Civic Intelligence

Wellmont Imaging Services Inc

990 • Fiscal year 2012 • EIN 86-1103148

Jan 01, 2012 to Dec 31, 2012 • Filed on Aug 15, 2013

1905 American Way37660
Siviq Scores

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

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

15th percentile

-8.2%

Faster asset growth than 15% of similar nonprofits.

2012 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Assets

Down

$4,682,406

Down $418,943 (-8.2%) from 2011

Net Assets

Down

$4,682,406

Down $418,943 (-8.2%) from 2011

Liabilities

Flat

$0

Flat from 2011

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$5,076,395

Up $604,500 (+14%) from 2011

Net Income

-

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$0Assets 2010: $5,127,624Liabilities 2010: $0Net Assets 2010: $5,127,6242010Assets 2011: $5,101,349Liabilities 2011: $0Net Assets 2011: $5,101,3492011Assets 2012: $4,682,406Liabilities 2012: $0Net Assets 2012: $4,682,4062012Assets 2013: $4,138,405Liabilities 2013: $0Net Assets 2013: $4,138,4052013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015

Highlighted filing

2012

Assets$4,682,406
Liabilities$0
Net Assets$4,682,406

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $5,775,7702010Revenue 2011: $4,445,620Expenses 2011: $4,471,895Net Income 2011: -$26,2752011Expenses 2012: $5,076,3952012Revenue 2013: $3,171,521Expenses 2013: $3,715,522Net Income 2013: -$544,0012013Revenue 2014: $2,751,106Expenses 2014: $623,292Net Income 2014: $2,127,8142014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015

Highlighted filing

2012

Revenue-
Expenses$5,076,395
Net Income-
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Aug 15, 2013
Return Version
2012v2.1
Gross Receipts
$4,657,452
Mission and Program Overview

Mission

Advance the health status of the region by offering radiology services in an outpatient setting, to better and more efficiently serve patient needs and to provide support to the wellmont health system hospitals.

