SOUTHCOAST LONG-TERM CARE SERVICES INC

EIN: 043109579 501(c)(3) Health Care

FALL RIVER, MA

Total Revenue
$261,809
Total Expenses
$7,197
Total Assets
$8,969,539
Net Assets
$8,410,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
MA
Principal Officer
DAVID MCCREADY
Phone
5089732905
Tax Period
2023-10-01 to 2024-09-30

SOUTHCOAST LONG-TERM CARE SERVICES INC, founded in 1989, is a small nonprofit in the Health Care sector that reported $262K in total revenue in fiscal year 2023. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $255K, a strong 97% operating margin.

Mission

SUPPORT NON PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP INC. AND ITS NON PROFIT AFFILIATES IN AN EFFORT TO IMPROVE PUBLIC HEALTH IN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP INC.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $261,809
Other Revenue $0
TOTAL REVENUE $261,809

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $7,197
TOTAL EXPENSES $7,197

Year-over-Year Comparison

2023 2022 Change
Revenue $261,809 $97,992 +1.7%
Expenses $7,197 $79,778 -0.9%
Net Income $254,612 $18,214 +13.0%
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

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Governance

Voting Members
6
Independent Members
4
Employees
N/A
Volunteers
4

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
6
$3,174,277
Total Directors
7
$3,174,277
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEITH HOVAN FORMER PRESIDENT & CEO 0
$0 $0 $1,615,731
RAYFORD KRUGER MD PRESIDENT & CEO, EX-OFFICIO (UNTIL 1/2024) 2.5
Officer Director
$0 $310,296 $1,611,295
RENEE CLARK EVP & COO SHG/ FORMER ASST CLERK 0
$0 $191,394 $1,312,579
WADE BROUGHMAN TREASURER/EVP FIN & CFO SHS 2.5
Officer Director
$0 $39,096 $1,194,210
DAVID MCCREADY EX-OFFICIO, PRESIDENT & CEO (AS OF 1/2024) 3.5
Officer Director
$0 $51,283 $368,772
LOUIS CABRAL SECRETARY/CLERK 2.5
Officer Director
$0 $0 $0
DONALD GIUMETTI CHAIR 2.5
Officer Director
$0 $0 $0
JASON RUA VICE CHAIR 2.5
Officer Director
$0 $0 $0
ANDREA GREENWOOD-SYRON TRUSTEE 1.5
Director
$0 $0 $0
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 $261,809 $7,197 $8,969,539 $254,612
2023 $97,992 $79,778 $7,074,238 $18,214
2022 $552,513 $10,041 $6,348,636 $542,472
2021 $545,425 $10,379 $7,571,308 $535,046
2020 $372,681 $12,105 $6,464,698 $360,576
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