Southern Atlantic Healthcare Alliance
- Assets
- $537.2k
- Revenue
- $634.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cary, NC
- Founding
- 03/2007
- Data as of
- 09/2021
- EIN
- 20-1619826
Organization Overview
Southern Atlantic Healthcare Alliance is located in Cary, NC. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Atlantic Healthcare Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 09/2021, Southern Atlantic Healthcare Alliance generated $634.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $661.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SOUTHERN ATLANTIC HEALTHCARE ALLIANCE (SAHA) IS TO PROVIDE VALUE TO ITS MEMBERS WITH MEMBERSHIP BENEFITS, EDUCATION, AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VALUE OF MEMBERSHIP, EDUCATION, AND NETWORKING MAKE UP THE CORNERSTONE OF THE SOUTHERN ATLANTIC HEALTHCARE ALLIANCE (HERE AFTER SAHA). DURING THE FISCAL YEAR 2020, SAHA ADDED VALUE FOR ITS MEMBERS IN EVERY AREA. SIGNIFICANT COST SAVINGS WERE GENERATED BY CONTINUED CONTRACT EXPANSION AND NEGOTIATION. THESE SAVINGS OFFSET THE COST OF MEMBERSHIP FOR EACH MEMBER HOSPITAL. JOINT TEAM MEETINGS THROUGHOUT THIS YEAR IMPROVED COMMUNICATION EFFECTIVENESS AND ALLOWED FOR ADAPTATION TO MARKET CHANGES AND HEALTHCARE REFORM. THE COLLABRATION PUSHED MEMBER HOSPITALS TO HIGHER LEVELS OF EXCELLENCE. IN ADDITION TO CONTRACT SAVINGS, ANOTHER OF SAHA'S STRENGTHS IS THE EDUCATIONAL OPPORTUNITIES THAT IT PROVIDES FOR ITS MEMBERS. MANY CLASSES ARE FREE OR LOW COST EDUCATION SESSIONS ON CURRENT PERTINENT INDUSTRY TOPICS AND OFFER CONTINUING PROFESSIONAL EDUCATION CREDITS TO ATTENDEES. IN ADDITION TO IN-PERSON CLASSES, SAHA OFFERS ONLINE AND ON-DEMAND COURSES. THIS YEAR COURSES OFFERED BY SAHA INCLUDED CDI: STEAL THE PLAYERS' PLAYBOOK AND BEAT THEM AT THEIR OWN GAME, OPTIMIZING PALLIATIVE CARE, WHAT YOU THOUGHT YOU KNEW ABOUT HIPPA BUT DIDN'T, AND EFFECTIVELY NAVIGATING PATIENT ACCESS IN THE NEW AGE OF COVID-19.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Bedsole CEO | OfficerTrustee | 0 | $295,384 |
Jason Harrell Board Member | Trustee | 1 | $0 |
Dr Penney Burlingame Deal Immediate Past-Chairman | Trustee | 1 | $0 |
Paul H Hammes Vice Chair | Trustee | 1 | $0 |
Shawn Howerton Chairman | Trustee | 1 | $0 |
Donald R Gintzig Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $634,347 |
| Investment income | $15 |
| 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 | $634,362 |
| 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 | $642,553 |
| 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 | $500 |
| Advertising and promotion | $0 |
| Office expenses | $1,978 |
| Information technology | $294 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $244 |
| Insurance | $1,705 |
| All other expenses | $0 |
| Total functional expenses | $661,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $509,048 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,800 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,857 |
| Net Land, buildings, and equipment | $365 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,130 |
| Total assets | $537,200 |
| Accounts payable and accrued expenses | $180,646 |
| 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 | $0 |
| Total liabilities | $180,646 |
| Net assets without donor restrictions | $356,554 |
| 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 | $537,200 |
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|---|---|---|
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