SOUTH SHORE HEALTH EXPRESS INC (EIN 452385865) - 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

2011

Legal Domicile

Principal Officer

STEPHEN JENNEY

Phone

7816248000

Tax Period

2023-10-01 to 2024-09-30

SOUTH SHORE HEALTH EXPRESS INC, founded in 2011, is a mid-sized nonprofit in the Medical Research sector that reported $14.0M in total revenue in fiscal year 2023. Expenses of $16.6M exceeded revenue, resulting in a 19% operating deficit.

Mission

SOUTH SHORE HEALTH EXPRESS PROVIDES COMPREHENSIVE, URGENT MEDICAL CARE TO THE RESIDENTS OF SOUTHEASTERN MASSACHUSETTS THROUGH MEDICAL FACILITIES IN SEVEN COMMUNITIES. ALSO, SOUTH SHORE HEALTH EXPRESS SUPPORTS AND FURTHERS THE MISSION OF THE SOUTH SHORE HEALTH SYSTEM, INCLUDING THAT OF ITS AFFILIATES, WHICH IS TO PROMOTE THE GENERAL HEALTH AND WELL-BEING OF THE RESIDENTS OF SOUTHEASTERN MASSACHUSETTS.

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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 $13,960,873

Investment Income $0

Other Revenue $29,148

TOTAL REVENUE $13,990,021

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,425,497

Fundraising Expenses $0

Program Expenses $10,028,802

Other Expenses $8,217,901

TOTAL EXPENSES $16,643,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,990,021	$14,299,540	0.0%
Expenses	$16,643,398	$29,569,205	-0.4%
Net Income	$-2,653,377	$-15,269,665	-0.8%

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

153

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
ANTOINETTE ENG MD	PHYSICIAN	40.00	Highest	$361,112	$16,767	$377,879
JAMES MENSCHING MD	PHYSICIAN	40.00	Highest	$335,592	$38,432	$374,024
MARK DURFEE MD	PHYSICIAN	40.00	Highest	$296,550	$34,450	$331,000
BARRY FISHER MD	PHYSICIAN	40.00	Highest	$256,388	$12,593	$268,981
KATHERINE COMIS	VP OF OPERATIONS	40.00	Highest	$232,837	$6,183	$239,020
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	$13,990,021	$16,643,398	$14,226,589	$-2,653,377
2023	$14,299,540	$29,569,205	$15,637,624	$-15,269,665
2022	$16,688,127	$16,618,668	$29,491,209	$69,459
2021	$13,819,053	$14,372,062	$31,558,831	$-553,009
2020	$12,224,356	$15,139,820	$32,089,469	$-2,915,464
2019	$10,091,896	$10,859,921	$32,975,307	$-768,025

SOUTH SHORE HEALTH EXPRESS INC