philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Tmc Holdings INC

Not tax-deductible

Tucson, AZMutual-benefit / member-servingSince 1982Community DevelopmentEIN 86-0441785Revenue $32.0M in FY2024

On file with the IRS5301 E Grant Rd, 85712-2805 · Tucson, AZTax-exempt since Sep 2000

Tell your story. Claim this org

Support Tucson Medical Center, a 501(C)(3) organization. Holds title to property and turn profits over to Tucson Medical Center.

Run by 6 volunteers.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $6.4M a year · 47% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
28 mo
of spending, in cash
Looks good: 28.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26.0M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$32.0M
+109% vs prior year
Spent
$11.1M
To programs
0%
Net assets
$74.4M
By yearFY2020–FY2024
Revenue
$32.0M
FY2024▲ +109%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$6.5M
FY2022$11.4M
FY2023$15.3M
FY2024$32.0M
Expenses
$11.1M
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$3.7M
FY2022$9.6M
FY2023$11.6M
FY2024$11.1M
Net assets
$74.4M
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020$46.3M
FY2021$48.4M
FY2022$45.8M
FY2023$53.6M
FY2024$74.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2000.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
Jon Young
Board Chair
$0Pt VII · Sec A
Brandt Hazen
Board Member
$0Pt VII · Sec A
Chris Young
Board Member
$0Pt VII · Sec A
Lex Sears
Board Member
$0Pt VII · Sec A
Peter Trice
Board Member
$0Pt VII · Sec A
Richard Prevallet
Board Member
$0Pt VII · Sec A
Alexander Horvath
Chief Human Resources Officer
$0Pt VII · Sec A
Jennifer Mendrzycki
Chief Executive Officer Beg 04/24
$0Pt VII · Sec A
See Tmc Holdings INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides property and profits to support Tucson Medical Center's healthcare services.

Questions for Tmc Holdings INC

Tap to ask. Tmc Holdings INC sees how many people are interested.

Your first name shows with your question. Tmc Holdings INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · in their own filed words · FY2024
01

Support tucson medical center (ein 86-0137567), a 501(c)(3) corporation. Holds title to property, collects income from property and remits to TMC healthcare (ein 20-2218975) collections less expenses for property. TMC healthcare then distributes these earnings to tucson medical center.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$32.0M
Ln 12
Investment incomeLn 3$18.7M
Fees for servicesLn 2g$13.2M
Other incomeLn 4–11$61K
Money outPt IX
$11.1M
Ln 25
Owns and owesPt X
$74.4M
net assets · Ln 32
Cash and savingsLn 1–2$26.3M
Total assetsLn 16$100.4M
LiabilitiesLn 26$26.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$13.2M
Investment incomeLn 3$18.7M
Other incomeLn 4–11$61K
Gains on assetsLn 7$18.2M
Total revenueLn 12$32.0M
Assets in detailPt X, end of year
CashLn 1$26.3M
SavingsLn 2$24K
Cash and savings togetherLn 1–2$26.3M
InvestmentsLn 11–13$9.5M
Land, buildings, equipmentLn 10c$55.9M
Other assetsLn 15$8.3M
Total assetsLn 16$100.4M
LiabilitiesLn 26$26.0M
Net assetsLn 32$74.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$7.5M$26.3M
InvestmentsLn 11–13$8.9M$9.5M
Land, buildings, equipmentLn 10c$53.4M$55.9M
Total assetsLn 16$79.4M$100.4M
LiabilitiesLn 26$25.8M$26.0M
Net assetsLn 32$53.6M$74.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$207K
Other employee benefitsLn 9$25K
Payroll taxesLn 10$9K
Management feesLn 11a$386K
Legal feesLn 11b$23K
Investment management feesLn 11f$21K
Other fees for servicesLn 11g$862K
Advertising and promotionLn 12$43K
Office expensesLn 13$191K
Information technologyLn 14$719
OccupancyLn 16$4.1M
InterestLn 20$204K
Depreciation, depletion and amortizationLn 22$3.3M
InsuranceLn 23$28K
Other expenses (24a–d)Ln 24$1.7M
All other expensesLn 24e$0
Total functional expensesLn 25$11.1M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $32.0M$11.1M$20.9M$74.4M 990 PDF
FY2023 $15.3M$11.6M$3.7M$53.6M 990 PDF
FY2022 $11.4M$9.6M$1.8M$45.8M 990 PDF
FY2021 $6.5M$3.7M$2.8M$48.4M 990 PDF
FY2020 $2.9M$0$2.9M$46.3M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $32,010,144 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $13,083,500$13,216,183
I-10 Investment incomePrior year $2,237,924$18,733,452
I-11 Other revenuePrior year $12,446$60,509
I-12 Total revenuePrior year $15,333,870$32,010,144
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $157,980$241,184
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $11,437,660$10,845,411
I-18 Total expensesPrior year $11,595,640$11,086,595
I-19 Revenue less expensesPrior year $3,738,230$20,923,549
Part VI · Governance 5 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $32,010,144 across 7 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $13,216,183$13,216,183
VIII-3 Investment incomeExcluded from tax $564,529$564,529
VIII-7 Net gain or loss on sales of assetsExcluded from tax $18,168,923$18,168,923
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $60,509$60,509
VIII-12 Total revenueRelated to mission $13,216,183 · Unrelated business $0 · Excluded from tax $18,793,961$32,010,144
Part IX · Statement of functional expenses $11,086,595 across 16 lines filed
IX-7 Other salaries and wages$206,712
IX-9 Other employee benefits$25,179
IX-10 Payroll taxes$9,293
IX-11a Management fees$385,992
IX-11b Legal fees$22,744
IX-11f Investment management fees$21,346
IX-11g Other fees for services$862,460
IX-12 Advertising and promotion$42,524
IX-13 Office expenses$190,873
IX-14 Information technology$719
IX-16 Occupancy$4,060,212
IX-20 Interest$204,053
IX-22 Depreciation, depletion and amortization$3,281,276
IX-23 Insurance$28,317
IX-24 Other expenses (24a–d)$1,744,895
IX-24e All other expenses$0
IX-25 Total functional expenses$11,086,595
Part X · Balance sheet $100,389,744 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $7,524,583$26,254,003
X-2 Savings and temporary cash investmentsStart of year $25,144$23,716
X-9 Prepaid expenses and deferred chargesStart of year $368,509$370,529
X-10c Land, buildings and equipment, netStart of year $53,442,651$55,902,613
X-11 Publicly traded securitiesStart of year $8,863,510$9,523,922
X-15 Other assetsStart of year $9,185,892$8,314,961
X-16 Total assetsStart of year $79,410,289$100,389,744
X-17 Accounts payable and accrued expensesStart of year $1,116,534$1,140,124
X-20 Tax-exempt bond liabilitiesStart of year $16,000,000$16,000,000
X-25 Other liabilitiesStart of year $8,707,973$8,814,700
X-26 Total liabilitiesStart of year $25,824,507$25,954,824
X-27 Net assets without donor restrictionsStart of year $53,585,782$74,434,920
X-32 Total net assets or fund balancesStart of year $53,585,782$74,434,920
X-33 Total liabilities and net assetsStart of year $79,410,289$100,389,744
Part XI · Reconciliation of net assets $74,434,920 net assets at year end
XI-1 Total revenue$32,010,144
XI-2 Total expenses$11,086,595
XI-3 Revenue less expenses$20,923,549
XI-4 Net assets at start of year$53,585,782
XI-5 Net unrealized gains (losses) on investments$597,181
XI-9 Other changes in net assets−$671,592
XI-10 Net assets at end of year$74,434,920

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.