SOUTHCOAST HOSPITALS GROUP INC

EIN: 222592333 501(c)(3) Health Care

NEW BEDFORD, MA

Total Revenue
$1,203,785,146
Total Expenses
$1,109,586,238
Total Assets
$1,158,657,361
Net Assets
$701,563,129
🔒

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
5089615000
Tax Period
2023-10-01 to 2024-09-30

SOUTHCOAST HOSPITALS GROUP INC, founded in 1986, is a large national nonprofit in the Health Care sector that reported $1.2B in total revenue in fiscal year 2023. Expenses of $1.1B left a modest 8% surplus.

Mission

TO PROMOTE THE OPTIMAL HEALTH AND WELL-BEING OF THE INDIVIDUALS AND FAMILIES IN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP (SHG). (SEE SCHEDULE O)

Program Service Accomplishments

Program 1
Expenses: $921,856,980 Revenue: $1,149,084,086

SOUTHCOAST PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO IMPROVE THE HEALTH AND WELLNESS OF INDIVIDUALS IN ITS COMMUNITIES. SOUTHCOAST RECORDED 193,833 INPATIENT DAYS, PERFORMED 17,375...

Read more

SOUTHCOAST PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO IMPROVE THE HEALTH AND WELLNESS OF INDIVIDUALS IN ITS COMMUNITIES. SOUTHCOAST RECORDED 193,833 INPATIENT DAYS, PERFORMED 17,375 SURGERIES AND 10,023 ENDOSCOPIES, PROVIDED 3,493,312 LABORATORY TESTS, PERFORMED 474,824 RADIOLOGICAL PROCEDURES, 222,949 PHYSICAL MEDICINE VISITS, 713 PCI CORONARY INTERVENTIONS, 2,177 DIAGNOSTIC CATHETERIZATION, 353 OPEN HEART SURGERIES, 1,851 ELECTROPHYSIOLOGY CASES, 753 CORONARY DEVICE IMPLANTS, 2,965 NEWBORN ADMISSIONS, PERFORMED 41,032 RADIATION AND MEDICAL CHEMOTHERAPY TREATMENTS AND CARED FOR 164,848 EMERGENCY ROOM PATIENTS 24 HOURS A DAY 7 DAYS A WEEK REGARDLESS OF THEIR ABILITY TO PAY FOR SUCH SERVICES.

🔒

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 $35,721,496
Program Service Revenue $1,149,084,086
Investment Income $15,109,721
Other Revenue $3,869,843
TOTAL REVENUE $1,203,785,146

Expense Breakdown

Grants Paid $549,176
Salaries & Benefits $518,646,789
Fundraising Expenses $1,601,115
Program Expenses $921,856,980
Other Expenses $590,390,273
TOTAL EXPENSES $1,109,586,238

Year-over-Year Comparison

2023 2022 Change
Revenue $1,203,785,146 $1,121,349,892 +0.1%
Expenses $1,109,586,238 $1,034,147,962 +0.1%
Net Income $94,198,908 $87,201,930 +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
6522
Volunteers
141

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
6
$4,177,494
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYFORD KRUGER MD PRESIDENT & CEO (UNTIL 1/3/24) 41.50
Officer Director
$1,300,999 $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) 17.50
Officer Director
$317,489 $51,283 $368,772
JOHN MUNGOVAN MD TRUSTEE (AS OF 1/1/24) 13.50
Director
$143,702 $0 $143,702
ROBERT RONAN MD TRUSTEE (UNTIL 12/31/2023) 3.50
Director
$37,639 $0 $37,639
SALMAN BASHIR MD TRUSTEE 1.50
Director
$3,858 $0 $3,858
CARMEN F SYLVESTER VICE CHAIR 2.50
Officer Director
$0 $0 $0
CHRISTOPHER HODGSON TRUSTEE, CLERK (AS OF 1/1/2024) 2.50
Officer Director
$0 $0 $0
DONALD G GIUMETTI CHAIR 2.50
Officer Director
$0 $0 $0
JAMES JEROME COOGAN CLERK(UNTIL 12/31/2023) 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 ASSISTANT CLERK/ EVP COO 32.50
Officer
$1,121,185 $191,393 $1,312,578
WADE BROUGHMAN TREASURER OF BOARD/ EVP FIN/CFO 47.50
Officer
$1,155,114 $39,095 $1,194,209
JAMES FEEN SVP/CHIEF DIGITAL INFO OFFICER 60.00
Key Emp
$730,092 $128,488 $858,580
STEPHEN CANESSA SVP EXTERNAL AFFAIRS CCO 60.00
Key Emp
$649,312 $129,116 $778,428
LAUREN DESIMON JOHNSON SVP/ CHRO 60.00
Key Emp
$631,866 $123,527 $755,393
JAQUELINE SOMERVILLE SVP/CNO 60.00
Key Emp
$598,109 $39,095 $637,204
TONYA JOHNSON SVP & COO (UNTIL 6/28/24) 60.00
Key Emp
$510,488 $103,448 $613,936
MARK CALE CFO SHG & SVP FINANCE SHS 60.00
Key Emp
$507,344 $26,609 $533,953
STEPHEN PIRES SVP, INSURANCE RISK MANAGEMENT 60.00
Highest
$550,814 $39,095 $589,909
PATRICIA BUIOCCHI SVP POST ACUTE SERVICES 30.00
Highest
$468,274 $678 $468,952
PHILIP OLIVEIRA VP SUPPLY CHAIN STRAT & LOGIST 60.00
Highest
$344,145 $38,595 $382,740
JADENE ELDEN VP REVENUE CYCLE 60.00
Highest
$346,803 $20,478 $367,281
CHARLES E CUSSON JR VP ORG CAPTLY AND TALENT MANAGEMENT 60.00
Highest
$262,119 $18,668 $280,787
KEITH HOVAN FORMER PRESIDENT & CEO 0.00
$1,615,731 $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 $1,203,785,146 $1,109,586,238 $1,158,657,361 $94,198,908
2023 $1,121,349,892 $1,034,147,962 $1,044,672,844 $87,201,930
2022 $1,019,838,643 $980,973,163 $991,182,909 $38,865,480
2021 $959,620,935 $889,341,530 $1,265,624,200 $70,279,405
2020 $936,796,802 $838,979,750 $1,213,595,255 $97,817,052
2019 $897,342,161 $822,696,260 $965,442,251 $74,645,901
2018 $851,950,071 $777,575,425 $958,188,756 $74,374,646
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHCOAST HOSPITALS GROUP 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.