Martin Memorial Medical Center Inc

Organization Overview

Martin Memorial Medical Center Inc, operating under the name Martin Medical Center Cleveland Clinic Martin North Hospital Cleveland Clin ic South Hospital Cleveland Clinic Tradition Hospital, is located in Stuart, FL. The organization was established in 1969. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2021, Martin Medical Center Cleveland Clinic Martin North Hospital Cleveland Clin ic South Hospital Cleveland Clinic Tradition Hospital employed 5,394 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martin Medical Center Cleveland Clinic Martin North Hospital Cleveland Clin ic South Hospital Cleveland Clinic Tradition Hospital 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 12/2019, Martin Medical Center Cleveland Clinic Martin North Hospital Cleveland Clin ic South Hospital Cleveland Clinic Tradition Hospital generated $144.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $131.3m during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (23.0%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE BETTER CARE OF THE SICK, INVESTIGATION INTO THEIR PROBLEMS AND FURTHER EDUCATION OF THOSE WHO SERVE.

Describe the Organization's Program Activity:

MARTIN MEMORIAL MEDICAL CENTER PROVIDED 118,849 PATIENT DAYS OF SERVICE AT ITS THREE HOSPITALS. THE MEDICAL CENTER ALSO PROVIDED CARE TO 120,286 PATIENTS THROUGH ITS FOUR EMERGENCY DEPARTMENTS DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2019. THE MEDICAL CENTER PROVIDES A NUMBER OF COMMUNITY HEALTH CARE EDUCATION OPPORTUNITIES AND HEALTH SCREENING THROUGHOUT THE YEAR.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Director As Of 5/19
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Diagnostic Imaging Services Inc
Radiology Professional Reads
$3,389,349
Southern Scripts Llc
Pharmacy Benefit Solutions
$3,209,048
Robins & Morton Group
Construction
$1,334,222
Michaud Mittelmark Markowitz
Attorney
$891,846
Cardiology Associates Of Stuart
Cardiology
$746,785
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$4,419,751
Investment income $1,226,000
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $321,900
Net Gain/Loss on Asset Sales $965,956
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $144,757,049

Grants Awarded

Over the last fiscal year, Martin Memorial Medical Center Inc has awarded $89,799 in support to 2 organizations.

Grant RecipientAmount

INDIAN RIVER STATE COLLEGE FOUNDATION

Org PageRecipient Profile

Fort Pierce, FL

PURPOSE: Education

$77,299

HANDS OF ST LUCIE COUNTY

Org PageRecipient Profile

Fort Pierce, FL

PURPOSE: HEALTHCARE

$12,500
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Martin Memorial Medical Center Inc has recieved totaling $5,286,549.

Awarding OrganizationAmount
Cleveland Clinic Foundation

Independence, OH

PURPOSE: HEALTHCARE RESEARCH & EDUCATION

$5,286,527
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$22
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$10,267,340
Earnings-$658,982
Net Contributions$72,523
Grants$358,635
Ending Balance$9,322,246

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