Associated Health Services Inc
- Assets
- $39.0m
- Revenue
- $53.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Durham, NC
- Founding
- 01/1997
- Data as of
- 06/2022
- EIN
- 56-1845329
Organization Overview
Associated Health Services Inc is located in Durham, NC. The organization was established in 1997. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Associated Health Services Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Associated Health Services Inc generated $53.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $42.9m during the year ending 06/2022. While expenses have increased by 19.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENTASSOCIATED HEALTH SERVICES, INC. (AHS) PROVIDES AMBULATORY SURGICAL SERVICES AS PART OF DUKE REGIONAL HOSPITAL, A DIVISION OF DUKE UNIVERSITY HEALTH SYSTEM, INC. (AHS' SUPPORTED ORGANIZATION).
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSOCIATED HEALTH SERVICES, INC. PROVIDES TARGETED AMBULATORY SURGERY SERVICES TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia K Shortell MD Director | Trustee | 0.1 | $0 |
Kathleen B Galbraith Director/president | OfficerTrustee | 1 | $0 |
Paula T Cates Director/secretary | OfficerTrustee | 0.1 | $0 |
Victoria K Orto Director | Trustee | 0.1 | $0 |
Devdutta Sangvai MD Director | Trustee | 0.1 | $0 |
Jonathan Hoy Treasurer | Officer | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $894,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $894,884 |
| Total Program Service Revenue | $52,267,124 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,163,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,088,296 |
| Advertising and promotion | $0 |
| Office expenses | $220,455 |
| Information technology | $169,414 |
| Royalties | $0 |
| Occupancy | $961,251 |
| Travel | $1,715 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,446,247 |
| Insurance | $936 |
| All other expenses | $50,123 |
| Total functional expenses | $42,862,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,704,750 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,609,152 |
| Prepaid expenses and deferred charges | $31,037 |
| Net Land, buildings, and equipment | $27,787,754 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $821,291 |
| Total assets | $38,953,984 |
| Accounts payable and accrued expenses | $5,644,145 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $274,645 |
| Total liabilities | $5,918,790 |
| Net assets without donor restrictions | $33,035,194 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $38,953,984 |