MICHIGAN MOBILE PET IMAGING (EIN 331086165) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

CHRISTINA FREESE DECKER

Phone

8669897999

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN MOBILE PET IMAGING, founded in 2004, is a community nonprofit in the Health Care sector that reported $9.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 18% operating margin.

Mission

TO ACQUIRE, ESTABLISH, CONSTRUCT, DEVELOP, OPERATE, MANAGE OR ARRANGE FOR MANAGEMENT OF, OWN AND OPERATE MOBILE MRI UNITS, AND MAINTAIN A MOBILE PET/CT SCANNER ROUTE FOR THE CARE AND TREATMENT OF PERSONS WHOARE ACTUALLY ILL OR WHO OTHERWISE REQUIRE MEDICAL CARE AND RELATED SERVICES; AND TO INITIATE, SPONSOR, CARRY OUT, PARTICIPATE IN, AND CONTRIBUTE TO PROGRAMS FOR THE CARE AND TREATMENT OF THE SICK, INFIRM, AGED, AND DISTRESSED, AND FOR THE PROMOTION OF THE GENERAL HEALTH OF THE COMMUNITY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $8,970,718

Investment Income $0

Other Revenue $0

TOTAL REVENUE $8,970,718

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,859,018

Other Expenses $7,384,043

TOTAL EXPENSES $7,389,043

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,970,718	$8,200,238	+0.1%
Expenses	$7,389,043	$5,056,960	+0.5%
Net Income	$1,581,675	$3,143,278	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$12,509,943

Total Directors

$3,844,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ASHOK JAIN MD	DIRECTOR	1.00	Director	$20,000	$55,550	$355,879
KIRAN NANDALUR MD	DIRECTOR	1.00	Director	$0	$38,587	$653,064
THOMAS LANNI JR	DIRECTOR/TREASURER	1.00	Officer Director	$0	$37,359	$678,833
NANCY SUSICK	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$236,948	$1,431,049
TINA WOOD	DIRECTOR/SECRETARY	1.00	Officer Director	$0	$37,221	$484,641
LUCAS TREVINO	DIRECTOR	1.00	Director	$0	$47,986	$240,629
BRIAN MADISON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA FREESE DECKER	CEO	1.00	Officer	$0	$1,373,681	$6,732,149
MATTHEW COX	CFO	1.00	Officer	$0	$569,199	$3,183,271
LEE ANN ODOM	FORMER OFFICER	0.00		$0	$0	$498,374

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$8,970,718	$7,389,043	$12,362,084	$1,581,675
2022	$8,200,238	$5,056,960	$10,745,252	$3,143,278
2021	$6,599,660	$4,907,977	$7,685,048	$1,691,683
2020	$4,914,313	$4,096,042	$6,498,925	$818,271
2019	$4,777,215	$3,619,271	$6,645,604	$1,157,944
2018	$3,994,601	$2,962,164	$3,636,835	$1,032,437

MICHIGAN MOBILE PET IMAGING