HAMILTON AMBULATORY SURGERY CENTER INC

EIN: 582654791 501(c)(3) Health Care

DALTON, GA

Total Revenue
$10,499,242
Total Expenses
$7,808,866
Total Assets
$9,219,155
Net Assets
$6,901,014
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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
2001
Legal Domicile
GA
Principal Officer
JEFFREY D MYERS
Phone
7068765000
Tax Period
2023-10-01 to 2024-09-30

HAMILTON AMBULATORY SURGERY CENTER INC, founded in 2001, is a mid-sized nonprofit in the Health Care sector that reported $10.5M in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.7M, a strong 26% operating margin.

Mission

HAMILTON AMBULATORY SURGERY CENTER (HASC) PROVIDES AMBULATORY SURGERY SERVICES IN DALTON, GA AND WHITFIELD COUNTY. DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, HASC PERFORMED 4,413 PROCEDURES. HASC'S VISION IS TO SERVE THE NEEDS OF AREA RESIDENTS WITHOUT DISCRIMINATION, REGARDLESS OF ABILITY TO PAY.

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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 $8,869,092
Investment Income $1,626,921
Other Revenue $3,229
TOTAL REVENUE $10,499,242

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,615,027
Fundraising Expenses $0
Program Expenses $6,407,387
Other Expenses $6,193,839
TOTAL EXPENSES $7,808,866

Year-over-Year Comparison

2023 2022 Change
Revenue $10,499,242 $13,455,213 -0.2%
Expenses $7,808,866 $9,537,117 -0.2%
Net Income $2,690,376 $3,918,096 -0.3%
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
6
Independent Members
1
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
6
$4,930,094
Total Directors
6
$5,232,993
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC MANAHAN MD CHAIRMAN 1.00
Officer Director
$0 $32,913 $578,468
JEFFREY D MYERS PRESIDENT/CEO/VICE CHAIRMAN 1.00
Officer Director
$0 $119,279 $1,673,818
JUSTIN D HARE DO TRUSTEE 1.00
Director
$0 $33,910 $1,150,487
ERIC F CALFEE MD TRUSTEE 1.00
Director
$0 $0 $0
JULIE A SOEKORO TREASURER 1.00
Officer Director
$0 $109,497 $811,055
SANDRA D MCKENZIE SECRETARY 1.00
Officer Director
$0 $56,457 $1,019,165
RANDALL F FOSTER ASSISTANT TREASURER 1.00
Officer
$0 $13,002 $263,880
LISA LOVELACE VICE PRESIDENT 1.00
Officer
$0 $48,610 $583,708
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
2024 $10,499,242 $7,808,866 $9,219,155 $2,690,376
2023 $13,455,213 $9,537,117 $53,152,712 $3,918,096
2022 $13,709,179 $9,858,988 $48,648,190 $3,850,191
2021 $16,445,895 $10,161,783 $50,440,733 $6,284,112
2020 $15,037,025 $8,925,985 $41,789,695 $6,111,040
2019 $14,045,429 $9,134,889 $34,721,700 $4,910,540
2018 $12,655,038 $8,500,620 $29,184,897 $4,154,418
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