Civic Intelligence

Sisu Medical Systems

990 • Fiscal year 2013 • EIN 41-1901561

Jan 01, 2013 to Dec 31, 2013 • Filed on Nov 10, 2014

5 West First Street Suite 20055802

(218) 529-7948

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.91x

Higher debt load relative to assets than 93% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Liabilities / Revenue

95th percentile

0.96x

Higher debt load relative to revenue than 95% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Net Margin

14th percentile

-24%

Higher net margin than 14% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

100th percentile

$232,797

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 58.4% of source-year revenue.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Asset Growth

2nd percentile

-92%

Faster asset growth than 2% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Down

$420,273

Down $4,690,525 (-92%) from 2012

Net Assets

Down

$36,630

Down $2,387,934 (-98%) from 2012

Liabilities

Down

$383,643

Down $2,302,591 (-86%) from 2012

Revenue

$398,578

No earlier filing loaded for comparison.

Expenses

Down

$493,190

Down $7,740,510 (-94%) from 2012

Net Income

-$94,612

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $5,543,581Liabilities 2010: $5,940,673Net Assets 2010: -$397,0922010Assets 2011: $5,508,847Liabilities 2011: $4,431,478Net Assets 2011: $1,077,3692011Assets 2012: $5,110,798Liabilities 2012: $2,686,234Net Assets 2012: $2,424,5642012Assets 2013: $420,273Liabilities 2013: $383,643Net Assets 2013: $36,6302013Assets 2014: $284,307Liabilities 2014: $274,386Net Assets 2014: $9,9212014Assets 2015: $66,430Liabilities 2015: $45,285Net Assets 2015: $21,1452015Assets 2016: $16,791Liabilities 2016: $20,4032016

Highlighted filing

2013

Assets$420,273
Liabilities$383,643
Net Assets$36,630

Operations Trend

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

$10M$5.0M$0-$5.0MExpenses 2010: $8,586,7772010Expenses 2011: $8,612,2322011Expenses 2012: $8,233,7002012Revenue 2013: $398,578Expenses 2013: $493,190Net Income 2013: -$94,6122013Revenue 2014: $425,287Expenses 2014: $451,996Net Income 2014: -$26,7092014Revenue 2015: $35,440Expenses 2015: $24,216Net Income 2015: $11,2242015Revenue 2016: $0Expenses 2016: $24,757Net Income 2016: -$24,7572016

Highlighted filing

2013

Revenue$398,578
Expenses$493,190
Net Income-$94,612
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Nov 10, 2014
Return Version
2013v3.0
Gross Receipts
$398,578
Mission and Program Overview

Mission

To provide medical software/computer network services to certain healthcare facilities in northern minnesota.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,293,312--
Savings and Temporary Cash Investments$491,725--
Other Notes and Loans Receivable, Net$428,259--
Accounts Receivable$1,236,279$213,981▼ $1,022,298
Cash and Non-Interest-Bearing Accounts$343,881$204,060▼ $139,821
Inventories for Sale or Use$27,940--
Prepaid Expenses and Deferred Charges$95,541$2,232▼ $93,309
Total Assets$5,110,798$420,273▼ $4,690,525
Other Assets Total$193,861$0▼ $193,861
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,155,574$0▼ $1,155,574
Accounts Payable and Accrued Expenses$1,430,632$354,429▼ $1,076,203
Deferred Revenue$100,028$29,214▼ $70,814
Total Liabilities$2,686,234$383,643▼ $2,302,591
Net Assets / Fund Balance
Unrestricted Net Assets$2,424,564$36,630▼ $2,387,934
Total Net Assets Fund Balance$2,424,564$36,630▼ $2,387,934
Total Liabilities and Net Assets / Fund Balance$5,110,798$420,273▼ $4,690,525
Compensation and Service Providers

