Liabilities / Assets
94th percentile
Higher debt load relative to assets than 94% of similar nonprofits.
Sisu Medical Systems
EIN 41-1901561 • 501(c)3 • Duluth, MN
Profile
To provide medical software/computer network services to certain healthcare facilities in northern minnesota.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
1.22x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on the latest valid filing.
Top Officer Pay
81st percentile
Higher top officer pay than 81% of similar nonprofits.
Asset Growth
15th percentile
Faster asset growth than 15% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$16,791
Down $49,639 (-75%) from 2015
Liabilities
Down$20,403
Down $24,882 (-55%) from 2015
Net Assets
-
No earlier filing loaded for comparison.
Revenue
Down$0
Down $35,440 (-100%) from 2015
Expenses
Up$24,757
Up $541 (+2.2%) from 2015
Net Income
Down-$24,757
Down $35,981 (-321%) from 2015
Trend Graphs
Filings
Most recent year
2016 • Form 990EZSummary only. Only limited summary data is available for this year.
- Assets
- $16,791
- Liabilities
- $20,403
- Net assets
- -
- Revenue
- $0
- Expenses
- $24,757
- Net income
- -$24,757
Latest Detailed Filing
The latest 2016 filing currently has summary financial data only. Showing the latest detailed filing from 2015 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Aug 5, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $35,440
Mission and Program Overview
Mission
To provide medical software/computer network services to certain healthcare facilities in northern minnesota.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SISU MEDICAL SYSTEMS IS A 13 MEMBER CORPORATION ENGAGED PRIMARILY IN THE BUSINESS OF PROVIDING MEDICAL SOFTWARE/COMPUTER NETWORK SERVICES TO CERTAIN NOT FOR PROFIT AND GOVERNMENTAL HEALTHCARE ORGANIZATIONS LOCATED PRIMARILY IN NORTHERN MINNESOTA. THE CORPORATION ALSO SERVES THE MEMBERS AND THEIR COMMUNITIES BY PROVIDING THE MEMBERS THE OPPORTUNITY TO POOL BUYING POWER IN ORDER TO PURCHASE HARDWARE AND SOFTWARE AT PRICING THAT IS COMPETITIVE WITH LARGER HEALTHCARE ORGANIZATIONS. | $0 | $7,875 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| RANDY ULSETH | Director | - | $0 | - | - |
| STEVEN MULDER | Director | - | $0 | - | - |
| FRANK LAWATCH | Director | - | $0 | - | - |
| CHAD COOPER | Director | - | $0 | - | - |
| KIMBER WRAALSTAD | Director | - | $0 | - | - |
| JOHN SOLHEIM | Director | - | $0 | - | - |
| AARON SAUDE | Director | - | $0 | - | - |
| KEVIN MCARDLE | CRO | - | $0 | - | - |
| TERESA DEBEVEK | Director | - | $0 | - | - |
| SCOTT LEE | CEO | - | $0 | - | - |
| KRIS OLBERG | CIO/CTO | - | $0 | - | - |
| KEVIN BOERBOOM | Interim CFO | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Sisu Medical Systems
- EIN
- 41-1901561
- Phone
- 2185297948
- Address
- 5 WEST FIRST STREET SUITE 200, DULUTH, MN 55802
Signing Officer
- Name
- Kevin Boerboom
- Title
- Interim CFO
- Phone
- 2185297948
- Signed
- 2016-08-05
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Rsm US Llp
- Address
- 227 W FIRST ST STE 700, DULUTH, MN 55802-1926
- Preparer
- Julie Boyer
- Phone
- 2187275025
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8 - Other Revenue
“Description: other non-operating income. Amount: 35,440.”
Form 990-ez, Part I, Line 16 - Other Expenses
“Description: cost of goods sold - maintenance contracts. Amount: 1,575. Description: insurance expense. Amount: 3,869. Description: cogs software. Amount: 6,300. Total to form 990-ez, line 16: 11,744.”
Form 990-ez, Part II, Line 24 - Other Assets
“Description: accounts receivable. Beg. Of year amount: 45,182. End of year amount: 8,374. Description: prepaid expenses. Beg. Of year amount: 1,803. End of year amount: 1,538. Description: inventory. Beg. Of year amount: 5,343. End of year amount: 0.”
Form 990-ez, Part II, Line 26 - Other Liabilities
“Description: accounts payable. Beg. Of year amount: 254,557. End of year amount: 45,285. Description: deferred revenue. Beg. Of year amount: 19,829. End of year amount: 0.”
Raw XML Appendix178 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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| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE MEDICAL SOFTWARE/COMPUTER NETWORK SERVICES TO CERTAIN HEALTHCARE FACILITIES IN NORTHERN MINNESOTA. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DESCRIPTION: OTHER NON-OPERATING INCOME. AMOUNT: 35,440. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 45,182. END OF YEAR AMOUNT: 8,374. DESCRIPTION: PREPAID EXPENSES. BEG. OF YEAR AMOUNT: 1,803. END OF YEAR AMOUNT: 1,538. DESCRIPTION: INVENTORY. BEG. OF YEAR AMOUNT: 5,343. END OF YEAR AMOUNT: 0. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 254,557. END OF YEAR AMOUNT: 45,285. DESCRIPTION: DEFERRED REVENUE. BEG. OF YEAR AMOUNT: 19,829. END OF YEAR AMOUNT: 0. |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS |
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| TransferPrsnlBnftContractsDecl/DeclarationDesc | 0 | THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT. |
| ReturnHeader/BuildTS | 0 | 2016-12-15 16:53:06Z |
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| ReturnHeader/ReturnTs | 0 | 2016-08-22T13:13:38-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
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| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.