Skip to content
Nonprofiteer
← JUPITER MEDICAL CENTER PHYSICIANS GROUP INC

Form 990 for tax year 2023

Filed by JUPITER MEDICAL CENTER PHYSICIANS GROUP INC.

Totals

Total revenue
$31,409,762
Total expenses
$59,216,580
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$31,681,704
Investment income
-$8,492
Other revenue
-$263,450
Total assets, end of year
$17,737,922
Total liabilities, end of year
$12,678,839
Net assets or fund balances, end of year
$5,059,083
Program services expenses (Part IX)
$48,092,007
Management and general expenses
$11,124,573
Fundraising expenses
$0
Program service expenses (Part III)
$48,092,007

Program services were 81.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: NET PATIENT SERVICE REVENUE

    total $31,681,704 · related or exempt $31,681,704

  • 2f · All other program service revenue

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

  • 6a · Gross rents

    real property $46,090

  • 6b · Less rental expenses

    real property $309,540

  • 6c · Rental income or loss

    real property -$263,450 · personal property $0

  • 6d · Net rental income or loss

    total -$263,450 · excluded -$263,450

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $8,492

  • 7c · Gain or loss

    securities $0 · other assets -$8,492

  • 7d · Net gain or loss

    total -$8,492 · excluded -$8,492

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $39,531,048 · program services $31,867,472 · management and general $7,663,576

  • 8 · Pension plan contributions

    total $671,369 · program services $541,216 · management and general $130,153

  • 9 · Other employee benefits

    total $2,044,380 · program services $1,648,052 · management and general $396,328

  • 10 · Payroll taxes

    total $2,212,965 · program services $1,783,955 · management and general $429,010

  • 11g · Fees: other

    total $5,567,770 · program services $4,740,844 · management and general $826,926 · fundraising $0

  • 12 · Advertising and promotion

    total $88,016 · management and general $88,016

  • 13 · Office expenses

    total $443,330 · program services $357,385 · management and general $85,945

  • 16 · Occupancy

    total $4,855,569 · program services $3,914,258 · management and general $941,311

  • 17 · Travel

    total $25,739 · program services $20,749 · management and general $4,990

  • 22 · Depreciation, depletion and amortization

    total $568,326 · program services $458,149 · management and general $110,177

  • 23 · Insurance

    total $2,038,369 · program services $1,643,206 · management and general $395,163

  • 24a · Other expenses: Medical Supplies

    total $867,835 · program services $867,835

  • 24b · Other expenses: Membership & Licenses

    total $127,845 · program services $103,061 · management and general $24,784

  • 24c · Other expenses: Professional Development

    total $87,459 · program services $70,504 · management and general $16,955

  • 24d · Other expenses: Medical Equipment Rental

    total $28,589 · program services $28,589

  • 24e · All other expenses

    total $57,971 · program services $46,732 · management and general $11,239 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $591,928 · end of year $449,942

  • 4 · Accounts receivable

    beginning of year $6,356,537 · end of year $6,976,836

  • 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

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

    $5,595,119

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

    $3,576,743

  • 10c · Land, buildings and equipment, net

    beginning of year $2,089,276 · end of year $2,018,376

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $4,953,522 · end of year $8,292,768

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,814,667 · end of year $2,891,468

  • 19 · Deferred revenue

    beginning of year $910,167 · end of year $1,419,083

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,899,222 · end of year $8,368,288

  • 27 · Net assets without donor restrictions

    beginning of year $6,367,207 · end of year $5,059,083

Mission and programs · 2023

Mission

JMCPG is committed to providing compassionate, personalized care from the region's most trusted team of physicians and health care professionals. Across the Palm Beaches and the Treasure Coast of Florida, JMCPG practice locations offer unparalleled care coupled with the resources of the award-winning not-for-profit hospital Jupiter Medical Center.

Activities or mission (Part I)

Jupiter Medical Center Physicians Group, Inc. ("JMCPG") is committed to providing compassionate, personalized care from the region's most trusted team of physicians and health care professionals.

  • THE ORGANIZATION EMPLOYS PHYSICIANS AND OTHER ALLIED HEALTH PROFESSIONALS TO PROVIDE PROFESSIONAL MEDICAL SERVICES TO AREA RESIDENTS INCLUDING primary care physicians, surgical specialists, hospitalists, sleep specialists, cardiologists, pulmonologists, and oncologists. With more than 20 locations across Florida's Palm Beaches and Treasure Coast, JMCPG medical professionals PROVIDE CHARITY CARE AND OFTEN SEE PATIENTS WHO WOULD NOT OTHERWISE HAVE ACCESS TO NECESSARY MEDICAL CARE.

