Civic Intelligence

Midwest Transplant Network Inc.

990 • Fiscal year 2018 • EIN 43-1016328

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 15, 2019

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

22nd percentile

0.08x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.14x

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

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Net Margin

69th percentile

11%

Higher net margin than 69% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

50th percentile

$474,104

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2018

Asset Growth

39th percentile

0.9%

Faster asset growth than 39% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

78th percentile

19%

Faster revenue growth than 78% of similar nonprofits.

2018 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Up

$101,115,017

Up $935,418 (+0.9%) from 2017

Net Assets

Up

$93,023,970

Up $895,223 (+1.0%) from 2017

Liabilities

Up

$8,091,047

Up $40,195 (+0.5%) from 2017

Revenue

Up

$59,526,056

Up $9,444,533 (+19%) from 2017

Expenses

Up

$52,796,879

Up $7,597,422 (+17%) from 2017

Net Income

Up

$6,729,177

Up $1,847,111 (+38%) from 2017

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

2018

Assets$101,115,017
Liabilities$8,091,047
Net Assets$93,023,970

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

2018

Revenue$59,526,056
Expenses$52,796,879
Net Income$6,729,177
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 15, 2019
Return Version
2018v3.1
Gross Receipts
$72,907,684
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$65,511,450$63,744,088▼ $1,767,362
Land, Buildings, and Equipment, Net$19,377,262$19,934,651▲ $557,389
Accounts Receivable$9,824,352$13,193,484▲ $3,369,132
Cash and Non-Interest-Bearing Accounts$4,027,794$3,422,550▼ $605,244
Savings and Temporary Cash Investments$618,508$0▼ $618,508
Prepaid Expenses and Deferred Charges$281,219$299,732▲ $18,513
Intangible Assets$0$42,077▲ $42,077
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
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$100,179,599$101,115,017▲ $935,418
Other Assets Total$539,014$478,435▼ $60,579
Liabilities
Accounts Payable and Accrued Expenses$7,725,749$7,443,114▼ $282,635
Other Liabilities$275,103$597,933▲ $322,830
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$8,050,852$8,091,047▲ $40,195
Net Assets / Fund Balance
Unrestricted Net Assets$92,128,747$93,023,970▲ $895,223
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$92,128,747$93,023,970▲ $895,223
Total Liabilities and Net Assets / Fund Balance$100,179,599$101,115,017▲ $935,418

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$16,703,761$6,704,198$23,407,959
Equipment$1,563,810$6,324,547$7,888,357
Land$1,410,637-$1,410,637
Leasehold Improvements$146,090$103,851$249,941
Other Land Buildings$110,353-$110,353
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jan FinnPresident, CEOFT$281,366$192,738$474,104
Lori MarkhamVP, COOFT$180,670$158,328$338,998
Tina KirschSecretary, CAOFT$184,087$135,654$319,741
Jim BoydTreasurer, CFOFT$200,106$115,242$315,348
Taba KheradandHla Laboratory DirectorFT$173,976$56,153$230,129
Scott McdonaldDirector, LaboratoryFT$126,046$85,518$211,564
Jami GleasonSr. Director, Business SystemsFT$130,677$80,591$211,268
Sarah OlandSr. Director, HospitalFT$146,319$53,713$200,032
Melissa OttSr Director, Organ ProcurementFT$120,693$57,630$178,323
Kyle KinseyDirector, Tissue ServicesFT$127,941$47,049$174,990
Dana TotzkeDirector, Human ResourcesFT$121,645$52,190$173,835
Christena HoustonDirector, Risk Management EduFT$115,414$46,468$161,882
Jessica StefekDirector, Wichita OperationsFT$112,519$48,740$161,259
Steven Whitt MdDirector-$8,150-$8,150
Gary Duncan LfacheDirector-$1,800-$1,800
Richard Muther MdDirector-$1,700-$1,700
David TheisDirector-$1,300-$1,300
Ken PowellDirector-$1,300-$1,300
A Michael Borkon MdDirector-$1,200-$1,200
Sarah Oakley Rn MsnDirector-$1,200-$1,200
Brad Warrady MdDirector-$1,000-$1,000
Sameer BrahmavarDirector-$1,000-$1,000
Barbara Macarthur Rn MsnDirector-$900-$900
Michael R DunawayDirector-$900-$900
Steve Reintjes MdDirector-$900-$900
Thomas Crouch MdDirector-$700-$700
Thomas H Estep MdDirector-$700-$700
James KaplanDirector-$200-$200

