THE MEDICAL CENTER COMPANY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1932

Legal Domicile

Principal Officer

MC KING

Phone

2163684256

Tax Period

2023-01-01 to 2023-12-31

THE MEDICAL CENTER COMPANY, founded in 1932, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $40.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

NARRATIVE FOR FORM 990, PART I, LINE 1.

Program Service Accomplishments

Program 1

Expenses: $36,587,131 Revenue: $39,959,949

PRODUCTION 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...

PRODUCTION 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.MCCO IS A 100% NATURAL GAS-FIRE 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,959,949

Investment Income $679,628

Other Revenue $0

TOTAL REVENUE $40,639,577

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,169,609

Fundraising Expenses $0

Program Expenses $36,587,131

Other Expenses $35,311,184

TOTAL EXPENSES $39,480,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,639,577	$42,784,390	-0.1%
Expenses	$39,480,793	$40,629,431	0.0%
Net Income	$1,158,784	$2,154,959	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$718,594

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY BOND	VICE CHAIRMAN/SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
STEPHANIE CORBETT	TRUSTEE	1.00	Director	$0	$0	$0
IRVINE MCQUARRIE	TRUSTEE	1.00	Director	$0	$0	$0
KATHLEEN HEFLIN	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL LEE	EXECUTIVE COMMITTEE MEMBER	1.00	Officer Director	$0	$0	$0
JENNELL VICK	TRUSTEE	1.00	Director	$0	$0	$0
SONIA SALVINO	TRUSTEE	1.00	Director	$0	$0	$0
RON WILLNER	TRUSTEE	1.00	Director	$0	$0	$0
ANNAPURNA VALLURI	TRUSTEE	1.00	Director	$0	$0	$0
JOE FERRITO	TRUSTEE	1.00	Director	$0	$0	$0
GRANT GOODRICH	TRUSTEE	1.00	Director	$0	$0	$0
DEAN TUFTS	CHAIRMAN OF THE BOARD	1.00	Officer Director	$0	$0	$0
STATHIS ANTONIADES	EXECUTIVE COMMITTEE MEMBER	1.00	Officer Director	$0	$0	$0
RON NEILL	EXECUTIVE COMMITTEE MEMBER	1.00	Officer Director	$0	$0	$0
TRICIA BIRES	TRUSTEE	1.00	Director	$0	$0	$0
MC KING	PRESIDENT AND CEO	40.00	Officer	$357,806	$72,894	$430,700
HELENA REPIDONIS	VP OPERATIONS	40.00	Officer	$228,013	$59,881	$287,894
WILLIAM LUNG	STATIONARY ENGINEER - OPERATIONS	40.00	Highest	$109,544	$23,595	$133,139
ANDREW HARUBIN	STATIONARY ENGINEER - OPERATIONS	40.00	Highest	$108,407	$21,212	$129,619
CLINTON HENRY	STATIONARY ENGINEER - OPERATIONS	40.00	Highest	$102,577	$17,132	$119,709
MARK LAMPARELLI	LEAD DISTRIBUTION TECH - SHOP	40.00	Highest	$107,046	$19,781	$126,827
JEREMY URBASSIK	CHIEF ENGINEER - MAINTENANCE	40.00	Highest	$105,565	$37,479	$143,044
CHRIS PAKIZ	CFO / CAO	40.00	Highest	$136,512	$33,218	$169,730

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$40,639,577	$39,480,793	$103,622,765	$1,158,784
2022	$42,784,390	$40,629,431	$103,694,020	$2,154,959
2021	$38,605,475	$39,534,740	$101,880,014	$-929,265
2020	$35,976,171	$34,410,454	$104,418,027	$1,565,717
2019	$36,354,189	$36,900,114	$104,091,480	$-545,925
2018	$40,206,358	$38,944,549	$107,779,765	$1,261,809