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The Medical Center Company

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 340714460 ✦ Cleveland, OH ✦ Designated as a 501(c)(3)

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Overview

What is The Medical Center Company?

The Medical Center Company (MCCO) is a not-for-profit district energy provider based in Cleveland, Ohio. MCCO specializes in producing and distributing electricity, steam, hot water, chilled water, compressed air, and vacuum to various educational, healthcare, cultural, and religious institutions within University Circle. Notable members include Case Western Reserve University and University Hospitals of Cleveland. MCCO's district energy system optimizes the use of fuels, power, and resources within the community, providing cost-effective services to its customers while operating in an environmentally sustainable manner. MCCO practices environmental stewardship by continuously adding renewable energy resources, such as solar panels, to meet a portion of their customers' electricity requirements. In 2013, MCCO redeveloped a 5-acre brownfield site and installed a 1 megawatt solar PV array, as well as owning several smaller solar arrays on university rooftops.


Official website here: www.mcco.org

What are the reviews and ratings of this charity?

Charity Navigator gives The Medical Center Company a rating of 86%, which corresponds to a Three-Star out of Four Star rating. This score highlights the organization's solid performance in accountability and finance, indicating effective management and transparency. With an independent board and a comprehensive set of policies in place, the charity demonstrates a commitment to ethical governance.

The Medical Center Company shows particular strength in its financial management, with a high program expense ratio of 93.78%, meaning a significant portion of its budget is directed towards its programs rather than administrative costs. Additionally, the charity has received full points in several areas of governance, such as having an independent board and maintaining essential policies related to conflict of interest and whistleblowing.

However, the organization has a liabilities to assets ratio of 63.11%, which could be a potential area of concern as it indicates a relatively high level of liabilities compared to its assets. While this rating reflects a generally positive standing, stakeholders may wish to monitor this aspect to ensure long-term sustainability and financial health.


This AI summary has been generated from information found on Charity Navigator.

Is The Medical Center Company legitimate?

The Medical Center Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Medical Center Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $640,717
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,539,544

For more financial information, click here


Official website here: www.mcco.org

What is the mission statement of The Medical Center Company?

The Medical Center Company (MCCO) is a not-for-profit district energy provider that delivers affordable utilities to healthcare, educational, cultural, and religious institutions. Its major members include Case Western Reserve University and University Hospitals of Cleveland. MCCO optimizes resource use within the community, ensuring cost-effective services and environmentally sustainable operations. The organization prioritizes environmental stewardship, adding renewable energy resources such as solar arrays to meet a portion of its customers' electricity requirements. MCCO operates as a natural gas-fired facility and is committed to reducing emissions while promoting clean energy. Through energy efficiency optimization and the pursuit of renewable alternatives, MCCO strives to meet the varied energy needs of its not-for-profit clientele.


Official website here: www.mcco.org

Who is the CEO of The Medical Center Company?

Mc King is the Chairman/Secretary/Treasur of The Medical Center Company. The CEO's salary of The Medical Center Company is $332,225 and their total compensation is $388,491.


Official website here: www.mcco.org

What is the revenue of The Medical Center Company?

The Medical Center Company's revenue in 2022 was $42,784,390.


Official website here: www.mcco.org

Who are the executives of The Medical Center Company and what are their salaries?

The average compensation at The Medical Center Company during 2022 was $96,372. There are 33 employees and 14 volunteers at The Medical Center Company.


