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REMSA Health reports $11.2 million net asset gain in FY2024; Pennington Foundation gift funded new aircraft
Summary
REMSA Health presented its audited financial statements for the fiscal year ended June 30, 2024, to the District Board of Health. The organization reported an $11.2 million positive change in net assets, including a $5.3 million gift from the William N. Pennington Foundation used to purchase an aircraft.
REMSA Health told the District Board of Health Thursday that its audited financial statements for the fiscal year ending June 30, 2024, received the auditors’ highest opinion and showed a positive change in net assets of $11.2 million.
Barry Duplantis, REMSA Health chief executive officer and president, briefed the board and said $5.3 million of that increase was a grant from the William N. Pennington Foundation that was used to purchase a new aircraft to serve the community. Duplantis said the organization invested about $10.7 million in the community in 2024, including the aircraft and additional medical equipment and new ambulances.
“That compares to $1.6 million the year before,” Duplantis said, summarizing the turnaround. He told the board the organization is fiscally sound:…
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