Civic Intelligence

Midwest Transplant Network Inc.

990 • Fiscal year 2017 • EIN 43-1016328

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 15, 2018

1900 West 47th Place Suite 400Westwood, KS 66205

(913) 262-1668

Siviq Scores

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

Liabilities / Assets

21st percentile

0.08x

Higher debt load relative to assets than 21% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.16x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Net Margin

67th percentile

9.7%

Higher net margin than 67% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Top Officer Pay

47th percentile

$444,494

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2017

Asset Growth

74th percentile

12%

Faster asset growth than 74% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Revenue Growth

63rd percentile

8.9%

Faster revenue growth than 63% of similar nonprofits.

2017 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2016 to 2017

Assets

Up

$100,179,599

Up $10,902,192 (+12%) from 2016

Net Assets

Up

$92,128,747

Up $9,656,171 (+12%) from 2016

Liabilities

Up

$8,050,852

Up $1,246,021 (+18%) from 2016

Revenue

Up

$50,081,523

Up $4,098,336 (+8.9%) from 2016

Expenses

Up

$45,199,457

Up $4,747,134 (+12%) from 2016

Net Income

Down

$4,882,066

Down $648,798 (-12%) from 2016

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $40,369,180Liabilities 2010: $4,023,301Net Assets 2010: $36,345,8792010Assets 2011: $46,992,263Liabilities 2011: $4,132,166Net Assets 2011: $42,860,0972011Assets 2012: $57,330,393Liabilities 2012: $4,847,337Net Assets 2012: $52,483,0562012Assets 2013: $71,961,848Liabilities 2013: $6,900,795Net Assets 2013: $65,061,0532013Assets 2014: $87,521,402Liabilities 2014: $15,296,485Net Assets 2014: $72,224,9172014Assets 2015: $87,845,522Liabilities 2015: $12,760,167Net Assets 2015: $75,085,3552015Assets 2016: $89,277,407Liabilities 2016: $6,804,831Net Assets 2016: $82,472,5762016Assets 2017: $100,179,599Liabilities 2017: $8,050,852Net Assets 2017: $92,128,7472017Assets 2018: $101,115,017Liabilities 2018: $8,091,047Net Assets 2018: $93,023,9702018Assets 2019: $118,578,207Liabilities 2019: $8,783,545Net Assets 2019: $109,794,6622019Assets 2020: $47,911,433Liabilities 2020: $10,203,949Net Assets 2020: $37,707,4842020Assets 2021: $67,214,213Liabilities 2021: $22,120,865Net Assets 2021: $45,093,3482021Assets 2022: $79,148,034Liabilities 2022: $18,894,098Net Assets 2022: $60,253,9362022Assets 2023: $82,448,322Liabilities 2023: $17,900,930Net Assets 2023: $64,547,3922023Assets 2024: $88,518,813Liabilities 2024: $18,751,267Net Assets 2024: $69,767,5462024

Highlighted filing

2017

Assets$100,179,599
Liabilities$8,050,852
Net Assets$92,128,747

Operations Trend

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

$100M$50M$0Expenses 2010: $25,777,7922010Expenses 2011: $28,088,1712011Revenue 2012: $36,434,482Expenses 2012: $28,946,734Net Income 2012: $7,487,7482012Revenue 2013: $39,535,371Expenses 2013: $32,577,606Net Income 2013: $6,957,7652013Revenue 2014: $37,679,606Expenses 2014: $33,599,551Net Income 2014: $4,080,0552014Revenue 2015: $39,467,458Expenses 2015: $35,807,560Net Income 2015: $3,659,8982015Revenue 2016: $45,983,187Expenses 2016: $40,452,323Net Income 2016: $5,530,8642016Revenue 2017: $50,081,523Expenses 2017: $45,199,457Net Income 2017: $4,882,0662017Revenue 2018: $59,526,056Expenses 2018: $52,796,879Net Income 2018: $6,729,1772018Revenue 2019: $68,153,762Expenses 2019: $61,237,830Net Income 2019: $6,915,9322019Revenue 2020: $72,590,509Expenses 2020: $69,076,651Net Income 2020: $3,513,8582020Revenue 2021: $83,249,135Expenses 2021: $75,863,271Net Income 2021: $7,385,8642021Revenue 2022: $96,657,213Expenses 2022: $81,496,625Net Income 2022: $15,160,5882022Revenue 2023: $82,926,635Expenses 2023: $78,633,216Net Income 2023: $4,293,4192023Revenue 2024: $94,222,888Expenses 2024: $89,124,522Net Income 2024: $5,098,3662024

Highlighted filing

2017

Revenue$50,081,523
Expenses$45,199,457
Net Income$4,882,066
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 15, 2018
Return Version
2017v2.3
Gross Receipts
$64,847,547
Mission and Program Overview

