Martin Memorial Medical Center Inc

EIN: 590637874 501(c)(3) Health Care

Stuart, FL

Total Revenue
$599,721,329
Total Expenses
$568,624,402
Total Assets
$689,877,804
Net Assets
$278,715,999
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
FL
Phone
7722875200
Tax Period
2018-10-01 to 2019-09-30

Martin Memorial Medical Center Inc, founded in 1939, is a major nonprofit in the Health Care sector that reported $599.7M in total revenue in fiscal year 2018. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $568.6M left a modest 5% surplus.

Mission

To provide better care of the sick, investigation into their problems and further education of those who serve. The primary mission is to provide quality health care services to the citizens of Martin and Southern St. Lucie Counties through its acute and ambulatory care facilities.

Program Service Accomplishments

Program 1
Expenses: $516,665,389 Revenue: $563,603,524

MARTIN MEMORIAL MEDICAL CENTER PROVIDED 118,849 PATIENT DAYS OF SERVICE AT ITS THREE HOSPITALS. THE MEDICAL CENTER ALSO PROVIDED CARE TO 120,286 PATIENTS THROUGH ITS FOUR EMERGENCY DEPARTMENTS DURING...

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MARTIN MEMORIAL MEDICAL CENTER PROVIDED 118,849 PATIENT DAYS OF SERVICE AT ITS THREE HOSPITALS. THE MEDICAL CENTER ALSO PROVIDED CARE TO 120,286 PATIENTS THROUGH ITS FOUR EMERGENCY DEPARTMENTS DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2019. THE MEDICAL CENTER PROVIDES A NUMBER OF COMMUNITY HEALTH CARE EDUCATION OPPORTUNITIES AND HEALTH SCREENING THROUGHOUT THE YEAR.

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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 (2018)

Revenue Breakdown

Contributions & Grants $2,319,643
Program Service Revenue $559,424,331
Investment Income $31,509,803
Other Revenue $6,467,552
TOTAL REVENUE $599,721,329

Expense Breakdown

Grants Paid $309,159
Salaries & Benefits $266,173,551
Fundraising Expenses $0
Program Expenses $516,665,389
Other Expenses $302,141,692
TOTAL EXPENSES $568,624,402

Year-over-Year Comparison

2018 2017 Change
Revenue $599,721,329 $538,221,186 +0.1%
Expenses $568,624,402 $517,629,352 +0.1%
Net Income $31,096,927 $20,591,834 +0.5%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
11
Employees
5394
Volunteers
1278

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
20
$11,546,009
Total Directors
31
$6,632,297
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A CHAIRMAN- PARTIAL YEAR THROUGH 4/19 5.0
Officer Director
$0 $0 $0
N/A CLO- PARTIAL YEAR THROUGH 4/19 50.0
Officer Director
$389,962 $80,355 $470,317
N/A CHAIRMAN AS OF 5/19 5.0
Officer Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 50.0
Director
$373,788 $39,482 $413,270
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$35,250 $0 $35,250
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 50.0
Director
$408,031 $12,322 $420,353
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR PARTIAL YEAR THROUGH 4/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 1.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $41,001 $1,178,590
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $0 $0
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $45,693 $3,023,696
N/A DIRECTOR AS OF 5/19 5.0
Director
$0 $45,228 $1,090,821
N/A CFO- PARTIAL YEAR THROUGH 4/19 50.0
Officer
$610,588 $159,833 $770,421
N/A PRESIDENT 50.0
Officer
$945,659 $311,505 $1,257,164
N/A CLO PARTIAL YEAR THROUGH 11/18 50.0
Officer
$60,183 $19,832 $80,015
N/A CIO- PARTIAL YEAR THROUGH 4/19 50.0
Officer
$461,348 $81,369 $542,717
N/A CMCO- PARTIAL YEAR THROUGH 4/19 50.0
Officer
$346,593 $85,930 $432,523
N/A CNO- PARTIAL YEAR THROUGH 4/19 50.0
Officer
$418,194 $97,078 $515,272
N/A CHRO- PARTIAL YEAR THROUGH 3/19 50.0
Officer
$433,797 $98,767 $532,564
N/A CMO- PARTIAL YEAR THROUGH 4/19 50.0
Officer
$509,171 $110,579 $619,750
N/A CPO- PARTIAL YEAR THROUGH 4/19 1.0
Officer
$0 $83,652 $404,434
N/A CPGO- PARTIAL YEAR THROUGH 4/19 50.0
Officer
$538,470 $106,436 $644,906
N/A ASSISTANT TREASURER AS OF 5/19 50.0
Officer
$221,194 $51,042 $272,236
N/A CFO & TREASURER AS OF 5/19 5.0
Officer
$0 $42,994 $1,697,706
N/A CAO & CONTROLLER AS OF 5/19 5.0
Officer
$0 $18,094 $408,790
N/A SECRETARY AS OF 5/19 5.0
Officer
$0 $46,847 $1,678,199
N/A ASSISTANT SECRETARY AS OF 5/19 5.0
Officer
$0 $40,768 $536,424
N/A ASSISTANT SECRETARY AS OF 5/19 5.0
Officer
$0 $21,244 $234,513
N/A CPO-PARTIAL YEAR THROUGH 3/19 50.0
Officer
$408,348 $39,710 $448,058
N/A NEUROSURGEON 50.0
Highest
$1,598,213 $161,493 $1,759,706
N/A PHYSICIAN 50.0
Highest
$1,157,804 $140,493 $1,298,297
N/A NEUROSURGEON 50.0
Highest
$1,024,978 $161,493 $1,186,471
N/A PHYSICIAN 50.0
Highest
$622,398 $76,493 $698,891
N/A NEUROSURGEON 50.0
Highest
$911,443 $97,239 $1,008,682
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
2019 $599,721,329 $568,624,402 $689,877,804 $31,096,927
2018 $538,221,186 $517,629,352 $699,419,017 $20,591,834
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