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Nonprofiteer
← JUPITER MEDICAL CENTER PHYSICIANS GROUP INC

Form 990 for tax year 2022

Filed by JUPITER MEDICAL CENTER PHYSICIANS GROUP INC.

Totals

Total revenue
$18,667,032
Total expenses
$40,992,937
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$18,911,065
Investment income
$0
Other revenue
-$244,033
Total assets, end of year
$13,991,263
Total liabilities, end of year
$7,624,056
Net assets or fund balances, end of year
$6,367,207
Program services expenses (Part IX)
$33,319,383
Management and general expenses
$7,673,554
Fundraising expenses
$0
Program service expenses (Part III)
$33,319,383

Program services were 81.3% 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 $18,911,065 · related or exempt $18,911,065

  • 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 $290,123

  • 6c · Rental income or loss

    real property -$244,033 · personal property $0

  • 6d · Net rental income or loss

    total -$244,033 · excluded -$244,033

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 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.

  • 5 · Compensation of officers, directors and key employees

    total $2,808,833 · program services $2,808,833 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $26,513,776 · program services $21,506,211 · management and general $5,007,565

  • 8 · Pension plan contributions

    total $399,666 · program services $322,547 · management and general $77,119

  • 9 · Other employee benefits

    total $698,271 · program services $563,534 · management and general $134,737

  • 10 · Payroll taxes

    total $1,634,617 · program services $1,343,655 · management and general $290,962

  • 11g · Fees: other

    total $3,180,414 · program services $2,460,629 · management and general $719,785 · fundraising $0

  • 12 · Advertising and promotion

    total $159,124 · management and general $159,124

  • 13 · Office expenses

    total $1,983 · program services $1,583 · management and general $400

  • 14 · Information technology

    total $310,108 · program services $165,087 · management and general $145,021

  • 16 · Occupancy

    total $2,574,651 · program services $1,989,356 · management and general $585,295

  • 17 · Travel

    total $211,060 · program services $138,716 · management and general $72,344

  • 22 · Depreciation, depletion and amortization

    total $501,159 · program services $376,001 · management and general $125,158

  • 23 · Insurance

    total $953,100 · program services $803,174 · management and general $149,926

  • 24a · Other expenses: Medical & Other Supplies

    total $775,796 · program services $643,091 · management and general $132,705

  • 24b · Other expenses: Membership & Licenses

    total $189,031 · program services $141,300 · management and general $47,731

  • 24c · Other expenses: Professional Development

    total $39,916 · program services $32,811 · management and general $7,105

  • 24d · Other expenses: Medical Equipment Rental

    total $25,950 · program services $18,969 · management and general $6,981

  • 24e · All other expenses

    total $15,482 · program services $3,886 · management and general $11,596 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,226,753 · end of year $591,928

  • 4 · Accounts receivable

    beginning of year $3,038,700 · end of year $6,356,537

  • 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

    $5,212,439

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

    $3,123,163

  • 10c · Land, buildings and equipment, net

    beginning of year $1,905,992 · end of year $2,089,276

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $3,255,370 · end of year $4,953,522

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,240,039 · end of year $1,814,667

  • 19 · Deferred revenue

    beginning of year $502,837 · end of year $910,167

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,302,762 · end of year $4,899,222

  • 27 · Net assets without donor restrictions

    beginning of year $4,381,177 · end of year $6,367,207

Mission and programs · 2022

Mission

THE MISSION OF THE JUPITER MEDICAL CENTER PHYSICIANS GROUP, INC. IS TO PROVIDE PROFESSIONAL MEDICAL SERVICES TO AREA RESIDENTS.

  • THE ORGANIZATION EMPLOYS PHYSICIANS AND OTHER ALLIED HEALTH PROFESSIONALS TO PROVIDE PROFESSIONAL MEDICAL SERVICES TO AREA RESIDENTS INCLUDING HOSPITALISTS, PRIMARY CARE PHYSICIANS, AND SURGICAL SPECIALISTS. THESE SPECIALISTS PROVIDE CHARITY CARE TO PATIENTS AND OFTEN SEE PATIENTS WHO WOULD NOT OTHERWISE HAVE ACCESS TO NECESSARY MEDICAL CARE.

    Expenses $33,319,383 · Revenue $18,911,065

As filed on the 2022 return.

Listed in Part VII

  • Amit Rastogi MD MHCM

    PRESIDENT & CEO/CHAIRMAN

    Total calculated
    $1,728,433
    From this org
    $0
    From related orgs
    $1,477,906
    Other
    $250,527
    Hours/week
    5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $731,163 related
    Bonus
    $0 + $515,400 related
    Other
    $0 + $231,343 related
    Deferred
    $0 + $241,660 related
    Nontaxable benefits
    $0 + $8,867 related
    Filer's total
    $0 + $1,728,433 related

  • Dale Hocking CPA

    VP & CFO/VICE CHAIR & TREASURER (thru April 2023)

    Total calculated
    $476,392
    From this org
    $0
    From related orgs
    $427,414
    Other
    $48,978
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,982 related
    Bonus
    $0 + $71,333 related
    Other
    $0 + $6,099 related
    Deferred
    $0 + $40,556 related
    Nontaxable benefits
    $0 + $8,422 related
    Filer's total
    $0 + $476,392 related

