Milwaukee Regional Medical Center Thermal Service Inc
8700 W Watertown Plank Rd, Milwaukee, WI · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $32,455,789 | $32,415,403 | -$1,076,232 |
| FY2023 | $32,289,863 | $33,882,498 | -$1,367,768 |
| FY2022 | $32,856,291 | $34,350,825 | $311,884 |
| FY2021 | $32,150,552 | $32,198,221 | $1,806,418 |
| FY2020 | $29,376,754 | $30,459,344 | $1,854,087 |
| FY2019 | $27,433,862 | $31,499,901 | $2,936,677 |
| FY2018 | $27,029,277 | $23,181,712 | $7,002,716 |
| FY2017 | $25,524,694 | $19,666,933 | $2,440,289 |
| FY2016 | $17,087,587 | $16,361,952 | -$6,036,367 |
| FY2015 | $0 | $3,350,020 | -$5,652,462 |
| FY2014 | $0 | $2,302,442 | -$2,302,442 |
Form 990 filings
The returns filed by Milwaukee Regional Medical Center Thermal Service Inc (EIN 46-3768736), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $32,332,182 | 100% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $13,627,129 | 42% |
| Management & general | $18,788,274 | 58% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Program services accounted for 42% of functional expenses, management & general 58%, and fundraising 0%.
- 42% of functional expenses went to program services in FY2024. That is higher than 4.3% of 138 Health Care organizations in WI.
- Net assets covered about -0.4 months of expenses at the end of the reporting year. That puts it in the 6th percentile among 420 Health Care organizations in WI.
- Total revenue was higher than 79.3% of 426 Health Care organizations in WI.
- Total revenue rose from $0 in FY2014 to $32,455,789 in FY2024. Revenue increased in 8 and decreased in 1 of 10 year-over-year comparisons.
- Expenses exceeded revenue in 7 of 11 reported years (FY2014, FY2015, FY2019, FY2020, FY2021, FY2022, FY2023).
- The highest revenue on record here is $32,856,291 in FY2022.
- Net assets grew from -$2,302,442 to -$1,076,232 between FY2014 and FY2024.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PURPOSE IS TO PROVIDE STEAM AND CHILLED WATER TO THE MEMBERS OF MRMC.
IRS status
| Ruling year | 2014 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | E112 — Health Care (in WI) |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (supporting organization). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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