    Expenses $48,092,007 · Revenue $31,681,704

As filed on the 2023 return.

Listed in Part VII

  • Amit Rastogi MD MHCM

    PRESIDENT & CEO/CHAIRMAN

    Total calculated
    $1,777,589
    From this org
    $0
    From related orgs
    $1,517,296
    Other
    $260,293
    Hours/week
    5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $912,980 related
    Bonus
    $0 + $560,500 related
    Other
    $0 + $43,816 related
    Deferred
    $0 + $251,224 related
    Nontaxable benefits
    $0 + $9,069 related
    Filer's total
    $0 + $1,777,589 related

  • Michael Loftus

    SVP & CFO (beginning April 2023)

    Total calculated
    $530,930
    From this org
    $0
    From related orgs
    $524,195
    Other
    $6,735
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,019 related
    Bonus
    $0 + $129,125 related
    Other
    $0 + $34,051 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,735 related
    Filer's total
    $0 + $530,930 related

  • Steven Seeley MSN CENP CEN CPHQ

    SVP & COO/SECRETARY

    Total calculated
    $688,632
    From this org
    $0
    From related orgs
    $583,331
    Other
    $105,301
    Hours/week
    5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $421,726 related
    Bonus
    $0 + $141,600 related
    Other
    $0 + $20,005 related
    Deferred
    $0 + $102,370 related
    Nontaxable benefits
    $0 + $2,931 related
    Filer's total
    $0 + $688,632 related

  • Rogerio Lilenbaum

    SVP and Chief Physician Executive

    Total calculated
    $1,352,608
    From this org
    $0
    From related orgs
    $1,189,002
    Other
    $163,606
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $890,917 related
    Bonus
    $0 + $284,175 related
    Other
    $0 + $13,910 related
    Deferred
    $0 + $155,100 related
    Nontaxable benefits
    $0 + $8,506 related
    Filer's total
    $0 + $1,352,608 related

  • Arthur H Katz MD

    Physician

    Total calculated
    $1,132,942
    From this org
    $1,122,378
    From related orgs
    $0
    Other
    $10,564
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,006,953
    Bonus
    $95,833
    Other
    $19,592
    Deferred
    $6,600
    Nontaxable benefits
    $3,964
    Filer's total
    $1,132,942

  • Craig D Vogel DO

    Physician

    Total calculated
    $812,551
    From this org
    $796,354
    From related orgs
    $0
    Other
    $16,197
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $787,908
    Bonus
    $0
    Other
    $8,446
    Deferred
    $0
    Nontaxable benefits
    $16,197
    Filer's total
    $812,551

  • Debra Brandt DO

    Physician

    Total calculated
    $770,856
    From this org
    $738,619
    From related orgs
    $0
    Other
    $32,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $507,184
    Bonus
    $203,600
    Other
    $27,835
    Deferred
    $16,007
    Nontaxable benefits
    $16,230
    Filer's total
    $770,856

  • Rahul Aggarwal MD

    Physician

    Total calculated
    $1,040,653
    From this org
    $1,029,756
    From related orgs
    $0
    Other
    $10,897
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,025,916
    Bonus
    $0
    Other
    $3,840
    Deferred
    $0
    Nontaxable benefits
    $10,897
    Filer's total
    $1,040,653

  • Shanel B Bhagwandin MD

    Physician

    Total calculated
    $1,035,658
    From this org
    $1,001,626
    From related orgs
    $0
    Other
    $34,032
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $540,492
    Bonus
    $459,946
    Other
    $1,188
    Deferred
    $15,023
    Nontaxable benefits
    $19,009
    Filer's total
    $1,035,658

  • Dale Hocking CPA

    FORMER CFO/VICE CHAIR/TREASURER

    Total calculated
    $497,198
    From this org
    $0
    From related orgs
    $465,382
    Other
    $31,816
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $348,982 related
    Bonus
    $0 + $105,414 related
    Other
    $0 + $10,986 related
    Deferred
    $0 + $28,185 related
    Nontaxable benefits
    $0 + $3,631 related
    Filer's total
    $0 + $497,198 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE COMPENSATION COMMITTEE OF THE BOARD OF JUPITER MEDICAL CENTER, INC. DETERMINES THE COMPENSATION OF THE PRESIDENT AND CEO. THE COMMITTEE USES AN INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEYS, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE TO ESTABLISH COMPENSATION.
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 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 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

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

  • TTB PARTNERS LTD

    N/A · LAND RENTAL · 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

    Directly controlled by NA

  • JUPITER HEALTH VENTURES INC

    C Corporation · JV HOLDING COMPANY · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
14 August 2025
IRS schema version
2023v6.0
Source object
202502269349301330

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.