Trenton Medical Center Inc
- Assets
- $64.4m
- Revenue
- $51.9m
- Investments
- $0.0
- Employees
- 0
- Location
- High Springs, FL
- Founding
- 10/1988
- Data as of
- 05/2022
- 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. 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 05/2022, Palms Medical Group generated $51.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $40.3m during the year ending 05/2022. While expenses have increased by 13.5% 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
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anita Rembert CEO | Officer | 40 | $510,930 |
Bruce Thomas Cmo | Officer | 40 | $422,185 |
Mary Valleta Physician | 40 | $283,032 | |
Stanley Jones Dental Director | Officer | 40 | $257,252 |
Hans Cancel-Villamil Physician | 40 | $245,839 | |
Sarah Catalanotto Chair | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nextgen Healthcare Inc Ehr System | 5/30/22 | $1,879,527 |
Florida Phone Systems Inc Networking/phone Repair | 5/30/22 | $813,218 |
Mckesson Medical Supplies | 5/30/22 | $1,000,148 |
Umr Insurance/claims Related | 5/30/22 | $2,111,842 |
Mckesson Medical Surgical Medical Supplies | 5/30/22 | $1,400,468 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,276,870 |
| 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 | $11,276,870 |
| Total Program Service Revenue | $39,674,846 |
| Investment income | $63,190 |
| 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 | $51,939,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,054,104 |
| Pension plan accruals and contributions | $656,633 |
| Other employee benefits | $2,522,490 |
| Payroll taxes | $1,340,074 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $53,842 |
| Fees for services: Accounting | $25,899 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,108 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $690,605 |
| Travel | $206,929 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,222 |
| Interest | $68,027 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $822,110 |
| Insurance | $189,824 |
| All other expenses | $961,454 |
| Total functional expenses | $40,346,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,704,318 |
| Savings and temporary cash investments | $13,182,079 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,478,884 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $592,290 |
| Prepaid expenses and deferred charges | $234,717 |
| Net Land, buildings, and equipment | $22,174,820 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,052,978 |
| Total assets | $64,420,086 |
| Accounts payable and accrued expenses | $8,342,464 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,342,464 |
| Net assets without donor restrictions | $56,077,622 |
| 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 | $64,420,086 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Trenton Medical Center Inc has recieved totaling $302,983.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: COVID19-US | $50,000 |
Direct Relief Santa Barbara, CA PURPOSE: COVID19-US | $50,000 |
Direct Relief Santa Barbara, CA PURPOSE: COVID19-US | $50,000 |
Direct Relief Santa Barbara, CA PURPOSE: COVID19-US | $50,000 |
American Cancer Society Inc Kennesaw, GA PURPOSE: CANCER CONTROL | $25,000 |
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $18,960 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Cancer Institute At Baptist Health Inc Coral Gables, FL | $26,197,765 | $83,763,407 |
Trenton Medical Center Inc High Springs, FL | $64,420,086 | $51,939,000 |
Walker Cancer Research Institute Inc Boynton Beach, FL | $8,994,408 | $4,172,874 |
Liga Contra El Cancer Inc League Against Cancer Inc Miami, FL | $7,622,962 | $2,862,537 |
Camp Sunshine Inc Decatur, GA | $16,568,676 | $3,692,986 |
Force-Facing Our Risk Of Cancer Empowered Tampa, FL | $2,528,363 | $2,341,227 |
Promise Fund Of Florida Inc Palm Beach, FL | $5,308,988 | $5,035,813 |
Gildas Club Of South Florida Inc Fort Lauderdale, FL | $6,828,007 | $3,397,989 |
Florida Society Of Clinical Oncology Inc Riverview, FL | $3,143,681 | $1,540,570 |
Horizons Community Solutions Inc Albany, GA | $1,130,013 | $1,343,214 |
Cancer Alliance Of Naples Inc Bonita Springs, FL | $1,646,387 | $1,757,016 |
Joy To Life Foundation Montgomery, AL | $618,016 | $878,106 |