Mission

See schedule o for additional information

Saving lives by honoring the gift of organ and tissue donation with dignity and compassion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$53,246,983$65,511,450▲ $12,264,467
Land, Buildings, and Equipment, Net$20,336,368$19,377,262▼ $959,106
Accounts Receivable$9,640,650$9,824,352▲ $183,702
Cash and Non-Interest-Bearing Accounts$3,615,602$4,027,794▲ $412,192
Savings and Temporary Cash Investments$1,524,179$618,508▼ $905,671
Prepaid Expenses and Deferred Charges$288,398$281,219▼ $7,179
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$89,279,185$100,179,599▲ $10,900,414
Other Assets Total$627,005$539,014▼ $87,991
Liabilities
Accounts Payable and Accrued Expenses$6,518,348$7,725,749▲ $1,207,401
Other Liabilities$238,261$275,103▲ $36,842
Tax Exempt Bond Liabilities$50,000$50,000→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$6,806,609$8,050,852▲ $1,244,243
Net Assets / Fund Balance
Unrestricted Net Assets$82,472,576$92,128,747▲ $9,656,171
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$82,472,576$92,128,747▲ $9,656,171
Total Liabilities and Net Assets / Fund Balance$89,279,185$100,179,599▲ $10,900,414

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,384,917$6,074,038$22,458,955
Equipment$1,390,527$5,473,601$6,864,128
Land$1,410,637-$1,410,637
Leasehold Improvements$158,734$91,207$249,941
Other Land Buildings$32,447-$32,447
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jan FinnPresident, CEOFT$264,732$179,762$444,494
Rob LindererPresident, CEOFT$187,440$194,463$381,903
Jim BoydTreasurer, CFOFT$200,643$107,033$307,676
Lori MarkhamVP, COOFT$183,246$117,659$300,905
Tina KirschSecretary, CAOFT$181,731$82,564$264,295
Hiedi McclellandCorporate Strategic DevelopmenFT$143,366$116,256$259,622
Jami GleasonSr. Director, Business SystemsFT$132,264$71,093$203,357
Brian LundeDirector, Information ServcesFT$141,153$57,647$198,800
Scott McdonaldDirector, LaboratoryFT$133,936$63,305$197,241
Sarah OlandSr. Director, HospitalFT$125,412$45,774$171,186
Taba KheradmandHla Laboratory DirectorFT$139,175$30,294$169,469
Melissa OttSr Director, Organ ProcurementFT$118,524$43,866$162,390
Jessica StefekDirector, Wichita OperationsFT$113,400$44,551$157,951
Gary Duncan LfacheDirector-$2,000-$2,000
Richard Muther MdDirector-$1,700-$1,700
David TheisDirector-$1,600-$1,600
Ken PowellDirector-$1,500-$1,500
Michael Hettinger MdDirector-$1,100-$1,100
Michael R DunawayDirector-$1,000-$1,000
Stevan Whitt MdDirector-$1,000-$1,000
Brad Warrady MdDirector-$900-$900
Sarah Oakley Rn MsnDirector-$900-$900
A Michael Borkon MdDirector-$700-$700
Barbara Macarthur Rn MsnDirector-$600-$600
Michael Moncure MdDirector-$600-$600
Thomas Crouch MdDirector-$600-$600
Thomas H Estep MdDirector-$600-$600
Steve Reintjes MdDirector-$500-$500

Highest Paid Contractors

ContractorServicesLocationCompensation
Air Associates INCAir Charter12901 151ST STREET SUITE B, Olathe, KS 66062$493,681
Textron Aviation INCAviation Maintenance23260 NETWORK PLACE, Chicago, IL 60673-1232$298,524
Kansas University Physicians INCMedical3901 RAINBOW BLVD 4070 DELP, Kansas City, KS 66160-7816$289,955
LifelogicsSoftware & Licensing54 SCOTT ADAM ROAD 101, Cockeysville, MD 21030$230,091
Saint Lukes Physician SpecialistsMedical4401 WORNALL RD, Kansas City, MO 64111-3220$166,017
Revenue and Support

Revenue Composition

Contributions and Grants
$45,727
Program Service Revenue
$48,118,832
Investment Income
$2,458,521
Other Revenue
$-541,557
All Other Contributions
$45,727
Change in Net Assets
$4,882,066