Filing and Contact Details

Filer

EIN
86-1103148
Raw XML AppendixShowing 400 of 696 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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IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0WELLMONT IMAGING SERVICES, INC.'S ONLY DISTRIBUTION IS TO WELLMONT HEALTH SYSTEM IN ORDER TO SUPPORT ITS EXEMPT PURPOSE.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS INSIDE THE UNITED STATES
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0CHARTER TRAVEL AND TRAVEL FOR COMPANIONS WELLMONT HEALTH SYSTEM PROVIDED AIRPLANE TRAVEL FOR ITS EXECUTIVES THROUGH A PARTIAL OWNERSHIP OF AN AIRPLANE. ON OCCASION, TRAVEL WAS PROVIDED FOR EXECUTIVES AND THEIR COMPANIONS FOR PERSONAL USE. WELLMONT HEALTH SYSTEM FOLLOWED IRS GUIDELINES AND INCLUDED THE APPROPRIATE AMOUNTS IN THEIR TAXABLE COMPENSATION. HOUSING ALLOWANCE WELLMONT HEALTH SYSTEM OFFERED A HOUSING ALLOWANCE FOR JOHN HOWARD, PRESIDENT OF WELLMONT MEDICAL ASSOCIATES AND GENERAL COUNSEL FOR WELLMONT HEALTH SYSTEM, DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2012. THE HOUSING ALLOWANCES PAID TO THE EXECUTIVE WAS INCLUDED IN HIS TAXABLE COMPENSATION. HEALTH OR SOCIAL CLUB DUES DURING THE CALENDAR YEAR ENDED DECEMBER 31, 2012, WELLMONT HEALTH SYSTEM PROVIDED COUNTRY CLUB MEMBERSHIPS TO VIRGINIA FRANK AND JOHN HOWARD. THESE AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation1MICHAEL BUNDY - 01/01/11-04/08/11 10,358 0 0
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation2INCENTIVE COMPENSATION IS PARTIALLY BASED ON MEETING BUDGETED OPERATATING MARGIN GOALS.
IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation3WELLMONT HEALTH SYSTEM HAS AN EXECUTIVE RETIREMENT PROGRAM THAT INCLUDED JOHN HOWARD AND ALICE POPE FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2012. THIS PROGRAM HAS A TARGET BENEFIT OF 60% OF THE HIGHEST THREE YEAR AVERAGE SALARY (LESS EMPLOYER PROVIDER BENEFITS) AND THE EXECUTIVE MUST HAVE TWENTY YEARS OF SERVICE TO RECEIVE THE FULL BENEFIT. THE EXECUTIVE MAY RETIRE EARLY AT AGE 60 AND RECEIVE REDUCED BENEFITS. THERE WERE NO PAYMENTS MADE UNDER THIS PROGRAM FOR THE CALENDAR YEAR ENDING DECEMBER 31, 2012.
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier0FRINGE OR EXPENSE EXPLANATION
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IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier2COMPENSATION CONTINGENT UPON NET EARNINGS OF RELATED ORG
IRS990ScheduleJ/Form990ScheduleJPartIII/Identifier3OTHER ADDITIONAL INFORMATION
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IRS990ScheduleJ/Form990ScheduleJPartII/Title1PRESIDENT-WIS & HVMC
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IRS990ScheduleO/GeneralExplanation/Explanation0PARTICIPATION IN JOINT VENTURES OR SIMILAR ARRANGEMENTS WELLMONT IMAGING SERVICES, INC. DOES NOT HAVE A WRITTEN POLICY OR PROCEDURE REQUIRING THE ORGANIZATION TO EVALUATE ITS PARTICIPATION IN SUCH ARRANGE- MENTS. HOWEVER, WELLMONT IMAGING SERVICES, INC. HAS TAKEN STEPS TO SAFE- GUARD THE ORGANIZATION'S EXEMPT STATUS. THE WELLMONT HEALTH SYSTEM LEGAL DEPARTMENT REVIEWS ALL JOINT VENTURE RELATIONS AND DETERMINES IF THE RELA- TIONSHIP MEETS WELLMONT HEALTH SYSTEM'S EXEMPT PURPOSE. IF THE RELATIONSHIP MEETS WELLMONT HEALTH SYSTEM'S EXEMPT PURPOSE, THE BOARD OF DIRECTORS WILL APPROVE THE RELATIONSHIP. ANY ONGOING RELATIONSHIP IS THEN MONITORED AND REVIEWED DURING THE ANNUAL AUDIT OF THE CONSOLIDATED WELLMONT HEALTH SYSTEM GROUP.
