2012-11-09T13:46:13-06:00 2011-12-31 ERNST & YOUNG US LLP 111 MONUMENT CIRCLE SUITE 2600 INDIANAPOLIS IN 46204 990 2011-01-01 412237441 Weill Cornell Imaging at New York- Presbyterian % KATHLEEN BURKE WEIL 2127462520 525 E 68TH STREET STARR 8A-37 NEW YORK NY 10065 THOMAS STOKES 2012-11-07 3176817000 2011 2016-02-24 21:20:13Z ROBERT J MIN MD 525 E 68TH ST STARR 8A-37 NEW YORK NY 10065 67022186 false X WWW.WCINYP.ORG X 2006 NY THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY SERVICES AT FOUR SITES IN MANHATTAN, NEW YORK, AND HAS RECEIVED A CERTIFICATE OF NEED AND A LICENSE TO OPERATE FROM THE NEW YORK STATE DEPARTMENT OF HEALTH. 6 6 0 0 0 0 0 57464744 67022186 0 0 0 0 57464744 67022186 0 0 0 0 21987293 25468624 0 0 0 22932087 24284258 44919380 49752882 12545364 17269304 20757816 28311633 1251816 1536329 19506000 26775304 THE ORGANIZATION PROVIDES OUTPATIENT RADIOLOGY SERVICES AT FOUR SITES IN MANHATTAN, NEW YORK, AND HAS RECEIVED A CERTIFICATE OF NEED AND A LICENSE TO OPERATE FROM THE NEW YORK STATE DEPARTMENT OF HEALTH. false false 49752882 67022186 The organization provides outpatient radiology at four sites on the east side of Manhattan, NY. The organization operates diagnostic and treatment centers at 520 East 70st, 1305 York Ave, 425 East 61st, and 416 East 55th Street. These operations commenced on 1/1/08, 1/1/08, 3/1/08, and 1/1/08 respectively. In 2011, the organization had total accrual based revenues of $67,022,186. The organization had total accrual based operating expenses of $49,752,882. 49752882 true false false false false false false false false false false false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false X 6 6 true false false false true true true true true false false true true true true true true true true false X KATHLEEN BURKE 2127464075 525 EAST 68TH STREET W109 New York NY 10065 Robert Kelly MD Began 101011 1.0 X X 0 0 0 Steven J Corwin MD 1.0 X X 0 0 0 Laura D Forese MD MPH 1.0 X 0 0 0 Gary J Zuar 1.0 X X 0 0 0 Stephen M Cohen 1.0 X 0 0 0 Michael G Stewart MD 1.0 X 0 0 0 Daniel M Knowles MD 1.0 X X 0 0 0 Robert J Min MD 13.3 X 330237 0 8550 Thomas Stokes 40.0 X 256689 0 15660 Melissa Welch 1.0 X 0 0 0 Martin Doyle 1.0 X 0 0 0 Kathleen M Burke 1.0 X 0 0 0 Joseph Comunale Jr 40.0 X 431919 0 26160 Keith Hentel 31.6 X 391535 0 20608 Clifford Phillips 30.0 X 342750 0 27508 Robert Zimmerman 26.7 X 351135 0 24548 Andrew Collins 37.6 X 320516 0 34303 2424781 0 157337 60 false true false Ernst Young 5 Times Square NEW YORK NY 10036 ACCT & AUDITING 240795 1 0 Patient Revenue 621512 66991153 66991153 Other Income (Imaging CD Duplication) 621512 31033 31033 67022186 0 0 0 0 0 0 0 0 67022186 67022186 0 0 0 0 586926 586926 0 19742501 19742501 0 5139197 5139197 0 0 0 0 0 0 0 6182416 6182416 0 3635945 3635945 1801353 1801353 0 3434441 3434441 194445 194445 0 0 0 0 0 1404598 1404598 Equipment Lease/Purchases 3934948 3934948 Bad Debt 3696112 3696112 49752882 49752882 0 0 13200406 22769047 0 0 0 0 5378265 