Overview
What is Tmc Holdings?
Tmc Holdings is a nonprofit organization located at 5301 E Grant Road, Tucson, AZ 85712. Its primary purpose is to support Tucson Medical Center, a 501(C)(3) organization. Tmc Holdings manages properties, generating income, and then transmits the earnings, after deducting expenses, to Tucson Medical Center. This financial support is crucial for the operation and upkeep of the medical center. In essence, Tmc Holdings acts as a property management entity, ensuring the continued success of Tucson Medical Center.
Is Tmc Holdings legitimate?
Tmc Holdings is a legitimate nonprofit organization registered as a 501(c)(2) entity. Tmc Holdings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,980
For more financial information, click here
What is the mission statement of Tmc Holdings?
Tmc Holdings' primary role is to support a 501(C)(3) organization, specifically Tucson Medical Center. The organization holds the title to certain properties and generates income from these properties. The earnings collected after deducting expenses for property management are then transferred to TMC HealthCare. Subsequently, TMC HealthCare distributes these profits to Tucson Medical Center, thereby aiding the medical center in its operations. Essentially, Tmc Holdings serves as a financial intermediary, channeling resources to Tucson Medical Center to advance its mission.
Who is the CEO of Tmc Holdings?
Judith Rich is the CEO of Tmc Holdings The CEO's salary of Tmc Holdings is $0 and their total compensation is $1,370,629.
What is the revenue of Tmc Holdings?
Tmc Holdings's revenue in 2023 was $15,333,870.
Who are the executives of Tmc Holdings and what are their salaries?
There 5 volunteers at Tmc Holdings.
Here are 14 key members and their salaries (Tmc Holdings's CEO's salary is $0 and their total compensation is $1,370,629):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,305,121
- Other: $65,508
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $431,501
- Other: $25,632
- Compensation: $0
- Related: $375,225
- Other: $60,001
- Compensation: $0
- Related: $702,716
- Other: $129,745
- Compensation: $0
- Related: $64,493
- Other: $0
- Compensation: $0
- Related: $490,232
- Other: $67,025
- Compensation: $0
- Related: $402,835
- Other: $92,071
- Compensation: $0
- Related: $422,017
- Other: $148,708
- Compensation: $0
- Related: $273,872
- Other: $1,306
Where can I find the form 990 for Tmc Holdings?
Tmc Holdings's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tmc Holdings
Tmc Holdings, as a 500(C)(3) organization, is dedicated to supporting Tucson Medical Center. Its primary mission involves holding title to property and generating profits from this real estate. These earnings are then transferred to TMC HealthCare, a separate entity, after deducting expenses related to property management. Ultimately, Tmc Holdings' role is to channel these revenues to Tucson Medical Center, contributing to the overall well-being and operations of the healthcare institution. By managing its property portfolio and distributing profits, Tmc Holdings plays a crucial role in supporting the mission of Tucson Medical Center.
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Impact
October, 2024
Tmc Holdings plays a vital role in strengthening the healthcare infrastructure in Tucson, Arizona, by providing essential support to the Tucson Medical Center. By holding the title to property and generating income, Tmc Holdings ensures that profits are effectively channeled back to Tucson Medical Center. This process helps sustain and enhance the medical services available to the community.
The organization's financial contributions help cover various operational expenses, allowing Tucson Medical Center to focus on delivering quality healthcare. As a result, Tmc Holdings significantly impacts the community by improving access to medical services and supporting the overall health and well-being of residents in the area. Through its operations, Tmc Holdings embodies a commitment to community improvement and plays a crucial role in the local healthcare ecosystem.
This information is meant to be a general summary of Tmc Holdings. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $53,923
- Program Service Revenue: $13,083,500
- Gross Receipts: $20,917,375
Assets and Liabilities:
- Total Assets: $65,421,384
- Total Liabilities: $19,623,325
- Net Assets: $45,798,059
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$13,083,500
Organization Details
Founding Year
1982
NTEE Category
Code: S47 - Community improvement
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