HOSPITAL SHARED SERVICES ASSOCIATI… - Form 990 Financial Data

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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

1970

Legal Domicile

Principal Officer

JOE MCNAMEE

Phone

4254839229

Tax Period

2023-01-01 to 2023-12-31

HOSPITAL SHARED SERVICES ASSOCIATION, founded in 1970, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year.

Mission

THE MISSION OF HOSPITAL SHARED SERVICES ASSOCIATION IS TO ASSIST AND FACILITATE THE EFFORTS OF THE MEMBER HOSPITALS TOWARD THE REDUCTION AND CONTROL OF THEIR COSTS FOR PURCHASED GOODS AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $4,105,653 Revenue: $3,966,600

THE ASSOCIATION PROVIDES ITS MEMBERS WITH GROUP PURCHASING DISCOUNTS AND REFUNDS THAT WOULD NORMALLY NOT BE AVAILABLE TO NON-PROFIT ORGANIZATIONS. THE ASSOCIATION FURTHER ASSISTS MEMBER HOSPITALS...

THE ASSOCIATION PROVIDES ITS MEMBERS WITH GROUP PURCHASING DISCOUNTS AND REFUNDS THAT WOULD NORMALLY NOT BE AVAILABLE TO NON-PROFIT ORGANIZATIONS. THE ASSOCIATION FURTHER ASSISTS MEMBER HOSPITALS WITH CONTRACT NEGOTIATIONS AND OTHER PURCHASING RELATED SUPPORT SERVICES.

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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 $3,966,600

Investment Income $538,695

Other Revenue $0

TOTAL REVENUE $4,505,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,000

Fundraising Expenses $0

Program Expenses $4,105,653

Other Expenses $4,361,873

TOTAL EXPENSES $4,415,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,505,295	$5,158,695	-0.1%
Expenses	$4,415,873	$5,354,585	-0.2%
Net Income	$89,422	$-195,890	-1.5%

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

N/A

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

$54,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW TOKAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALEX TOWN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT ADAMS	MEMBER (THRU JAN 2023)	1.00	Director	$0	$0	$0
TAMARA CESENA	MEMBER	1.00	Director	$0	$0	$0
JEFF FRIEDMAN	MEMBER	1.00	Director	$0	$0	$0
PAUL ISHIZUKA	MEMBER (THRU FEB 2023)	1.00	Director	$0	$0	$0
TINA MYCROFT	MEMBER (THRU JUNE 2023)	1.00	Director	$0	$0	$0
JOE MCNAMEE	EXECUTIVE DIRECTOR	6.00	Officer	$54,000	$0	$54,000

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	$4,505,295	$4,415,873	$979,569	$89,422
2022	$5,158,695	$5,354,585	$890,147	$-195,890
2021	$5,682,894	$5,129,986	$1,086,037	$552,908
2020	$4,153,733	$2,605,816	$322,059	$1,547,917
2019	$4,841,297	$1,857,655	$757,461	$2,983,642
2018	$4,597,595	$548,942	$674,679	$4,048,653

HOSPITAL SHARED SERVICES ASSOCIATION