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Nonprofiteer
← TMC HOLDINGS INC

Form 990 for tax year 2024

Filed by TMC HOLDINGS INC.

Totals

Total revenue
$32,010,144
Total expenses
$11,086,595
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,216,183
Investment income
$18,733,452
Other revenue
$60,509
Total assets, end of year
$100,389,744
Total liabilities, end of year
$25,954,824
Net assets or fund balances, end of year
$74,434,920
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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: RENTAL INCOME

    total $13,151,470 · related or exempt $13,151,470

  • 2b · Program service revenue: MISCELLANEOUS REVENUE

    total $64,713 · related or exempt $64,713

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $564,529 · excluded $564,529

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,901,704 · other assets $18,347,158

  • 7b · Less cost or other basis and sales expenses

    securities $1,818,795 · other assets $261,144

  • 7c · Gain or loss

    securities $82,909 · other assets $18,086,014

  • 7d · Net gain or loss

    total $18,168,923 · excluded $18,168,923

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: GAIN ON INVESTMENT IN SUBSIDY

    total $60,509 · excluded $60,509

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $60,509

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $206,712

  • 9 · Other employee benefits

    total $25,179

  • 10 · Payroll taxes

    total $9,293

  • 11a · Fees: management

    total $385,992

  • 11b · Fees: legal

    total $22,744

  • 11f · Fees: investment management

    total $21,346

  • 11g · Fees: other

    total $862,460

  • 12 · Advertising and promotion

    total $42,524

  • 13 · Office expenses

    total $190,873

  • 14 · Information technology

    total $719

  • 16 · Occupancy

    total $4,060,212

  • 20 · Interest

    total $204,053

  • 22 · Depreciation, depletion and amortization

    total $3,281,276

  • 23 · Insurance

    total $28,317

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,126,035

  • 24b · Other expenses: LICENSES, DUES, SUBSCRIPTIONS

    total $339,787

  • 24c · Other expenses: HEALTH SYSTEM ALLOCATION

    total $278,448

  • 24d · Other expenses: RECRUITMENT AND RETENTION

    total $625

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,524,583 · end of year $26,254,003

  • 2 · Savings and temporary cash investments

    beginning of year $25,144 · end of year $23,716

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $368,509 · end of year $370,529

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

    $108,825,983

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

    $52,923,370

  • 10c · Land, buildings and equipment, net

    beginning of year $53,442,651 · end of year $55,902,613

  • 11 · Investments: publicly traded securities

    beginning of year $8,863,510 · end of year $9,523,922

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $9,185,892 · end of year $8,314,961

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,116,534 · end of year $1,140,124

  • 20 · Tax-exempt bond liabilities

    beginning of year $16,000,000 · end of year $16,000,000

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,707,973 · end of year $8,814,700

  • 27 · Net assets without donor restrictions

    beginning of year $53,585,782 · end of year $74,434,920

Mission and programs · 2024

Mission

SUPPORT TUCSON MEDICAL CENTER, A 501(C)(3) ORGANIZATION. HOLDS TITLE TO PROPERTY AND TURN PROFITS OVER TO TUCSON MEDICAL CENTER.

  • SUPPORT TUCSON MEDICAL CENTER (EIN 86-0137567), A 501(C)(3) CORPORATION. HOLDS TITLE TO PROPERTY, COLLECTS INCOME FROM PROPERTY AND REMITS TO TMC HEALTHCARE (EIN 20-2218975) COLLECTIONS LESS EXPENSES FOR PROPERTY. TMC HEALTHCARE THEN DISTRIBUTES THESE EARNINGS TO TUCSON MEDICAL CENTER.

As filed on the 2024 return.

