MIAMI, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
MIAMI JEWISH HEALTH SYSTEMS, INC. WAS INCORPORATED TO PROVIDE SHELTER FOR THE ELDERLY AND DEVELOP SOCIAL & HEALTH PROGRAMS RELATING TO THEIR CARE. IN ADDITION, RESEARCH & EDUCATIONAL PROGRAMS ARE CONDUCTED FOR THE ELDERLY TO ENHANCE THEIR ABILITY TO REMAIN INDEPENDENT AND ACTIVE.
MIAMI JEWISH HEALTH SYSTEMS, INC. (MJHS) PROVIDES SKILLED NURSING, LONG-TERM CARE, RESIDENTIAL AND COMMUNITY-BASED SERVICES TO THE ELDERLY AND OTHERS WHO WOULD BENEFIT. SINCE ITS INCEPTION, THE...
MIAMI JEWISH HEALTH SYSTEMS, INC. (MJHS) PROVIDES SKILLED NURSING, LONG-TERM CARE, RESIDENTIAL AND COMMUNITY-BASED SERVICES TO THE ELDERLY AND OTHERS WHO WOULD BENEFIT. SINCE ITS INCEPTION, THE ORGANIZATION HAS EXPANDED TO INCLUDE A NUMBER OF AFFILIATED ENTITIES, ORGANIZED TO PROVIDE AN ARRAY OF ADDITIONAL PROGRAMS, SUCH AS ASSISTIVE HOUSING, OUTPATIENT SERVICES, AND COMMUNITY-BASED PROGRAMS. THESE PROGRAMS OFFER ALTERNATIVES TO INSTITUTIONALIZATION, AS WELL AS RESEARCH, EDUCATION, AND TRAINING IN AREAS PRIMARILY FOCUSED ON CARE FOR THE ELDERLY. ACROSS ALL PROGRAMS, THERE WERE 109,703 PATIENT DAYS IN THE CURRENT YEAR.SEE SCHEDULE O FOR ADDITIONAL INFORMATION.HEALTHCARE - MIAMI JEWISH HEATH SYSTEMS, INC. IS A 494-BED FACILITY PROVIDING A FULL RANGE OF HEALTHCARE SERVICES TO THE ELDERLY. THESE INCLUDE ITS 462-BED NURSING HOME, WHICH PROVIDES LONG-TERM RESIDENTIAL CARE AND SKILLED NURSING CARE FOR OLDER ADULTS WITH CHRONIC ILLNESSES. THE FACILITY ALSO PROVIDES SHORT-TERM REHABILITATION SERVIES FOR MEDICARE BENEFICIARIES RECOVERING FROM SURGERY, STROKE, ETC. AND A 32-BED GERIATRIC MEDICAL SPECIALTY HOSPITAL, WHICH PROVIDES ACUTE CARE FOR THE ELDERLY. IN ADDITION, THE FACILITY'S AMBULATORY HEALTH CENTERS PROVIDE OUTPATIENT HEALTH SERVICES AND SUB-SPECIALTY SERVICES DELIVERED BY PHYSICIANS AND HEALTH PRACTITIONERS SPECIALIZING IN GERIATRIC HEALTHCARE, MENTAL HEALTH, PAIN MANAGEMENT, AND PSYCHIATRY.RESIDENTIAL CARE - MIAMI JEWISH HEALTH SYSTEMS, INC. PROVIDES TWO LEVELS OF ADULT LIVING FACILITIES THE FIRST IS A LICENSED 98-APARTMENT ADULT CONGREGATE LIVING FACILITY, WHICH PROVIDES MODERATE HOUSING DESIGNED FOR THE FRAIL, BUT INDEPENDENT ELDERLY. ITS TENANTS ARE OFFERED TRANSPORTATION AND CULTURAL/SOCIAL AMENITIES. THE OTHER FACILITY IS A LICENSED 92-APARTMENT ASSISTED LIVING FACILITY, WHICH PROVIDES PHYSICAL, MENTAL, AND SOCIAL ACTIVITIES, AS WELL AS DIRECT CARE ASSISTANCE AND NURSING SUPERVISION.CASE MANAGEMENT/DAY CARE - MIAMI JEWISH HEALTH SYSTEMS, INC. OPERATES A STATE SPONSORED PROGRAM IN WHICH CASE MANAGERS COORDINATE IN-HOME ASSISTANCE SUCH AS PERSONAL CARE, MEALS, ADULT DAY CARE, AND MEDICAL SUPPLIES. THE PROGRAM SERVES PEOPLE LIVING IN MIAMI-DADE OR BROWARD COUNTIES, AGE 60 OR OLDER, WHO ARE ELIGIBLE FOR CARE IN A NURSING HOME AS REQUIRED BY MEDICAID. MIAMI JEWISH HEALTH SYSTEMS OPERATES THE PROJECT ON BEHALF OF THE STATE OF FLORIDA'S AGENCY FOR HEALTHCARE ADMINISTRATION AND THE DEPARTMENT OF ELDER AFFAIRS.
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 | $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% |
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
Sign In| 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 |
| 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 |
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