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The Medical Center Company
The Medical Center Company reported $44.0 million in revenue and $41.6 million in expenses for calendar year 2024. Of every $100 it spent, $91.38 went to program services, $8.62 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.8% of the total. The highest compensation it reported for one person was $500,438 (PRESIDENT AND CEO). 9 people received more than $100,000 in reportable compensation. Revenue rose 21% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $42MFor context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $44MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.4% | 84.9% |
| Management & general Part IX 25(C) ÷ 25(A) | 8.6% | 10.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | Not reported | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 0.0% | 83.8% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 98.8% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $500,438 | $357,133 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.20% | 1.52% |
| People paid over $100,000 Part VII, line 2 | 9 | 12 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.4 | 10.5 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseProduction and distribution of electricity, steam, hot water, chilled water, compressed air and vacuum for lighting, heat, power, cooling, and other purposes to various not-for-profit organizations. The activities include a client gas aggregation program of client members.mcco is an energy district facility with a commitment to reducing emissions and promoting clean energy. Mcco utilizes energy efficiency optimization processes and continues to pursue additional renewable, sustainable, and resilient alternatives including solar energy
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT AND CEO Officer, 40.00 hrs/week | $423,019 | $0 | $77,419 | $500,438 |
| EVP & COO Officer, 40.00 hrs/week | $262,710 | $0 | $63,753 | $326,463 |
| CFO/CAO Highest compensated employee, 40.00 hrs/week | $144,309 | $0 | $36,005 | $180,314 |
| CHIEF ENGINEER - MAINTENANCE Highest compensated employee, 40.00 hrs/week | $111,085 | $0 | $43,403 | $154,488 |
| CHIEF DISTRIBUTION TECH - SHOP Highest compensated employee, 40.00 hrs/week | $115,811 | $0 | $21,821 | $137,632 |
| STATIONARY ENGINEER - OPERATIONS Highest compensated employee, 40.00 hrs/week | $106,697 | $0 | $24,102 | $130,799 |
| STATIONARY ENGINEER - OPERATIONS Highest compensated employee, 40.00 hrs/week | $101,887 | $0 | $17,005 | $118,892 |
9 people received more than $100,000 in reportable compensation from The Medical Center Company (Part VII, line 2). Compensation of current officers, directors and key employees totaled $827K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 539
- Volunteers Part I, line 614
Correct a figure or respond
Every number above is copied from The Medical Center Company's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Medical Center Company, you can publish a response that is linked from this page.
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Of every $100 The Medical Center Company spent in 2024, $91.38 went to programs. The full breakdown, from its IRS Form 990:
Questions people ask
How much of The Medical Center Company's spending goes to programs?
In calendar year 2024, The Medical Center Company reported that 91.4% of its $41.6 million in expenses went to program services, 8.6% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does The Medical Center Company pay its top executive?
The largest total compensation The Medical Center Company reported for one person in calendar year 2024 was $500,438, for the role of PRESIDENT AND CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Medical Center Company get its money?
Of $44.0 million in revenue in calendar year 2024, 0.0% came from contributions and grants and 98.8% from program service revenue (Form 990, Part VIII).
Is The Medical Center Company a registered charity?
The IRS lists EIN 34-0714460 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513089349303221 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202443169349303944 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343189349302589 · read the filing
- 2021: Form 990 for calendar year 2021, object 202233189349302013 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123009349302052 · read the filing
- 2019: Form 990 for calendar year 2019, object 202002529349300650 · read the filing
All filings for EIN 34-0714460: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.