Georgia Protoncare Center Inc (EIN 820845208) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Phone

2257663977

Tax Period

2023-01-01 to 2023-12-31

Georgia Protoncare Center Inc, founded in 2017, is a mid-sized nonprofit in the Health Care sector that reported $39.6M in total revenue in fiscal year 2023. Expenses of $77.9M exceeded revenue, resulting in a 97% operating deficit.

Mission

ACQUIRING, CONSTRUCTING, FURNISHING, EQUIPPING, FINANCING, OWNING, OPERATING AND MAINTAINING A STATE-OF-THE-ART PROTON THERAPY TREATMENT CENTER. PROVIDING RADIATION ONCOLOGY SERVICES USING PROTON BEAM THERAPY AND OTHER APPROPRIATE FORMS OF CANCER TREATMENT SERVICES TO PATIENTS, INCLUDING WITHOUT LIMITATION, PATIENTS WITHIN THE STATE OF GEORGIA, AND PATIENTS IN SURROUNDING STATES WHO ARE NOT IN CLOSE PROXIMITY TO AN EXISTING PROTON THERAPY TREATMENT CENTER, AND WOULD NOT HAVE ACCESS TO SUCH FORM OF CANCER TREATMENT SERVICES. CONDUCTING, SUPPORTING AND PROMOTING EDUCATIONAL PROGRAMS RELATED TO CANCER AND CANCER TREATMENT FOR PATIENTS AND THE GENERAL PUBLIC. PROVIDING PROTON BEAM THERAPY TRAINING OPPORTUNITIES FOR MEDICAL STUDENTS, RESIDENTS, FELLOWS, PHYSICIANS, NURSES, TECHNICIANS, AND OTHER HEALTH CARE PROFESSIONALS. CONDUCTING, SUPPORTING AND PROMOTING BASIC AND CLINICAL RESEARCH RELATED TO CANCER TREATMENT AND OTHER ACTIVITIES RELATED TO THE OPERATION OF CANCER TREATMENT PROGRAMS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $38,486,351

Investment Income $966,348

Other Revenue $163,655

TOTAL REVENUE $39,616,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,874,406

Fundraising Expenses $0

Program Expenses $77,070,797

Other Expenses $60,011,735

TOTAL EXPENSES $77,886,141

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,616,354	$38,091,747	+0.0%
Expenses	$77,886,141	$82,030,128	-0.1%
Net Income	$-38,269,787	$-43,938,381	-0.1%

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

$4,553,187

Total Directors

$3,855,399

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	PRESIDENT AND CFO (through 12/31/23)	32.0	Officer Director	$318,128	$38,169	$356,297
N/A	CEO	1.0	Officer Director	$0	$27,395	$3,499,102
N/A	DIRECTOR (through 11/10/23)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (beginning 11/10/23)	1.0	Director	$0	$0	$0
N/A	VICE PRESIDENT AND SECRETARY	1.0	Officer	$0	$37,860	$642,110
N/A	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$55,678

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	No data	No data	No data	No data
2023	$39,616,354	$77,886,141	$240,349,177	$-38,269,787
2022	$38,091,747	$82,030,128	$253,783,027	$-43,938,381
2021	$41,231,144	$73,140,794	$281,434,150	$-31,909,650
2020	$36,026,714	$72,584,620	$299,146,657	$-36,557,906
2019	$26,682,812	$60,557,963	$319,983,424	$-33,875,151
2018	$458,309	$3,816,432	$340,478,258	$-3,358,123

Georgia Protoncare Center Inc