Nonprofit · EIN 23-7438190
THE MEDICAL CENTER AT OCEAN REEF INC
Tax-exempt · KEY LARGO, FL 33037
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $9,680,848 | $8,975,639 | $705,209 | $2,439,575 | $1,532,079 | $907,496 |
| June 30, 2024 | 990 | $7,862,702 | $8,507,115 | -$644,413 | $1,825,204 | $1,622,917 | $202,287 |
| June 30, 2023 | 990 | $7,568,646 | $7,736,012 | -$167,366 | $2,223,662 | $1,376,962 | $846,700 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $5,033,945
- Program service revenue
- $4,550,712
- Investment income
- $0
- Other revenue
- $96,191
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $4,663,145
- Salaries, compensation and benefits (total)
- $6,203,612
- Professional fundraising fees
- $0
- Legal fees
- $30,450
- Accounting fees
- $30,805
- Depreciation
- $286,839
- Program services (functional)
- $6,514,007
- Management and general (functional)
- $2,461,632
Balance sheet and other
- Total assets, start of year
- $1,825,204
- Total assets, end of year
- $2,439,575
- Total liabilities, end of year
- $1,532,079
- Net assets, end of year
- $907,496
- Land, buildings and equipment
- $1,254,946
- Net assets without donor restrictions
- $907,496
- Gross receipts
- $9,680,848
- Employees
- 46
- Volunteers
- 0
- Year formed
- 1974
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RENE FERNANDEZ | PHYSICIAN Highest-paid employee | 40 | $333,497 |
| SUZANNE ROMEO | PHYSICIAN Highest-paid employee | 40 | $304,292 |
| MANUEL B TORRES | PHYSICIAN Highest-paid employee | 40 | $304,000 |
| CARLOS SMITH | PHYSICIAN Highest-paid employee | 40 | $302,684 |
| RICHARD BAXLEY | PHYSICIAN Highest-paid employee | 40 | $279,038 |
| WILLIAM KEITH YOUNG | ASST. SEC/TREASURER/CEO Key employee | 20 | $218,273 |
| JOE URBINATI | REPRESENTATIVE Trustee or director | 2 | $0 |
| HARRY TOTONIS | REPRESENTATIVE Trustee or director | 2 | $0 |
| HAROLD BREWER | DIRECTOR Trustee or director | 2 | $0 |
| TOM DAVIDSON SR | DIRECTOR Trustee or director | 2 | $0 |
| NORMAN SCOTT | EX OFFICIO Trustee or director | 2 | $0 |
| MICHAEL B BERMAN | DIRECTOR Trustee or director | 2 | $0 |
| ADELAIDE SKOGLUND | DIRECTOR Trustee or director | 2 | $0 |
| LAUREL YOUNG | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL T FAY | TREASURER Trustee or director, Officer | 2 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRIAN KEELEY | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM U PARFET | DIRECTOR Trustee or director | 2 | $0 |
| JAMES SLATTERY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| FRANK MCKEE | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| BARBARA PEARSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| KEITH HILL | DIRECTOR Trustee or director | 2 | $0 |
| JAMES MCCANN | DIRECTOR Trustee or director | 2 | $0 |
| RUDY SCHUPP | DIRECTOR Trustee or director | 2 | $0 |
| W PACK STCLAIR | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 24 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SUZANNE ROMEO | PHYSICIAN Highest-paid employee | 40 | $343,617 |
| MANUEL B TORRES | PHYSICIAN Highest-paid employee | 40 | $303,783 |
| RENE FERNANDEZ | PHYSICIAN Highest-paid employee | 40 | $288,562 |
| CARLOS SMITH | PHYSICIAN Highest-paid employee | 40 | $256,930 |
| RICHARD BAXLEY | PHYSICIAN Highest-paid employee | 40 | $234,200 |
| WILLIAM KEITH YOUNG | ASST. SEC/TREASURER/CEO Key employee | 20 | $229,299 |
| JOHN WELCH | REPRESENTATIVE Trustee or director | 2 | $0 |
| CHARLIE JOHNSTON | REPRESENTATIVE Trustee or director | 2 | $0 |
| HAROLD BREWER | DIRECTOR Trustee or director | 2 | $0 |
| TOM DAVIDSON SR | DIRECTOR Trustee or director | 2 | $0 |
| NORMAN SCOTT | EX OFFICIO Trustee or director | 2 | $0 |
| MICHAEL B BERMAN | DIRECTOR Trustee or director | 2 | $0 |
| DOMINIC DI NAPOLI | DIRECTOR Trustee or director | 2 | $0 |
| LAUREL YOUNG | DIRECTOR Trustee or director | 2 | $0 |
| MICHAEL T FAY | TREASURER Trustee or director, Officer | 2 | $0 |
| BRIAN KEELEY | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM U PARFET | DIRECTOR Trustee or director | 2 | $0 |