5542586 0 0 0 0 0 0 0 0 2179145 0 0 0 0 0 0 0 0 0 0 0 0 20757816 28311633 789816 1005067 0 0 462000 531262 0 0 0 0 0 0 0 0 0 0 0 0 1251816 1536329 X 19506000 26775304 0 0 0 0 19506000 26775304 20757816 28311633 X 17269304 -10000000 X false true true X false X 39502823 54156697 57464743 67022186 218146449 39502823 54156697 57464743 67022186 218146449 900026 0 0 0 900026 900026 0 0 0 900026 217246423 2000 0 0 0 2000 2000 0 0 0 2000 39504823 54156697 57464743 67022186 218148449 X 67022186 49752882 17269304 17269304 67022186 67022186 67022186 49752882 49752882 49752882 X false false false false false false false false Robert J Min MD 330237 0 0 0 0 0 8550 0 0 0 338787 0 0 0 Thomas Stokes 256689 0 0 0 0 0 15660 0 0 0 272349 0 0 0 Joseph Comunale Jr 431919 0 0 0 0 0 26160 0 0 0 458079 0 0 0 Keith Hentel 391535 0 0 0 0 0 20608 0 0 0 412143 0 0 0 Clifford Phillips 342750 0 0 0 0 0 27508 0 0 0 370258 0 0 0 Robert Zimmerman 351135 0 0 0 0 0 24548 0 0 0 375683 0 0 0 Andrew Collins 320516 0 0 0 0 0 34303 0 0 0 354819 0 0 0 FORM 990, PART VI, QUESTION 2 DESCRIPTION OF BUSINESS RELATIONSHIPS President Robert J. Min, M.D. and Directors Stephen M. Cohen, Michael Stewart, M.D., Daniel M. Knowles, M.D. and officers Thomas Stokes and Martin Doyle are all employees of Cornell. Dr. Min is President and Mr. Cohen, Dr. Stewart and Dr. Knowles are each Directors of MRSI Management, Inc. which is one of the two corporate Members. Thomas Stokes is CFO of Weill Cornell Imaging at New York-Presbyterian. Martin Doyle is Director of Finance at Weill Cornell Physician Organization. Director/Treasurer Gary J. Zuar, Secretary Kathleen M. Burke and Directors Steven J. Corwin, M.D., Laura D. Forese, M.D., M.P.H and Robert Kelly, M.D., and officer Melissa Welch, J.D. are all employees of NYPH and President Robert J. Min, M.D. serves as the Radiologist-in-Chief of NYPH (Weill Cornell campus). Dr. Corwin was Executive Vice President and Chief Operating Officer (term exp 10/10/11), Dr. Kelly is Executive Vice President and Chief Operating Officer (Term Began 10/11/11), Dr. Forese is Senior Vice President, Mr. Zuar is Senior Vice President and Ms. Burke is Vice President of NYPH and Dr. Corwin, Dr. Kelly, Dr. Forese and Mr. Zuar are Directors of NYP Services, Inc., which is one of the two corporate Members. Melissa Welch is Assistant Corporate Secretary. Each of the persons listed as the highest compensated employees in Part VII Line 1.b is an employee of Cornell, whose services have been provided to WCINYP through the Medical Services Agreement and Staff Leasing Agreement. President Robert J. Min, M.D. and Directors Stephen M. Cohen, Michael Stewart, M.D. and Daniel M. Knowles, M.D. are all employees of Cornell. FORM 990, PART VI, QUESTION 6 DESCRIPTION OF CLASSES OF MEMBERS OR STOCKHOLDERS THE ORGANIZATION HAS TWO MEMBERS - NYP SERVICES, INC. AND MRSI MANAGEMENT, INC. FORM 990, PART VI, QUESTION 7A DESCRIPTION OF CLASSES OF PERSONS AND THEIR RIGHTS THE CORPORATION