Highest Paid Contractors

ContractorServicesLocationCompensation
Je Dunn ConstructionConstruction1001 LOCUST STREET, Kansas City, MO 64105$789,502
Air Associates INCAir Transport12901 151ST STREET SUITE B, Olathe, KS 66062$761,410
Dobies Healthcare GroupConsulting110 W 9TH STREET SUITE 100, Kansas City, MO 64105$594,253
LifelogicsDonor Mgnt Services8015 CORPORATE DR STE A, Nottingham, MD 21236$271,138
C Change Surgical LLCTransportation101 NORTH CHESTNUT STREET SUITE 30, Winstonsalem, NC 27101$201,600
Revenue and Support

Revenue Composition

Contributions and Grants
$52,927
Program Service Revenue
$56,851,473
Investment Income
$2,873,641
Other Revenue
$-251,985
All Other Contributions
$52,927
Change in Net Assets
$6,729,177

Audited Revenue Reconciliation

Revenue per Audited Statements
$59,349,496
Revenue Not Reported on Financial Statements
$176,560
Revenue Not Reported on Form 990
$-4,542,027
Total Revenue per Audited Statements
$54,807,469
Total Revenue per Form 990
$59,526,056
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$32,597,377
Salaries, Compensation, and Employee Benefits$20,135,192
Grants and Similar Amounts Paid$64,310
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$16,687,588$0$0$16,687,588
Other Salaries and Wages$10,946,352$2,738,679-$13,685,031
Other Expenses$5,035,163--$5,035,163
Travel$4,220,648$196,955-$4,417,603
Current Officers, Directors, Trustees, and Key Employees$1,854,965$435,929-$2,290,894
Other Employee Benefits$1,541,551$406,372-$1,947,923
Office Expenses$810,088$530,422-$1,340,510
Pension Plan Contributions$999,708$247,918-$1,247,626
Advertising$1,240,164$0-$1,240,164
Depreciation Depletion$292,788$899,950-$1,192,738
Information Technology-$1,171,559-$1,171,559
Payroll Taxes$772,216$191,502-$963,718
Occupancy$404,634$246,408-$651,042
Conferences and Meetings$154,768$99,244-$254,012
Insurance$193,908$48,088-$241,996
Fees for Service Investment Mgmnt Fees-$176,560-$176,560
Fees for Services Legal-$129,882-$129,882
Grants to Domestic Orgs$64,310--$64,310
Fees for Services Accounting-$56,906-$56,906
Interest-$1,654-$1,654
Total Functional Expenses$45,218,851$7,578,028$0$52,796,879

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$53,912,246
Total Expenses per Form 990$52,796,879
Expenses per Audited Statements$52,620,319
Expenses Not Reported on Form 990$1,291,927
Expenses Not Reported on Financial Statements$176,560
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
National Kidney FoundationOverland Park, KS501(c)(3)General Support$11,000
Donate Life Rose Parade FloatPlacentia, CA501(c)(3)Sponsorship$10,000
North America Transplant Coordinators OrganizationOak Hill, VA501(c)(3)Sponsorship$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 Reser$544,620
Tenant Deposits$53,313
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 reviewed 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
2019-11-15
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
211
Volunteers
100

Preparer

Firm
Bkd Llp
Address
1201 Walnut Suite 1700, Kansas City, MO 64106-2246
Preparer
Gregory M Sullivan
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 transplant 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, cryolife, 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.

Form 990 Part IX Line 11G

Description:donor hospital fees total fees:10222917

Form 990 Part IX Line 11G

Description:surgeon & other medical fees total fees:2345866

Form 990 Part IX Line 11G

Description:non-dsa recovery fees total fees:3412946

Form 990 Part IX Line 11G

Description:registry fees total fees:705859

Financial Statement Notes

Schedule D, Part X, Line 2

Management has evaluated their income tax positions 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 $1,291,927

Schedule D, Part XII, Line 2D

Rental expenses $1,291,927

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Document Assets

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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