Milwaukee Regional Medical Center Thermal Service Inc
- Assets
- $234.7m
- Revenue
- $32.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3768736
Organization Overview
Milwaukee Regional Medical Center Thermal Service Inc is located in Milwaukee, WI. The organization was established in 2014. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milwaukee Regional Medical Center Thermal Service Inc 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PURPOSE IS TO PROVIDE STEAM AND CHILLED WATER TO THE MEMBERS OF MRMC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MILWAUKEE REGIONAL MEDICAL CENTER THERMAL SERVICE, INC. PURPOSE IS TO PROVIDE STEAM AND CHILLED WATER TO THE MEMBERS OF MRMC. IN APRIL 2016, MRMC THERMAL BEGAN PROVIDING HEATING AND COOLING SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Simi President | OfficerTrustee | 5 | $0 |
Jeff Bornemann Board Chair | OfficerTrustee | 1 | $0 |
Matt Wade Vice Chair | OfficerTrustee | 1 | $0 |
Scott Hawig Treasurer | OfficerTrustee | 1 | $0 |
Barclay Ferguson Secretary (through 09/2021) | OfficerTrustee | 1 | $0 |
Chris Kops Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ever-green Energy Inc Operations Manager | 12/30/21 | $10,302,093 |
Kinect Energy Inc Energy Provider Gas | 12/30/21 | $3,812,519 |
We Energies Energy Provider Electric | 12/30/21 | $2,212,891 |
Milwaukee Regional Medical Center Water Water, Storm, Sewer Provider | 12/30/21 | $1,080,873 |
Milwaukee Regional Medical Center Inc Accounting, It And Other Support Service | 12/30/21 | $627,530 |
View All Vendors
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 | $32,144,915 |
| Investment income | $5,637 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $32,150,552 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,476 |
| Fees for services: Accounting | $28,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $408,558 |
| Advertising and promotion | $0 |
| Office expenses | $210,088 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $189,576 |
| Travel | $9,973 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,882,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,655,398 |
| Insurance | $727,357 |
| All other expenses | $0 |
| Total functional expenses | $32,198,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,375,134 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,461,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $716,603 |
| Prepaid expenses and deferred charges | $511,539 |
| Net Land, buildings, and equipment | $214,590,980 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $234,655,372 |
| Accounts payable and accrued expenses | $5,728,271 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $211,602,526 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $518,157 |
| Total liabilities | $232,848,954 |
| Net assets without donor restrictions | $1,806,418 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $234,655,372 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Edward Health Ventures Naperville, IL | $136,057,032 | $72,129,789 |
Sinai Health System Chicago, IL | $281,453,478 | $93,419,606 |
Freeport Regional Health Care Found Ation Freeport, IL | $44,647,544 | $45,400,897 |
Teamsters Local 346 Health Fund Trust Bloomington, MN | $55,790,921 | $66,782,892 |
Ann & Robert H Lurie Childrens Hospital Of Chicago Foundation Chicago, IL | $630,869 | $58,277,786 |
Healthpartners Institute Minneapolis, MN | $92,324,263 | $47,741,048 |
Cincinnati Bell Health And Welfare Trust Milwaukee, WI | $10,960 | $35,872,247 |
Childrens Hospital Of Wisconsin Foundation Inc Milwaukee, WI | $1,206,475,471 | $94,444,184 |
International Brotherhood Of Elec Workers 683 Health & Welfare Fund Lansing, MI | $27,261,838 | $34,571,326 |
Milwaukee Regional Medical Center Thermal Service Inc Milwaukee, WI | $234,655,372 | $32,150,552 |
Midwest Medical Center Galena, IL | $42,348,172 | $34,873,960 |
Versiti Inc Milwaukee, WI | $31,675,126 | $28,432,711 |