Planetree International Inc
- Assets
- $5.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Derby, CT
- Founding
- 11/1998
- Data as of
- 09/2023
- EIN
- 06-1505284
Organization Overview
Planetree International Inc is located in Derby, CT. The organization was established in 1998. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Planetree International Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planetree International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Planetree International Inc generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.8m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NONPROFIT MEMBERSHIP ORGANIZATIONS IMPLEMENTING PATIENT-CENTERED CARE (SEE SCHEDULE O)PLANETREE INTERNATION INC., WORKS WITH HOSPITALS AND OTHER HEALTHCARE ORGANIZATIONS TO DEVELOP AND IMPLEMENT PATIENT-CENTERED CARE IN HEALING ENVIRONMENTS. THE PATIENT-CENTERED REVOLUTION THAT DEMANDS ON BEHALF OF ALL PATEINTS THAT HEALTHCARE ORGANIZATION MEET INDIVDIUAL'S HUMAN NEED FOR RESPECT, CONTROL AND WARM AND SUPPORTIVE CARE IS:EVIDENCE BASED - SUBSTANTIATED BY A GROWING BODY OF SCIENTIFIC RESEARCH CONNECTING PATIENT AND FAMILY ENGAGEMENT TO IMPROVED HEALTH OUTCOMES.QUALITY IMPERATIVE - SUPPORTED BY POWERFUL INDUSTRY FORCES REQUIRING HEALTHCARE ORGANIZATIONS TO CHANGE BUSINESS AS USUAL.RESPONSIVE - DRIVEN BY CONSUMERS WHO KNOW MORE, EXPECT MORE AND DESERVE MORE FROM THEIR THEIR HEALTHCARE EXPERIENCES.
Describe the Organization's Program Activity:
PLANETREE INTERNATIONAL, INC IS A PASSIONATE NOT-FOR-PROFIT GLOBAL HEALTHCARE LEADER SETTING THE GLOBAL STANDARD FOR PERSON-CENTERED EXCELLENCE ACROSS THE CONTINUUM OF CARE. USING ITS THEMATIC PLATFORMS OF BOTH PLANETREE AND LANGUAGE OF CARING NEW DYNAMIC MODELS ARE AVAILABLE TO FIT THE NEEDS OF HEALTHCARE ORGANIZATIONS TO PROVIDE PATIENT-CENTERED, VALUE BASED AND HOLISTIC CARE, AS WELL AS ENSURE COMPASSION AND POWERFULLY EFFECTIVE COMMUNICATION THAT PERMEATE THE ORGANIZATION'S CULTURE AND ALL INTERACTIONS WITH PATIENTS, FAMILIES, AND COWORKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Derek Raghavan MD Director | Trustee | 0.23 | $0 |
Douglas Finefrock DO Director | Trustee | 0.23 | $0 |
George S Logan Director | Trustee | 0.23 | $0 |
Gerald T Weiner ESQ Director | Trustee | 0.23 | $0 |
Henry Gallardo MD Director | Trustee | 0.23 | $0 |
Jacques Couillard Director (left 1/1/23) | Trustee | 0.23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,328,163 |
| Investment income | $48,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $89,009 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,934 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,464,231 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $258,691 |
| Compensation of current officers, directors, key employees. | $77,608 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,495,687 |
| Pension plan accruals and contributions | $43,202 |
| Other employee benefits | $400,749 |
| Payroll taxes | $121,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $524 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,691 |
| Fees for services: Other | $432,393 |
| Advertising and promotion | $37,953 |
| Office expenses | $63,894 |
| Information technology | $318,088 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $47,537 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $339,429 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $140,828 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,759,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,144,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,179,164 |
| Net Land, buildings, and equipment | $194,521 |
| Investments—publicly traded securities | $1,271,164 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,327,382 |
| Other assets | $0 |
| Total assets | $5,450,655 |
| Accounts payable and accrued expenses | $1,017,857 |
| Grants payable | $0 |
| Deferred revenue | $1,537,228 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,189,718 |
| Total liabilities | $5,744,803 |
| Net assets without donor restrictions | -$326,645 |
| Net assets with donor restrictions | $32,497 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,450,655 |