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Nonprofiteer
← PROTON THERAPY CENTER LLC

Form 990 for tax year 2022

Filed by PROTON THERAPY CENTER LLC.

Totals

Total revenue
-$17,887,682
Total expenses
$21,606,697
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$10,756,512
Investment income
-$28,644,194
Other revenue
$0
Total assets, end of year
$23,729,500
Total liabilities, end of year
$114,428,178
Net assets or fund balances, end of year
-$90,698,678
Program services expenses (Part IX)
$19,819,006
Management and general expenses
$1,787,691
Fundraising expenses
$0
Program service expenses (Part III)
$19,819,006

Program services were 91.7% 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 $10,756,512 · related or exempt $10,756,512

  • 7a · Gross sales of assets other than inventory

    other assets $640,653,002

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

    other assets $669,297,196

  • 7c · Gain or loss

    other assets -$28,644,194

  • 7d · Net gain or loss

    total -$28,644,194 · excluded -$28,644,194

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $226,889 · program services $226,889

  • 7 · Other salaries and wages

    total $1,963,798 · program services $1,963,798

  • 8 · Pension plan contributions

    total $69,645 · program services $69,645

  • 9 · Other employee benefits

    total $176,567 · program services $176,567

  • 10 · Payroll taxes

    total $177,733 · program services $177,733

  • 11a · Fees: management

    total $1,322,943 · management and general $1,322,943

  • 11b · Fees: legal

    total $216 · management and general $216

  • 11c · Fees: accounting

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

  • 11g · Fees: other

    total $4,824,582 · program services $4,725,564 · management and general $99,018

  • 12 · Advertising and promotion

    total $216,710 · program services $216,710

  • 13 · Office expenses

    total $10,835 · management and general $10,835

  • 14 · Information technology

    total $177,307 · management and general $177,307

  • 16 · Occupancy

    total $490,507 · program services $490,507

  • 17 · Travel

    total $11,855 · program services $11,855

  • 19 · Conferences, conventions and meetings

    total $1,312 · program services $1,312

  • 20 · Interest

    total $6,161,191 · program services $6,161,191

  • 22 · Depreciation, depletion and amortization

    total $2,267,346 · program services $2,267,346

  • 23 · Insurance

    total $150,014 · management and general $150,014

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $2,408,421 · program services $2,408,421

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $423,073 · program services $423,073

  • 24c · Other expenses: BAD DEBT EXPENSE

    total $318,234 · program services $318,234

  • 24d · Other expenses: BANK FEES

    total $24,588 · management and general $24,588

  • 24e · All other expenses

    total $180,161 · program services $180,161

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,162,776 · end of year $12,501,349

  • 4 · Accounts receivable

    beginning of year $10,208,850 · end of year $57,173

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,471

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $63,550,468

  • 15 · Other assets

    beginning of year $11,360,486 · end of year $11,170,980

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,380,590 · end of year $15,261,600

  • 20 · Tax-exempt bond liabilities

    beginning of year $106,913,232 · end of year $77,970,351

  • 23 · Secured mortgages and notes payable

    beginning of year $3,804,385 · end of year $3,804,385

  • 25 · Other liabilities

    beginning of year $11,456,143 · end of year $17,391,842

  • 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 $25,000 · end of year $25,000

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$51,229,299 · end of year -$90,723,678

Mission and programs · 2022

Mission

THE ORGANIZATION OPERATES A PROTON THERAPY CANCER TREATMENT CENTER IN KNOXVILLE, TENNESSEE, AND SERVICES A MULTI-STATE AREA IN THE SOUTHEASTERN UNITED STATES. PROTON THERAPY IS THE CUTTING EDGE OF RADIATION CANCER TREATMENT. IT IS AN ADVANCED FORM OF RADIATION THAT ALLOWS FOR PRECISION TREATMENT THAT LEAVES SURROUNDING TISSUE UNHARMED AND REDUCES SIDE EFFECTS.PROTON THERAPY CENTER'S GOAL IS TO HELP MAKE PROTON TREATMENT OPTIONS AVAILABLE FOR AS MANY PATIENTS AS POSSIBLE. OUR 90,000 SQ. FOOT FACILITY AND THE SURROUNDING DOWELL SPRINGS CAMPUS PROVIDE A NURTURING OASIS FOR PATIENTS AS THEY RECEIVE TREATMENT.WITH A WEALTH OF RESOURCES, COMPREHENSIVE CARE AND KNOWLEDGEABLE SPECIALISTS WITH YEARS OF EXPERIENCE, PROTON THERAPY CENTER SERVES AS AN IDEAL OPTION FOR PATIENTS IN NEED OF CANCER TREATMENT.

Activities or mission (Part I)

THE ORGANIZATION OPERATES A PROTON THERAPY CENTER IN KNOXVILLE, TENNESSEE, AND SERVICES A MULTI-STATE AREA IN THE SOUTHEASTERN UNITED STATES.

  • THE ORGANIZATION OPERATES A PROTON THERAPY CENTER IN KNOXVILLE, TENNESSEE, AND SERVICES A MULTI-STATE AREA IN THE SOUTHEASTERN UNITED STATES. THE ORGANIZATION PROVIDES COMPREHENSIVE CANCER TREATMENT UTILIZING THE LATEST AND MOST ADVANCED TREATMENT OPTIONS AVAILABLE. THE PROTON THERAPY CENTER TEAM IS COMPRISED OF LEADING SPECIALISTS, CLINICIANS AND EXPERTS WITH MORE THAN 50 YEARS OF PHYSICIAN AND IMAGING ONCOLOGY EXPERIENCE, AND THEY ARE PASSIONATE ABOUT PROVIDING EFFECTIVE AND PERSONAL CARE TO EACH PATIENT SERVED.

    Expenses $19,819,006 · Revenue $10,756,512

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Terry Douglass

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • Scott Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • James Blankemeyer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Lou Dubois

    PRESIDENT

    Total calculated
    $351,733
    From this org
    $206,831
    From related orgs
    $129,136
    Other
    $15,766
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $206,831 + $129,136 related
    Bonus
    $0
    Other
    $0
    Deferred
    $13,441
    Nontaxable benefits
    $1,349 + $976 related
    Filer's total
    $221,621 + $130,112 related

  • Robert Vincill

    TREASURER

    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. 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.

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.

  • COVENANT HEALTH

    $61,285,680

    Disposition · LAND, BUILDINGS AND EQUIPMENT · Jul 18, 2022 · 501(C)(3)

Provenance

Return type
form_990
Tax year
2022
Filed
27 October 2023
IRS schema version
2022v5.0
Source object
202323059349300927

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