Southern Atlantic Hospital Alliance

EIN: 201619826 Community Improvement

CARY, NC

Total Revenue
$597,533
Total Expenses
$591,037
Total Assets
$328,805
Net Assets
$173,429
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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
2004
Legal Domicile
NC
Phone
9193501791
Tax Period
2023-10-01 to 2024-09-30

Southern Atlantic Hospital Alliance, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $598K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF THE SOUTHERN ATLANTIC HEALTHCARE ALLIANCE (SAHA) IS TO PROVIDE VALUE TO ITS MEMBERS WITH MEMBERSHIP BENEFITS, EDUCATION AND NETWORKING. MEMBERS ARE ABLE TO TAKE ADVANTAGE OF COST SAVINGS WITH OTHER MEMBER HOSPITALS AT SAHA.

Program Service Accomplishments

Program 1

THE SOUTHERN ATLANTIC HEALTHCARE ALLIANCE (HERE AFTER SAHA) CONTINUED TO OFFER VALUE TO ITS MEMBERSHIP DURING THE FISCAL YEAR 2024, THROUGH SIGNIFICANT COST SAVINGS GENERATED BY CONTINUED CONTRACT...

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THE SOUTHERN ATLANTIC HEALTHCARE ALLIANCE (HERE AFTER SAHA) CONTINUED TO OFFER VALUE TO ITS MEMBERSHIP DURING THE FISCAL YEAR 2024, THROUGH SIGNIFICANT COST SAVINGS GENERATED BY CONTINUED CONTRACT EXPANSION AND NEGOTIATION. THESE SAVINGS OFFSET THE COST OF MEMBERSHIP FOR EACH MEMBER HOSPITAL.

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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 $0
Program Service Revenue $597,326
Investment Income $207
Other Revenue $0
TOTAL REVENUE $597,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $591,037
TOTAL EXPENSES $591,037

Year-over-Year Comparison

2023 2022 Change
Revenue $597,533 $523,615 +0.1%
Expenses $591,037 $599,547 0.0%
Net Income $6,496 $-75,932 -1.1%
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

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Governance

Voting Members
9
Independent Members
8
Employees
N/A
Volunteers
10

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
3
$285,323
Total Directors
12
$285,323
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILLY R BEDSOLE until 10523 CEO 20.0
Officer Director
$169,826 $17,805 $187,631
LESLIE A BARDEN CEO 40.0
Officer Director
$97,692 $0 $97,692
ADAM McCONNELL from 1124 BOARD MEMBER 1.0
Director
$0 $0 $0
DAVID POPE BOARD MEMBER (From 12/4/23) 1.0
Director
$0 $0 $0
DONALD GINTZIG BOARD MEMBER 1.0
Director
$0 $0 $0
Dr CRYSTAL HAYDEN until 111623 BOARD MEMBER 1.0
Director
$0 $0 $0
DR PENNEY BURLINGAME DEAL BOARD MEMBER 1.0
Director
$0 $0 $0
Greg Wood Board Member (Until 12/31/23) 1.0
Director
$0 $0 $0
JASON HARRELL BOARD MEMBER 1.0
Director
$0 $0 $0
PAUL H HAMMES BOARD VICE CHAIR 1.0
Director
$0 $0 $0
PRESTON HAMMOCK TREASURER/SECRETARY 1.0
Director
$0 $0 $0
SHAWN HOWERTON BOARD CHAIR 1.0
Director
$0 $0 $0
CARL BIDER BOARD TRESURER & CHAIR OF FINANCE COMMITTEE 1.0
Officer
$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 $597,533 $591,037 $328,805 $6,496
2023 $523,615 $599,547 $359,020 $-75,932
2022 $442,728 $556,417 $346,124 $-113,689
2021 $634,362 $661,866 $537,200 $-27,504
2020 $753,248 $737,797 $548,906 $15,451
2019 $828,171 $779,847 $644,359 $48,324
2018 $803,666 $720,287 $463,465 $83,379
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