Milwaukee Regional Medical Center Thermal Service Inc

EIN: 463768736 501(c)(3) Health Care

MILWAUKEE, WI

Total Revenue
$32,289,863
Total Expenses
$33,882,498
Total Assets
$230,201,131
Net Assets
$-1,367,768
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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
WI
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

Milwaukee Regional Medical Center Thermal Service, Inc. purpose is to provide steam and chilled water to the members of MRMC.

Program Service Accomplishments

Program 1
Expenses: $14,843,826 Revenue: $32,024,503

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...

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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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Trantor Score

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

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

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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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
7

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
7
$431,817
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
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
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