Utah Surgical Interventional and Medical Simulation Center Inc

Nonprofit profile at a glance

EIN
475262046
IRS 990 coverage
2015–2016
Forms available
Form 990 2016
Location
North Ogden, UT, USA
Phone
8016997656
Rating
33
Verdict
REVIEW
Rating confidence
Moderate
Sector
Surgery Specialties

Reported finances

Revenue
$150,023
Expenses
$268,223
Assets
$21,743
Liabilities
$65,000

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • MATT WHITE (CEO)

Highest reported compensation

  • MATT WHITE (CEO): $75,000 total reported compensation
  • GARRY BELTON (COO): $65,000 total reported compensation
  • CHARLES BECK (SENIOR STRATEGIST): $25,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

(1) providing a high-tech learning and simulation environment designed to facilitate the education of physicians and medical professionals regarding new and innovative surgical techniques, (2) operating an interactive anatomy and medical technology exhibit designed to educate school-aged children in the areas of science, technology, engineering and mathematics within the various medical fields, and (3) providing charitable grants of monetary support to medical schools, foundations and other tax-exempt organizations that will directly improve the human condition through advancements and education in medical fields.

What it reported doing in 2016

Our focus is on building our initial core business or program service line of surgical education and training. We are in the process of (1) securing a location and developing all construction plans for the facility; (2) assembling a team of professionals, contractors and supporting organizations; (3) establishing all key governing and operational policies and procedures; and (4) forming relationships with our primary customers.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 25
  • Sustainability: 3
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 20%; rating input score 20; 13th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -78.8%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.08; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 2.99; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 79.9%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -80% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -146.6% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 1 of 5 board members independent · 3 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $75K · 9 people listed
  • Consistency: 20 of 20 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Accountability: Independent voting board scored 20/100.
  • Moderate — Accountability: Governance controls: 5 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.