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Nonprofiteer
← MTPC LLC

Form 990 for tax year 2023

Filed by MTPC LLC.

Totals

Total revenue
-$50,925,790
Total expenses
$24,710,078
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$8,478,915
Investment income
-$59,404,705
Other revenue
$0
Total assets, end of year
$29,493,191
Total liabilities, end of year
$166,436,377
Net assets or fund balances, end of year
-$136,943,186
Program services expenses (Part IX)
$21,942,943
Management and general expenses
$2,767,135
Fundraising expenses
$0
Program service expenses (Part III)
$21,942,943

Program services were 88.8% 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.

  • 2a · Program service revenue: PATIENT SERVICES

    total $8,478,915 · related or exempt $8,478,915

  • 3 · Investment income

    total $38,453 · excluded $38,453

  • 7a · Gross sales of assets other than inventory

    other assets $96,916,474

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

    other assets $156,359,632

  • 7c · Gain or loss

    other assets -$59,443,158

  • 7d · Net gain or loss

    total -$59,443,158 · excluded -$59,443,158

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,978,751 · program services $1,978,751

  • 8 · Pension plan contributions

    total $78,096 · program services $78,096

  • 9 · Other employee benefits

    total $210,944 · program services $210,944

  • 10 · Payroll taxes

    total $163,194 · program services $163,194

  • 11a · Fees: management

    total $1,083,725 · management and general $1,083,725

  • 11g · Fees: other

    total $7,267,449 · program services $7,147,393 · management and general $120,056

  • 12 · Advertising and promotion

    total $317,392 · management and general $317,392

  • 13 · Office expenses

    total $8,255 · management and general $8,255

  • 14 · Information technology

    total $108,171 · management and general $108,171

  • 16 · Occupancy

    total $295,658 · management and general $295,658

  • 17 · Travel

    total $63,862 · management and general $63,862

  • 20 · Interest

    total $8,710,706 · program services $8,710,706

  • 22 · Depreciation, depletion and amortization

    total $1,310,602 · program services $1,310,602

  • 23 · Insurance

    total $460,314 · management and general $460,314

  • 24a · Other expenses: MAINTENANCE & REPAIRS

    total $1,771,919 · program services $1,771,919

  • 24b · Other expenses: MEDICAL SUPPLIES

    total $341,839 · program services $341,839

  • 24c · Other expenses: TRAINING

    total $245,201 · management and general $245,201

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $229,019 · program services $229,019

  • 24e · All other expenses

    total $64,981 · program services $480 · management and general $64,501

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $478,652 · end of year $12,840,476

  • 2 · Savings and temporary cash investments

    beginning of year $26,531 · end of year $26,598

  • 4 · Accounts receivable

    beginning of year $5,598,725 · end of year $6,374,348

  • 8 · Inventories for sale or use

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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $224,225 · end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $79,394,633 · end of year $0

  • 15 · Other assets

    beginning of year $10,429,435 · end of year $10,251,769

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,582,410 · end of year $11,808,540

  • 20 · Tax-exempt bond liabilities

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

  • 25 · Other liabilities

    beginning of year $27,408,535 · end of year $35,967,837

  • 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 -$61,307,318 · end of year -$136,943,186

Mission and programs · 2023

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 $21,942,943 · Revenue $8,478,915

As filed on the 2023 return.

Listed in Part VII

  • Jeffrey Patton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Scott Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Terry Douglass

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Robert Ratze

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Crabtree

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mary Lou Dubois

    PRESIDENT

    Total calculated
    $125,700
    From this org
    $122,622
    From related orgs
    $0
    Other
    $3,078
    Hours/week
    1 + 2 related

  • Robert Vincill

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Charles Aiken

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 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.

  • SAM REAL ESTATE LLC

    $78,104,545

    Disposition · LAND, BUILDINGS, AND EQUIPMENT · May 31, 2023 · PARTNERSHIP

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202433189349306348

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