SOUTH SHORE HEALTH SYSTEM INC (EIN 042105926) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

ALLEN SMITH

Phone

7816248000

Tax Period

2023-10-01 to 2024-09-30

SOUTH SHORE HEALTH SYSTEM INC, founded in 1982, is a major nonprofit in the Health Care sector that reported $124.4M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

SOUTH SHORE HEALTH SYSTEM, INC. MANAGES AND SUPPORTS AFFILIATE OPERATIONS TO (1) SUPPORT THE ADVANCEMENT OF KNOWLEDGE AND PRACTICE OF HEALTHCARE AND (2) SPONSOR PROGRAMS TO SUPPORT THE HEALTH AND WELFARE OF ALL PERSONS.

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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 $118,583,988

Investment Income $4,098,465

Other Revenue $1,711,286

TOTAL REVENUE $124,393,739

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,791,331

Other Expenses $120,719,165

TOTAL EXPENSES $120,719,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,393,739	$163,849,993	-0.2%
Expenses	$120,719,165	$161,116,112	-0.3%
Net Income	$3,674,574	$2,733,881	+0.3%

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

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

$2,367,972

Total Directors

$2,675,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAMELA O'LEARY	CHAIR	1.00	Officer Director	$0	$0	$0
PAULA L BECKER	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN ESSENFELD	DIRECTOR	1.00	Director	$0	$0	$0
ALAN MCKIM	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WANTANABE PHD	DIRECTOR	1.00	Director	$0	$0	$0
BRADFORD SAMPSON	DIRECTOR	1.00	Director	$0	$0	$80,000
MICHAEL SHEEHAN	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH QUIGLEY JR	DIRECTOR AS OF 10/1/2023	1.00	Director	$0	$0	$0
AMANDA MARCHICA DO	DIRECTOR AS OF 10/1/2023	1.00	Director	$0	$31,720	$316,862
GRACE LEE	DIRECTOR AS OF 10/1/2023	1.00	Director	$0	$0	$0
PAMELA WHELTON	DIRECTOR THRU 12/31/2023	1.00	Director	$0	$0	$0
CHRISTOPHER ODDLEIFSON	DIRECTOR THRU 12/31/2023	1.00	Director	$0	$0	$0
HELEN GARVEY	DIRECTOR THRU 12/31/2023	1.00	Director	$0	$0	$0
KIMBERLY DEVER MD	DIRECTOR, CHIEF OB/GYN	1.00	Director	$0	$41,762	$831,786
ALLEN SMITH MD	PRESIDENT & CEO	1.00	Officer Director	$0	$183,307	$1,446,616
THOMAS MCCARTHY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEPHEN JENNEY	CFO & TREAS. AS OF 10/1/23	1.00	Officer	$0	$20,403	$313,821
JOSEPH R DRISCOLL ESQ	SECRETARY	1.00	Officer	$0	$36,056	$607,535
MICHAEL AYERS MD	DIRECTOR THROUGH 9/30/2023	1.00		$0	$0	$29,133
JUSTIN CAMPBELL	DIRECTOR THRU 9/30/2023	0.00		$0	$0	$91,600
KRISTINE HANSCOM CPA MST CGMA	FORMER TREAS. & CFO (THRU 5/31/23)	1.00		$44,060	$18,546	$926,096

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	$124,393,739	$120,719,165	$70,850,164	$3,674,574
2023	$163,849,993	$161,116,112	$71,347,429	$2,733,881
2022	$689,834	$196,480	$55,436,746	$493,354
2021	$1,226,567	$13,826	$65,409,060	$1,212,741
2020	$15,498,321	$20,065	$60,248,133	$15,478,256
2019	$3,304,603	$1,334,723	$55,994,989	$1,969,880
2018	$1,719,281	$201,947	$71,907,174	$1,517,334

SOUTH SHORE HEALTH SYSTEM INC