SHARED MAGNETIC RESONANCE IMAGING … - Form 990 Financial Data

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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

1986

Legal Domicile

Principal Officer

BARBARA THIERMANN

Phone

6082594379

Tax Period

2023-01-01 to 2023-12-31

SHARED MAGNETIC RESONANCE IMAGING FACILITY INC, founded in 1986, is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2023. The organization ran a surplus of $2.4M, a strong 16% operating margin.

Mission

THE CORE MISSION OF TURVILLE BAY MRI AND RADIATION ONCOLOGY CENTER IS TO PRESERVE AND IMPROVE HUMAN LIFE. THE MISSION WILL BE ACHIEVED THROUGH PROVIDING PATIENT CARE WITH UNRELENTING ATTENTION TO CLINICAL EXCELLENCE, PATIENT SAFETY AND AN UNPARALLELED PASSION AND COMMITMENT TO ENSURE THE VERY BEST HEALTHCARE FOR THOSE WE SERVE. TURVILLE BAY MRI AND RADIATION ONCOLOGY CENTER IS A NOT FOR PROFIT CENTER PRINCIPALLY FORMED TO PROVIDE QUALITY HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1

Expenses: $10,794,045 Revenue: $15,259,113

RADIOLOGY ONCOLOGY SERVICES: TURVILLE BAY RADIATION ONCOLOGY CENTER PROVIDES RADIATION THERAPY TREATMENT SERVICES.

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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 $9,091

Program Service Revenue $15,259,113

Investment Income $22,966

Other Revenue $480

TOTAL REVENUE $15,291,650

Expense Breakdown

Grants Paid $95

Salaries & Benefits $7,534,383

Fundraising Expenses $0

Program Expenses $10,794,045

Other Expenses $5,355,773

TOTAL EXPENSES $12,890,251

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,291,650	$15,996,595	0.0%
Expenses	$12,890,251	$12,608,463	+0.0%
Net Income	$2,401,399	$3,388,132	-0.3%

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

$9,943,096

Total Directors

$2,280,910

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUE ANDERSON	DIRECTOR,CHAIR,REGIONAL PRESIDENT WI	1.00	Director	$0	$540,322	$1,969,236
BARB THIERMANN	DIRECTOR, PRESIDENT, CANCER CENTER ADMINISTRATOR	40.00	Director	$0	$56,760	$311,674
STEVE SMOOT	VICE PRESIDENT, COO OF SSM HEALTH	1.00	Officer	$0	$1,204,489	$3,258,847
RANDY COMBS	TREASURER, CFO SSM HEALTH PART YEAR	1.00	Officer	$0	$1,238,074	$3,420,428
KEVIN SMITH	TREASURER, CFO SSM HEALTH PART YEAR	1.00	Officer	$0	$99,334	$318,920
DOUGLAS LONG	SECRETARY, GENERAL COUNSEL AT SSM HEALTH	1.00	Officer	$0	$777,013	$2,202,252
THOMAS KIRSCHBAUM	ASSISTANT SECRETARY, GENERAL COUNSEL - WI	1.00	Officer	$0	$210,384	$742,649

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	$15,291,650	$12,890,251	$10,727,370	$2,401,399
2022	$15,996,595	$12,608,463	$35,288,483	$3,388,132
2021	$13,875,631	$11,915,637	$29,478,510	$1,959,994
2020	$14,418,966	$12,939,046	$24,478,311	$1,479,920
2019	$12,920,213	$13,221,069	$22,854,207	$-300,856
2018	$20,549,808	$18,032,877	$46,180,258	$2,516,931

SHARED MAGNETIC RESONANCE IMAGING FACILITY INC