MIAMI JEWISH HEALTH SYSTEMS INC (EIN 590624414) - 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

1940

Legal Domicile

Principal Officer

JEFFREY FREIMARK

Phone

3057518626

Tax Period

2023-07-01 to 2024-06-30

MIAMI JEWISH HEALTH SYSTEMS INC, founded in 1940, is a mid-sized nonprofit in the Human Services sector that reported $88.0M in total revenue in fiscal year 2023. Expenses of $104.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

TO PROVIDE COMPASSIONATE HEALTHCARE THROUGH A FULL RANGE OF QUALITY SERVICES.

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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 $3,896,935

Program Service Revenue $83,340,577

Investment Income $230,222

Other Revenue $525,613

TOTAL REVENUE $87,993,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,720,229

Fundraising Expenses $0

Program Expenses $88,784,501

Other Expenses $52,692,940

TOTAL EXPENSES $104,413,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,993,347	$83,297,006	+0.1%
Expenses	$104,413,169	$95,892,780	+0.1%
Net Income	$-16,419,822	$-12,595,774	+0.3%

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

826

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

$2,037,634

Total Directors

$1,550,478

Key Employees

$2,530,330

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY FREIMARK	PRESIDENT/CEO	27.00	Officer Director	$1,507,278	$43,200	$1,550,478
JOHN RICHARD	CHAIR	1.00	Officer Director	$0	$0	$0
RONALD FIELDSTONE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
SUSAN R BAKER MD	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN BROWN EDD	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE A CYPEN	DIRECTOR	1.00	Director	$0	$0	$0
RICARDO GARBATI	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK F MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY RITTENBERG	DIRECTOR	1.00	Director	$0	$0	$0
JAY SOLOWSKY	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR UNGER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL DURR	TREASURER	40.00	Officer	$366,145	$25,915	$392,060
LESLIE TORRES	SECRETARY	30.00	Officer	$95,096	$0	$95,096
ALAN GOLDSMITH	EVP CFO COO	40.00	Key Emp	$453,075	$39,919	$492,994
SHAUN CORBETT	CHIEF MEDICAL OFFICER	40.00	Key Emp	$428,137	$18,348	$446,485
MARC AGRONIN	CHIEF MEDICAL OFFICER	40.00	Key Emp	$394,328	$24,057	$418,385
DANA KULVIN	CHIEF BUSINESS STRATEGIST	40.00	Key Emp	$370,868	$13,200	$384,068
BERNARDO LARRALDE	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$255,294	$27,896	$283,190
JASON PINCUS	VP NURSING HOME ADMINISTRA	40.00	Key Emp	$245,243	$30,498	$275,741
LEAH BRODERICK	CHIEF SALES & MARKETING OF	40.00	Key Emp	$202,663	$26,804	$229,467
ALISON GREWE	CDO PRESIDENT & CEO MJHSF	1.00	Highest	$244,907	$9,418	$254,325
JOSEPH SHINI	AVP CLINICAL SERVICES	40.00	Highest	$204,671	$25,860	$230,531
ROBERT PURCELL	EXECUTIVE DIRECTOR	40.00	Highest	$185,843	$9,931	$195,774
JENNIFER RAY	EXECUTIVE DIRECTOR	40.00	Highest	$180,130	$4,030	$184,160
CLIFF BAUER	VP GOVERNMENT RELATIONS AND JOINT VENTURES	40.00	Highest	$168,510	$0	$168,510

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
2025	No data	No data	No data	No data
2024	$87,993,347	$104,413,169	$94,438,328	$-16,419,822
2023	$83,297,006	$95,892,780	$92,593,339	$-12,595,774
2022	$74,726,770	$89,706,238	$95,823,438	$-14,979,468
2021	$101,998,643	$103,734,764	$106,159,073	$-1,736,121
2020	$95,541,241	$110,551,509	$91,015,655	$-15,010,268
2019	$64,474,562	$93,544,392	$105,087,102	$-29,069,830
2018	$87,816,324	$92,408,412	$102,052,714	$-4,592,088

MIAMI JEWISH HEALTH SYSTEMS INC