HAS 2 MEMBERS - NYP SERVICES, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("NYPS"), AND MRSI MANAGEMENT, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("MRSI"). NOTWITHSTANDING ANY OTHER PROVISION OF THESE BY-LAWS, THE MEMBERS, BY THEIR MUTUAL WRITTEN CONSENT, SHALL HAVE EXCLUSIVE AUTHORITY TO TAKE ANY OF THE FOLLOWING ACTIONS: *ADOPTING OR MATERIALLY REVISING THE CORPORATION'S BUSINESS PLAN; *APPROVING ANY NEW LINE OF BUSINESS OTHER THAN SUCH LINES SPECIFIED IN THE CERTIFICATE OF INCORPORATION OR THE CORPORATION'S BUSINESS PLAN; *APPROVING OR FUNDING ANY SUBSIDIARY, OR ANY MATERIAL INVESTMENT IN A JOINT VENTURE, AFFILIATE OR OTHER ORGANIZATION; *APPROVING ANY EXPENDITURE OF $500,000 OR MORE, OR INCURRING ANY DEBT OR OBLIGATION IN EXCESS OF $100,000; *APPROVING ANY MERGER OR CONSOLIDATION; *APPROVING THE SALE, LEASE, EXCHANGE OR OTHER DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE CORPORATION'S ASSETS, OTHER THAN IN DISSOLUTION; *CREATING ANY NEW CLASS OR CLASSES OF MEMBERS, OR ADMITTING ANY NEW MEMBER, WHETHER BY APPROVING THE TRANSFER, ASSIGNMENT OR SALE OF A MEMBERSHIP INTEREST OR OTHERWISE; *APPROVING THE PLEDGE, ENCUMBRANCE OR DISPOSAL OF ALL OR ANY PART OF A MEMBERSHIP INTEREST IN THE CORPORATION; *ADOPTING ANY AMENDMENT, ALTERATION OR REPEAL OF ALL OR ANY PART OF THE CERTIFICATE OF INCORPORATION OR THESE BY-LAWS FORM 990, PART VI, QUESTION 7B DESCRIBE CLASSES OF PERSONS, DECISIONS REQUIRING APPR & TYPE OF VOTING RIGHTS CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MRSI MANAGEMENT, INC. AND NYP SERVICES, INC. FORM 990, PART VI, QUESTION 11B DESCRIBE THE PROCESS USED BY MANAGEMENT &/OR GOVERNING BODY TO REVIEW 990 THE FORM 990 IS CIRCULATED TO ALL THE BOARD MEMBERS BEFORE SUBMISSION, AND IT IS REVIEWED AND APPROVED FOR FILING BY THE AUDIT COMMITTEE OF THE BOARD. FORM 990, PART VI, QUESTION 12C DESCRIPTION OF PROCESS TO MONITOR TRANSACTIONS FOR CONFLICTS OF INTEREST WEILL CORNELL IMAGING AT NEWYORK-PRESBYTERIAN (WCINYP) ADHERES TO A CONFLICT OF INTEREST (COI) POLICY THAT WAS APPROVED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES. THE POLICY STATES: "THE PURPOSE OF THE CONFLICT OF INTEREST POLICY, IN ACCORDANCE WITH ARTICLE VII OF THE NEW YORK NOT-FOR-PROFIT CORPORATION LAW, IS TO PROTECT THE INTERESTS OF WEILL CORNELL IMAGING AT NEW YORK- PRESBYTERIAN ("ORGANIZATION") WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION OR ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER, DIRECTOR OR KEY ADMINISTRATOR OF THE ORGANIZATION OR MIGHT RESULT IN A POSSIBLE EXCESS BENEFIT TRANSACTION." THE POLICY INCLUDES INSTRUCTIONS FOR AD-HOC DISCLOSURES AS WELL AS AN ANNUAL PROCESS FOR DISCLOSING AND EVALUATING CONFLICT OF INTEREST. UNDER "DUTY TO DISCLOSE" THE POLICY STATES: "IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIALS FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT." UNDER "DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS" THE POLICY STATES: "AFTER