PASSAGEWAY RESIDENCE OF DADE COUNTY INC (EIN 592088143) - 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

1981

Legal Domicile

Principal Officer

FEDERICO HIRLEMANN

Tax Period

2024-07-01 to 2025-06-30

PASSAGEWAY RESIDENCE OF DADE COUNTY INC, founded in 1981, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 12% surplus.

Mission

TO ASSIST INDIVIDUALS WITH A HISTORY OF FORENSIC MENTAL HEALTH PROBLEMS TO ADJUST TO AN ACCEPTABLE SOCIAL LIFESTYLE

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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 $2,912,447

Program Service Revenue $1,987,513

Investment Income $188,754

Other Revenue $19,631

TOTAL REVENUE $5,108,345

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,048,197

Fundraising Expenses $0

Program Expenses $4,130,800

Other Expenses $1,443,776

TOTAL EXPENSES $4,491,973

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,108,345	$4,557,210	+0.1%
Expenses	$4,491,973	$4,205,788	+0.1%
Net Income	$616,372	$351,422	+0.8%

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

Volunteers

N/A

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

$691,234

Total Directors

Key Employees

$171,517

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARTURO A ARMAND	VICE-PRESIDENT	0.00	Director	$0	$0	$0
DR DAMARYS SANCHEZ	SECRETARY	0.00	Director	$0	$0	$0
FERNANDO NIN	MEMBER	0.00	Director	$0	$0	$0
ROBERTO A PIRE	MEMBER	0.00	Director	$0	$0	$0
MARIA X CORTADA	MEMBER	0.00	Director	$0	$0	$0
BRENDA LAMPON	MEMBER	0.00	Director	$0	$0	$0
SINDY FRANCO	MEMBER	0.00	Director	$0	$0	$0
MARA APOSTOL	MEMBER	0.00	Director	$0	$0	$0
LILLIAN MENENDEZ	PRESIDENT/CEO	40.00	Officer	$236,450	$0	$236,450
FEDERICO HIRLEMANN	CFO	40.00	Officer	$200,595	$0	$200,595
ILAN MELNICK	CMO	40.00	Officer	$142,554	$0	$142,554
JUAN GAITAN	DIRECTOR	40.00	Officer	$111,635	$0	$111,635
VIVIAN CUEVAS	PSYCHIATRIST	40.00	Key Emp	$171,517	$0	$171,517

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	$5,108,345	$4,491,973	$7,889,521	$616,372
2024	$4,557,210	$4,205,788	$8,430,187	$351,422
2023	$4,883,247	$4,492,343	$7,963,339	$390,904
2022	$4,096,514	$3,643,464	$6,934,694	$453,050
2021	$4,037,025	$3,591,081	$5,904,382	$445,944
2020	$3,989,883	$3,397,237	$5,368,488	$592,646
2019	$3,597,297	$3,168,116	$4,725,740	$429,181

PASSAGEWAY RESIDENCE OF DADE COUNTY INC