Audited Revenue Reconciliation

Revenue per Audited Statements
$49,929,496
Revenue Not Reported on Financial Statements
$152,027
Revenue Not Reported on Form 990
$6,029,147
Total Revenue per Audited Statements
$55,958,643
Total Revenue per Form 990
$50,081,523
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$26,946,398
Salaries, Compensation, and Employee Benefits$18,110,259
Grants and Similar Amounts Paid$142,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$13,477,264--$13,477,264
Other Salaries and Wages$9,525,988$2,402,045-$11,928,033
Other Expenses$4,795,453--$4,795,453
Travel$3,274,820$154,478-$3,429,298
Current Officers, Directors, Trustees, and Key Employees$2,131,902$284,400-$2,416,302
Other Employee Benefits$1,266,360$312,910-$1,579,270
Depreciation Depletion$265,739$982,156-$1,247,895
Pension Plan Contributions$975,715$224,844-$1,200,559
Office Expenses$624,457$542,515-$1,166,972
Information Technology-$1,018,437-$1,018,437
Payroll Taxes$801,417$184,678-$986,095
Occupancy$366,206$256,041-$622,247
Advertising$405,974--$405,974
Insurance$203,885$46,983-$250,868
Conferences and Meetings$131,214$89,276-$220,490
Fees for Service Investment Mgmnt Fees-$152,027-$152,027
Grants to Domestic Orgs$142,800--$142,800
Fees for Services Legal-$96,616-$96,616
Fees for Services Accounting-$61,336-$61,336
Interest-$1,521-$1,521
Total Functional Expenses$38,389,194$6,810,263$0$45,199,457

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$46,302,472
Total Expenses per Form 990$45,199,457
Expenses per Audited Statements$45,047,430
Expenses Not Reported on Form 990$1,255,042
Expenses Not Reported on Financial Statements$152,027
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Gift of LifePhiladelphia, PA501(c)(3)General Support$43,500
Transplant Games of AmericaGrand Rapids, MI501(c)(3)Sponsorship$18,000
Association of Organ Procurement OrganizationsVienna, VA501(c)(3)General Support$12,000
Gift of Life IncOverland Park, KS501(c)(3)General Support$10,000
One LegacyPlacentia, CA501(c)(3)Parade Float Sponsorship$10,000
The Organ Donation and Transplant AllianceFloral Gables, FL501(c)(3)General Support$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Airplane Lease Valuation Reserves$219,620
Tenant Deposits$55,483

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Westwood Kansas2014-01-22$8,000,000SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$8,000,000$0$7,950,000$0

Bond Financing Compliance

Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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, Part VI, Section B, Line 11B

The organization engages an outside accounting firm to prepare its form 990. Once the form 990 is prepared by the accounting firm and reiewed by management, the final form is provided to the entire board of directors at a regularly scheduled board meeting prior to filing. Questions and comments raised during the meeting regarding the final form 990 are addressed prior to filing.

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

All board members and employees are required to complete annual corporate compliance training, which includes the conflict of interest policy and a written test. The corporate compliance program is audited annually. Any conflicts of interest are determined and reviewed by the board chair and outside legal counsel. If it is determined that a board member has a conflict of interest, the board member must abstain from voting on any issue related to the conflict.

Form 990, Part VI, Section B, Line 15A & 15B

Midwest transplant network engages an independent firm to survey executive and key employee compensation every three years. In addition, the organization uses a salary survey provided by the association for organ procurement organizations every two years. This information is provided to the compensation committee for their annual review of executive and key employee compensation, pay increases and benefits on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy, and financial statements are not available to the public.

Filing and Contact Details

Filer

Filer Name
Midwest Transplant Network Inc
EIN
43-1016328
In Care Of
% JAMES BOYD
Phone
9132621668
Address
1900 WEST 47TH PLACE SUITE 400, WESTWOOD, KS 66205

Signing Officer

Name
Jan Finn
Title
CEO
Phone
9132621668
Signed
2018-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jan Finn
Formed
1973
Legal Domicile
Ks
Voting Board Members
15
Independent Board Members
15
Employees
207
Volunteers
90

Preparer

Firm
Bkd Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
Kevin R Ensminger CPA
Phone
8162216300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Lines 1, 4A, 4B, & 4C

