THE MEDICAL CENTER COMPANY Charity Report

Public IRS 990 nonprofit record

THE MEDICAL CENTER COMPANY

EIN 34-0714460 · Public & Societal Benefit (W120)

What they do

THE MEDICAL CENTER COMPANY ("MCCO") is A NOT-FOR-PROFIT DISTRICT ENERGY COMPANY THAT PROVIDES LOW COST UTILITIES to MANY of UNIVERSITY CIRCLES HEALTHCARE, EDUCATIONAL, CULTURAL and RELIGIOUS INSTITUTIONS. CASE WESTERN RESERVE UNIVERSITY and UNIVERSITY HOSPITALS of CLEVELAND ARE THE TWO MAJOR MEMBERS ON CAMPUS. A DISTRICT ENERGY SYSTEM OPTIMIZES THE USE of FUELS, POWER and RESOURCES WITHIN THE COMMUNITY, DELIVERING COST-EFFECTIVE SERVICES to ITS CUSTOMERS and OPERATING IN A MORE ENVIRONMENTALLY SUSTAINABLE MANNER.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $91.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

86.35%of revenue went to mission work91.4% of expenses · Program services

$94.50spent for every $100 of revenueRevenue covered expenses this year.

8.14%of revenue went to management and office costs8.6% of expenses

$2.93in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $500,438 for MC KING (PRESIDENT AND CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$44,015,704

Mission workProgram services$38,008,73586.35% of revenue91.4% of expenses

ManagementOffice and general costs$3,583,9578.14% of revenue8.6% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,423,0125.50% of revenueShown in gray on the chart

Total expenses$41,592,69294.50% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 91.4% mission · 8.6% management · 0.0% fundraisingTotal expenses: 94.50% of revenue

2023Expense mix: 92.7% mission · 7.3% management · 0.0% fundraisingTotal expenses: 97.15% of revenue

2022Expense mix: 95.5% mission · 4.5% management · 0.0% fundraisingTotal expenses: 94.96% of revenue

2021Expense mix: 94.6% mission · 5.4% management · 0.0% fundraisingTotal expenses: 102.41% of revenue

2020Expense mix: 90.8% mission · 9.2% management · 0.0% fundraisingTotal expenses: 95.65% of revenue

2019Expense mix: 90.8% mission · 9.2% management · 0.0% fundraisingTotal expenses: 101.50% of revenue

2018Expense mix: 91.9% mission · 8.1% management · 0.0% fundraisingTotal expenses: 96.86% of revenue

2017Expense mix: 96.3% mission · 3.7% management · 0.0% fundraisingTotal expenses: 98.56% of revenue

Money in and money out

Revenue$44,015,704

Expenses$41,592,692

Annual surplus $2,423,012 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$38,008,735 · 91.4% of expenses

Management and office costs$3,583,957 · 8.6% of expenses

See all reported dollar amounts

Revenue$44,015,704

Expenses$41,592,692

Assets$122,001,862

Income$44,015,704

Mission work (program services)$38,008,735

Grants given$1,107,650

Average grant$1,107,650

Management and general$3,583,957

Executive compensation (total)$77,489,794

Investing fees$17,393

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

MC KINGPRESIDENT AND CEO · 40 hrs/week $500,438Base $423,019 · Other $77,419

HELENA REPIDONISEVP & COO · 40 hrs/week $326,463Base $262,710 · Other $63,753

CHRIS PAKIZCFO/CAO · 40 hrs/week $180,314Base $144,309 · Other $36,005

JEREMY URBASSIKCHIEF ENGINEER - MAINTENANCE · 40 hrs/week $154,488Base $111,085 · Other $43,403

MARK LAMPARELLICHIEF DISTRIBUTION TECH - SHOP · 40 hrs/week $137,632Base $115,811 · Other $21,821

WILLIAM LUNGSTATIONARY ENGINEER - OPERATIONS · 40 hrs/week $130,799Base $106,697 · Other $24,102

BRANDON WARESTATIONARY ENGINEER - OPERATIONS · 40 hrs/week $118,892Base $101,887 · Other $17,005

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

MC KINGPRESIDENT AND CEO

HELENA REPIDONISEVP & COO

CHRIS PAKIZCFO/CAO

JEREMY URBASSIKCHIEF ENGINEER - MAINTENANCE

MARK LAMPARELLICHIEF DISTRIBUTION TECH - SHOP

WILLIAM LUNGSTATIONARY ENGINEER - OPERATIONS

BRANDON WARESTATIONARY ENGINEER - OPERATIONS

KATHLEEN HEFLINTRUSTEE

TRICIA BIRESTRUSTEE

STEPHANIE CORBETTTRUSTEE

STATHIS ANTONIADESEXECUTIVE COMMITTEE MEMBER

RON WILLNERTRUSTEE

RON NEILLEXECUTIVE COMMITTEE MEMBER

NICO VIOLATRUSTEE

MICHAEL LEEEXECUTIVE COMMITTEE MEMBER

ANNAPURNA VALLURITRUSTEE

JOE FERRITOTRUSTEE

JASON PIRTZTRUSTEE

IRVINE MCQUARRIETRUSTEE

GRANT GOODRICHTRUSTEE

DEAN TUFTSCHAIRMAN OF THE BOARD

BRADLEY BONDVICE CHAIRMAN/SECRETARY/TREASURER

About this charity

Recognized since: January 1937
Location: 2250 CIRCLE DR, CLEVELAND, OH 44106-2664
County: Cuyahoga
In care of: % ANNE M ROBERTS
Primary officer: MC KING, PRESIDENT AND CEO

How to reach them

WebsiteVisit the charity’s website Emailmail@mcco.org Phone(216) 368-4256

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: PEASE BELL CPAS LLC
NTEE classification: Public & Societal Benefit (W120)
IRS tax category: Other Grantmaking and Giving Services
Grant-giving organization: Yes