Employees

NameTitleOtherTotal
Kris OlbergCIO$60,043$60,043

Board Members and Trustees

NameTitle
Dan OdegaardPresident
Mike HagenVice President
Al VogtDirector
Chad CooperDirector
Frank LawatschDirector
Jason DouglasDirector
John FossumDirector
John SolheimDirector
Kimber WraalstadDirector
Randy UlsethDirector
Scott NigonDirector
Steven MudlerDirector
Scott LeeCEO
Dan RabideauxFormer CFO
Rick BreuerSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Medical Information Technology INCSoftware Licensing And Implementation-$569,055
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$398,578
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-94,612
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$493,190
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Insurance-$19,578-$19,578
Other Expenses$6,077$121,131-$6,077
Interest$5,338--$5,338
Fees for Services Other-$3,768-$3,768
Fees for Services Accounting-$3,500-$3,500
Office Expenses$58$857-$915
Total Functional Expenses$294,746$198,444$0$493,190
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
Backup withholding compliance
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, Part VI, Section A, Line 6

Sisu medical systems is a nonprofit member corporation made up of 13 full members and 1 associate member. Each unrelated full member has one seat on the board of directors and one vote.

Form 990, Part VI, Section A, Line 7A

Sisu medical systems is a nonprofit member corporation made up of 13 full members and 1 associate member. Each unrelated full member has one seat on the board of directors and one vote.

Form 990, Part VI, Section A, Line 7B

Sisu medical systems is a nonprofit member corporation made up of 13 full members and 1 associate member. Each unrelated full member has one seat on the board of directors and one vote.

Form 990, Part VI, Section B, Line 11

The 990 is reviewed by the finance committee prior to filing.

Form 990, Part VI, Section B, Line 12C

Purpose of conflict of interest: to establish guidelines regarding the acceptance or solicitation of gifts, merchandise samples or other gratuities by employees of sisu from patients, visitors, and representatives of commercial concerns doing business or wanting to do business with sisu or its members. This policy is not intended to be exclusive and additional laws, regulations, and policies may be implicated in a given conflict of interest situation. The employees of sisu medical solutions or sisu medical systems (hereafter collectively referred to as sisu) serve the interest of its members and therefore have a responsibility to avoid activities and situations which, either actually or could be perceived to put personal interests before professional obligations. Policy: it is the responsibility of each employee to comply with the guidelines of the policy. The directors and managers will be responsible for the enforcement of the policy. Procedure: 1. Sisu medical systems employees may not solicit or accept monetary gifts that would suggest or create an obligation of the organization. 2. Under no circumstances should any gift or gratuity be accepted which would influence or could be perceived to influence the employee's professional judgment. 3. Employees may not accept or solicit samples of merchandise for their personal use nor may they accept money from patients or the general public for their services as a sisu employee. 4. Non-monetary unsolicited gifts of insignificant value (e.g., calendars, pens, pencil, rules and scratch pads) may be accepted by employees if offered freely and do not imply future obligation. 5. Flowers, cards, candy, fruit or other similar expressions of appreciation which do not imply future obligations may be accepted on behalf of sisu and shared with sisu employees. 6. Vendor provided activities, such as sporting events, golf, plays, fishing, hunting, etc. Are not permissible unless approved by a director. Leisure activities, on employees own time, will be limited to 2 events per year with approval from a director. 7. Business lunches and dinners offered by a vendor that sisu is currently doing business with, may be accepted by an employee when they are reasonable, are associated with a bona fide business meeting, and are provided by the vendor to others as a normal part of its business. Any excessive meals or entertainment paid for by a vendor may not be accepted. 8. Vendor-supported training. - sisu employees may participate in vendor-sponsored training where the training is directly related to product or services currently being used by sisu or its members. A. If specifically addressed in a written contract between sisu or its members and the vendor, the employee is allowed to accept payment for the training course, travel, lodging, etc. 9. Sisu employees may not accept payment or reimbursement for registration fees, or related travel or lodging, for general trade or professional association conferences from current or prospective vendors. 10. An employee who receives a gift prohibited by these guidelines, or is offered payment or reimbursement of registration fee, or related travel or lodging, should report that information to his/her immediate supervisor. A decision will be made by management to resolve the conflict. The organization's officers, directors, and key employees are reminded annually of the conflict of interest policy.

