Milwaukee Regional Medical Center Thermal Service Inc (EIN 463768736) - Form 990 Financial Analysis & Trantor Score

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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

2013

Legal Domicile

Phone

4147784570

Tax Period

2023-01-01 to 2023-12-31

Milwaukee Regional Medical Center Thermal Service Inc, founded in 2013, is a mid-sized nonprofit in the Health Care sector that reported $32.3M in total revenue in fiscal year 2023.

Mission

Purpose is to provide steam and chilled water to the members of MRMC.

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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 $119,601

Program Service Revenue $32,024,503

Investment Income $145,759

Other Revenue $0

TOTAL REVENUE $32,289,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $14,843,826

Other Expenses $33,882,498

TOTAL EXPENSES $33,882,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,289,863	$32,856,291	0.0%
Expenses	$33,882,498	$34,350,825	0.0%
Net Income	$-1,592,635	$-1,494,534	+0.1%

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

N/A

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

$431,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Board Chair	1.0	Officer Director	$0	$0	$0
N/A	vice chair	1.0	Officer Director	$0	$0	$0
N/A	Secretary	1.0	Officer Director	$0	$0	$0
N/A	President	5.0	Officer Director	$0	$0	$0
N/A	Treasurer	1.0	Officer Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	Director	1.0	Director	$0	$0	$0
N/A	VP OF FINANCE	4.0	Officer	$0	$7,381	$132,623
N/A	VP of Finance (term. 05/2023)	4.0	Officer	$0	$31,643	$299,194

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	$32,289,863	$33,882,498	$230,201,131	$-1,592,635
2022	$32,856,291	$34,350,825	$236,181,473	$-1,494,534
2021	$32,150,552	$32,198,221	$234,655,372	$-47,669
2020	$29,376,754	$30,459,344	$235,187,190	$-1,082,590
2019	$27,433,862	$31,499,901	$238,299,045	$-4,066,039
2018	$27,029,277	$23,181,712	$246,151,685	$3,847,565

Milwaukee Regional Medical Center Thermal Service Inc