ASSOCIATED HEALTH SERVICES INC

EIN: 561845329 501(c)(3) Health Care

DURHAM, NC

Total Revenue
$69,034,566
Total Expenses
$56,568,736
Total Assets
$33,666,858
Net Assets
$28,290,581
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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
1984
Legal Domicile
NC
Principal Officer
JASON CARTER
Phone
9196688910
Tax Period
2023-07-01 to 2024-06-30

ASSOCIATED HEALTH SERVICES INC, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $69.0M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.5M, a strong 18% operating margin.

Mission

FOR ORGANIZATION'S MISSION STATEMENTASSOCIATED HEALTH SERVICES, INC. (AHS) PROVIDES AMBULATORY SURGICAL SERVICES AS PART OF DUKE REGIONAL HOSPITAL, A DIVISION OF DUKE UNIVERSITY HEALTH SYSTEM, INC. (AHS' SUPPORTED ORGANIZATION).

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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 $69,034,566
Investment Income $0
Other Revenue $0
TOTAL REVENUE $69,034,566

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $49,629,563
Other Expenses $56,568,736
TOTAL EXPENSES $56,568,736

Year-over-Year Comparison

2023 2022 Change
Revenue $69,034,566 $58,633,498 +0.2%
Expenses $56,568,736 $52,400,194 +0.1%
Net Income $12,465,830 $6,233,304 +1.0%
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
5
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
3
$1,579,013
Total Directors
5
$2,239,399
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEVDUTTA SANGVAI MD DIRECTOR/PRESIDENT 0.10
Officer Director
$0 $131,230 $721,571
RENA COURTAY DIRECTOR 0.10
Director
$0 $24,831 $242,372
PAUL MOSCA MD DIRECTOR 0.20
Director
$0 $46,679 $281,226
COLLEEN SHANNON DIRECTOR 0.10
Director
$0 $56,796 $454,881
LEIGH BLEECKER DIRECTOR/TREASURER 0.10
Officer Director
$0 $53,943 $539,349
STEPHEN KLEIN MD SECRETARY 0.10
Officer
$0 $46,408 $318,093
KATHLEEN B GALBRAITH FORMER OFFICER 0.00
$0 $62,177 $284,997
JONATHAN HOY FORMER OFFICER 0.00
$0 $48,851 $595,385
PAULA T CATES FORMER OFFICER 0.00
$0 $33,927 $243,101
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 No data No data No data No data
2024 $69,034,566 $56,568,736 $33,666,858 $12,465,830
2023 $58,633,498 $52,400,194 $35,940,211 $6,233,304
2022 $53,163,809 $42,862,397 $38,953,984 $10,301,412
2021 $28,247,702 $25,687,681 $37,513,623 $2,560,021
2020 $23,267,301 $17,369,364 $21,162,014 $5,897,937
2019 $22,314,280 $15,982,605 $9,839,599 $6,331,675
2018 $22,498,848 $15,914,280 $8,872,780 $6,584,568
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