  • Michael Loftus

    SVP & CFO (beginning April 2023)

    Total calculated
    $0
    Hours/week
    1 + 45 related

  • Steven Seeley MSN CENP CEN CPHQ

    SVP & COO/SECRETARY

    Total calculated
    $687,527
    From this org
    $0
    From related orgs
    $583,805
    Other
    $103,722
    Hours/week
    5 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,963 related
    Bonus
    $0 + $193,494 related
    Other
    $0 + $18,348 related
    Deferred
    $0 + $95,075 related
    Nontaxable benefits
    $0 + $8,647 related
    Filer's total
    $0 + $687,527 related

  • Arthur H Katz MD

    Physician

    Total calculated
    $1,099,195
    From this org
    $1,079,053
    From related orgs
    $0
    Other
    $20,142
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,029,003
    Bonus
    $50,000
    Other
    $50
    Deferred
    $6,100
    Nontaxable benefits
    $14,042
    Filer's total
    $1,099,195

  • Donna M Pinelli MD

    Physician

    Total calculated
    $682,799
    From this org
    $633,454
    From related orgs
    $0
    Other
    $49,345
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $429,669
    Bonus
    $183,235
    Other
    $20,550
    Deferred
    $13,869
    Nontaxable benefits
    $35,476
    Filer's total
    $682,799

  • Rogerio Lilenbaum

    SVP and Chief Physician Executive

    Total calculated
    $658,488
    From this org
    $0
    From related orgs
    $646,398
    Other
    $12,090
    Hours/week
    40 + 5 related

    Schedule J breakdown matched by us

    Base
    $0 + $447,007 related
    Bonus
    $0 + $170,193 related
    Other
    $0 + $29,198 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $12,090 related
    Filer's total
    $0 + $658,488 related

  • Shanel B Bhagwandin MD

    Physician

    Total calculated
    $913,782
    From this org
    $862,658
    From related orgs
    $0
    Other
    $51,124
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $522,836
    Bonus
    $339,822
    Other
    $0
    Deferred
    $16,350
    Nontaxable benefits
    $34,774
    Filer's total
    $913,782

  • Debra Brandt DO

    Physician

    Total calculated
    $568,768
    From this org
    $528,792
    From related orgs
    $0
    Other
    $39,976
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,292
    Bonus
    $0
    Other
    $20,500
    Deferred
    $12,094
    Nontaxable benefits
    $27,882
    Filer's total
    $568,768

  • Kenneth A Lee MD

    Physician

    Total calculated
    $666,000
    From this org
    $640,616
    From related orgs
    $0
    Other
    $25,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $567,616
    Bonus
    $52,500
    Other
    $20,500
    Deferred
    $16,962
    Nontaxable benefits
    $8,422
    Filer's total
    $666,000

  • Marshall Stone MD

    Physician

    Total calculated
    $584,485
    From this org
    $543,624
    From related orgs
    $0
    Other
    $40,861
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $543,574
    Bonus
    $0
    Other
    $50
    Deferred
    $16,956
    Nontaxable benefits
    $23,905
    Filer's total
    $584,485

  • Nichole Corry MD

    Physician

    Total calculated
    $310,273
    From this org
    $295,192
    From related orgs
    $0
    Other
    $15,081
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,192
    Bonus
    $25,000
    Other
    $0
    Deferred
    $11,115
    Nontaxable benefits
    $3,966
    Filer's total
    $310,273

  • Nikola Jovanovic MD

    Physician

    Total calculated
    $411,974
    From this org
    $398,884
    From related orgs
    $0
    Other
    $13,090
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,884
    Bonus
    $39,000
    Other
    $0
    Deferred
    $6,100
    Nontaxable benefits
    $6,990
    Filer's total
    $411,974

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 2022. During calendar year 2022, accruals related to retention bonuses were made for the following individuals. These amounts are included on Schedule J, Part II, Col (C): Amit Rastogi - $150,710 Steven Seeley - $39,487 None of the individuals reported on the filing organization's Form 990, Part VII, Section A received a retention bonus payout during calendar year 2022. The following individuals participated in a 457(f) plan during 2022. Accruals into the plan during calendar year 2022 were as follows. These amounts are included on Schedule J, Part II, Col (C): Amit Rastogi - $71,491 Dale Hocking - $27,681 Steven Seeley - $43,735 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 2022.
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.

  • JUPITER OUTPATIENT SURGERY CENTER LLC

    N/A · HOSPITAL · FL

    Directly controlled by NA

  • 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 POST-ACUTE SERVICES INC

    C Corporation · HEALTHCARE SERVICES · FL

    Directly controlled by NA

  • JMC SPECIALTY GROUP INC

    C Corporation · PHYSICIAN GROUP · FL

    Directly controlled by NA

  • JUPITER MEDICAL CENTER COLLABORATIVE INC

    C Corporation · MANAGED CARE CONTRACTING · FL

    Directly controlled by NA

  • JUPITER HEALTH VENTURES INC

    C Corporation · JV HOLDING COMPANY · FL

    Directly controlled by NA

  • JUPITER HEALTH MANAGEMENT SERVICES LLC

    C Corporation · MANAGEMENT SERVICES · FL

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202422289349303242

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