Georgia Protoncare Center Inc

EIN: 820845208 501(c)(3)

Baton Rouge, LA

Total Revenue
$39,616,354
Total Expenses
$77,886,141
Total Assets
$240,349,177
Net Assets
$-188,473,164
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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
GA
Phone
2257663977
Tax Period
2023-01-01 to 2023-12-31

Georgia Protoncare Center Inc is a 501(c)(3) with EIN 820845208, based in Baton Rouge, LA. Founded in 2017, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $39,616,354 in total revenue and $77,886,141 in total expenses, with net assets of $-188,473,164.

Mission

ACQUIRING, CONSTRUCTING, FURNISHING, EQUIPPING, FINANCING, OWNING, OPERATING AND MAINTAINING A STATE-OF-THE-ART PROTON THERAPY TREATMENT CENTER. PROVIDING RADIATION ONCOLOGY SERVICES USING PROTON BEAM THERAPY AND OTHER APPROPRIATE FORMS OF CANCER TREATMENT SERVICES TO PATIENTS, INCLUDING WITHOUT LIMITATION, PATIENTS WITHIN THE STATE OF GEORGIA, AND PATIENTS IN SURROUNDING STATES WHO ARE NOT IN CLOSE PROXIMITY TO AN EXISTING PROTON THERAPY TREATMENT CENTER, AND WOULD NOT HAVE ACCESS TO SUCH FORM OF CANCER TREATMENT SERVICES. CONDUCTING, SUPPORTING AND PROMOTING EDUCATIONAL PROGRAMS RELATED TO CANCER AND CANCER TREATMENT FOR PATIENTS AND THE GENERAL PUBLIC. PROVIDING PROTON BEAM THERAPY TRAINING OPPORTUNITIES FOR MEDICAL STUDENTS, RESIDENTS, FELLOWS, PHYSICIANS, NURSES, TECHNICIANS, AND OTHER HEALTH CARE PROFESSIONALS. CONDUCTING, SUPPORTING AND PROMOTING BASIC AND CLINICAL RESEARCH RELATED TO CANCER TREATMENT AND OTHER ACTIVITIES RELATED TO THE OPERATION OF CANCER TREATMENT PROGRAMS.

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $38,486,351
Investment Income $966,348
Other Revenue $163,655
TOTAL REVENUE $39,616,354

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,874,406
Fundraising Expenses $0
Program Expenses $77,070,797
Other Expenses $60,011,735
TOTAL EXPENSES $77,886,141

Year-over-Year Comparison

2023 2022 Change
Revenue $39,616,354 $38,091,747 +0.0%
Expenses $77,886,141 $82,030,128 -0.1%
Net Income $-38,269,787 $-43,938,381 -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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Governance

Voting Members
3
Independent Members
1
Employees
1
Volunteers
2

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
4
$4,553,187
Total Directors
4
$3,855,399
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT AND CFO (through 12/31/23) 32.0
Officer Director
$318,128 $38,169 $356,297
N/A CEO 1.0
Officer Director
$0 $27,395 $3,499,102
N/A DIRECTOR (through 11/10/23) 1.0
Director
$0 $0 $0
N/A DIRECTOR (beginning 11/10/23) 1.0
Director
$0 $0 $0
N/A VICE PRESIDENT AND SECRETARY 1.0
Officer
$0 $37,860 $642,110
N/A ASSISTANT SECRETARY 1.0
Officer
$0 $0 $55,678
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 $39,616,354 $77,886,141 $240,349,177 $-38,269,787
2022 $38,091,747 $82,030,128 $253,783,027 $-43,938,381
2021 $41,231,144 $73,140,794 $281,434,150 $-31,909,650
2020 $36,026,714 $72,584,620 $299,146,657 $-36,557,906
2019 $26,682,812 $60,557,963 $319,983,424 $-33,875,151
2018 $458,309 $3,816,432 $340,478,258 $-3,358,123
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