IRS990ScheduleO/GeneralExplanation/Explanation1THE BUSINESS AND AFFAIRS OF WELLMONT IMAGING SERVICES, INC. (THE CORPORATION) SHALL BE GOVERNED EXCLUSIVELY BY THE BOARD OF DIRECTORS. THE CORPORATION'S BOARD OF DIRECTORS IS DESIGNATED BY WELLMONT HEALTH SYSTEM, THE SOLE MEMBER OF THE CORPORATION. IN ADDITION TO SUCH RIGHTS OF APPROVAL AND CONSENT AS MAY BE RESERVED TO THE SOLE MEMBER OF THE CORPORATION PURSUANT TO APPLICABLE LAW, TRANSACTIONS OF THE FOLLOWING MATTERS BY THE CORPORATION SHALL REQUIRE THE PRIOR APPROVAL OF WELLMONT HEALTH SYSTEM, THE SOLE MEMBER OF THE CORPORATION: (A)IMPLEMENTATION OF CORPORATION'S ANNUAL BUDGET, (B)INCURRING ANY LOAN OR OTHER INDEBTEDNESS FOR BORROWED MONEY, (C)ACQUISITION OF ANY EQUIPMENT OR PERSONAL PROPERTY FOR A PURCHASE PRICE IN EXCESS OF 50,000 OR THE ACQUISITION OF ANY REAL ESTATE, REGARDLESS OF PURCHASE PRICE, (D)THE UNDERTAKING OF CERTAIN CONTRACTUAL COMMITMENTS, (E)ENTERING INTO ANY PLAN OF MERGER OR CONSOLIDATION, (F)ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS OF ANY OTHER LEGAL ENTITY, AND (G)INSTITUTION OF ANY LITIGATION BY OR ON BEHALF OF CORPORATION.
IRS990ScheduleO/GeneralExplanation/Explanation2SEE FORM 990, PART VI, SECTION A, LINE 6 EXPLANATION.
IRS990ScheduleO/GeneralExplanation/Explanation3SEE FORM 990, PART VI, SECTION A, LINE 6 EXPLANATION.
IRS990ScheduleO/GeneralExplanation/Explanation4MICHAEL BUNDY - 01/01/11-04/08/11 1905 AMERICAN WAY KINGSPORT, TN 37660
IRS990ScheduleO/GeneralExplanation/Explanation5WELLMONT IMAGING SERVICES, INC.'S FORM 990 IS REVIEWED BY THREE INDIVIDUALS OF WELLMONT HEALTH SYSTEM (THE SENIOR VICE PRESIDENT OF FINANCE, THE CORPORATE CONTROLLER, AND THE MANAGER OF ACCOUNTING) AND THE BOARD OF DIRECTORS OF WELLMONT IMAGING SERVICES, INC. ANY QUESTIONS OR COMMENTS ARISING FROM THE INITIAL REVIEW ARE ADDRESSED TO ENSURE THE RETURN IS COMPLETE AND ACCURATE. ANY CHANGES OR CORRECTIONS ARE IDENTIFIED, REVISED IN THE RETURN, AND REVIEWED BY THE INDIVIDUALS LISTED ABOVE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation6OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED WITH THE COMPLIANCE AND AUDIT SERVICES DEPARTMENT AS THEY ARISE. WELLMONT HEALTH SYSTEM ALSO HAS A POLICY ON BUSINESS PRACTICES THAT DISCUSSES CONFLICT OF INTEREST AND INFORMS THE WORKFORCE TO DISCLOSE ANY ISSUES TO THE COMPLIANCE AND AUDIT SERVICES DEPARTMENT, FOR RESOLUTION. WELLMONT HEALTH SYSTEM ALSO USES A HOTLINE THAT ALLOWS ANONYMOUS REPORTS OF POSSIBLE CONFLICT OF INTEREST SITUATIONS FOR INVESTIGATION BY THE COMPLIANCE AND AUDIT SERVICE DEPARTMENT.
IRS990ScheduleO/GeneralExplanation/Explanation7THE COMPENSATION OF VIRGINIA FRANK, THE PRESIDENT OF HOLSTON VALLEY MEDICAL CENTER, IS REVIEWED, APPROVED AND DOCUMENTED BY THE WELLMONT HEALTH SYSTEM PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. VIRGINIA FRANK IS ALSO THE PRESIDENT OF WELLMONT IMAGING SERVICES, INC. IN ADDITION, THESE BODIES USE COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION. ALL COMPENSATION DELIBERATIONS AND REVIEWS ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS. THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED THE SALARY AND MARKET COMPENSATION DATA FOR VIRGINIA FRANK ON NOVEMBER 29, 2012.
