Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $36,160,727

• 2a · Program service revenue: PATIENT SERVICE REVENUE

  total $437,812,940 · related or exempt $437,812,940

• 2b · Program service revenue: CLINIC SERVICES

  total $696,075 · related or exempt $696,075

• 2c · Program service revenue: Patient/family concierge services

  total $1,938,523 · related or exempt $1,938,523

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $1,931,812 · excluded $1,931,812

• 6a · Gross rents

  real property $3,389,220

• 6b · Less rental expenses

  real property $493,227

• 6c · Rental income or loss

  real property $2,895,993 · personal property $0

• 6d · Net rental income or loss

  total $2,895,993 · excluded $2,895,993

• 7a · Gross sales of assets other than inventory

  other assets $6,000

• 7b · Less cost or other basis and sales expenses

  other assets $19,525,443

• 7c · Gain or loss

  securities $0 · other assets -$19,519,443

• 7d · Net gain or loss

  total -$19,519,443 · excluded -$19,519,443

• 11a · Other revenue: AUXILIARY INCOME

  total $1,149,028 · related or exempt $1,149,028

• 11b · Other revenue: OUTREACH LAB INCOME

  total $422,538 · unrelated business $422,538

• 11c · Other revenue: specialty and support programs

  total $523,355 · related or exempt $523,355

• 11d · All other revenue

  total $321,160 · related or exempt $321,160 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $2,416,081

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,496,418 · program services $2,807,181 · management and general $689,237

• 7 · Other salaries and wages

  total $168,533,748 · program services $135,311,258 · management and general $33,222,490

• 8 · Pension plan contributions

  total $3,979,244 · program services $3,194,829 · management and general $784,415

• 9 · Other employee benefits

  total $12,117,162 · program services $9,728,547 · management and general $2,388,615

• 10 · Payroll taxes

  total $13,116,380 · program services $10,530,792 · management and general $2,585,588

• 11b · Fees: legal

  total $3,057,153 · management and general $3,057,153

• 11c · Fees: accounting

  total $63,295 · management and general $63,295

• 11d · Fees: lobbying

  total $118,750 · program services $118,750

• 11f · Fees: investment management

  total $1,025,957 · management and general $1,025,957

• 11g · Fees: other

  total $37,044,606 · program services $24,355,487 · management and general $12,689,119 · fundraising $0

• 12 · Advertising and promotion

  total $2,656,891 · program services $33,373 · management and general $2,623,518

• 13 · Office expenses

  total $2,457,164 · program services $1,408,269 · management and general $1,048,895

• 14 · Information technology

  total $13,165,894 · program services $1,847,027 · management and general $11,318,867

• 16 · Occupancy

  total $6,759,639 · program services $1,911,604 · management and general $4,848,035

• 17 · Travel

  total $93,373 · program services $15,961 · management and general $77,412

• 20 · Interest

  total $5,309,583 · management and general $5,309,583

• 22 · Depreciation, depletion and amortization

  total $28,095,282 · program services $22,556,954 · management and general $5,538,328

• 23 · Insurance

  total $8,469,783 · program services $7,647,100 · management and general $822,683

• 24a · Other expenses: MEDICAL & OTHER SUPPLIES

  total $130,983,772 · program services $128,833,049 · management and general $2,150,723

• 24b · Other expenses: Indigent Care & Medicaid Assessment

  total $7,021,426 · program services $7,021,426

• 24c · Other expenses: collection fees

  total $3,557,888 · management and general $3,557,888

• 24d · Other expenses: Food & Nutrition

  total $2,197,557 · program services $1,638,164 · management and general $559,393

• 24e · All other expenses

  total $8,169,576 · program services $2,069,767 · management and general $6,099,809 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,000 · end of year $4,600

• 2 · Savings and temporary cash investments

  beginning of year $126,654,169 · end of year $51,365,610

• 4 · Accounts receivable

  beginning of year $53,447,610 · end of year $72,206,791

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $10,696,606 · end of year $12,718,370

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,399,836 · end of year $12,334,776

