Mid-Michigan Mri Inc

Nonprofit profile at a glance

EIN
382852340
IRS 990 coverage
2013–2019
Forms available
Form 990 2019
Location
Lansing, MI, USA
Phone
5173641000
Rating
39
Verdict
REVIEW
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$9,579
Expenses
$947
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • JOE RUTH (PRESIDENT)

Highest reported compensation

  • JOE RUTH (PRESIDENT): $752,312 total reported compensation
  • THOMAS OSTRANDER (DIRECTOR): $415,649 total reported compensation
  • WILLIAM HOWE (TREASURER): $371,323 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Consistent with the mission of its supported organizations, mid-Michigan mri (3mri) is committed to the provision of high-quality, cost-effective services enhanced by the support of medical education and research opportunities for providers of healthcare throughout mid-Michigan.

What it reported doing in 2019

Diagnostic imaging procedures to residents of mid-Michigan performed in prior years as the organization ceased operations in 2017.

Operating model

Revenue model
Earned-program. 81% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 39
  • Transparency & Controls: 60
  • Accountability: 16
  • Sustainability: 47
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9.9%; rating input score 10
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 12.5%; rating input score 12; 17th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Fail
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 90.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 40,849.7%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -32.1% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -27.1% per year; rating input score 0; 16th percentile among comparable filings
  • Asset growth: -42.1% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 9.9% of revenue deployed · 100% of spending went to programs
  • Governance: 1 of 8 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $947 in reported program spending
  • Leadership: top reported pay $752K · 8 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 8 of 8 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2013 to 2019
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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.

  • High — Financial Efficiency: Mission deployment rate scored 10/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Independent voting board scored 12/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.