Proton Therapy Center Llc
- Assets
- $23.7m
- Revenue
- -$17.9m
- Investments
- $0.0
- Employees
- 60
- Location
- Knoxville, TN
- Founding
- 06/2012
- Data as of
- 12/2022
- EIN
- 27-3064209
Organization Overview
Proton Therapy Center Llc is located in Knoxville, TN. The organization was established in 2012. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Proton Therapy Center Llc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Proton Therapy Center Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OPERATES A PROTON THERAPY CENTER IN KNOXVILLE, TENNESSEE, AND SERVICES A MULTI-STATE AREA IN THE SOUTHEASTERN UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Douglass Director/chairman | OfficerTrustee | 1 | $0 |
Scott Hamilton Director | Trustee | 1 | $0 |
James Blankemeyer Director | Trustee | 1 | $0 |
Mary Lou Dubois President | Officer | 40 | $206,831 |
Robert Vincill Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Houlihan Lokey Capital Inc Financial Restructuring Consultant | 12/30/22 | $1,547,253 |
Mcdermott Will & Emory Llp Legal Services | 12/30/22 | $1,201,430 |
Foley & Lardner Llp Legal Services | 12/30/22 | $180,073 |
Sills Cummis & Gross Pc Legal Services | 12/30/22 | $143,675 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $10,756,512 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,644,194 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$17,887,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $226,889 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,963,798 |
| Pension plan accruals and contributions | $69,645 |
| Other employee benefits | $176,567 |
| Payroll taxes | $177,733 |
| Fees for services: Management | $1,322,943 |
| Fees for services: Legal | $216 |
| Fees for services: Accounting | $2,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,824,582 |
| Advertising and promotion | $216,710 |
| Office expenses | $10,835 |
| Information technology | $177,307 |
| Royalties | $0 |
| Occupancy | $490,507 |
| Travel | $11,855 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,312 |
| Interest | $6,161,191 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,267,346 |
| Insurance | $150,014 |
| All other expenses | $180,161 |
| Total functional expenses | $21,606,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,501,349 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $57,173 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,170,980 |
| Total assets | $23,729,500 |
| Accounts payable and accrued expenses | $15,261,600 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $77,970,351 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,804,385 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,391,842 |
| Total liabilities | $114,428,178 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $25,000 |
| Retained earnings, endowment, accumulated income, or other funds | -$90,723,678 |
| Total liabilities and net assets/fund balances | $23,729,500 |