• 10a · Land, buildings and equipment: cost or other basis

  $671,029,958

• 10b · Land, buildings and equipment: accumulated depreciation

  $275,140,477

• 10c · Land, buildings and equipment, net

  beginning of year $364,251,136 · end of year $395,889,481

• 11 · Investments: publicly traded securities

  end of year $3,175,462

• 12 · Investments: other securities

  beginning of year $20,892 · end of year $27,551

• 13 · Investments: program-related

  beginning of year $1,483,203 · end of year $7,192,116

• 14 · Intangible assets

  beginning of year $6,596,496 · end of year $6,596,496

• 15 · Other assets

  beginning of year $34,045,251 · end of year $32,457,382

• 17 · Accounts payable and accrued expenses

  beginning of year $60,770,097 · end of year $66,986,903

• 20 · Tax-exempt bond liabilities

  beginning of year $210,615,927 · end of year $209,370,315

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0

• 25 · Other liabilities

  beginning of year $117,469,045 · end of year $117,317,323

• 27 · Net assets without donor restrictions

  beginning of year $218,745,130 · end of year $200,294,094

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

Jupiter Medical Center paid club dues on behalf of Amit Rastogi during calendar year 2023. These dues were treated as taxable compensation to the individual.

Schedule J, Part I, Line 1b Written policy regarding payment or reimbursement of expenses

The club dues paid on behalf of Amit Rastogi are written into his employment contract. The organization has a written expense reimbursement policy, but this policy does not specifically address club dues.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

THE INDIVIDUALS LISTED BELOW PARTICIPATED IN A RETENTION BONUS PLAN DURING 2023. During calendar year 2023, accruals related to retention bonuses were made for the following individuals. These amounts are included on Schedule J, Part II, Col (C): Amit Rastogi - $140,000 Steven Seeley - $55,021 Rogerio Lilenbaum - $90,000 Julia Click - $50,817 Pamela Canter - $50,817 Kevin Olson - $27,500 None of the individuals reported on the filing organization's Form 990, Part VII, Section A received a retention bonus payout during calendar year 2023. The following individuals participated in a 457(f) plan during 2023. Accruals into the plan during calendar year 2023 were as follows. These amounts are included on Schedule J, Part II, Col (c): Amit Rastogi - $95,000 Dale Hocking - $14,090 Steven Seeley - $32,000 Julia Click - $15,250 Kevin Olson - $13,750 Pamela Canter - $15,250 Rogerio Lilenbaum - $49,500 None of the individuals reported on the filing organization's Form 990, Part VII, Section A received a distribution from the 457(f) plan during calendar year 2023.

Schedule J, Part I, Line 7 Non-fixed payments

THE ORGANIZATION OFFERS BONUSES BASED ON THE ACHIEVEMENT OF INDIVIDUAL AND ORGANIZATIONAL GOALS; THIS BONUS IS BASED ON A PERCENTAGE OF BASE SALARY OF THE EMPLOYEE. IN ADDITION, SOME INTERESTED PERSONS RECEIVED AN ADDITIONAL PERFORMANCE BONUS THAT IS NOT BASED ON A FIXED FORMULA.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Pavilion Insurance Company LLC

  INSURANCE · NC · income $8,678,926 · assets $8,886,777

  Directly controlled by JUPITER MEDICAL CENTER INC

• JUPITER OUTPATIENT SURGERY CENTER LLC

  SURGERY CENTER · FL · income $5,259,686 · assets $12,072,540

  Directly controlled by JUPITER MEDICAL CENTER INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• TTB PARTNERS LTD

  Related · MEDICAL OFFICE BUILDING · FL · 51% owned · share of income $272,002 · share of assets $1,927,110

  Directly controlled by JMC

• Jupiter Medical Specialists LLC

  N/A · Physician practices · FL

  Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• JMC SPECIALTY GROUP INC

  C Corporation · PHYSICIAN GROUP · FL · 100% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by JUPITER MEDICAL CENTER INC

• JUPITER HEALTH VENTURES INC

  C Corporation · JV HOLDING COMPANY · FL

  Directly controlled by Jupiter Health Inc