Jupiter Medical Center Physicians Group Inc

EIN: 263187119 501(c)(3) Health Care

JUPITER, FL

Total Revenue
$31,409,762
Total Expenses
$59,216,580
Total Assets
$17,737,922
Net Assets
$5,059,083
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
FL
Phone
5612632234
Tax Period
2023-10-01 to 2024-09-30

Jupiter Medical Center Physicians Group Inc, founded in 2008, is a mid-sized nonprofit in the Health Care sector that reported $31.4M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. Expenses of $59.2M exceeded revenue, resulting in a 89% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,681,704
Investment Income $-8,492
Other Revenue $-263,450
TOTAL REVENUE $31,409,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $44,459,762
Fundraising Expenses $0
Program Expenses $48,092,007
Other Expenses $14,756,818
TOTAL EXPENSES $59,216,580

Year-over-Year Comparison

2023 2022 Change
Revenue $31,409,762 $18,667,032 +0.7%
Expenses $59,216,580 $40,992,937 +0.4%
Net Income $-27,806,818 $-22,325,905 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
340
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$2,997,151
Total Directors
3
$2,997,151
Key Employees
1
$1,352,608
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Amit Rastogi MD MHCM PRESIDENT & CEO/CHAIRMAN 5.0
Officer Director
$0 $260,293 $1,777,589
MICHAEL LOFTUS SVP & CFO (beginning April 2023) 1.0
Officer Director
$0 $6,735 $530,930
Steven Seeley MSN CENP CEN CPHQ SVP & COO/SECRETARY 5.0
Officer Director
$0 $105,301 $688,632
Rogerio Lilenbaum SVP and Chief Physician Executive 40.0
Key Emp
$0 $163,606 $1,352,608
Arthur H Katz MD Physician 40.0
Highest
$1,122,378 $10,564 $1,132,942
Craig D Vogel DO Physician 40.0
Highest
$796,354 $16,197 $812,551
Debra Brandt DO Physician 40.0
Highest
$738,619 $32,237 $770,856
Rahul Aggarwal MD Physician 40.0
Highest
$1,029,756 $10,897 $1,040,653
Shanel B Bhagwandin MD Physician 40.0
Highest
$1,001,626 $34,032 $1,035,658
DALE HOCKING CPA FORMER CFO/VICE CHAIR/TREASURER 0.0
$0 $31,816 $497,198
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $31,409,762 $59,216,580 $17,737,922 $-27,806,818
2023 $18,667,032 $40,992,937 $13,991,263 $-22,325,905
2022 $24,518,544 $21,771,464 $9,426,815 $2,747,080
2021 $16,868,605 $18,144,079 $7,041,500 $-1,275,474
2020 $12,243,542 $14,742,672 $7,791,214 $-2,499,130
2019 $6,520,625 $11,596,191 $2,979,591 $-5,075,566
2018 $5,837,553 $9,900,462 $3,228,625 $-4,062,909
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