| JAMES SLATTERY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| FRANK MCKEE | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 |
| BARBARA PEARSON | SECRETARY Trustee or director, Officer | 2 | $0 |
| KEITH HILL | DIRECTOR Trustee or director | 2 | $0 |
| JAMES MCCANN | DIRECTOR Trustee or director | 2 | $0 |
| RUDY SCHUPP | DIRECTOR Trustee or director | 2 | $0 |
| W PACK STCLAIR | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENE FERNANDEZ | PHYSICIAN Highest-paid employee | 40 | $278,569 | $0 |
| SUZANNE ROMEO | PHYSICIAN Highest-paid employee | 40 | $269,979 | $0 |
| CARLOS SMITH | PHYSICIAN Highest-paid employee | 40 | $260,796 | $0 |
| WILLIAM KEITH YOUNG | ASST. SEC/TREASURER/CEO Highest-paid employee | 20 | $243,644 | $6,889 |
| RICHARD BAXLEY | PHYSICIAN Highest-paid employee | 40 | $233,000 | $0 |
| JOHN WELCH | REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| GEORGE ARONOFF | EX OFFICIO Trustee or director | 2 | $0 | $0 |
| CHARLIE JOHNSTON | REPRESENTATIVE Trustee or director | 2 | $0 | $0 |
| HAROLD BREWER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SARINA KINNEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| NORMAN SCOTT | EX OFFICIO Trustee or director | 2 | $0 | $0 |
| MICHAEL B BERMAN | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| DOMINIC DI NAPOLI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| LAUREL YOUNG | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL T FAY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| BRIAN KEELEY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| WILLIAM U PARFET | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES SLATTERY | VICE CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 50 BARRACUDA LN, KEY LARGO, FL 33037-3733
- Principal officer (990 for 2024)
- WILLIAM KEITH YOUNG, 50 BARRACUDA LANE, KEY LARGO, FL 33037
- Signed the 990
- WILLIAM KEITH YOUNG, ASST. SEC./TREASURER
- Phone
- (305) 367-2600
- Website
- WWW.MCOR.ORG
- Return prepared by
- NICHOLS CAULEY ADVISORY GROUP LLC
Mission
PROVIDE MEDICAL SERVICES TO THE PUBLIC
Program accomplishments
- THE MEDICAL CENTER PROVIDES CERTAIN MEDICAL SERVICES TO THE PUBLIC. DURING THE YEAR ENDED JUNE 30, 2025, THE MEDICAL CENTER HANDLED OVER 3,100 PATIENTS.Expenses $6,514,007 · revenue $4,646,903
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7438190
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1974
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,439,575
- Income (IRS master file)
- $9,680,848
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $9,680,848 | $8,975,639 | $2,439,575 | XML |
| 990 | June 2024 | $7,862,702 | $8,507,115 | $1,825,204 | IRS |
| 990 | June 2023 | $7,568,646 | $7,736,012 | $2,223,662 | XML |
| 990 | June 2022 | $6,940,801 | $7,237,446 | $2,623,807 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7438190).
Questions about THE MEDICAL CENTER AT OCEAN REEF INC
- What is the EIN of THE MEDICAL CENTER AT OCEAN REEF INC?
- The employer identification number (EIN) of THE MEDICAL CENTER AT OCEAN REEF INC is 23-7438190.
- Is THE MEDICAL CENTER AT OCEAN REEF INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1974.
- Are donations to THE MEDICAL CENTER AT OCEAN REEF INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE MEDICAL CENTER AT OCEAN REEF INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE MEDICAL CENTER AT OCEAN REEF INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE MEDICAL CENTER AT OCEAN REEF INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of THE MEDICAL CENTER AT OCEAN REEF INC?
- The 990 for the year ended June 30, 2025 names WILLIAM KEITH YOUNG.
- Who are the officers and directors of THE MEDICAL CENTER AT OCEAN REEF INC?
- The 990 for the year ended June 30, 2025 lists 24 people; 6 received compensation from the organization, the highest $333,497 (RENE FERNANDEZ, PHYSICIAN).
- How much revenue does THE MEDICAL CENTER AT OCEAN REEF INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $9,680,848, expenses of $8,975,639 and total assets of $2,439,575 at year end.
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