DADE COUNTY MEDICAL ASSOCIATIONINC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $364,728 Revenue: $215,123

PUBLICATIONS - THE ASSOCIATION PUBLISHES A WEEKLY E-NEWSLETTER WHICH IS DISTRIBUTED TO THE MEMBERS AND INCLUDES THE LATEST NEWS AS WELL AS MIAMI MEDICINE WHICH IS A QUARTERLY PUBLICATION THAT...

PUBLICATIONS - THE ASSOCIATION PUBLISHES A WEEKLY E-NEWSLETTER WHICH IS DISTRIBUTED TO THE MEMBERS AND INCLUDES THE LATEST NEWS AS WELL AS MIAMI MEDICINE WHICH IS A QUARTERLY PUBLICATION THAT HIGHLIGHTS THE RESEARCH BEING CONDUCTED BY PHYSICIANS AND MEDICAL STUDENTS IN THE COMMUNITY.

Program 2

Expenses: $13,679 Revenue: $66,730

CONTINUING MEDICAL EDUCATION - THE ASSOCIATION SPONSORS EDUCATIONAL SEMINARS FOR MEMBERS.

Program 3

Expenses: $4,189 Revenue: $1,686

MEMBERSHIP SERVICES - THE DADE COUNTY MEDICAL ASSOCIATION HOSTED A RESEARCH COMPETITION FOR MEDICAL STUDENTS AND RESIDENTS TRAINING IN MIAMI-DADE COUNTY. THEY ALSO HOSTED THE PHYSICIAN LEADERSHIP...

MEMBERSHIP SERVICES - THE DADE COUNTY MEDICAL ASSOCIATION HOSTED A RESEARCH COMPETITION FOR MEDICAL STUDENTS AND RESIDENTS TRAINING IN MIAMI-DADE COUNTY. THEY ALSO HOSTED THE PHYSICIAN LEADERSHIP ACADEMY WHICH PROVIDES A PLATFORM FOR EARLY CAREER PHYSICIANS TO ADVANCE THEIR CAREERS AND FURTHER DEVELOP LEADERSHIP SKILLS. OTHER SERVICES PROVIDED BY THE ORGANIZATION INCLUDE SUPPORT SERVICES AND INFORMATION ON INSURANCE AND REFERRALS.

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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 (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

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

Total Directors

Key Employees

Highest Compensated

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