AMBULATORY SURGERY FOUNDATION

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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

1974

Legal Domicile

Principal Officer

WILLIAM PRENTICE

Phone

7038368808

Tax Period

2023-01-01 to 2023-12-31

AMBULATORY SURGERY FOUNDATION, founded in 1974, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $3.9M left a modest 14% surplus.

Mission

THE ASCA FOUNDATION IS AN EDUCATIONAL ORGANIZATION THAT:- PROMOTES THE HIGHEST STANDARDS FOR ASCS.- CONDUCTS EDUCATIONAL PROGRAMS.- PRODUCES PUBLICATIONS TO EDUCATE ASC PROFESSIONALS AND THE PUBLIC.

Program Service Accomplishments

Program 1

Expenses: $2,120,170 Revenue: $1,328,441

ANNUAL CONFERENCE: CONDUCTS AN ANNUAL CONFERENCE FOR THE AMBULATORY SURGERY CENTER COMMUNITY WITH WORKSHOPS AND VARIOUS OTHER INFORMATIVE EDUCATIONAL SESSIONS, EVENTS, AND EXHIBITS. IN 2023 THE...

ANNUAL CONFERENCE: CONDUCTS AN ANNUAL CONFERENCE FOR THE AMBULATORY SURGERY CENTER COMMUNITY WITH WORKSHOPS AND VARIOUS OTHER INFORMATIVE EDUCATIONAL SESSIONS, EVENTS, AND EXHIBITS. IN 2023 THE CONFERENCE TOOK PLACE IN LOUISVILLE, KY AND HAD TOTAL ATTENDANCE OF 960 WITH 187 EXHIBITORS AND 29 SPONSORS.

Program 2

Expenses: $700,211 Revenue: $478,019

SEMINARS AND WEBINARS: EDUCATIONAL SEMINARS, WEBINARS AND ONLINE TRAINING SERIES PROVIDED TO THE AMBULATORY SURGERY COMMUNITY TO ASSIST IN THEIR ABILITY TO PROVIDE QUALITY AMBULATORY SURGERY SERVICES IN A COST-EFFECTIVE MANNER. IN 2023 THE ORGANIZATION HOSTED AN IN-PERSON WINTER CODING SEMINAR WITH 238 ATTENDEES; THREE VIRTUAL SEMINARS WITH 463 REGISTRANTS; AND 10 WEBINARS WITH 1587 REGISTRANTS.

Program 3

Expenses: $16,402

OUTREACH: COMMUNICATES INFORMATION ABOUT DEVELOPMENTS AFFECTING AMBULATORY SURGERY CENTERS (ASC) TO THE ASC COMMUNITY AND PUBLIC.

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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 $959,550

Program Service Revenue $2,755,998

Investment Income $165,535

Other Revenue $629,660

TOTAL REVENUE $4,510,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,432,366

Fundraising Expenses $0

Program Expenses $2,838,333

Other Expenses $2,434,542

TOTAL EXPENSES $3,866,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,510,743	$4,069,525	+0.1%
Expenses	$3,866,908	$3,783,657	+0.0%
Net Income	$643,835	$285,868	+1.3%

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

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

$1,327,003

Total Directors

Key Employees

$758,580

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL PATTERSON	IMM. PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA HAWKINS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JOLEEN HARRISON	VICE PRESIDENT - UNTIL 05/2023	2.00	Officer Director	$0	$0	$0
MARK WAINNER	VICE PRESIDENT - AS OF 05/2023	2.00	Officer Director	$0	$0	$0
GARY RICHBERG	TREASURER	2.00	Officer Director	$0	$0	$0
TYLER MARKS	SECRETARY	2.00	Officer Director	$0	$0	$0
JULIE BRINEGAR	DIRECTOR - UNTIL 10/2023	1.00	Director	$0	$0	$0
RENA COURTAY	DIRECTOR	1.00	Director	$0	$0	$0
TODD CURRIER	DIRECTOR	1.00	Director	$0	$0	$0
MARIE EDLER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
GREGG MILLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
STUART SIMON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA ZIEGLER-OTIS	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM PRENTICE	CEO	10.00	Officer	$193,603	$65,417	$839,829
JOHN GREENWICH	CFO	15.50	Officer	$170,575	$45,557	$487,174
KARA NEWBURY DIRECTOR	GOV'T AFFAIRS & REG.COUNSEL	0.90	Key Emp	$5,719	$31,719	$291,680
KAY TUCKER	DIRECTOR, COMMUNICATIONS	3.60	Key Emp	$18,771	$36,398	$245,538
GINA THRONEBERRY DIRECTOR	EDUCATION & CLINICAL AFFAIRS	33.40	Key Emp	$160,606	$29,250	$221,362
JASON HAWKINS	DIRECTOR, INFORMATION TECHNOLOGY	15.50	Highest	$51,625	$21,227	$154,884
SHAWN BRYANT	DIRECTOR, MEETINGS	39.90	Highest	$117,869	$22,219	$140,295
DEE BELLFIELD-ROSS	DIRECTOR, ADMINISTRATION	20.50	Highest	$56,406	$27,987	$138,209
STEPHEN ABRESCH	ASSISTANT DIRECTOR, GOV'T AFFAIRS	0.00	Highest	$0	$18,229	$133,843
KWASI D OPPONG-WADEE DIRECTOR	LEGISLATIVE & POLITICAL AFFAIRS	0.00	Highest	$0	$17,606	$124,497

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	$4,510,743	$3,866,908	$7,660,522	$643,835
2022	$4,069,525	$3,783,657	$6,919,071	$285,868
2021	$2,091,878	$1,880,171	$6,488,650	$211,707
2020	$2,148,681	$2,118,508	$5,893,368	$30,173
2019	$4,055,166	$3,728,754	$6,148,251	$326,412
2018	$3,629,418	$3,467,520	$5,590,036	$161,898