THE SOUTHERN SURGICAL ASSOCIATION (EIN 581410412) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

DAI H CHUNG

Phone

9789278330

Tax Period

2024-10-01 to 2025-03-31

THE SOUTHERN SURGICAL ASSOCIATION, founded in 2000, is a small nonprofit that reported $358K in total revenue in fiscal year 2018. Expenses of $331K left a modest 8% surplus.

Mission

TO FURTHER THE ART AND SCIENCE OF THE PRACTICE OF SURGERY, PARTICULARLY IN THE SOUTHERN STATES OF THE UNITED STATES OF AMERICA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $87,349

Investment Income $19,763

Other Revenue $0

TOTAL REVENUE $107,112

Expense Breakdown

Grants Paid $10,764

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $432,107

Other Expenses $455,504

TOTAL EXPENSES $466,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$107,112	$717,415	-0.9%
Expenses	$466,268	$360,893	+0.3%
Net Income	$-359,156	$356,522	-2.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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
DAI H CHUNG	PRESIDENT/SECRETARY	1.00	Officer Director	$0	$0	$0
RONDA S HENRY-TILLMAN	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN H ARMSTRONG	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REBECCA C BRITT	SECRETARY	1.00	Officer Director	$0	$0	$0
OMAIDA C VELAZQUEZ	TREASURER	1.00	Officer Director	$0	$0	$0
KELLY M MCMASTERS	COUNCIL CHAIR/COUNCIL MEMBER	1.00	Officer Director	$0	$0	$0
WILLIAM C CHAPMAN	COUNCIL MEMBER	1.00	Director	$0	$0	$0
V SUZANNE KLIMBERG	COUNCIL MEMBER	1.00	Director	$0	$0	$0
KENNETH W SHARP	COUNCIL MEMBER	1.00	Director	$0	$0	$0
GILBERT R UPCHURCH JR	COUNCIL MEMBER/PRESIDENT	1.00	Officer Director	$0	$0	$0
BRUCE D SCHIRMER	1ST VICE PRESIDENT (12/24)	1.00	Officer Director	$0	$0	$0
HAROLD N LOVVORN III	2ND VICE PRESIDENT (12/24)	1.00	Officer Director	$0	$0	$0
JOHN B HANKS	COUNCIL CHAIR (10/24)	1.00	Officer Director	$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	$107,112	$466,268	$1,129,764	$-359,156
2024	$717,415	$360,893	$1,527,301	$356,522
2023	$301,937	$522,387	$1,055,982	$-220,450
2022	$215,221	$275,943	$1,212,670	$-60,722
2021	$303,520	$106,316	$1,344,297	$197,204
2020	$239,699	$257,215	$1,061,216	$-17,516
2019	$357,619	$330,709	$1,062,019	$26,910

THE SOUTHERN SURGICAL ASSOCIATION