SOUTHCOAST HEALTH SYSTEM INC

EIN: 042794625 501(c)(3) Health Care

NEW BEDFORD, MA

Total Revenue
$32,172,337
Total Expenses
$17,122,325
Total Assets
$291,297,834
Net Assets
$260,981,122
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MA
Principal Officer
DAVID MCCREADY
Phone
5089732905
Tax Period
2023-10-01 to 2024-09-30

SOUTHCOAST HEALTH SYSTEM INC, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $32.2M in total revenue in fiscal year 2023. The organization ran a surplus of $15.1M, a strong 47% operating margin.

Mission

SHS DOES NOT EMPLOY ANY INDIVIDUALS. OFFICERS AND TRUSTEES OF SHS RECEIVE NO COMPENSATION FOR THEIR ROLES IN THESE CAPACITIES. OFFICERS AND TRUSTEES (CURRENT OR FORMER) WITH REPORTABLE COMPENSATION ARE COMPENSATED BY A NON-PROFIT SUBSIDIARY ORGANIZATION'S PAYROLL FOR SERVICES RENDERED AS EMPLOYEES OF THE SUBSIDIARY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,558,395
Program Service Revenue $22,134,616
Investment Income $8,479,326
Other Revenue $0
TOTAL REVENUE $32,172,337

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,637,230
Other Expenses $17,122,325
TOTAL EXPENSES $17,122,325

Year-over-Year Comparison

2023 2022 Change
Revenue $32,172,337 $32,430,858 0.0%
Expenses $17,122,325 $15,820,321 +0.1%
Net Income $15,050,012 $16,610,537 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
15
Independent Members
12
Employees
N/A
Volunteers
12

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
8
$4,486,853
Total Directors
18
$2,888,795
Key Employees
2
$1,149,101
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYFORD KRUGER MD PRES & CEO, EX-OFFICIO (TO 1/24) 8.50
Officer Director
$0 $310,295 $1,611,294
ILANA FEINERMAN MD TRUSTEE 1.50
Director
$0 $42,323 $723,530
DAVID MCCREADY EX-OFFICIO, PRES & CEO (FROM 1/24) 37.50
Officer Director
$0 $51,283 $368,772
JOHN MUNGOVAN MD TRUSTEE (AS OF 1/2024) 1.50
Director
$0 $0 $143,702
ROBERT RONAN MD TRUSTEE (UNTIL 12/2023) 1.50
Director
$0 $0 $37,639
SALMAN BASHIR MD TRUSTEE 1.50
Director
$0 $0 $3,858
CARMEN F SYLVESTER VICE CHAIR 2.50
Officer Director
$0 $0 $0
CHRISTOPHER HODGSON TRUSTEE, CLERK (AS OF 1/2024) 2.50
Officer Director
$0 $0 $0
DONALD G GIUMETTI CHAIR 2.50
Officer Director
$0 $0 $0
JAMES JEROME COOGAN CLERK (UNTIL 12/2023) 2.50
Officer Director
$0 $0 $0
DENNIS FUSCO TRUSTEE 1.50
Director
$0 $0 $0
ELIZABETH HUIDEKOPER TRUSTEE 1.50
Director
$0 $0 $0
HELENA DASILVA HUGHES TRUSTEE 1.50
Director
$0 $0 $0
JASON RUA TRUSTEE 1.50
Director
$0 $0 $0
JAY SCHACHNE MD TRUSTEE 1.50
Director
$0 $0 $0
JONATHAN L ROUNDS TRUSTEE 1.50
Director
$0 $0 $0
LOUIS CABRAL TRUSTEE 1.50
Director
$0 $0 $0
W HUGH M MORTON TRUSTEE 1.50
Director
$0 $0 $0
RENEE CLARK ASST. CLERK/ EVP & COO 2.50
Officer
$0 $191,393 $1,312,578
WADE BROUGHMAN TREASUER/ EVP FIN & CFO 5.50
Officer
$0 $39,095 $1,194,209
JEFFREY LAWRENCE MD SVP, CTIO, PIC (TO 4/24) 24.00
Key Emp
$0 $132,042 $918,401
LAUREN MELBY VP POPULATION HEALTH 60.00
Key Emp
$0 $25,654 $230,700
CHRISTINE M CERNAK ED-INTEGRATED CARE MANAGEMENT 40.00
Highest
$0 $22,629 $279,688
KENNETH EUGENIO M-OPERATIONS-SHN 40.00
Highest
$0 $34,138 $209,855
DANIELLE A MEDINA ED-CONTRACTING 40.00
Highest
$0 $22,161 $202,293
DAWN DAVIDIAN TL-RN-CARE NAVIGATION 40.00
Highest
$0 $18,344 $175,818
LINDA CLARK PHARMACIST-CLINICAL SPEC-AMB C 40.00
Highest
$0 $9,952 $167,605
KEITH HOVAN FORMER EX-OFFICIO AND PRESIDENT & CEO 0.00
$0 $0 $1,615,731
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 $32,172,337 $17,122,325 $291,297,834 $15,050,012
2023 $32,430,858 $15,820,321 $259,188,481 $16,610,537
2022 $46,115,025 $18,361,244 $221,044,071 $27,753,781
2021 $39,093,596 $13,918,414 $230,534,649 $25,175,182
2020 $36,117,508 $17,767,588 $188,009,896 $18,349,920
2019 $20,744,871 $9,550,351 $162,131,157 $11,194,520
2018 $14,071,520 $2,349,315 $155,698,271 $11,722,205
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHCOAST HEALTH SYSTEM INC with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.