DOUGLAS GARDENS HOME CARE INC

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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

2001

Legal Domicile

Phone

3057518626

Tax Period

2024-07-01 to 2025-06-30

DOUGLAS GARDENS HOME CARE INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $7.0M exceeded revenue, resulting in a 34% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT ITS PARENT, MIAMI JEWISH HEALTH SYSTEMS, INC., A 501(C)(3), BY ADMINISTERING A NURSE REGISTRY PROGRAM IN MIAMI-DADE COUNTY, FLORIDA. THE PROGRAM PROVIDES NURSING, PERSONAL CARE SERVICES, AND COMPANION SERVICES.

Program Service Accomplishments

Program 1

Expenses: $4,687,127 Revenue: $5,227,499

FOR ADULTS OF ALL AGES, THE SERVICES OF DOUGLAS GARDENS HOME CARE, INC. ADDRESS THE IMMEDIATE AND LONG-TERM NEEDS OF CLIENTS BY PROVIDING CASE MANAGEMENT SERVICES AND BY PROVIDING HOME HEALTH AIDS...

FOR ADULTS OF ALL AGES, THE SERVICES OF DOUGLAS GARDENS HOME CARE, INC. ADDRESS THE IMMEDIATE AND LONG-TERM NEEDS OF CLIENTS BY PROVIDING CASE MANAGEMENT SERVICES AND BY PROVIDING HOME HEALTH AIDS AND COMPANIONS IN A HOME SETTING. THE ORGANIZATION ALSO OPERATES A MEDICAL GUARDIAN MONITORING PROGRAM, WHICH PROVIDES MEDICATION REMINDERS AND PERSONAL RESPONSE SYSTEM FOR ITS CLIENTS. DURING THE CURRENT YEAR, THE FILING ORGANIZATION SERVED AN AVERAGE OF 168 PATIENTS ON A MONTHLY BASIS.

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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 $5,227,499

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,227,499

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,687,127

Other Expenses $6,988,300

TOTAL EXPENSES $6,988,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,227,499	$6,216,780	-0.2%
Expenses	$6,988,300	$8,250,710	-0.2%
Net Income	$-1,760,801	$-2,033,930	-0.1%

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

N/A

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

$2,174,433

Total Directors

$2,492,729

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN GOLDSMITH	TREASURER/MEMBER	1.0	Officer Director	$0	$77,523	$653,155
JEFFREY FREIMARK	PRESIDENT	1.0	Officer Director	$0	$14,000	$1,521,278
JASON PINCUS	DIRECTOR	1.0	Director	$0	$26,754	$318,296

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	$5,227,499	$6,988,300	$5,965,418	$-1,760,801
2024	$6,216,780	$8,250,710	$5,217,283	$-2,033,930
2023	$6,173,901	$7,677,920	$4,839,776	$-1,504,019
2022	$5,904,124	$5,459,388	$4,748,665	$444,736
2021	$5,797,202	$5,588,908	$4,331,132	$208,294
2020	$6,748,840	$6,650,680	$4,118,581	$98,160
2019	$6,130,166	$5,717,406	$4,038,254	$412,760
2018	$6,145,347	$5,826,715	$3,156,006	$318,632