Southern Atlantic Healthcare Alliance
Southern Atlantic Healthcare Alliance faces persistent operating deficits despite consistent IRS 990 filings.
EIN: 201619826 · Cary, NC · NTEE: S41 · Updated: 2026-03-28
Is Southern Atlantic Healthcare Alliance Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Southern Atlantic Healthcare Alliance directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Southern Atlantic Healthcare Alliance
Southern Atlantic Healthcare Alliance (EIN: 201619826) is a nonprofit organization based in Cary, NC, classified under NTEE code S41. The organization reported total revenue of $598K and total assets of $329K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southern Atlantic Healthcare Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southern Atlantic Healthcare Alliance is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $524K |
| Total Expenses | $600K |
| Surplus / Deficit | $-75,932 |
| Total Assets | $359K |
| Total Liabilities | $192K |
| Net Assets | $167K |
| Operating Margin | -14.5% |
| Debt-to-Asset Ratio | 53.5% |
| Months of Reserves | 7.2 months |
Financial Health Grade: C
In 2023, Southern Atlantic Healthcare Alliance reported a deficit of $76K with expenses exceeding revenue, holds 7.2 months of operating reserves (strong position), has a debt-to-asset ratio of 53.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southern Atlantic Healthcare Alliance's revenue has declined at a compound annual growth rate (CAGR) of -4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.3% | +7.8% | +3.7% |
| 2022 | -30.2% | -15.9% | -35.6% |
| 2021 | -15.8% | -10.3% | -2.1% |
| 2020 | -9.0% | -5.4% | -14.8% |
| 2019 | +3.0% | +8.3% | +39.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southern Atlantic Healthcare Alliance with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Southern Atlantic Healthcare Alliance allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $76K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, suggesting a volunteer-led executive team or compensation structured outside of typical officer compensation, which is commendable for an organization of its size with revenues fluctuating around $500,000 to $800,000 annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Southern Atlantic Healthcare Alliance's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $75,932 deficit in 2023, $113,689 in 2022).
- Declining revenue trend over the last five years.
- Significant increase in liabilities from $103,259 in 2022 to $192,087 in 2023, potentially indicating increased debt or short-term obligations.
- Overall decrease in net assets from 2019 to 2023.
Strengths
The following positive indicators were identified for Southern Atlantic Healthcare Alliance:
- Long history of IRS 990 filings, demonstrating consistent compliance.
- Reported 0% officer compensation across all filings, indicating a potentially volunteer-led or very cost-efficient executive structure.
- Maintains positive net assets despite recent operating deficits.
- NTEE code S41 suggests a focus on community health systems, aligning with a direct public benefit mission.
Frequently Asked Questions about Southern Atlantic Healthcare Alliance
Is Southern Atlantic Healthcare Alliance a legitimate charity?
Based on AI analysis of IRS 990 filings, Southern Atlantic Healthcare Alliance (EIN: 201619826) some concerns. Mission Score: 60/100. 4 red flags identified, 4 strengths noted.
How does Southern Atlantic Healthcare Alliance spend its money?
Southern Atlantic Healthcare Alliance directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Southern Atlantic Healthcare Alliance tax-deductible?
Southern Atlantic Healthcare Alliance is registered as a tax-exempt nonprofit (EIN: 201619826). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Southern Atlantic Healthcare Alliance financially stable?
The organization has experienced operating deficits in the last three reported periods (2023, 2022, 2021), with expenses exceeding revenue. While it maintains positive net assets, this trend suggests potential financial instability if not reversed.
What is the trend in the organization's revenue?
Revenue has shown a declining trend in recent years, from a high of $828,171 in 2019 to $523,615 in 2023, indicating a significant decrease in financial intake.
How does executive compensation compare to similar nonprofits?
Reporting 0% officer compensation is highly unusual and generally positive, suggesting a very lean or volunteer-driven leadership structure, which is often viewed favorably by donors.
Are the organization's assets growing or shrinking?
Assets have generally declined from a peak of $644,359 in 2019 to $359,020 in 2023, indicating a reduction in the organization's overall financial resources.
Filing History
IRS 990 filing history for Southern Atlantic Healthcare Alliance showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southern Atlantic Healthcare Alliance's revenue has declined by 44.4%, moving from $942K to $524K. Total assets decreased by 62% over the same period, from $944K to $359K. Total functional expenses fell by 22.5%, from $774K to $600K. In its most recent filing year (2023), Southern Atlantic Healthcare Alliance reported a deficit of $76K, with expenses exceeding revenue. The organization holds $192K in liabilities against $359K in assets (debt-to-asset ratio: 53.5%), resulting in net assets of $167K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $524K | $600K | $359K | $192K | — | — |
| 2022 | $443K | $556K | $346K | $103K | — | View 990 |
| 2021 | $634K | $662K | $537K | $181K | — | View 990 |
| 2020 | $753K | $738K | $549K | $165K | — | View 990 |
| 2019 | $828K | $780K | $644K | $276K | — | View 990 |
| 2018 | $804K | $720K | $463K | $143K | — | View 990 |
| 2017 | $776K | $803K | $423K | $186K | — | View 990 |
| 2016 | $850K | $809K | $438K | $174K | — | View 990 |
| 2015 | $772K | $886K | $408K | $185K | — | View 990 |
| 2014 | $755K | $858K | $595K | $260K | — | View 990 |
| 2013 | $266K | $853K | $592K | $154K | — | View 990 |
| 2012 | $935K | $793K | $1.1M | $71K | — | View 990 |
| 2011 | $942K | $774K | $944K | $61K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $524K, expenses of $600K, and assets of $359K (revenue +18.3% year-over-year).
- 2022: Revenue of $443K, expenses of $556K, and assets of $346K (revenue -30.2% year-over-year).
- 2021: Revenue of $634K, expenses of $662K, and assets of $537K (revenue -15.8% year-over-year).
- 2020: Revenue of $753K, expenses of $738K, and assets of $549K (revenue -9.0% year-over-year).
- 2019: Revenue of $828K, expenses of $780K, and assets of $644K (revenue +3.0% year-over-year).
- 2018: Revenue of $804K, expenses of $720K, and assets of $463K (revenue +3.5% year-over-year).
- 2017: Revenue of $776K, expenses of $803K, and assets of $423K (revenue -8.7% year-over-year).
- 2016: Revenue of $850K, expenses of $809K, and assets of $438K (revenue +10.1% year-over-year).
- 2015: Revenue of $772K, expenses of $886K, and assets of $408K (revenue +2.2% year-over-year).
- 2014: Revenue of $755K, expenses of $858K, and assets of $595K (revenue +184.1% year-over-year).
- 2013: Revenue of $266K, expenses of $853K, and assets of $592K (revenue -71.5% year-over-year).
- 2012: Revenue of $935K, expenses of $793K, and assets of $1.1M (revenue -0.8% year-over-year).
- 2011: Revenue of $942K, expenses of $774K, and assets of $944K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southern Atlantic Healthcare Alliance:
Data Sources and Methodology
This transparency report for Southern Atlantic Healthcare Alliance is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.