address
170 7TH PL E STE 100, SAINT PAUL, MN 55101-2361
Preparer
Robert R Gullick CPA
Phone
6512245721
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0216345
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0ANNUAL MEETING/ DATA REQUESTS 62,984
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01313290
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OTHER LIABILITIES
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 IS PROVIDED TO THE BOARD AFTER FILING FOR APPROVAL DUE TO TIME CONSTRAINTS AND SCHEDULING OF BOARD MEETINGS. THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENFORCEMENT IS DONE ON AN ANNUAL BASIS BY REQUIRING EMPLOYEES AND OFFICERS TO REPORT ANY CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST. IF THE ORGANIZATION BECOMES AWARE OF ANY CONFLICTS OF INTEREST, THE MATTER IS DEALT WITH ON A PER BASIS MATTER. BOARD MEMBERS HAVE TO BE EXCUSED ON A PER BASIS MATTER IF THEY HAVE ANY POTENTIAL CONFLICTS ON BOARD MATTERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL SALARIES ARE REVIEWED AND APPROVED BY THE FUNDER 3 YEARS IN ADVANCE AND ALL RAISES ARE APPROVED BY FUNDER 3 YEARS IN ADVANCE. PERIODICALLY NATIONAL SALARY SURVEYS ARE CONDUCTED AND COMPARED AGAINST CURRENT AND FUTURE SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL SALARIES ARE REVIEWED AND APPROVED BY THE FUNDER 3 YEARS IN ADVANCE AND ALL RAISES ARE APPROVED BY FUNDER 3 YEARS IN ADVANCE. PERIODICALLY NATIONAL SALARY SURVEYS ARE CONDUCTED AND COMPARED AGAINST CURRENT AND FUTURE SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AND SUBSEQUENT APPROVAL BY THE EXECUTIVE DIRECTOR.
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IRS990/TravelGrp/TotalAmt060430
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DIANE CARLSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum06516449877
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-01-18
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.91$0.00$2.91$1.45$1.33$0.12
2024Detailed filing. Detailed filing data is available for this year.$2.67$0.00$2.67$1.44$1.40$0.04
2023Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$1.20$1.20$0.00
2022Detailed filing. Detailed filing data is available for this year.$2.45$0.00$2.45$1.24$1.12$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.76$0.00$2.76$1.40$1.31$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.37$0.01$2.36$1.37$1.27$0.10
2019Detailed filing. Detailed filing data is available for this year.$2.28$0.01$2.27$1.35$1.21$0.15
2018Detailed filing. Detailed filing data is available for this year.$2.09$0.00$2.09$1.33$1.24$0.09
2017Summary only. Only limited summary data is available for this year.$2.00$0.00$2.00$1.36$1.22$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$1.43$1.37$0.06
2015Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$1.45$1.35$0.10
2014Detailed filing. Detailed filing data is available for this year.$1.71$0.00$1.71$1.41$1.41$0.00
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.66$0.00$1.66$1.47$1.35$0.13
2012Summary only. Only limited summary data is available for this year.$1.52$0.00$1.52$1.50$1.38$0.11
2011Summary only. Only limited summary data is available for this year.$1.40$0.00$1.40$1.27$1.32$0.05