Here are 24 key members and their salaries (The Medical Center Company's CEO's salary is $332,225 and their total compensation is $388,491):


Bradley Bond (Chairman/Secretary/Treasur)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephanie Corbett (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Kallay Resg Aug 2022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irvine Mcquarrie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Heflin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Lee (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Klimczuk Resg Apr 2022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennell Vick (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julienne Melvin Res Apr 2022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robyn Strosaker Res Apr 2022 (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sonia Salvino (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Willner (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Annapurna Valluri Apr - Cur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Ferrito Apr - Cur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Grant Goodrich (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Tufts Aug - Cur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stathis Antoniades May - Cur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ron Neill Aug - Cur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mc King (President And Ceo)
  • Compensation: $332,225
  • Related: $0
  • Other: $56,266
Helena Repidonis (Vp Operations)
  • Compensation: $207,416
  • Related: $0
  • Other: $44,810
Mark Lamparelli (Employee)
  • Compensation: $100,876
  • Related: $0
  • Other: $17,737
William Lung (Employee)
  • Compensation: $103,154
  • Related: $0
  • Other: $20,270
Kenneth Scott (Employee)
  • Compensation: $102,454
  • Related: $0
  • Other: $19,972
Andrew Harubin (Employee)
  • Compensation: $102,044
  • Related: $0
  • Other: $15,435


Official website here: www.mcco.org

Where can I find the form 990 for The Medical Center Company?

The Medical Center Company's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mcco.org

Learn more at the official website: www.mcco.org

Mission Statement of The Medical Center Company

The Medical Center Company (MCCO), a not-for-profit district energy provider, plays a significant role in supplying affordable utilities to various healthcare, educational, cultural, and religious institutions in the community. With Case Western Reserve University and University Hospitals of Cleveland as its major members, MCCO optimizes the use of fuels, power, and resources within the community, ensuring cost-effective and environmentally sustainable services for its customers.

MCCO's operations extend beyond just the production and distribution of electricity, steam, hot water, chilled water, compressed air, and vacuum. Committed to reducing emissions and promoting clean energy, MCCO operates as a 100% natural gas-fire facility. The company employs energy efficiency optimization processes and continues to explore additional renewable, sustainable, and resilient alternatives, such as solar energy.

In 2013, MCCO transformed a 5-acre brownfield site and installed a 1 megawatt solar PV array as part of its efforts to incorporate zero emission renewable energy resources. The company also manages three solar arrays - a 37.4 kW array, a 67 kW array, and a 44.1 kW array - located on university rooftops, further bolstering its commitment to renewable energy sources. Through these initiatives, MCCO not only powers the daily needs of its institutional customers but also contributes to a greener and more sustainable energy landscape.

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Impact




October, 2024

The Medical Center Company (MCCO) significantly impacts the University Circle community by providing affordable utility services to numerous healthcare, educational, cultural, and religious institutions, including Case Western Reserve University and University Hospitals of Cleveland. By utilizing a district energy system, MCCO optimizes fuel, power, and resource use, resulting in both cost-effective services and a commitment to environmental sustainability.

MCCO enhances its service offerings through its integration of renewable energy resources. The company actively practices environmental stewardship by operating a 100% natural gas-fired facility and continually seeks to reduce emissions. This commitment is exemplified by the redevelopment of a 5-acre brownfield site that now hosts a 1-megawatt solar photovoltaic array, alongside additional solar installations on various university rooftops.

The production and distribution of essential utilities such as electricity, steam, hot water, chilled water, compressed air, and vacuum are tailored for the specific needs of its clients, helping them operate efficiently. By prioritizing clean energy and energy efficiency optimization, MCCO contributes to a more sustainable and resilient community, ultimately supporting the well-being and success of the organizations it serves in Cleveland, Ohio.




This information is meant to be a general summary of The Medical Center Company. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$42,784,390 (2022)
Expenses
$40,629,431 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $140,406
  • Program Service Revenue: $42,643,984
  • Gross Receipts: $42,784,390

Assets and Liabilities:

  • Total Assets: $103,694,020
  • Total Liabilities: $65,449,818
  • Net Assets: $38,244,202

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

RECEIPTS

Revenue

$42,643,984

Organization Details

Founding Year

1932

Principal Officer

Mc King

Main Address

2250 CIRCLE DRIVE, CLEVELAND, OH, 441062664

NTEE Category

Code: W120 - Public benefit

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