Watch Care Inc

EIN: 592913247 501(c)(3) Human Services

Atlantic Beach, FL

Total Revenue
$254,439
Total Expenses
$285,111
Total Assets
$84,345
Net Assets
$15,752
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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
1989
Legal Domicile
FL
Principal Officer
Jamie L Glavich
Phone
9042491984
Tax Period
2023-01-01 to 2023-12-31

Watch Care Inc, founded in 1989, is a small nonprofit in the Human Services sector that reported $254K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $285K exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide adult day care services including meals, personal care, socialization and therapy to individuals over age 50 wtih dementia and to raise awareness in the community about the causes, symptoms and treatments.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,452
Program Service Revenue $230,980
Investment Income $7
Other Revenue $0
TOTAL REVENUE $254,439

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $252,791
Other Expenses $285,111
TOTAL EXPENSES $285,111

Year-over-Year Comparison

2023 2022 Change
Revenue $254,439 $288,056 -0.1%
Expenses $285,111 $270,331 +0.1%
Net Income $-30,672 $17,725 -2.7%
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
5
Independent Members
4
Employees
N/A
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
1
$96,000
Total Directors
5
$96,000
Key Employees
1
$96,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jamie L Glavich President 020.00
Officer Director Key Emp
$35,000 $0 $96,000
Steve Pertzman Director 001.00
Director
$0 $0 $0
Glorida Smith Director 001.00
Director
$0 $0 $0
Bernice Marinelli Director 001.00
Director
$0 $0 $0
Stuart Gaines Director 001.00
Director
$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 No data No data No data No data
2023 $254,439 $285,111 $84,345 $-30,672
2022 $288,056 $270,331 $113,590 $17,725
2021 $255,998 $260,228 $97,767 $-4,230
2020 $224,406 $256,816 $101,305 $-32,410
2019 $282,424 $267,051 $135,003 $15,373
2018 $225,540 $214,876 $119,087 $10,664
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