Trenton Medical Center Inc
- Assets
- $83.2m
- Revenue
- $65.6m
- Investments
- $0.0
- Employees
- 464
- Location
- High Springs, FL
- Founding
- 10/1988
- Data as of
- 05/2024
- EIN
- 59-2871302
Organization Overview
Trenton Medical Center Inc, operating under the name Palms Medical Group, is located in High Springs, FL. The organization was established in 1988. According to its NTEE Classification (G30) the organization is classified as: Cancer, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 05/2024, Palms Medical Group employed 464 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palms Medical Group 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 05/2024, Palms Medical Group generated $65.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $59.5m during the year ending 05/2024. While expenses have increased by 12.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PALMS MEDICAL GROUP IS A NOT-FOR-PROFIT HEALTHCARE PROVIDER COMMITTED TO BRING QUALITY, AFFORDABLE PRIMARY CARE AND PREVENTIVE SERVICES TO THE COMMUNITIES WE SERVE. IN ADDITION TO PRIMARY CARE, PALMS OFFERS PEDIATRIC CARE, MENTAL HEALTH, AND DENTAL SERVICES, AS WELL AS COMPLEMENTARY ALTERNATIVE MEDICINE SUCH AS CHIROPRACTIC CARE. MANY OF OUR LOCATIONS HAVE LABS, X-RAY EQUIPMENT AND A PHARMACY UNDER ONE ROOF, SAVING PATIENTS TIME AND MONEY. AS A FEDERALLY QUALIFIED COMMUNITY HEALTH CENTER, PALMS ACCEPTS MOST PUBLIC AND PRIVATE INSURANCE INCLUDING MEDICARE AND MEDICAID PATIENTS. PALMS OFFERS A SLIDING FEE SCALE BASED ON INCOME. NO ONE IS DENIED MEDICAL CARE BECAUSE OF LACK OF INSURANCE OR INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PALMS MEDICAL GROUP IS A NOT-FOR-PROFIT HEALTHCARE PROVIDER COMMITTED TO BRING QUALITY, AFFORDABLE PRIMARY CARE AND PREVENTIVE SERVICES TO THE COMMUNITIES WE SERVE. IN ADDITION TO PRIMARY CARE, PALMS OFFERS PEDIATRIC CARE, MENTAL HEALTH, AND DENTAL SERVICES, AS WELL AS COMPLEMENTARY ALTERNATIVE MEDICINE SUCH AS CHIROPRACTIC CARE. MANY OF OUR LOCATIONS HAVE LABS, X-RAY EQUIPMENT AND A PHARMACY UNDER ONE ROOF, SAVING PATIENTS TIME AND MONEY. AS A FEDERALLY QUALIFIED COMMUNITY HEALTH CENTER, PALMS ACCEPTS MOST PUBLIC AND PRIVATE INSURANCE INCLUDING MEDICARE AND MEDICAID PATIENTS. PALMS OFFERS A SLIDING FEE SCALE BASED ON INCOME. NO ONE IS DENIED MEDICAL CARE BECAUSE OF LACK OF INSURANCE OR INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Rembert CEO | Officer | 40 | $493,667 |
Bruce Thomas Cmo | Officer | 40 | $377,644 |
Andrew Jones CFO | Officer | 40 | $169,312 |
Charles Turley Cao | Officer | 40 | $235,237 |
Jeyko Garuz Asst Med Dir | 40 | $309,316 | |
Stanley Jones Dental Direc | 40 | $226,651 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Icms Inc Constr Mgmt | 5/30/24 | $2,922,436 |
Nextgen Healthcare Ehr Software | 5/30/24 | $1,749,498 |
Pro Services Of North Florida Janitorial Svcs | 5/30/24 | $730,561 |
Florida Phone Systems Inc Phone Services | 5/30/24 | $383,644 |
Timedoc Health Patient Monitor | 5/30/24 | $336,320 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,733,228 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,827,228 |
| Total Program Service Revenue | $57,334,447 |
| Investment income | $1,033,907 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$15,016 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,587,269 |
| 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. | $1,563,363 |
| Compensation of current officers, directors, key employees. | $1,416,913 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,237,282 |
| Pension plan accruals and contributions | $929,254 |
| Other employee benefits | $3,111,228 |
| Payroll taxes | $1,912,021 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $315,599 |
| Fees for services: Accounting | $71,835 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,575,039 |
| Advertising and promotion | $284,183 |
| Office expenses | $745,566 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $924,656 |
| Travel | $364,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $107,399 |
| Interest | $170,308 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,356,898 |
| Insurance | $354,373 |
| All other expenses | $411,814 |
| Total functional expenses | $59,496,091 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $178,246 |
| Savings and temporary cash investments | $38,349,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,091,365 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,316,466 |
| Prepaid expenses and deferred charges | $440,423 |
| Net Land, buildings, and equipment | $27,289,559 |
| Investments—publicly traded securities | $4,946,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,562,241 |
| Total assets | $83,174,293 |
| Accounts payable and accrued expenses | $3,375,332 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,359,905 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $797,396 |
| Total liabilities | $8,532,633 |
| Net assets without donor restrictions | $74,641,660 |
| Net assets with donor restrictions | $0 |
| 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 | $83,174,293 |