DADE COUNTY MEDICAL ASSOCIATIONINC

EIN: 590555657 Community Improvement

MIAMI, FL

Total Revenue
$464,922
Total Expenses
$486,576
Total Assets
$4,144,932
Net Assets
$4,133,307
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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
1969
Legal Domicile
FL
Principal Officer
FRASER COBBE
Phone
3053248717
Tax Period
2024-01-01 to 2024-12-31

DADE COUNTY MEDICAL ASSOCIATIONINC, founded in 1969, is a small nonprofit in the Community Improvement sector that reported $465K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $4.1M represent 107 months of operating reserves.

Mission

TO AID MEMBER PHYSICIANS IN REMAINING CURRENT ON NEW DEVELOPMENTS IN MEDICAL, LEGAL AND ACCOUNTING ISSUES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $283,539
Investment Income $148,852
Other Revenue $32,531
TOTAL REVENUE $464,922

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $382,596
Other Expenses $486,576
TOTAL EXPENSES $486,576

Year-over-Year Comparison

2024 2023 Change
Revenue $464,922 $415,587 +0.1%
Expenses $486,576 $500,382 0.0%
Net Income $-21,654 $-84,795 -0.7%
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

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
25

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
6
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA ARES-ROMERO MD PRESIDENT N/A
Officer Director
$0 $0 $0
CARMEL J BARRAU MD IMMEDIATE PA N/A
Officer Director
$0 $0 $0
ADRIANA BONANSEA-FRANCES MD PRESIDENT EL N/A
Officer Director
$0 $0 $0
JORGE MARCOS MD VICE PRESIDE N/A
Officer Director
$0 $0 $0
JULIE KANTOR MD SECRETARY/TR N/A
Officer Director
$0 $0 $0
ENRIQUE FERNANDEZ MD NORTH DISTRI N/A
Director
$0 $0 $0
EUGENE FU MD NORTH DISTRI N/A
Director
$0 $0 $0
RAUL GROSZ MD NORTH DISTRI N/A
Director
$0 $0 $0
ESTELAMARI RODRIGUEZ MD SOUTH DISTRI N/A
Director
$0 $0 $0
JEFRY BIEHLER MD SOUTH DISTRI N/A
Director
$0 $0 $0
VERONICA ALVAREZ-GALIANA MD SOUTH DISTRI N/A
Director
$0 $0 $0
AUDREA VAUGHAN DO AT LARGE MEM N/A
Director
$0 $0 $0
DAMARIS MAFUT DO AT LARGE MEM N/A
Director
$0 $0 $0
CARLA RABASSA MD ADVISORY MEM N/A
Director
$0 $0 $0
SEAN GNECCO MD ADVISORY MEM N/A
Director
$0 $0 $0
STEVEN FALCONE MD MBA ADVISORY MEM N/A
Director
$0 $0 $0
NATALLIA STARASVETSKAYA MD PHYSICIAN IN N/A
Director
$0 $0 $0
WILLIAM SOTO MD PHYSICIAN IN N/A
Director
$0 $0 $0
HUGO DUENAS MEDICAL STUD N/A
Director
$0 $0 $0
ALEJANDRO ARZOLA MEDICAL STUD N/A
Director
$0 $0 $0
JOEY LUZARRAGA MEDICAL STUD N/A
Director
$0 $0 $0
SHANTELL STEELE MEDICAL STUD N/A
Director
$0 $0 $0
ANDREA ZHANG MEDICAL STUD N/A
Director
$0 $0 $0
JESSIE CHEN MEDICAL STUD N/A
Director
$0 $0 $0
FRASER COBBE EXECUTIVE DI N/A
Officer
$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
2024 $464,922 $486,576 $4,144,932 $-21,654
2023 $415,587 $500,382 $3,942,304 $-84,795
2022 $273,376 $438,584 $3,844,608 $-165,208
2021 $405,647 $420,366 $4,409,086 $-14,719
2020 $258,879 $374,145 $4,223,978 $-115,266
2019 $387,317 $515,221 $4,150,434 $-127,904
2018 $347,020 $455,802 $4,089,312 $-108,782
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