Mtpc Llc
- Assets
- $96.3m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 74
- Location
- Knoxville, TN
- Founding
- 10/2015
- Data as of
- 12/2022
- EIN
- 47-2775340
Organization Overview
Mtpc Llc is located in Knoxville, TN. The organization was established in 2015. 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, Mtpc Llc employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mtpc Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mtpc Llc generated $17.6m in total revenue. All expenses for the organization totaled $33.8m during the year ending 12/2022. While expenses have increased by 44.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES RADIATION THERAPY AND ONCOLOGY PATIENT SERVICES AND TREATMENT IN TENNESSEE AND ADJOINING AREAS OF ALABAMA, MISSISSIPPI, AND KENTUCKY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Patton Director | Trustee | 1 | $0 |
Scott Hamilton Director | Trustee | 1 | $0 |
Terry Douglass Director/chairman | Trustee | 1 | $0 |
Robert Ratze Director | Trustee | 1 | $0 |
Michael Crabtree Director | Trustee | 1 | $0 |
Robert Vincill Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foley & Lardner Llp Legal Fees | 12/30/21 | $428,758 |
Tennessee Oncology Medical Director/professional Physician | 12/30/21 | $1,651,998 |
Houlihan Lokey Capital Inc Financial Consulting | 12/30/21 | $403,773 |
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 | $17,566,987 |
| Investment income | $7,875 |
| 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 | $17,574,862 |
| 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 | $5,019,103 |
| Pension plan accruals and contributions | $154,452 |
| Other employee benefits | $324,227 |
| Payroll taxes | $348,287 |
| Fees for services: Management | $1,938,224 |
| Fees for services: Legal | $0 |
| 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 | $2,705,839 |
| Advertising and promotion | $1,135,715 |
| Office expenses | $25,667 |
| Information technology | $101,943 |
| Royalties | $0 |
| Occupancy | $779,285 |
| Travel | $157,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,789,686 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,297,949 |
| Insurance | $0 |
| All other expenses | $617,866 |
| Total functional expenses | $33,760,005 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478,652 |
| Savings and temporary cash investments | $26,531 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,598,725 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $191,426 |
| Prepaid expenses and deferred charges | $224,225 |
| Net Land, buildings, and equipment | $79,394,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,429,435 |
| Total assets | $96,343,627 |
| Accounts payable and accrued expenses | $11,582,410 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $118,660,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $27,408,535 |
| Total liabilities | $157,650,945 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$61,307,318 |
| Total liabilities and net assets/fund balances | $96,343,627 |