Prymed Medical Care Inc
- Assets
- $28.2m
- Revenue
- $26.5m
- Investments
- $0.0
- Employees
- 193
- Location
- Ciales, PR
- Founding
- 04/1997
- Data as of
- 01/2022
- EIN
- 66-0428120
Organization Overview
Prymed Medical Care Inc is located in Ciales, PR. The organization was established in 1997. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. As of 01/2022, Prymed Medical Care Inc employed 193 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prymed Medical Care 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 01/2022, Prymed Medical Care Inc generated $26.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $22.4m during the year ending 01/2022. While expenses have increased by 12.9% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO GUIDE THE POPULATION OF NEARBY MUNICIPALITY TO THE HIGHEST STANDARD OF HEALTH AND WELLNESS THROUGH HOLISTIC CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATIONS IS FEDERALLY QUALIFED HEALTH CENTER UNDER SECTION 330 OF THE PUBLIC HEALTH SERVICES ACT THAT PROVIDED MEDICAL SERVICES OF PREVENTION DIAGNOSTIC AND EMERGENCY ONLY. THE ORGANIZATIONS DO NOT HOSPITALIZE.
THE ORGANIZATION PROVIDES MEDICAL SERVICES TO THE ENROLLS PATIENTS CERTIFIED BY THE PUERTO RICO HEALTH INSURANCE ADMINISTRATION THE AGENCY EMPOWERED IN THE LAW TO ADMINISTER THE GOVERNMENT HEALTH INSURANCE PLAN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Alicea Martinez Medical Director | 40 | $142,800 | |
Gladys Rivera Estela Executive Director | Officer | 37.5 | $105,407 |
Victor Vega Rivera Board Vice-President | Trustee | 2 | $0 |
Nilda Gonzalez Rosario Board President | Trustee | 2 | $0 |
Carmen Rodriguez Rivera Treasurer | Trustee | 2 | $0 |
Milagros Figueroa Alvarez Secretary | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dynamic Ferrous Dfm Contractor | 1/30/22 | $381,031 |
Sr Security Security | 1/30/22 | $222,490 |
Centro Facturacion Margie Soto Billing Medical Plan | 1/30/22 | $183,115 |
Ebp Design Group Contractor | 1/30/22 | $173,998 |
North Janitorial Maintenance | 1/30/22 | $170,081 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,747,707 |
| 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 | $4,747,707 |
| Total Program Service Revenue | $21,731,632 |
| Investment income | $45,200 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,524,539 |
| 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. | $248,207 |
| Compensation of current officers, directors, key employees. | $248,207 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,032,312 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $425,585 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $213,530 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,504,933 |
| Advertising and promotion | $59,042 |
| Office expenses | $206,002 |
| Information technology | $268,465 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $80,235 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $713,895 |
| Insurance | $483 |
| All other expenses | $1,045,415 |
| Total functional expenses | $22,394,028 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,745,976 |
| Savings and temporary cash investments | $552,259 |
| Pledges and grants receivable | $2,362,945 |
| Accounts receivable, net | $652,841 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $404,666 |
| Prepaid expenses and deferred charges | $195,081 |
| Net Land, buildings, and equipment | $7,277,960 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,191,728 |
| Accounts payable and accrued expenses | $4,734,730 |
| 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 | $2,317 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,737,047 |
| Net assets without donor restrictions | $20,883,948 |
| Net assets with donor restrictions | $2,570,733 |
| 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 | $28,191,728 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Prymed Medical Care Inc has recieved totaling $399,106.
| Awarding Organization | Amount |
|---|---|
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $170,210 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $170,210 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $33,686 |
Fundacion Triple-S Inc San Juan, PR PURPOSE: HEALTHCARE SERVICES | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Servicios Medicos Universitarios Inc Carolina, PR | $58,931,826 | $67,665,050 |
Hospital Comunitario Buen Samaritano Inc Aguadilla, PR | $31,760,434 | $38,349,511 |
Corporacion De Salud Asegurada Por Nuestra Organizacion Solidaria Inc Caguas, PR | $6,489,197 | $29,161,147 |
Prymed Medical Care Inc Ciales, PR | $28,191,728 | $26,524,539 |
Cbv Management Manati, PR | $271,560 | $1,095,819 |
Corp De Servicios De Salud Y Desarrollo Socioeconomico Del Otoa Florida, PR | $250,954 | $206,899 |
Centro Ambulatorio De Desintoxicacion Y Enlace De Pr Inc Mercedita, PR | $36,381 | $0 |