Midwest transplant network (mtn) first began operation as midwest organ bank in 1973. Initially incorporated as a not-for-profit, community-based tissue typing laboratory and kidney recovery program by physicians dedicated to the care and treatment of end state renal disease patients, we became one of the nation's first independent organ procurement organizations (opo). After the passage of the 1984 national organ transplant act, the health care finance administration (hcfa) certified our organization as an opo and designated an exclusive service area that included the state of kansas and more than 60 counties in central and western missouri. Within our donation service area (dsa), we serve a population of 5.5 million and have service contracts with approximately 230 hospitals. Five of those hospitals are transplant centers and include the children's mercy hospital, research medical center, saint luke's hospital, university hospital (columbia, mo), and the university of kansas hospital. At the urging of hospitals in our area, we expanded the scope of services to include tissue and eye recovery and in 1999 changed our name to midwest transplant network to better describe the expanded nature of the services provided. Mtn is a member of the united network for organ sharing (unos) and participates in the organ procurement and transplant network (optn) that is overseen by the u.s. Department of health and human services health resources services administration (hrsa). Governance of the organization is provided by a governing board which is comprised of business leaders, physicians, and members of the community. An advisory board of individuals with experience and expertise in donation, transplantation, healthcare and other disciplines provides advice to the governing board for specific areas of policy development. General responsibility for the organization is delegated to the chief executive officer. Mtn's primary puropse is to facilitate the organ and tissue donation process when a person dies at a hospital within the service area. In accordance with legal and regulatory requirements, mtn's highly trained staff work with physicians to evaluate the potential for donation of organs, tissues and eyes to determine if they are suitable for transplantation, research or medical study. Appropriate consents or authorizations are obtained and the process to complete the recovery of donated gifts in initiated. After death is pronounced, the potential donor is treated to ensure that organ function is maintained prior to recovery. In accordance with unos policy, organ recipients are identified, the surgical recovery is completed, and organs are distributed to the transplant programs. Vital organs for transplant include heart, lung, liver, kidney, pancreas, and small bowel. As required by the fda under the human cells, tissues, and cellular and tissue-based products (hct/ps) regulations, mtn is registered as a tissue establishment and undergoes regular inspections. Mtn works under contract wih several tissue processors, eye banks and research organizations to recover tissues for transplant, and recover tissues and organs for research. Tissues for transplan include skin, bone, connective tissue, blood vessels, heart valves, cornea, and eyes. Research organs and tissues may include those listed or others specified by the researcher. The tissue banks we contract with give priority access to tissue from our donors to hospitals located in our service area. These tissue banks include musculoskeletal tarnsplant foundation, rti donor services, cryolice, lifenet, iiam and national disease research interchange. Mtn works collaboratively with saving sight and the kansas eye bank and research center to maximize the gift of eye and cornea donation. Mtn is an accredited member of the american association of tissue banks (aatb). Public education and awareness about the critical need for donation and transplantation is an important goal of our organization. M

Form 990 Part IX Line 11G

Description:donor hospital fees total fees:8592503

Form 990 Part IX Line 11G

Description:surgeon & other medical fees total fees:2289667

Form 990 Part IX Line 11G

Description:non-dsa recovery fees total fees:1934268

Form 990 Part IX Line 11G

Description:registry fees total fees:660826

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax posistions under the guidance included in asc 740. Based on thier review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part XI, Line 2D

Rental expenses $1,255,042

Schedule D, Part XII, Line 2D

Rental expenses $1,255,042

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IRS990/Form990PartVIISectionAGrp/TitleTxt19TREASURER, CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt20CORPORATE STRATEGIC DEVELOPMEN
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IRS990/Form990PartVIISectionAGrp/TitleTxt22SR. DIRECTOR, BUSINESS SYSTEMS
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR, WICHITA OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR, INFORMATION SERVCES
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR, LABORATORY
IRS990/Form990PartVIISectionAGrp/TitleTxt26SR. DIRECTOR, HOSPITAL
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$88.5$18.8$69.8$94.2$89.1$5.10
2023Detailed filing. Detailed filing data is available for this year.$82.4$17.9$64.5$82.9$78.6$4.29
2022Detailed filing. Detailed filing data is available for this year.$79.1$18.9$60.3$96.7$81.5$15.2
2021Detailed filing. Detailed filing data is available for this year.$67.2$22.1$45.1$83.2$75.9$7.39
2020Detailed filing. Detailed filing data is available for this year.$47.9$10.2$37.7$72.6$69.1$3.51
2019Detailed filing. Detailed filing data is available for this year.$119$8.78$110$68.2$61.2$6.92
2018Detailed filing. Detailed filing data is available for this year.$101$8.09$93.0$59.5$52.8$6.73
2017Detailed filing. Detailed filing data is available for this year.$100$8.05$92.1$50.1$45.2$4.88
2016Detailed filing. Detailed filing data is available for this year.$89.3$6.80$82.5$46.0$40.5$5.53
2015Detailed filing. Detailed filing data is available for this year.$87.8$12.8$75.1$39.5$35.8$3.66
2014Detailed filing. Detailed filing data is available for this year.$87.5$15.3$72.2$37.7$33.6$4.08
2013Detailed filing. Detailed filing data is available for this year.$72.0$6.90$65.1$39.5$32.6$6.96
2012Summary only. Only limited summary data is available for this year.$57.3$4.85$52.5$36.4$28.9$7.49
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$47.0$4.13$42.9$28.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.4$4.02$36.3$25.8