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Trenton Medical Center

Also known as Palms Medical Group

High Springs, FL · EIN 59-2871302 · 501(c)(3) · Hospital or medical research organization
Latest filing: Form 990 for the fiscal year ending May 31, 2025 (tax year 2024) · View the filing · Correct or respond

Trenton Medical Center reported $77.3 million in revenue and $69.2 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $81.65 went to program services, $18.35 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 91.0% of the total. Government grants made up 7.3%. The highest compensation it reported for one person was $620,105 (CEO). 67 people received more than $100,000 in reportable compensation. Revenue rose 129% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $69M

For context, the median across 314 covered diseases, disorders & medical disciplines charities: $88.73 programs, $10.89 management, $0.38 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $77M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 314 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
81.6%86.7%
Management & general
Part IX 25(C) ÷ 25(A)
18.4%10.6%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.4%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
7.4%24.7%
Government grants share of revenue
Part VIII 1e ÷ 12
7.3%0.6%
Program service revenue share
Part VIII 2g ÷ 12
91.0%59.5%
Highest reported compensation
Part VII-A, columns D–F
$620,105$391,657
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.90%1.45%
People paid over $100,000
Part VII, line 2
6710
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
14.47.6
Independent voting board members
Part VI 1a–1b
10 of 10100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$57M expenses · 100.0% of program spending · revenue $71M

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 locations have 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…

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CEO
Officer, 40.00 hrs/week
$550,102$0$70,003$620,105
CMO
Officer, 40.00 hrs/week
$414,193$0$64,425$478,618
ASST MED DIRECTOR
Highest compensated employee, 40.00 hrs/week
$307,604$0$41,740$349,344
CAO
Officer, 40.00 hrs/week
$280,838$0$23,284$304,122
MEDICAL DOCTOR
Highest compensated employee, 40.00 hrs/week
$260,148$0$30,777$290,925
CFO
Officer, 40.00 hrs/week
$230,770$0$47,922$278,692
DENTAL DIRECTOR
Highest compensated employee, 40.00 hrs/week
$232,261$0$35,164$267,425
CCO
Officer, 40.00 hrs/week
$215,342$0$45,620$260,962

67 people received more than $100,000 in reportable compensation from Trenton Medical Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$77M$69M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$77M$69M81.6%$83M$620,105
FY2024 ⓘ$66M$59M79.2%$75M$544,053
FY2023 ⓘ$59M$47M77.2%$69M$549,733
FY2022 ⓘ$52M$40M77.7%$56M$510,930
FY2021 ⓘ$49M$35M78.9%$44M$468,567
FY2020 ⓘ$34M$31M76.7%$31M$432,056

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5508

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
NEXTGEN HEALTHCARE
Ehr software
$2,278,511
PRO SERVICES OF NORTH FLORIDA
Janitorial svcs
$788,908
TIMEDOC HEALTH
Patient monitor
$370,639
TITAN CONSTRUCTION
Constr mgmt
$296,314
FLORIDA PHONE SYSTEMS INC
Phone services
$291,996

Individuals listed as contractors are left out. 13 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Trenton Medical Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Trenton Medical Center, you can publish a response that is linked from this page.

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Questions people ask

How much of Trenton Medical Center's spending goes to programs?

In the fiscal year ending May 31, 2025, Trenton Medical Center reported that 81.6% of its $69.2 million in expenses went to program services, 18.4% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Trenton Medical Center pay its top executive?

The largest total compensation Trenton Medical Center reported for one person in the fiscal year ending May 31, 2025 was $620,105, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Trenton Medical Center get its money?

Of $77.3 million in revenue in the fiscal year ending May 31, 2025, 7.4% came from contributions and grants (including 7.3% from government grants) and 91.0% from program service revenue (Form 990, Part VIII).

Is Trenton Medical Center a registered charity?

The IRS lists EIN 59-2871302 as a 501(c)(3) organization (hospital or medical research organization), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202542689349300904 · read the filing
  • FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202402789349301665 · read the filing
  • FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202332779349300928 · read the filing
  • FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202233019349301343 · read the filing
  • FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202142949349300219 · read the filing
  • FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202002869349301105 · read the filing

All filings for EIN 59-2871302: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.