DESTINATION MEDICAL CENTER CORPORA… - Form 990 Financial Data

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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

Principal Officer

MARK THEIN

Phone

5073282850

Tax Period

2024-01-01 to 2024-12-31

DESTINATION MEDICAL CENTER CORPORATION, founded in 2013, is a community nonprofit in the Community Improvement sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

WITH MAYO CLINIC AT ITS HEART, THE DESTINATION MEDICAL CENTER (DMC) INITIATIVE WILL BE THE CATALYST TO POSITION ROCHESTER, MINNESOTA AS THE WORLD'S PREMIER DESTINATION CENTER FOR HEALTH AND WELLNESS; ATTRACTING PEOPLE, INVESTMENT, AND JOBS TO AMERICA'S CITY FOR HEALTH AND SUPPORTING THE ECONOMIC GROWTH OF MINNESOTA AND ITS BIOSCIENCES SECTOR.

Program Service Accomplishments

Program 1

Expenses: $2,640,611 Revenue: $0

OVERSIGHT, PREPARATION AND IMPLEMENTATION OF THE DEVELOPMENT PLAN - AN IN DEPTH STUDY OF INFRASTRUCTURE, PLANNING, AND DEVELOPMENT OPPORTUNITIES, AND FRAMEWORK TO SUPPORT THE DEVELOPMENT OF ROCHESTER...

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,800,279

Program Service Revenue $0

Investment Income $116

Other Revenue $0

TOTAL REVENUE $2,800,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,640,611

Other Expenses $2,800,395

TOTAL EXPENSES $2,800,395

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,800,395	$2,402,541	+0.2%
Expenses	$2,800,395	$2,402,541	+0.2%
Net Income	$0	$0	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA WHEELOCK	CHAIR	6.00	Officer Director	$0	$0	$0
KIM NORTON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MARK THEIN	TREASURER	4.00	Officer Director	$0	$0	$0
PAUL WILLIAMS	SECRETARY	4.00	Officer Director	$0	$0	$0
JAMES CAMPBELL	DIRECTOR	4.00	Director	$0	$0	$0
DOUG M BAKER	DIRECTOR	4.00	Director	$0	$0	$0
BROOKE CARLSON	DIRECTOR	4.00	Director	$0	$0	$0
RT RYBAK	DIRECTOR	4.00	Director	$0	$0	$0

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	$2,800,395	$2,800,395	$430,697	No data
2023	$2,402,541	$2,402,541	$476,415	No data
2022	$2,009,266	$2,009,266	$331,978	No data
2021	$2,053,572	$2,053,572	$379,838	No data
2020	$2,349,677	$2,349,677	$235,013	No data
2019	$2,700,737	$2,700,737	$442,153	No data
2018	$2,581,669	$2,581,669	$271,239	No data

DESTINATION MEDICAL CENTER CORPORATION