Form 990, Part VI, Section B, Line 15

The organization does not compensate any officers or key employees.

Form 990, Part VI, Section C, Line 18

Forms 1023 & 990 are available upon request for the same period of disclosure as set forth in section 6104(d).

Form 990, Part VI, Section C, Line 19

Financial statements, conflict of interest policy and governing documents not made available to the public.

Filing and Contact Details

Filer

EIN
41-1901561
Phone
2185297948

Signing Officer

Name
Kevin Boerboom
Title
Interim CFO
Phone
2185297948
Signed
2014-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Lee
Formed
1997
Legal Domicile
Mn
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
0

Preparer

Preparer
Julie Boyer
Phone
2187275025
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Distribution to member organizations -2,293,322.

Raw XML AppendixShowing 400 of 494 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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IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine10SISU MEDICAL SOLUTIONS LLC
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02013-01-01
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SISU MEDICAL SYSTEMS IS A NONPROFIT MEMBER CORPORATION MADE UP OF 13 FULL MEMBERS AND 1 ASSOCIATE MEMBER. EACH UNRELATED FULL MEMBER HAS ONE SEAT ON THE BOARD OF DIRECTORS AND ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SISU MEDICAL SYSTEMS IS A NONPROFIT MEMBER CORPORATION MADE UP OF 13 FULL MEMBERS AND 1 ASSOCIATE MEMBER. EACH UNRELATED FULL MEMBER HAS ONE SEAT ON THE BOARD OF DIRECTORS AND ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SISU MEDICAL SYSTEMS IS A NONPROFIT MEMBER CORPORATION MADE UP OF 13 FULL MEMBERS AND 1 ASSOCIATE MEMBER. EACH UNRELATED FULL MEMBER HAS ONE SEAT ON THE BOARD OF DIRECTORS AND ONE VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 990 IS REVIEWED BY THE FINANCE COMMITTEE PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PURPOSE OF CONFLICT OF INTEREST: TO ESTABLISH GUIDELINES REGARDING THE ACCEPTANCE OR SOLICITATION OF GIFTS, MERCHANDISE SAMPLES OR OTHER GRATUITIES BY EMPLOYEES OF SISU FROM PATIENTS, VISITORS, AND REPRESENTATIVES OF COMMERCIAL CONCERNS DOING BUSINESS OR WANTING TO DO BUSINESS WITH SISU OR ITS MEMBERS. THIS POLICY IS NOT INTENDED TO BE EXCLUSIVE AND ADDITIONAL LAWS, REGULATIONS, AND POLICIES MAY BE IMPLICATED IN A GIVEN CONFLICT OF INTEREST SITUATION. THE EMPLOYEES OF SISU MEDICAL SOLUTIONS OR SISU MEDICAL SYSTEMS (HEREAFTER COLLECTIVELY REFERRED TO AS SISU) SERVE THE INTEREST OF ITS MEMBERS AND THEREFORE HAVE A RESPONSIBILITY TO AVOID ACTIVITIES AND SITUATIONS WHICH, EITHER ACTUALLY OR COULD BE PERCEIVED TO PUT PERSONAL INTERESTS BEFORE PROFESSIONAL OBLIGATIONS. POLICY: IT IS THE RESPONSIBILITY OF EACH EMPLOYEE TO COMPLY WITH THE GUIDELINES OF THE POLICY. THE DIRECTORS AND MANAGERS WILL BE RESPONSIBLE FOR THE ENFORCEMENT OF THE POLICY. PROCEDURE: 1. SISU MEDICAL SYSTEMS EMPLOYEES MAY NOT SOLICIT OR ACCEPT MONETARY GIFTS THAT WOULD SUGGEST OR CREATE AN OBLIGATION OF THE ORGANIZATION. 