NJ ASSOCIATION OF AMBULATORY SURGICAL CENTER INC (EIN 223142420) - 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

1992

Legal Domicile

Phone

9735970938

Tax Period

2024-05-01 to 2025-04-30

NJ ASSOCIATION OF AMBULATORY SURGICAL CENTER INC, founded in 1992, is a small nonprofit in the Community Improvement sector that reported $498K in total revenue in fiscal year 2024. Expenses of $463K left a modest 7% surplus.

Mission

TO PROMOTE AMBULATORY SURGERY CENTERSTO PROMOTE ASC'S AND TO ADVANCE THE SCIENCE OF AMBULATORY SURGERYT0 EDUCATE THE PUBLIC IN UNDERSTANDING AMBULATORY SURGERY

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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 $194,625

Program Service Revenue $0

Investment Income $0

Other Revenue $303,682

TOTAL REVENUE $498,307

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $463,316

TOTAL EXPENSES $463,316

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,307	$511,553	0.0%
Expenses	$463,316	$466,331	0.0%
Net Income	$34,991	$45,222	-0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEASA HERMANSON	Board Member	2.00	Director	$0	$0	$0
BETSY CONVERY	BOARD MEMBER	10.00	Director	$0	$0	$0
AARON SCHECHTER	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLINE IVANOSVSKI-HAUSER	Board Member	2.00	Director	$0	$0	$0
JOAN MCKIBBEN	Secretary	10.00	Officer	$0	$0	$0
CORI PRISCO	Vice President	10.00	Officer	$0	$0	$0
MEG STAGLIANO	President	10.00	Officer	$0	$0	$0
ALENE STEWART	Treasurer	10.00	Officer	$0	$0	$0
SHEILA MCATEER	PAST PRESIDENT	5.00		$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
2025	$498,307	$463,316	$1,046,845	$34,991
2024	$511,553	$466,331	$1,012,604	$45,222
2023	$623,173	$506,795	$967,106	$116,378

NJ ASSOCIATION OF AMBULATORY SURGICAL CENTER INC