DISCOURSE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS." WITH REGARD TO THE ANNUAL PROCESS THE POLICY STATES: "EACH DIRECTOR, OFFICER, KEY ADMINISTRATOR AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE DISCLOSING ANY FINANCIAL INTERESTS SUCH PERSON HAS AS WELL ANY OTHER POTENTIAL CONFLICTS OF INTEREST WITH THE ORGANIZATION THAT THE BOARD MAY INQUIRE ABOUT. THE QUESTIONNAIRE MAY REQUEST INFORMATION, FOR EXAMPLE, ABOUT ANY RELATIONSHIPS SUCH PERSON HAS WITH COMPETITORS OF THE ORGANIZATION. ALL PERSONS COMPLETING THE QUESTIONNAIRE SHALL SIGN A STATEMENT AFFIRMING SUCH PERSON: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THE ORGANIZATION IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES." FORMS ARE SUBMITTED TO THE COMPLIANCE OFFICER AND ANY FORMS THAT DISCLOSE POTENTIAL CONFLICTS ARE REVIEWED BY THE COMPLIANCE OFFICER AND THE WCINYP PRESIDENT. THEIR RECOMMENDATIONS IN TERMS OF ADJUDICATING ACTUAL OR POTENTIAL CONFLICTS ARE THEN SUBMITTED TO THE AUDIT COMMITTEE FOR FINAL REVIEW AND APPROVAL. LETTERS ARE SENT TO THE INDIVIDUAL WHO SUBMITTED THE FORM ADVISING HIM/HER OF THE REQUIRED COURSE OF ACTION TO RESOLVE OR MANAGE THE CONFLICTS. COPIES ARE SENT TO THE INDIVIDUAL'S SUPERVISOR. FORM 990, PART VI, QUESTION 15A AND 15B OFFICES & POSITIONS FOR WHICH PROCESS WAS USED, & YEAR PROCESS WAS BEGUN THERE ARE NO INDIVIDUALS WHO CURRENTLY RECEIVE COMPENSATION FROM WCINYP. EACH OF THE OFFICERS AND DIRECTORS OF WCINYP ARE FULL TIME EMPLOYEES OF EITHER CORNELL OR NYPH, WHICH ARE EACH NON-PROFIT 501(C)(3) PUBLIC CHARITIES, AND THEIR COMPENSATION ARRANGEMENTS WITH THEIR RESPECTIVE EMPLOYERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICIES OF THOSE INSTITUTIONS, ARE APPROVED IN ADVANCE BY THE RESPECTIVE BOARDS OF DIRECTORS, ARE SET FORTH IN WRITING, AND ARE BASED ON COMPENSATION SURVEYS OF SIMILAR SITUATED ORGANIZATIONS FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS BY INDEPENDENT FIRMS, AND IN SOME CASES ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. WCINYP HAS ENTERED INTO A STAFF LEASING AGREEMENT WITH CORNELL, WHICH INCLUDES THE SERVICES OF THE MEDICAL DIRECTOR, WHO ALSO SERVES AS PRESIDENT OF WCINYP, AND WCINYP HAS ENTERED INTO A MEDICAL SERVICES AGREEMENT, WHICH INCLUDES SERVICES OF PHYSICIANS EMPLOYED BY CORNELL. THROUGH THOSE ARRANGEMENTS WHICH WERE APPROVED BY THE WCINYP BOARD OF DIRECTORS, WCINYP REIMBURSES CORNELL FOR ITS COSTS OF EMPLOYING SUCH INDIVIDUALS, WHICH COST TO CORNELL IS DETERMINED BASED ON MARKET CONDITIONS. FORM 990, PART VI, QUESTION 19 AVAIL OF GOV DOCS, CONFLICT OF INTEREST POLICY, & FIN STMTS TO GEN PUBLIC EXTERNAL REQUESTS FOR OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE REVIEWED FOR VALIDITY. THESE REQUESTS ARE THEN GRANTED IF DEEMED APPROPRIATE. FORM 990, PART XI, LINE 5 RECONCILIATION OF NET ASSETS OTHER CHANGES IN NET ASSETS OR FUND BALANCE OF $10,000,000 REPRESENTS TWO DISTRIBUTIONS of $5,000,000 TO WEILL CORNELL MEDICAL COLLEGE AND THE NEW YORK PRESBYTERIAN HOSPITAL.