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Nonprofiteer
← MTPC LLC

Form 990 for tax year 2022

Filed by MTPC LLC.

Totals

Total revenue
$17,574,862
Total expenses
$33,760,005
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$17,566,987
Investment income
$7,875
Other revenue
$0
Total assets, end of year
$96,343,627
Total liabilities, end of year
$157,650,945
Net assets or fund balances, end of year
-$61,307,318
Program services expenses (Part IX)
$28,648,650
Management and general expenses
$5,111,355
Fundraising expenses
$0
Program service expenses (Part III)
$28,648,650

Program services were 84.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PATIENT SERVICES

    total $17,566,987 · related or exempt $17,566,987

  • 3 · Investment income

    total $7,875 · excluded $7,875

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,019,103 · program services $5,019,103

  • 8 · Pension plan contributions

    total $154,452 · program services $154,452

  • 9 · Other employee benefits

    total $324,227 · program services $324,227

  • 10 · Payroll taxes

    total $348,287 · program services $348,287

  • 11a · Fees: management

    total $1,938,224 · management and general $1,938,224

  • 11c · Fees: accounting

    total $2,770 · management and general $2,770

  • 11g · Fees: other

    total $2,705,839 · program services $2,441,731 · management and general $264,108

  • 12 · Advertising and promotion

    total $1,135,715 · management and general $1,135,715

  • 13 · Office expenses

    total $25,667 · management and general $25,667

  • 14 · Information technology

    total $101,943 · management and general $101,943

  • 16 · Occupancy

    total $779,285 · management and general $779,285

  • 17 · Travel

    total $157,922 · management and general $157,922

  • 20 · Interest

    total $8,789,686 · program services $8,789,686

  • 22 · Depreciation, depletion and amortization

    total $5,297,949 · program services $5,209,666 · management and general $88,283

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $4,624,629 · program services $4,624,629

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $893,114 · program services $893,114

  • 24c · Other expenses: MEDICAL SUPPLIES

    total $842,652 · program services $842,652

  • 24d · Other expenses: MEETINGS & CONVENTIONS

    total $675 · program services $675

  • 24e · All other expenses

    total $617,866 · program services $428 · management and general $617,438

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,258,769 · end of year $478,652

  • 2 · Savings and temporary cash investments

    beginning of year $26,493 · end of year $26,531

  • 4 · Accounts receivable

    beginning of year $3,795,165 · end of year $5,598,725

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $191,426

  • 9 · Prepaid expenses and deferred charges

    beginning of year $145,722 · end of year $224,225

  • 10a · Land, buildings and equipment: cost or other basis

    $96,614,909

  • 10b · Land, buildings and equipment: accumulated depreciation

    $17,220,276

  • 10c · Land, buildings and equipment, net

    beginning of year $72,194,528 · end of year $79,394,633

  • 15 · Other assets

    beginning of year $22,786,435 · end of year $10,429,435

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,806,423 · end of year $11,582,410

  • 20 · Tax-exempt bond liabilities

    beginning of year $118,660,000 · end of year $118,660,000

  • 25 · Other liabilities

    beginning of year $18,862,864 · end of year $27,408,535

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$45,122,175 · end of year -$61,307,318

Mission and programs · 2022

Mission

THE PURPOSE OF THE ORGANIZATION IS THE OPERATION OF A PROTON THERAPY TREATMENT CENTER FOR THE TREATMENT OF CANCER AND THE RELIEF OF SUFFERING FOR MEMBERS OF THE COMMUNITY.

  • THE ORGANIZATION PROVIDES RADIATION THERAPY AND ONCOLOGY PATIENT SERVICES AND TREATMENT IN TENNESSEE AND ADJOINING AREAS OF ALABAMA, MISSISSIPPI, AND KENTUCKY.

    Expenses $28,648,650 · Revenue $17,566,987

As filed on the 2022 return.

Listed in Part VII

  • Jeffrey Patton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Terry Douglass

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Robert Ratze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Crabtree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Vincill

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charles Aiken

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Mary Lou Dubois

    INTERIM PRESIDENT

    Total calculated
    $357,001
    From this org
    $129,136
    From related orgs
    $206,831
    Other
    $21,034
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $129,136 + $206,831 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,441 related
    Nontaxable benefits
    $976 + $6,617 related
    Filer's total
    $130,112 + $226,889 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202342129349301309

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