Jacksonville, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PACE PARTNERS OF NORTHEAST FLORIDA INC, founded in 2013, is a mid-sized nonprofit in the Human Services sector that reported $12.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $14.5M exceeded revenue, resulting in a 13% operating deficit.
OPERATE A PROGRAM FOR ALL INCLUSIVE CARE TO PATIENTS WHO ARE NURSING HOME ELIGIBLE BUT CAN SAFELY REMAIN AT HOME.
PACE Partners of Northeast Florida, Inc Dba PACE Place was approved by Medicare, Medicaid and the Department of Elder Affairs to enroll its first participant on March 1, 2020. Opening its door to...
PACE Partners of Northeast Florida, Inc Dba PACE Place was approved by Medicare, Medicaid and the Department of Elder Affairs to enroll its first participant on March 1, 2020. Opening its door to frail seniors was an idea that started over seven year earlier by Community Hospice and Palliative Care and Aging True. Currently owned solely by Community Hospice and Palliative care, PACE continues this mission. PACE (Program for All-Inclusive Care to the Elderly) is a nationally recognized model of care designed for people 55 or older who require nursing-home-level care but would rather receive it at home or in the community rather than in a nursing home. Our clinic and beautiful adult day health center are located at 5450 Ramona Boulevard, Jacksonville, FL 32205. PACE Place #1 priority is to assist elders in maintaining their independence and providing support to remain at home. The PACE team understands the demands of being a caregiver and helps with coordinating all care and services including transportation. Caregivers can relax knowing PACE Place is looking out for their loved ones. PACE Place All-Inclusive fully capitated benefit package includes: Primary Care, Hospital Care, Medical Specialty Services, Prescription Drugs (Medicare Part D Drugs), Nursing Home Services, Nursing Services, Personal Care Services, Emergency Services, Home Care, Physical Therapy, Occupation Therapy, Adult Day Health Care, Recreational Therapy, Meals, Dental Care, Nutritional counseling, Social Services, Laboratory/X-Ray, Social Work Counseling, End of Life Care and Transportation. PACE Place provides all these services on a capitated monthly rate per participant that costs less than nursing home care and PACE's receives less per participant per month from Medicaid as compared to Medicaid Long Term Managed Care Companies. Payment for PACE services can come from Medicare, Medicaid and Private Pay. Nationally, around one percent of all PACE funding comes from Private Pay and the split between dually eligible (Medicare and Medicaid) and Medicaid only is 87% dual and 13% Medicaid only. The reimbursement in Florida is higher for dually eligible participants. PACE Place enrolled 65 new participants in FY 2024 ending with a total census of 105 participants. Currently our enrolled member's payer mix is made up of 13% Medicaid only participants. This represents a lower reimbursement per participant per month while still providing all of the services.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $12,768,032 | $11,084,663 | +0.2% |
| Expenses | $14,471,616 | $10,347,512 | +0.4% |
| Net Income | $-1,703,584 | $737,151 | -3.3% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kenneth McCosh | CFO Alivia Care, Inc. | 1.0 |
Officer
Director
|
$0 | $28,055 | $344,230 |
| Phillip Ward | President & CEO Community Hospice of Northeast Florida | 1.0 |
Officer
Director
|
$0 | $43,388 | $549,732 |
| Susan Ponder-Stansel | President & CEO Alivia Care, Inc., Chair | 2.0 |
Officer
Director
|
$0 | $96,442 | $732,097 |
| Hon Audrey Gibson | Board Member | 2.0 |
Director
|
$0 | $0 | $0 |
| John Logue | Board Member (Through December 2023) | 1.0 |
Director
|
$0 | $0 | $0 |
| Amy Bretz | PACE - Executive Director, Ex-Officio | 40.0 |
Highest
|
$147,300 | $21,070 | $168,370 |
| Jose A Silva | PACE -MD | 40.0 |
Highest
|
$200,053 | $10,237 | $210,290 |
| Mary Wynette McCrakin | PACE - APRN | 40.0 |
Highest
|
$118,112 | $15,201 | $133,313 |
| Michelle James | PACE - Center Manager | 40.0 |
Highest
|
$113,598 | $7,700 | $121,298 |
| Sasha Liberio | PACE - Physical Therapist/ Rehab Manager | 40.0 |
Highest
|
$116,188 | $10,400 | $126,588 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $12,768,032 | $14,471,616 | $3,082,827 | $-1,703,584 |
| 2023 | $11,084,663 | $10,347,512 | $3,697,912 | $737,151 |
| 2022 | $6,938,030 | $7,716,818 | $3,324,604 | $-778,788 |
| 2021 | $4,993,731 | $5,770,085 | $2,528,576 | $-776,354 |
| 2020 | $878,152 | $2,249,552 | $2,354,598 | $-1,371,400 |
| 2019 | No data | $447,191 | $1,746,346 | No data |
| 2018 | No data | $184,048 | $1,778,755 | No data |
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