South Beach Nursing and Rehabilita… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

Harry Fruhman

Phone

3059170460

Tax Period

2023-01-01 to 2023-12-31

Mission

TO PROVIDE DIGNIFIED CARE IN A HOME-LIKE ATMOSPHERE TO OUR RESIDENTS AND OUR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ORGANIZATION PROVIDED REHABILITATION SERVICES AND SKILLED NURSING CARE FOR SENIORS IN SOUTH FLORIDA. IT WAS COMMITTED TO CONTINUOUSLY STRIVE TO IMPROVE AND DEVELOP THE MOST EFFECTIVE SYSTEMS FOR PROVIDING CUTTING EDGE ELDER CARE SERVICE AND DELIVERY. IN MAY 2018, THE ORGANIZATION SOLD ITS OPERATIONS AND PROPERTY AND EQUIPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	$63,831	-1.0%
Net Income	N/A	$-63,831	N/A

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

N/A

Volunteers

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

$285,022

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY FRUHMAN	CHIEF EXECUTIVE OFFICER	0.05	Officer	$0	$0	$285,022
BEN ROZSANSKY	VICE CHAIRMAN	0.05	Officer Director	$0	$0	$0
MARTIN WASSERMAN	TREASURER/SECRETARY	0.05	Officer Director	$0	$0	$0
JOAN BRENT	SECRETARY	0.05	Officer Director	$0	$0	$0
ALAN JOTKOFF	DIRECTOR	0.05	Director	$0	$0	$0
MICKEY MINAGORRI	DIRECTOR	0.05	Director	$0	$0	$0
DANYLLE ROSS	DIRECTOR	0.05	Director	$0	$0	$0

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
2023	No data	No data	No data	No data
2022	No data	$63,831	$8,876,011	No data
2021	$71,042	$10,710	$8,808,894	$60,332
2020	$20,002	$16,295	$8,820,934	$3,707
2019	$111,193	$71,412	$9,008,350	$39,781
2018	$8,296,506	$5,425,844	$8,905,370	$2,870,662

South Beach Nursing and Rehabilitation Center Inc