Ft Lauderdale, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Atlantic Coast ASC GP1 Inc, founded in 2012, is a micro nonprofit in the Health Care sector that reported $89K in total revenue in fiscal year 2024. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $692K exceeded revenue, resulting in a 675% operating deficit.
To serve the objectives and purposes of its parent, Atlantic Coast ASC Holding Company, Inc. in supporting and benefiting the South Broward Hospital District and its residents in furtherance of the health care mission of the district, enhancing the delivery of health care services and being responsive to the health needs of the residents of the district. Acquired and holding a 51% controlling general partner interest in Ambulatory Surgical Facility of South Florida LLLP, DBA Memorial Same Day Surgery Center (ASFSF). ASFSF operates ambulatory surgical facilities in the South Broward Hospital District, providing quality health services to the residents of the district at reasonable costs, and operating in accordance with the community benefit standards applicable to tax exempt healthcare organizations, including promoting health of the general public, providing charity and indigent care and participating in government payor programs on a nondiscriminatory basis.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $89,357 | $355,594 | -0.7% |
| Expenses | $692,256 | $615,840 | +0.1% |
| Net Income | $-602,899 | $-260,246 | +1.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Steve Einhorn | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Shane Strum | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Scott Wester | Director (until 9/24) | 1.00 |
Director
|
$0 | $0 | $0 |
| Paul Sallwasser | CEO | 1.00 |
Officer
|
$0 | $0 | $669,467 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $89,357 | $692,256 | $6,550,754 | $-602,899 |
| 2023 | $355,594 | $615,840 | $6,741,897 | $-260,246 |
| 2022 | $1,090,547 | $602,553 | $6,692,303 | $487,994 |
| 2021 | $914,303 | $397,602 | $6,213,758 | $516,701 |
| 2020 | $530,107 | $383,914 | $6,166,456 | $146,193 |
| 2019 | $719,465 | $371,775 | $6,286,154 | $347,690 |
| 2018 | $806,516 | $384,703 | $5,973,222 | $421,813 |
Compare Atlantic Coast ASC GP1 Inc with other nonprofits in Florida and across the country.