MIAMI BEACH, FL
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)MOUNT SINAI ELDERCARE INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $435K in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 471% operating deficit.
TO AID SENIORS IN REMAINING IN THE COMMUNITY THROUGH TEAM-BASED, QUALITY CARE AND SUPPORT THAT ADDRESSES THEIR INDIVIDUAL NEEDS AND PREFERENCES WITH PROFESSIONALISM AND COMPASSION.
IN 2023, MOUNT SINAI ELDERCARE, INC. BEGAN OPERATIONS AS AN ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) PROGRAM. THE FINAL STEPS IN THE APPROVAL PROCESS INCLUDED AN AUDIT CONDUCTED BY CENTERS FOR...
IN 2023, MOUNT SINAI ELDERCARE, INC. BEGAN OPERATIONS AS AN ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) PROGRAM. THE FINAL STEPS IN THE APPROVAL PROCESS INCLUDED AN AUDIT CONDUCTED BY CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) AND FLORIDA'S AGENCY FOR HEALTH CARE ADMINISTRATION MEDICAID DIVISION. MOUNT SINAI ELDERCARE, INC. OFFICIALLY SIGNED THE PACE PROGRAM AGREEMENT ON JUNE 13, 2023 AND SUBSEQUENTLY ENROLLED THE FIRST FIVE PARTICIPANTS IN SEPTEMBER 2023. ENROLLMENT GOALS WERE SET AT FIVE NET POSITIVE ENROLLMENTS PER MONTH RESULTING IN TWENTY ENROLLED PARTICIPANTS AT YEAR-END. THE ENROLLMENT TEAM WAS VERY BUSY GENERATING ACTIVE LEADS AND SECURING A PIPELINE OF POTENTIAL CANDIDATES THAT RESULTED IN ACTUAL ENROLLMENTS IN 2023 TOTALING 18. ELDERCARE HAD ONE DISENROLLMENT NETTING 17 FOR THE YEAR. OF THE NET ENROLLMENTS, 17% WERE MEDICAID ONLY FUNDED WHILE 83% WERE DUAL OR MEDICARE AND MEDICAID ENROLLEES. THE INTERDISCIPLINARY TEAM WAS SUCCESSFUL IN PROVIDING DISCIPLINE SPECIFIC ASSESSMENTS THAT AIDED IN THE CREATION OF EACH ENROLLED PARTICIPANT FIRST CARE PLAN. THE DAY CARE CENTER STARTED WITH ONE PARTICIPANT PER DAY AND BY YEAR-END THIS TOTAL GREW TO NINE PER DAY. WITH THE INCREASED ATTENDANCE IN THE DAY CARE CENTER CAME THE INCREASE IN MEALS PROVIDED AT THE SAME RATES. IN SEPTEMBER, THERE WERE A TOTAL OF 162 HOURS OF TRANSPORTATION. SERVICES WERE PROVIDED BY ONE FULL-TIME DRIVER AND DEDICATED VEHICLE. BY THE END OF THE YEAR, THIS TOTAL INCREASED TO 185 HOURS PLUS THE ADDITION OF ON-DEMAND DRIVERS THAT CONTRIBUTED 52 ADDITIONAL ONE-WAY TRIPS. TRANSPORTATION SERVICES ARE PROVIDED TO AND FROM THE DAY CARE CENTER AS WELL AS APPROVED MEDICAL APPOINTMENTS. IN ADDITION, THE CLINIC HAD 49 COMPLETED ENCOUNTERS WITH PARTICIPANTS; OCCUPATIONAL THERAPY PROVIDED 94 HANDS-ON THERAPEUTIC SESSIONS WHILE PHYSICAL THERAPY PROVIDED 95 SESSIONS. AT YEAR-END, MOUNT SINAI ELDERCARE, INC. WAS NOT FAR OFF ITS ORIGINAL ENROLLMENT GOALS AND ALL ENROLLED PARTICIPANTS ARE LIVING IN THE COMMUNITY AND NOT IN A LONG-TERM CARE FACILITY. KEEPING OUR PARTICIPANTS IN THE COMMUNITY IS OUR NUMBER ONE GOAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $434,609 | N/A | N/A |
| Expenses | $2,481,100 | $721,737 | +2.4% |
| Net Income | $-2,046,491 | $-721,737 | +1.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| GINO SANTORIO | PRESIDENT/CEO | 0.50 |
Officer
Director
|
$0 | $74,144 | $1,934,421 |
| ROBERT GOLDSZER MD | SENIOR VP/CMO (END 2/23) | 3.00 |
Officer
Director
|
$0 | $87,676 | $692,444 |
| ALEXANDER A MENDEZ | EXECUTIVE VP/CFO | 0.50 |
Officer
Director
|
$0 | $100,266 | $1,466,566 |
| ANGEL PALLIN | SENIOR VP/COO | 3.00 |
Officer
Director
|
$0 | $103,116 | $730,281 |
| NEISEN KASDIN | COMMUNITY REPRESENTATIVE | 0.00 |
Director
|
$0 | $0 | $0 |
| LYNDA BARCELO | VP MGN CARE & POP HEALTH | 15.00 |
Officer
Director
|
$0 | $51,062 | $340,326 |
| STEVEN SONENREICH | FORMER PRESIDENT | 0.00 |
|
$0 | $0 | $1,084,684 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $434,609 | $2,481,100 | $4,189,160 | $-2,046,491 |
| 2022 | No data | $721,737 | $3,883,751 | No data |
| 2021 | No data | No data | $500 | No data |
Compare MOUNT SINAI ELDERCARE INC with other nonprofits in Florida and across the country.