JGS LIFECARE CORPORATION (EIN 042129128) - 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

1938

Legal Domicile

Principal Officer

ADAM BERMAN

Phone

4135676211

Tax Period

2023-01-01 to 2023-12-31

JGS LIFECARE CORPORATION, founded in 1938, is a micro nonprofit in the Diseases & Disorders sector that reported $4K in total revenue in fiscal year 2023. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $981K exceeded revenue, resulting in a 26316% operating deficit.

Mission

NON-PROFIT ORGANIZATION DEDICATED TO IMPROVING THE PHYSICAL, SPIRITUAL AND EMOTIONAL HEALTH OF INDIVIDUALS AND FAMILIES.

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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 $3,714

Other Revenue $0

TOTAL REVENUE $3,714

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $938,617

Other Expenses $981,101

TOTAL EXPENSES $981,101

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,714	$16,120	-0.8%
Expenses	$981,101	$1,141,010	-0.1%
Net Income	$-977,387	$-1,124,890	-0.1%

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

$2,185,916

Total Directors

$750,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BERMAN	PRESIDENT AND CEO	1.00	Officer Director	$0	$21,326	$750,987
STUART ANFANG	CHAIR	1.00	Officer Director	$0	$0	$0
RUDY D'AGOSTINO	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL CASARTELLO	CLERK	1.00	Officer Director	$0	$0	$0
CHRISTOPHER CARR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE FEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
GERALD LAZARUS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GOLDSMITH	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
JODIE DITUSA	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FINKEL	DIRECTOR	1.00	Director	$0	$0	$0
PETER GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HALPERN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DANE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KLINE	DIRECTOR	1.00	Director	$0	$0	$0
JANE ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WEBER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BERMAN	CEO EMERITUS-CHIEF PHILANTHROPY OFFICER	1.00	Officer	$0	$10,548	$903,917
ELIZABETH MULLEN	COO	1.00	Officer	$0	$8,407	$301,271
JENNIFER SANTERRE	CFO	1.00	Officer	$0	$20,813	$229,741

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
2024	No data	No data	No data	No data
2023	$3,714	$981,101	$3,182,539	$-977,387
2022	$16,120	$1,141,010	$4,302,371	$-1,124,890
2021	$-57,278	$432,041	$6,233,942	$-489,319
2020	$145,441	$437,076	$57,475,617	$-291,635
2019	$18,805	$417,349	$57,527,901	$-398,544
2018	$1,675,091	$2,043,221	$62,002,606	$-368,130

JGS LIFECARE CORPORATION