Listed in Part VII

  • JON YOUNG

    BOARD CHAIR

    Total calculated
    $40,000
    From this org
    $0
    From related orgs
    $40,000
    Other
    $0
    Hours/week
    1 + 1 related

  • BRANDT HAZEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • CHRIS YOUNG

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LEX SEARS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • PETER TRICE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD PREVALLET

    BOARD MEMBER

    Total calculated
    $17,067
    From this org
    $0
    From related orgs
    $17,067
    Other
    $0
    Hours/week
    1 + 39 related

  • ALEXANDER HORVATH

    CHIEF HUMAN RESOURCES OFFICER

    Total calculated
    $615,601
    From this org
    $0
    From related orgs
    $582,696
    Other
    $32,905
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $402,148 related
    Bonus
    $0 + $71,954 related
    Other
    $0 + $108,594 related
    Deferred
    $0 + $10,350 related
    Nontaxable benefits
    $0 + $22,555 related
    Filer's total
    $0 + $615,601 related

  • JENNIFER MENDRZYCKI

    CHIEF EXECUTIVE OFFICER BEG 04/24

    Total calculated
    $1,049,755
    From this org
    $0
    From related orgs
    $846,970
    Other
    $202,785
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $737,533 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $9,437 related
    Deferred
    $0 + $183,402 related
    Nontaxable benefits
    $0 + $19,383 related
    Filer's total
    $0 + $1,049,755 related

  • JUDITH RICH

    CHIEF EXECUTIVE OFFICER END 04/24

    Total calculated
    $1,230,476
    From this org
    $0
    From related orgs
    $1,207,962
    Other
    $22,514
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $687,723 related
    Bonus
    $0 + $278,937 related
    Other
    $0 + $241,302 related
    Deferred
    $0 + $9,974 related
    Nontaxable benefits
    $0 + $12,540 related
    Filer's total
    $0 + $1,230,476 related

  • STEVE REICHLING

    CHIEF FINANCIAL OFFICER

    Total calculated
    $793,575
    From this org
    $0
    From related orgs
    $646,106
    Other
    $147,469
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $556,420 related
    Bonus
    $0 + $75,153 related
    Other
    $0 + $14,533 related
    Deferred
    $0 + $127,034 related
    Nontaxable benefits
    $0 + $20,435 related
    Filer's total
    $0 + $793,575 related

  • TIM REUSCHEL

    CHIEF LEGAL OFFICER

    Total calculated
    $660,866
    From this org
    $0
    From related orgs
    $525,776
    Other
    $135,090
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $418,703 related
    Bonus
    $0 + $80,071 related
    Other
    $0 + $27,002 related
    Deferred
    $0 + $106,519 related
    Nontaxable benefits
    $0 + $28,571 related
    Filer's total
    $0 + $660,866 related

  • STEPHEN BUSH

    FORMER CHIEF FINANCIAL OFFICER

    Total calculated
    $239,512
    From this org
    $0
    From related orgs
    $234,957
    Other
    $4,555
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,629 related
    Bonus
    $0
    Other
    $0 + $27,328 related
    Deferred
    $0 + $4,555 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $239,512 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
EXECUTIVES PARTICIPATING IN A SUPPLEMENTAL, NON QUALIFIED RETIREMENT PLAN: STEPHEN BUSH 2024 VESTED CONTRIBUTIONS INCLUDED IN W-2: $27,328 STEPHEN REICHLING 2024 NONVESTED CONTRIBUTIONS INCLUDED IN DEFERRED COMPENSATION: $116,684 ALEXANDER HORVATH 2024 VESTED CONTRIBUTIONS INCLUDED IN W-2: $86,496 JUDITH RICH 2024 VESTED CONTRIBUTIONS INCLUDED IN W-2: $204,242 JENNIFER MENDRZYCKI 2024 NONVESTED CONTRIBUTIONS INCLUDED IN DEFERRED COMPENSATION: $174,518 TIM REUSCHEL 2024 NONVESTED CONTRIBUTIONS INCLUDED IN DEFERRED COMPENSATION: $96,169
Schedule J, Part I, Line 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
TUCSON MEDICAL CENTER, A RELATED ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE TMC HEALTHCARE TOP MANAGEMENT OFFICIAL: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.1
Source object
202523159349302582

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