Michigan State University

Nonprofit profile at a glance

EIN
382015695
IRS 990 coverage
2009–2010
Forms available
Form 990 2010
Location
Kalamazoo, MI, USA
Phone
2693374400
Rating confidence
Limited
Sector
Hospital, General

Official website

Reported finances

Revenue
$48,579,740
Expenses
$48,510,898
Assets
$17,102,720
Liabilities
$11,062,106

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

27 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Michigan state university kalamazoo center for medical studies is a medical community and university collaboration providing excellence in undergraduate, graduate, and continuing medical education, research, and patient-centered care.

What it reported doing in 2010

Msu kcms is a unique university/community-based integrated program offering residency education in the following programs: emergency medicine, family medicine, general surgery, internal medicine, medicine/pediatrics, orthopaedic surgery, pediatrics, psychiatry and transitional, as well as an osteopathic traditional internship and a sports medicine fellowship.

Operating model

Revenue model
Affiliate-supported. 74% of the money available for current operations came from contributions from related organizations.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 84
  • Accountability: 73
  • Sustainability: 24
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 52.6%; rating input score 53; 9th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.1%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.35; rating input score 13; 13th percentile among comparable filings
  • Liabilities to assets ratio: 0.65; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 6.5%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.5% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 11.5% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $41.9M in reported program spending
  • Leadership: top reported pay $1.1M · 27 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 2 filing years from 2009 to 2010
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 4 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Independent voting board scored 53/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.