IRS990ScheduleO/GeneralExplanation/Explanation8THE COMPENSATION OF THE OTHER OFFICERS OR KEY EMPLOYEES OF WELLMONT HEALTH SYSTEM ARE REVIEWED, APPROVED AND DOCUMENTED BY THE WELLMONT HEALTH SYSTEM PERSONNEL COMMITTEE AND BOARD OF DIRECTORS. OTHER OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION HAVE WRITTEN EMPLOYMENT CONTRACTS AND COMPENSATION IS BASED ON SURVEYS/STUDIES AND THEN APPROVED BY THE WELLMONT HEALTH SYSTEM CEO. IN ADDITION, THESE BODIES USE COMPARABILITY DATA TO DETERMINE THE APPROPRIATE COMPENSATION. ALL COMPENSATION DELIBERATIONS AND REVIEWS ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS IS COMPLETED ON AN ANNUAL BASIS. THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED THE SALARY AND MARKET COMPENSATION DATA FOR MICHAEL BUNDY, VICE PRESIDENT OF OPERATIONS FOR WELLMONT HEALTH SYSTEM, ON AUGUST 26, 2010. WELLMONT HEALTH SYSTEM USES ONE OR MORE OF THE METHODS DESCRIBED TO ESTABLISH THE COMPENSATION OF ALICE POPE, EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER FOR WELLMONT HEALTH SYSTEM. THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED THE SALARY AND MARKET COMPENSATION DATA FOR ALICE POPE ON AUGUST 23, 2012. WELLMONT HEALTH SYSTEM USES ONE OR MORE OF THE METHODS DESCRIBED TO ESTABLISH THE COMPENSATION OF JOHN HOWARD, PRESIDENT OF WELLMONT MEDICAL ASSOCIATES AND WELLMONT HEALTH SYSTEM GENERAL COUNSEL. THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS REVIEWED THE SALARY AND MARKET COMPENSATION DATA FOR JOHN HOWARD ON NOVEMBER 29, 2012. JOHN HOWARD IS SHOWN ON WELLMONT HEALTH SYSTEM'S FY2012 FORM 990, SCHEDULE L-TRANSACTIONS WITH INTERESTED PERSONS, AS RECEIVING RELOCATION ASSISTANCE FROM WELLMONT HEALTH SYSTEM. THE LOAN BALANCE DUE FROM JOHN HOWARD AS OF JUNE 30, 2012 TOTALED 8,681. THE REMAINING LOAN BALANCE WAS PAID IN FULL NOVEMBER 2012. WELLMONT HEALTH SYSTEM USES ONE OR MORE OF THE METHODS DESCRIBED TO ESTABLISH THE COMPENSATION OF BRAD PRICE, VICE PRESIDENT OF OPERATIONS FOR BRISTOL REGIONAL MEDICAL CENTER. BRAD PRICE IS ALSO THE SECRETARY OF WELLMONT IMAGING, SERVICES, INC.
IRS990ScheduleO/GeneralExplanation/Explanation9WELLMONT IMAGING SERVICES, INC.'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICIES ARE NOT AVAILABLE TO THE PUBLIC. WELLMONT HEALTH SYSTEM'S AUDITED FINANCIAL STATEMENTS AND QUARTERLY UNAUDITED FINANCIAL STATEMENTS ARE AVAILABLE THROUGH THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE.
IRS990ScheduleO/GeneralExplanation/Identifier0ADDITIONAL INFORMATION
IRS990ScheduleO/GeneralExplanation/Identifier1CLASSES OF MEMBERS OR STOCKHOLDERS
IRS990ScheduleO/GeneralExplanation/Identifier2ELECTION OF MEMBERS AND THEIR RIGHTS
IRS990ScheduleO/GeneralExplanation/Identifier3DECISIONS SUBJECT TO APPROVAL OF MEMBERS
IRS990ScheduleO/GeneralExplanation/Identifier4OFFICERS WHO CANNOT BE REACHED
IRS990ScheduleO/GeneralExplanation/Identifier5ORGANIZATION'S PROCESS USED TO REVIEW FORM 990
IRS990ScheduleO/GeneralExplanation/Identifier6ENFORCEMENT OF CONFLICTS POLICY
IRS990ScheduleO/GeneralExplanation/Identifier7COMPENSATION PROCESS FOR TOP OFFICIAL
IRS990ScheduleO/GeneralExplanation/Identifier8COMPENSATION PROCESS FOR OFFICERS
IRS990ScheduleO/GeneralExplanation/Identifier9GOVERNING DOCUMENTS DISCLOSURE EXPLANATION
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990, PART VI
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/GeneralExplanation/ReturnReference3FORM 990, PAGE 6, PART VI, LINE 7B
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IRS990ScheduleO/GeneralExplanation/ReturnReference7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/GeneralExplanation/ReturnReference8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/GeneralExplanation/ReturnReference9FORM 990, PAGE 6, PART VI, LINE 19
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