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Nonprofiteer
← JUPITER MEDICAL CENTER PHYSICIANS GROUP INC

Form 990 for tax year 2024

Filed by JUPITER MEDICAL CENTER PHYSICIANS GROUP INC.

Totals

Total revenue
$34,911,432
Total expenses
$67,306,953
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$34,526,491
Investment income
$640,936
Other revenue
-$255,995
Total assets, end of year
$17,509,518
Total liabilities, end of year
$15,671,041
Net assets or fund balances, end of year
$1,838,477
Program services expenses (Part IX)
$54,847,349
Management and general expenses
$12,459,604
Fundraising expenses
$0
Program service expenses (Part III)
$54,847,349

Program services were 81.5% 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 $34,526,491 · related or exempt $34,526,491

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $656,992 · excluded $656,992

  • 6a · Gross rents

    real property $47,473

  • 6b · Less rental expenses

    real property $303,468

  • 6c · Rental income or loss

    real property -$255,995 · personal property $0

  • 6d · Net rental income or loss

    total -$255,995 · excluded -$255,995

  • 7a · Gross sales of assets other than inventory

    other assets $0

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

    other assets $16,056

  • 7c · Gain or loss

    securities $0 · other assets -$16,056

  • 7d · Net gain or loss

    total -$16,056 · excluded -$16,056

  • 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 $45,208,223 · program services $36,444,057 · management and general $8,764,166

  • 8 · Pension plan contributions

    total $929,639 · program services $749,417 · management and general $180,222

  • 9 · Other employee benefits

    total $2,830,834 · program services $2,282,042 · management and general $548,792

  • 10 · Payroll taxes

    total $3,064,272 · program services $2,470,226 · management and general $594,046

  • 11g · Fees: other

    total $5,962,329 · program services $5,296,202 · management and general $666,127 · fundraising $0

  • 12 · Advertising and promotion

    total $76,246 · management and general $76,246

  • 13 · Office expenses

    total $1,805,943 · program services $1,455,839 · management and general $350,104

  • 16 · Occupancy

    total $3,414,056 · program services $2,752,200 · management and general $661,856

  • 17 · Travel

    total $59,998 · program services $48,366 · management and general $11,632

  • 22 · Depreciation, depletion and amortization

    total $599,633 · program services $483,387 · management and general $116,246

  • 23 · Insurance

    total $2,271,221 · program services $1,830,917 · management and general $440,304

  • 24a · Other expenses: MEDICAL SUPPLIES

    total $827,349 · program services $827,349

  • 24b · Other expenses: MEMBERSHIP & LICENSES

    total $127,436 · program services $102,731 · management and general $24,705

  • 24c · Other expenses: PROFESSIONAL DEVELOPMENT

    total $63,036 · program services $50,816 · management and general $12,220

  • 24e · All other expenses

    total $66,738 · program services $53,800 · management and general $12,938 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $449,942 · end of year $1,934,092

  • 4 · Accounts receivable

    beginning of year $6,976,836 · end of year $5,991,123

  • 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

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $19,100

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

    $6,041,794

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

    $4,063,848

  • 10c · Land, buildings and equipment, net

    beginning of year $2,018,376 · end of year $1,977,946

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $8,292,768 · end of year $7,587,257

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,891,468 · end of year $6,403,852

  • 19 · Deferred revenue

    beginning of year $1,419,083 · end of year $1,488,708

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,368,288 · end of year $7,778,481

  • 27 · Net assets without donor restrictions

    beginning of year $5,059,083 · end of year $1,838,477

Mission and programs · 2024

Mission

JMCPG IS COMMITTED TO PROVIDING COMPASSIONATE, PERSONALIZED CARE VIA A MULTISPECIALTY TEAM OF HIGH-CALIBER PHYSICIANS AND ADVANCED PRACTICE CLINICIANS. 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 VIA A MULTISPECIALTY TEAM OF HIGH-CALIBER PHYSICIANS AND ADVANCED PRACTICE CLINICIANS.

  • 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 $54,847,349 · Revenue $34,526,491

As filed on the 2024 return.

Listed in Part VII

  • Allison Viramontes Mha CPA Fache

    CFO (BEG JUNE 2025)

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Amit Rastogi MD Mhcm

    PRESIDENT & CEO / CHAIRMAN

    Total calculated
    $2,236,730
    From this org
    $0
    From related orgs
    $2,003,669
    Other
    $233,061
    Hours/week
    5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,165,925 related
    Bonus
    $0 + $485,000 related
    Other
    $0 + $352,744 related
    Deferred
    $0 + $203,800 related
    Nontaxable benefits
    $0 + $29,261 related
    Filer's total
    $0 + $2,236,730 related

  • Michael Loftus

    SVP & CFO (THRU DEC 2024)

    Total calculated
    $623,698
    From this org
    $0
    From related orgs
    $588,324
    Other
    $35,374
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $480,271 related
    Bonus
    $0 + $89,250 related
    Other
    $0 + $18,803 related
    Deferred
    $0 + $12,308 related
    Nontaxable benefits
    $0 + $23,066 related
    Filer's total
    $0 + $623,698 related

  • Stephan Quiriconi

    INTERIM CFO (JAN 2025 THRU JUNE 2025)

