Shared Magnetic Resonance Imaging Facility Inc
- Assets
- $29.5m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 02/1986
- Data as of
- 12/2021
- EIN
- 39-1534744
Organization Overview
Shared Magnetic Resonance Imaging Facility Inc, operating under the name Turville Bay MRI and Radiation ONCOLOGY CENTER, is located in Madison, WI. The organization was established in 1986. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Turville Bay MRI and Radiation ONCOLOGY CENTER is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Turville Bay MRI and Radiation ONCOLOGY CENTER generated $13.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $11.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE AND MAINTAIN A FACILITY FOR THE PERFORMANCE OF MAGNETIC RESONANCE IMAGING AND RADIATION THERAPY PROCEDURES AND TO PROVIDE ADVANCED MEDICAL TECHNOLOGY FOR ITS PATIENTS.
Describe the Organization's Program Activity:
RADIATION ONCOLOGY SERVICES: TURVILLE BAY RADIATION ONCOLOGY CENTER PROVIDES RADIATION THERAPY TREATMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tomotherapy Incorporated Service Contract | 12/30/18 | $275,000 |
Cdw Computer Centers Inc Computer Consulting | 12/30/18 | $321,156 |
Fcm Corporation Construction | 12/30/18 | $666,867 |
Varian Medical Systems Equipment Maintenance | 12/30/18 | $599,329 |
Siemens Medical Solutions Usa Inc Equipment Maintenance | 12/30/18 | $583,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $116,500 |
| Total Program Service Revenue | $13,742,937 |
| Investment income | $13,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,875,631 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,276,234 |
| Pension plan accruals and contributions | $68,904 |
| Other employee benefits | $722,358 |
| Payroll taxes | $288,242 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $164,952 |
| Advertising and promotion | $5,992 |
| Office expenses | $2,160,572 |
| Information technology | $223,711 |
| Royalties | $0 |
| Occupancy | $402,999 |
| Travel | $6,036 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,125 |
| Interest | $11 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,226,397 |
| Insurance | $6,586 |
| All other expenses | $0 |
| Total functional expenses | $11,915,637 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $599 |
| Savings and temporary cash investments | $16,150,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $638,677 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $245,726 |
| Net Land, buildings, and equipment | $12,442,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,478,510 |
| Accounts payable and accrued expenses | $525,210 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,861,452 |
| Total liabilities | $4,386,662 |
| Net assets without donor restrictions | $25,091,848 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $29,478,510 |
Grants Awarded
Over the last fiscal year, Shared Magnetic Resonance Imaging Facility Inc has awarded $20,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Dallas, TX PURPOSE: GENERAL OPERATIONS | $5,000 |
St Louis, MO PURPOSE: GENERAL OPERATIONS | $5,000 |
New York, NY PURPOSE: GENERAL OPERATIONS | $5,000 |
Madison, WI PURPOSE: GENERAL OPERATIONS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Crusaders Central Clinic Association Rockford, IL | $89,354,596 | $59,787,752 |
West Side Community Health Services Inc St Paul, MN | $23,869,557 | $43,452,444 |
My Community Dental Centers Inc Petoskey, MI | $30,739,969 | $40,313,686 |
Mercy Medical Center-Newton Newton, IA | $22,591,972 | $36,511,833 |
Baldwin Family Health Care Baldwin, MI | $30,653,117 | $43,864,544 |
Medical Center Emergency Services Detroit, MI | $12,025,195 | $41,986,890 |
Friend Family Health Center Inc Chicago, IL | $45,002,093 | $35,903,740 |
Center For Family Health Jackson, MI | $27,287,053 | $31,547,119 |
Chicago Family Health Center Inc Chicago, IL | $33,227,265 | $32,285,445 |
Hackley Community Care Center Inc Muskegon Heights, MI | $15,079,053 | $23,447,606 |
Health Pointe Grand Haven, MI | $0 | $16,467,733 |
Near North Health Service Corporation Chicago, IL | $52,582,446 | $28,496,346 |