Advanced Pet Imaging Network
- Assets
- $804.2k
- Revenue
- $990.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, MI
- Founding
- 08/2004
- Data as of
- 06/2021
- EIN
- 11-3703981
Organization Overview
Advanced Pet Imaging Network is located in Midland, MI. The organization was established in 2004. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., 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. Advanced Pet Imaging Network 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 06/2021, Advanced Pet Imaging Network generated $990.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $773.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MOBILE POSITRON EMISSION TOMOGRAPHY IMAGING EQUIPMENT AND SERVICES TO 7 HOSPITALS THAT OTHERWISE DID NOT OFFER THIS SERVICE TO PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCED PET IMAGING PROVIDES POSITRON EMISSION TOMOGRAPHY SERVICES TO PATIENTS IN SEVERAL LOCATIONS. THESE INCLUDE: MIDLAND, ALMA, SAGINAW, TAWAS, MARLETTE, ALPENA AND WEST BRANCH. 2,650 SCANS WERE COMPLETED IN FISCAL YEAR 2021 WITHOUT REGARD TO THE PATIENT'S ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erickson Michael Secretary/treasurer (part Year) | OfficerTrustee | 2 | $0 |
Cross Bryan Sec/treasurer (part Year) | OfficerTrustee | 2 | $0 |
Zapolski Rod President | OfficerTrustee | 2 | $0 |
Morgan Victor Director | Trustee | 2 | $0 |
Leaman-Case Sharon Director | Trustee | 2 | $0 |
Haywood Nancy Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ascension St Mary's Of Michigan Contract Labor | 6/29/21 | $373,897 |
Northern Logistics Inc Transport Services | 6/29/21 | $223,996 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $989,800 |
| Investment income | $395 |
| 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 | $990,195 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $76,020 |
| 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 | $483,813 |
| Advertising and promotion | $0 |
| Office expenses | $16,113 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,022 |
| Insurance | $37,423 |
| All other expenses | $157,808 |
| Total functional expenses | $773,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $629,186 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $168,588 |
| Net Land, buildings, and equipment | $6,403 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $804,177 |
| Accounts payable and accrued expenses | $87,365 |
| 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 | $0 |
| Total liabilities | $87,365 |
| Net assets without donor restrictions | $716,812 |
| 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 | $804,177 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical College Of Wisconson Affiliated Hospitals Inc Milwaukee, WI | $6,525,600 | $83,100,377 |
Integrated Care Partnersinc Grosse Pointe Park, MI | $9,435,893 | $57,109,224 |
Wooster Community Hospital Foundation Wooster, OH | $9,599,227 | $32,668,692 |
Ohios Hospice Inc Dayton, OH | $39,691,448 | $16,234,303 |
Damien Cares Indianapolis, IN | $4,720,848 | $9,296,684 |
Michigan Mobile Pet Imaging Southfield, MI | $7,685,048 | $6,599,660 |
Uc Health Foundation Cincinnati, OH | $17,364,856 | $9,166,870 |
Portage Health Foundation Hancock, MI | $85,620,667 | $8,148,515 |
Extracorporeal Life Support Organization Ann Arbor, MI | $5,450,569 | $3,274,254 |
Medstone Realty Company Llc Columbus, OH | $22,448,451 | $1,621,277 |
Managed Emergency Surge For Healthcare Inc Indianapolis, IN | $855,757 | $1,096,077 |
Wood County Medical Building Inc Bowling Green, OH | $1,025 | $1,052,948 |