EIN 94-3425643

Thermal Energy Corporation (TECO)

IRS 501(c) type
501(c)(3)
Num. employees
100
State
Year formed
2002
Most recent tax filings
2022-08-01
Description
Houston-based Thermal Energy Corporation (TECO) has provided reliable, cost-effective and energy-efficient cooling and heating to institutions in the Texas Medical Center. TECO uses district energy and CHP technology to produce chilled water and steam, which we pipe underground to more than 19 million square feet of customer buildings at 18 institutions. With a solid track record of performance, TECO is well-positioned to provide the energy behind what’s next for the buildings and pace-setting services and research at the world-renown Texas Medical Center.
Related structure
TECO is a subordinate organization under Memorial Hermann Health System.
Also known as...
Texas Medical Center Central Heating and Cooling Services Corporation
Total revenues
$86,740,316
2022
Total expenses
$75,200,228
2022
Total assets
$542,966,967
2022
Num. employees
100
2022

Program areas at TECO

Operating a Central Heating and Cooling Services facility solely for the benefit of government institutions and not-for-profit organizations located in the Texas Medical Center. Eligible institutions include: chi st. luke's health, Texas children's hospital, the university of Texas system, the university of Texas m.d. Anderson cancer Center, the university of Texas health science Center at houston, Texas Medical Center, Texas woman's university, memorial hermann hospital system, the Texas a&m university system, houston academy of medicine, city of houston, tx, university of houston, usda children's nutritional research Center, memorial hermann/tirr, shriners hospitals for children, houston community college system, baylor college of medicine, houston methodist, harris county, Texas, harris county hospital district, and houston independent school district.

Personnel at TECO

NameTitleCompensation
Stephen SwinsonChief Executive Officer and President / President and Chief Executive Officer$845,127
Steve SwinsonPresident and Chief Executive Officer
Carolyn LuomalaVice President Finance and Treasurer$212,475
Clarissa BrewsterVice President, Human Resources$164,591
Michael Manoucheri, PeVice President, Engineering and Maintenance; Interim President and CEO$235,974
...and 8 more key personnel

Financials for TECO

RevenuesFYE 08/2022
Total grants, contributions, etc.$0
Program services$87,245,316
Investment income and dividends$906,840
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-1,443,326
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$31,486
Total revenues$86,740,316

Form 990s for TECO

Fiscal year endingDate received by IRSFormPDF link
2021-082022-07-15990View PDF
2020-082021-07-15990View PDF
2019-082021-02-09990View PDF
2018-082019-10-12990View PDF
2017-082018-10-16990View PDF
...and 8 more Form 990s
Data update history
July 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 8, 2023
Updated personnel
Identified 2 new personnel
May 7, 2023
Used new vendors
Identified 2 new vendors, including , and
August 3, 2022
Received grants
Identified 1 new grant, including a grant for $208,000 from National Hemophilia Foundation
July 22, 2022
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public utilitiesEnvironmental organizationsChapter / child organizationsCharities
Issues
HealthEnergy conservationEnvironment
Characteristics
State / local levelTax deductible donations
General information
Address
1615 Braeswood
Houston, TX 77030
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
tecothermalenergy.com/ 
Phone
(713) 791-6700
IRS details
EIN
94-3425643
Fiscal year end
August
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C35: Energy Resource Conservation and Development
NAICS code, primary
2213: Water, Sewage, and Air Systems
Parent/child status
Subordinate organization
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