    Total calculated
    $0
    Hours/week
    1 + 44 related

  • Steven Seeley Msn Cenp Cen Cphq

    SVP & COO/SECRETARY

    Total calculated
    $930,199
    From this org
    $0
    From related orgs
    $847,352
    Other
    $82,847
    Hours/week
    5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $506,227 related
    Bonus
    $0 + $183,622 related
    Other
    $0 + $157,503 related
    Deferred
    $0 + $72,945 related
    Nontaxable benefits
    $0 + $9,902 related
    Filer's total
    $0 + $930,199 related

  • Aharon Sareli MD

    CHIEF CLINICAL OFFICER (BEG AUGUST 2025)

    Total calculated
    $0
    Hours/week
    40

  • Carlos Martins Mha

    JMC PHYSICIAN GROUP PRESIDENT (BEG AUGUST 2025)

    Total calculated
    $0
    Hours/week
    40

  • Rogerio Lilenbaum MD

    SVP AND CHIEF PHYSICIAN EXECUTIVE (THRU DEC 2024)

    Total calculated
    $1,243,565
    From this org
    $0
    From related orgs
    $1,200,048
    Other
    $43,517
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $750,291 related
    Bonus
    $0 + $115,762 related
    Other
    $0 + $333,995 related
    Deferred
    $0 + $13,800 related
    Nontaxable benefits
    $0 + $29,717 related
    Filer's total
    $0 + $1,243,565 related

  • Arthur H Katz MD

    PHYSICIAN

    Total calculated
    $1,073,801
    From this org
    $1,054,053
    From related orgs
    $0
    Other
    $19,748
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,035,232
    Bonus
    $0
    Other
    $18,821
    Deferred
    $0
    Nontaxable benefits
    $19,748
    Filer's total
    $1,073,801

  • Craig D Vogel Do

    PHYSICIAN

    Total calculated
    $1,040,650
    From this org
    $986,811
    From related orgs
    $0
    Other
    $53,839
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $793,134
    Bonus
    $181,246
    Other
    $12,431
    Deferred
    $13,800
    Nontaxable benefits
    $40,039
    Filer's total
    $1,040,650

  • Morteza Tavakol MD

    PHYSICIAN

    Total calculated
    $1,122,381
    From this org
    $1,084,727
    From related orgs
    $0
    Other
    $37,654
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $793,437
    Bonus
    $288,438
    Other
    $2,852
    Deferred
    $0
    Nontaxable benefits
    $37,654
    Filer's total
    $1,122,381

  • Rahul Aggarwal MD

    PHYSICIAN

    Total calculated
    $1,323,939
    From this org
    $1,283,187
    From related orgs
    $0
    Other
    $40,752
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,024,212
    Bonus
    $255,277
    Other
    $3,698
    Deferred
    $0
    Nontaxable benefits
    $40,752
    Filer's total
    $1,323,939

  • Vivek A Patel MD

    PHYSICIAN

    Total calculated
    $1,114,027
    From this org
    $1,062,030
    From related orgs
    $0
    Other
    $51,997
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $953,675
    Bonus
    $83,448
    Other
    $24,907
    Deferred
    $8,462
    Nontaxable benefits
    $43,535
    Filer's total
    $1,114,027

  • Dale Hocking CPA

    FORMER CFO/VICE CHAIR/TREASURER

    Total calculated
    $443,039
    From this org
    $0
    From related orgs
    $436,696
    Other
    $6,343
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $80,021 related
    Bonus
    $0
    Other
    $0 + $356,675 related
    Deferred
    $0 + $3,089 related
    Nontaxable benefits
    $0 + $3,254 related
    Filer's total
    $0 + $443,039 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

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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 4A SEVERANCE OR CHANGE-OF-CONTROL PAYMENT
DURING CALENDAR YEAR 2024, DALE HOCKING RECEIVED SEVERANCE PAYMENTS FROM A RELATED ORGANIZATION TOTALING $270,971.
SCHEDULE J, PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN
DURING CALENDAR YEAR 2024, ACCRUALS RELATED TO A RETENTION BONUS PLAN WERE MADE FOR THE FOLLOWING INDIVIDUALS. THESE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COL (C): AMIT RASTOGI - $190,000 STEVEN SEELEY - $60,000 ROGERIO LILENBAUM RECEIVED A RETENTION BONUS PAYOUT DURING CALENDAR YEAR 2024 OF $180,000. DURING CALENDAR YEAR 2024, THERE WERE NO ACCRUALS MADE INTO A 457(F) PLAN FOR ANY INDIVIDUALS REPORTED ON THE FILING ORGANIZATION'S FORM 990, PART VII, SECTION A THAT WERE NOT PAID OUT PRIOR TO THE END OF CALENDAR YEAR 2024. THE FOLLOWING INDIVIDUALS RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN DURING CALENDAR YEAR 2024. THESE AMOUNTS ARE INCLUDED ON SCHEDULE J, PART II, COL (B)(III): AMIT RASTOGI - $302,702 STEVEN SEELEY - $130,709 MICHAEL LOFTUS - $16,291 ROGERIO LILENBAUM - $117,713 DALE HOCKING - $84,150
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
2024
Filed
15 August 2026
IRS schema version
2024v5.1
Source object
202602269349303275

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