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Nonprofiteer
← MTPC LLC

Form 990 for tax year 2024

Filed by MTPC LLC.

Totals

Total revenue
$139,790,730
Total expenses
$2,800,388
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$12,659,517
Other revenue
$127,131,213
Total assets, end of year
$47,156
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$47,156
Program services expenses (Part IX)
$2,794,228
Management and general expenses
$6,160
Fundraising expenses
$0
Program service expenses (Part III)
$2,794,228

Program services were 99.8% 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.

  • 3 · Investment income

    total $35,568,786 · related or exempt $35,568,786

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

    other assets $22,909,269

  • 7c · Gain or loss

    other assets -$22,909,269

  • 7d · Net gain or loss

    total -$22,909,269 · excluded -$22,909,269

  • 11a · Other revenue: INCOME FROM DEBT FORGIVENESS

    total $118,726,743 · related or exempt $118,726,743

  • 11b · Other revenue: MISCELLANEOUS INCOME

    total $8,404,470 · related or exempt $8,404,470

  • 11e · Other revenue, total

    $127,131,213

Functional expenses

Part IX, the statement of functional expenses.

  • 9 · Other employee benefits

    total $2,173 · program services $2,173

  • 11c · Fees: accounting

    total $3,275 · management and general $3,275

  • 11g · Fees: other

    total $2,896 · program services $2,896

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $2,789,159 · program services $2,789,159

  • 24b · Other expenses: COGS - LABOR

    total $1,401 · management and general $1,401

  • 24c · Other expenses: LICENSES AND PERMITS

    total $878 · management and general $878

  • 24d · Other expenses: BANK CHARGES

    total $606 · management and general $606

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,840,476 · end of year $20,492

  • 2 · Savings and temporary cash investments

    beginning of year $26,598 · end of year $26,664

  • 4 · Accounts receivable

    beginning of year $6,374,348 · end of year $0

  • 15 · Other assets

    beginning of year $10,251,769 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,808,540 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $118,660,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $35,967,837 · end of year $0

  • 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 -$136,943,186 · end of year $47,156

Mission and programs · 2024

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 $2,794,228

As filed on the 2024 return.

Listed in Part VII

  • Mary Lou Dubois

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 2 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.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • MTPC LLC LIQUIDATING TRUST

    $12,725,091

    Disposition · CASH · Dec 31, 2024 · TRUST

  • MTPC LLC LIQUIDATING TRUST

    $2,789,159

    Disposition · ACCOUNTS RECEIVABLE · Dec 31, 2024 · TRUST

  • MTPC LLC LIQUIDATING TRUST

    $1,229,923

    Disposition · LOAN CLOSING COSTS · Dec 31, 2024 · TRUST

  • MTPC LLC LIQUIDATING TRUST

    $9,021,845

    Disposition · RESTRICTED CASH/RESERVE FUND · Dec 31, 2024 · TRUST

Provenance

Return type
form_990
Tax year
2024
Filed
2 October 2025
IRS schema version
2024v5.2
Source object
202502769349300310

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