SOUTH SHORE PROPERTY INC (EIN 050398822) - 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

STEPHEN JENNEY

Phone

7816248000

Tax Period

2023-10-01 to 2024-09-30

SOUTH SHORE PROPERTY INC, founded in 1982, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2023. Net assets of $25.5M represent 48 months of operating reserves.

Mission

SOUTH SHORE PROPERTY ACQUIRES, MANAGES AND DEVELOPS REAL PROPERTY FOR USE IN CARRYING OUT THE TAX-EXEMPT PURPOSES OF THE ORGANIZATION'S PARENT COMPANY AND AFFILIATES.

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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 $6,343,849

Investment Income $36,012

Other Revenue $17

TOTAL REVENUE $6,379,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,569,538

Other Expenses $6,603,866

TOTAL EXPENSES $6,603,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,379,878	$5,983,472	+0.1%
Expenses	$6,603,866	$6,293,362	+0.0%
Net Income	$-223,988	$-309,890	-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
ALLEN SMITH MD	PRESIDENT & CEO	0.50	Officer Director	$0	$183,307	$1,446,616
KIMBERLY DEVER MD	DIRECTOR, CHIEF OB/GYN	0.50	Director	$0	$41,762	$831,786
AMANDA MARCHICA DO	DIRECTOR AS OF 10/1/2023	0.50	Director	$0	$31,720	$316,862
BRADFORD SAMPSON	DIRECTOR	0.50	Director	$0	$0	$80,000
PAMELA O'LEARY	CHAIR	0.50	Officer Director	$0	$0	$0
THOMAS MCCARTHY	VICE CHAIR	0.50	Officer Director	$0	$0	$0
ALAN MCKIM	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTOPHER ODDLEIFSON	DIRECTOR THRU 12/31/2023	0.50	Director	$0	$0	$0
ELLEN ESSENFELD	DIRECTOR	0.50	Director	$0	$0	$0
GRACE LEE	DIRECTOR AS OF 10/1/2023	0.50	Director	$0	$0	$0
HELEN GARVEY	DIRECTOR THRU 12/31/2023	0.50	Director	$0	$0	$0
KENNETH QUIGLEY JR	DIRECTOR AS OF 10/1/2023	0.50	Director	$0	$0	$0
MICHAEL SHEEHAN	DIRECTOR	0.50	Director	$0	$0	$0
PAMELA WHELTON	DIRECTOR THRU 12/31/2023	0.50	Director	$0	$0	$0
PAUL WANTANABE PHD	DIRECTOR	0.50	Director	$0	$0	$0
PAULA L BECKER	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH R DRISCOLL ESQ	SECRETARY	0.50	Officer	$0	$36,056	$607,535
STEPHEN JENNEY	CFO & TREAS. AS OF 10/1/23	0.50	Officer	$0	$20,403	$313,821
JUSTIN CAMPBELL	DIRECTOR THRU 9/30/2023	0.00		$0	$0	$91,600
MICHAEL AYERS MD	DIRECTOR THRU 9/30/2023	0.50		$0	$0	$29,133
KRISTINE HANSCOM CPA MST CGMA	FORMER TREAS. & CFO (THRU 5/31/23)	0.50		$0	$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	$6,379,878	$6,603,866	$53,941,637	$-223,988
2023	$5,983,472	$6,293,362	$59,125,185	$-309,890
2022	$5,749,173	$5,782,756	$61,461,297	$-33,583
2021	$5,764,872	$4,829,630	$64,321,877	$935,242
2020	$5,887,395	$4,380,678	$66,126,431	$1,506,717
2019	$5,748,148	$4,444,457	$64,885,040	$1,303,691
2018	$5,568,593	$4,512,313	$45,885,011	$1,056,280

SOUTH SHORE PROPERTY INC