TRENTON MEDICAL CENTER INC (EIN 592871302) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

ANITA REMBERT

Phone

3524634501

Tax Period

2024-06-01 to 2025-05-31

TRENTON MEDICAL CENTER INC, founded in 1988, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $77.3M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $69.2M left a modest 10% surplus.

Mission

PALMS MEDICAL GROUP IS A NOT-FOR-PROFIT HEALTHCARE PROVIDER COMMITTED TO BRING QUALITY, AFFORDABLE PRIMARY CARE AND PREVENTIVE SERVICES TO THE COMMUNITIES WE SERVE. IN ADDITION TO PRIMARY CARE, PALMS OFFERS PEDIATRIC CARE, MENTAL HEALTH, AND DENTAL SERVICES, AS WELL AS COMPLEMENTARY ALTERNATIVE MEDICINE SUCH AS CHIROPRACTIC CARE. MANY OF OUR LOCATIONSHAVE LABS, X-RAY EQUIPMENT AND A PHARMACY UNDER ONE ROOF, SAVING PATIENTS TIME AND MONEY. AS A FEDERALLY QUALIFIED COMMUNITY HEALTH CENTER, PALMS ACCEPTS MOST PUBLIC AND PRIVATE INSURANCE INCLUDING MEDICARE AND MEDICAID PATIENTS. PALMS OFFERS A SLIDING FEE SCALE BASED ON INCOME. NO ONE IS DENIED MEDICAL CARE BECAUSE OF LACK OF INSURANCE OR INCOME.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,743,471

Program Service Revenue $70,351,538

Investment Income $901,567

Other Revenue $333,303

TOTAL REVENUE $77,329,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,324,884

Fundraising Expenses $0

Program Expenses $56,527,566

Other Expenses $30,907,101

TOTAL EXPENSES $69,231,985

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,329,879	$65,587,269	+0.2%
Expenses	$69,231,985	$59,496,091	+0.2%
Net Income	$8,097,894	$6,091,178	+0.3%

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

Governance

Voting Members

Independent Members

Employees

508

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

$1,942,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CATALANOTTO	CHAIR	0.50	Officer Director	$0	$0	$0
STEPHEN ELDER	VICE CHAIR	0.50	Officer Director	$0	$0	$0
CHARLES HATCH	SECRETARY	0.50	Officer Director	$0	$0	$0
JUAN HENLEY	TREASURER	0.50	Officer Director	$0	$0	$0
GAIL OSTEEN	BOARD MEMBER	0.50	Director	$0	$0	$0
CLIF BRADLEY	BOARD MEMBER	0.50	Director	$0	$0	$0
LINDA RANKIN	BOARD MEMBER	0.50	Director	$0	$0	$0
MARILYN THOMPSON	BOARD MEMBER	0.50	Director	$0	$0	$0
MELISSA SNODGRASS	BOARD MEMBER	0.50	Director	$0	$0	$0
JULIE CALVITT	BOARD MEMBER	0.50	Director	$0	$0	$0
ANITA REMBERT	CEO	40.00	Officer	$550,102	$70,003	$620,105
BRUCE THOMAS	CMO	40.00	Officer	$414,193	$64,425	$478,618
ANDREW JONES	CFO	40.00	Officer	$230,770	$47,922	$278,692
CHARLES TURLEY	CAO	40.00	Officer	$280,838	$23,284	$304,122
CRYSTAL CULLEN	CCO	40.00	Officer	$215,342	$45,620	$260,962
JEYKO GARUZ	ASST MED DIRECTOR	40.00	Highest	$307,604	$41,740	$349,344
STANLEY JONES	DENTAL DIRECTOR	40.00	Highest	$232,261	$35,164	$267,425
MATTHEW ROONEY	DENTIST	40.00	Highest	$233,266	$19,120	$252,386
JAMES RAZI	MEDICAL DOCTOR	40.00	Highest	$260,148	$30,777	$290,925
ELIZABETH BURKETT	MEDICAL DOCTOR	40.00	Highest	$220,404	$25,537	$245,941

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
2025	$77,329,879	$69,231,985	$91,424,753	$8,097,894
2024	$65,587,269	$59,496,091	$83,174,293	$6,091,178
2023	$59,245,237	$46,772,377	$77,179,570	$12,472,860
2022	$51,939,000	$40,346,530	$64,420,086	$11,592,470
2021	$48,564,922	$35,264,897	$47,999,382	$13,300,025
2020	$33,706,276	$30,874,868	$36,415,508	$2,831,408
2019	$32,248,372	$27,889,221	$29,733,314	$4,359,151

TRENTON MEDICAL CENTER INC