2. UNDER NO CIRCUMSTANCES SHOULD ANY GIFT OR GRATUITY BE ACCEPTED WHICH WOULD INFLUENCE OR COULD BE PERCEIVED TO INFLUENCE THE EMPLOYEE'S PROFESSIONAL JUDGMENT. 3. EMPLOYEES MAY NOT ACCEPT OR SOLICIT SAMPLES OF MERCHANDISE FOR THEIR PERSONAL USE NOR MAY THEY ACCEPT MONEY FROM PATIENTS OR THE GENERAL PUBLIC FOR THEIR SERVICES AS A SISU EMPLOYEE. 4. NON-MONETARY UNSOLICITED GIFTS OF INSIGNIFICANT VALUE (E.G., CALENDARS, PENS, PENCIL, RULES AND SCRATCH PADS) MAY BE ACCEPTED BY EMPLOYEES IF OFFERED FREELY AND DO NOT IMPLY FUTURE OBLIGATION. 5. FLOWERS, CARDS, CANDY, FRUIT OR OTHER SIMILAR EXPRESSIONS OF APPRECIATION WHICH DO NOT IMPLY FUTURE OBLIGATIONS MAY BE ACCEPTED ON BEHALF OF SISU AND SHARED WITH SISU EMPLOYEES. 6. VENDOR PROVIDED ACTIVITIES, SUCH AS SPORTING EVENTS, GOLF, PLAYS, FISHING, HUNTING, ETC. ARE NOT PERMISSIBLE UNLESS APPROVED BY A DIRECTOR. LEISURE ACTIVITIES, ON EMPLOYEES OWN TIME, WILL BE LIMITED TO 2 EVENTS PER YEAR WITH APPROVAL FROM A DIRECTOR. 7. BUSINESS LUNCHES AND DINNERS OFFERED BY A VENDOR THAT SISU IS CURRENTLY DOING BUSINESS WITH, MAY BE ACCEPTED BY AN EMPLOYEE WHEN THEY ARE REASONABLE, ARE ASSOCIATED WITH A BONA FIDE BUSINESS MEETING, AND ARE PROVIDED BY THE VENDOR TO OTHERS AS A NORMAL PART OF ITS BUSINESS. ANY EXCESSIVE MEALS OR ENTERTAINMENT PAID FOR BY A VENDOR MAY NOT BE ACCEPTED. 8. VENDOR-SUPPORTED TRAINING. - SISU EMPLOYEES MAY PARTICIPATE IN VENDOR-SPONSORED TRAINING WHERE THE TRAINING IS DIRECTLY RELATED TO PRODUCT OR SERVICES CURRENTLY BEING USED BY SISU OR ITS MEMBERS. A. IF SPECIFICALLY ADDRESSED IN A WRITTEN CONTRACT BETWEEN SISU OR ITS MEMBERS AND THE VENDOR, THE EMPLOYEE IS ALLOWED TO ACCEPT PAYMENT FOR THE TRAINING COURSE, TRAVEL, LODGING, ETC. 9. SISU EMPLOYEES MAY NOT ACCEPT PAYMENT OR REIMBURSEMENT FOR REGISTRATION FEES, OR RELATED TRAVEL OR LODGING, FOR GENERAL TRADE OR PROFESSIONAL ASSOCIATION CONFERENCES FROM CURRENT OR PROSPECTIVE VENDORS. 10. AN EMPLOYEE WHO RECEIVES A GIFT PROHIBITED BY THESE GUIDELINES, OR IS OFFERED PAYMENT OR REIMBURSEMENT OF REGISTRATION FEE, OR RELATED TRAVEL OR LODGING, SHOULD REPORT THAT INFORMATION TO HIS/HER IMMEDIATE SUPERVISOR. A DECISION WILL BE MADE BY MANAGEMENT TO RESOLVE THE CONFLICT. THE ORGANIZATION'S OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REMINDED ANNUALLY OF THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION DOES NOT COMPENSATE ANY OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORMS 1023 & 990 ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS NOT MADE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DISTRIBUTION TO MEMBER ORGANIZATIONS -2,293,322.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9:
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