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 Florida Community Health Network Corp/Memorial Foundation and the South Broward Hospital District and its residents through ownership of a 51% controlling interest in Ambulatory Surgical Facility of South Florida, LLLP, DBA Memorial Same Day Surgery Centers (ASFSF). ASFSF operates ambulatory surgical facilities in the hospital district providing quality health services to residents of the district at reasonable costs, operating in accordance with the community benefit standards of tax exempt healthcare organizations.
Controlling interest in ASFSF, as described in detail on Schedule O, with the mission to provide efficient and reduced cost healthcare services to the community, in accordance with the policies of...
Controlling interest in ASFSF, as described in detail on Schedule O, with the mission to provide efficient and reduced cost healthcare services to the community, in accordance with the policies of the district.
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.