SOUTHCOAST HOSPITALS GROUP INC Charity Report

Public IRS 990 nonprofit record

SOUTHCOAST HOSPITALS GROUP INC

EIN 22-2592333 · Health Care (E200)

What they do

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)

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2023The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders32 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

76.58%of revenue went to mission work83.1% of expenses · Program services

0.13%of revenue went to fundraising0.1% of expenses

$80.32spent for every $100 of revenueRevenue covered expenses this year.

15.46%of revenue went to management and office costs16.8% of expenses

$1.12in assets for every $1 spent this yearSome assets cannot be spent right away.

2.6%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,615,731 for KEITH HOVAN (FORMER PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2023

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,203,785,146

Mission workProgram services$921,856,98076.58% of revenue83.1% of expenses

ManagementOffice and general costs$186,128,14315.46% of revenue16.8% of expenses

FundraisingAsking for donations$1,601,1150.13% of revenue0.1% of expenses

Revenue left after expensesReported annual surplus$94,198,9087.83% of revenueShown in gray on the chart

Total expenses$1,109,586,23892.17% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2023CurrentExpense mix: 83.1% mission · 16.8% management · 0.1% fundraisingTotal expenses: 92.17% of revenue

2022Expense mix: 82.2% mission · 17.6% management · 0.2% fundraisingTotal expenses: 92.22% of revenue

2021Expense mix: 83.1% mission · 16.7% management · 0.2% fundraisingTotal expenses: 96.19% of revenue

2020Expense mix: 81.2% mission · 18.6% management · 0.2% fundraisingTotal expenses: 92.68% of revenue

2019Expense mix: 79.9% mission · 19.9% management · 0.2% fundraisingTotal expenses: 89.56% of revenue

2018Expense mix: 75.5% mission · 24.3% management · 0.2% fundraisingTotal expenses: 91.68% of revenue

2017Expense mix: 88.6% mission · 11.2% management · 0.2% fundraisingTotal expenses: 91.27% of revenue

2016Expense mix: 95.3% mission · 4.6% management · 0.1% fundraisingTotal expenses: 93.75% of revenue

Money in and money out

Revenue$1,381,528,208

Expenses$1,109,586,238

Annual surplus $271,941,970 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$921,856,980 · 83.1% of expenses

Management and office costs$186,128,143 · 16.8% of expenses

Fundraising$1,601,115 · 0.1% of expenses

See all reported dollar amounts

Revenue$1,381,528,208

Expenses$1,109,586,238

Assets$1,240,071,776

Income$1,429,696,017

Contributions$35,721,496

Mission work (program services)$921,856,980

Fundraising$1,601,115

Grants given$2,358,455

Average grant$20,508

Management and general$186,128,143

Stocks and bonds$432,252,805

Accounting fees$353,000

Investing fees$420,153

People

Leadership and board

Tax year 2023

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEITH HOVANFORMER PRESIDENT & CEO $1,615,731

RAYFORD KRUGER MDPRESIDENT & CEO (UNTIL 1/3/24) · 42 hrs/week $1,611,294Base $1,300,999 · Other $310,295

RENEE CLARKASSISTANT CLERK/ EVP COO · 32 hrs/week $1,312,578Base $1,121,185 · Other $191,393

WADE BROUGHMANTREASURER OF BOARD/ EVP FIN/CFO · 48 hrs/week $1,194,209Base $1,155,114 · Other $39,095

JAMES FEENSVP/CHIEF DIGITAL INFO OFFICER · 60 hrs/week $858,580Base $730,092 · Other $128,488

STEPHEN CANESSASVP EXTERNAL AFFAIRS CCO · 60 hrs/week $778,428Base $649,312 · Other $129,116

LAUREN DESIMON JOHNSONSVP/ CHRO · 60 hrs/week $755,393Base $631,866 · Other $123,527

JAQUELINE SOMERVILLESVP/CNO · 60 hrs/week $637,204Base $598,109 · Other $39,095

TONYA JOHNSONSVP & COO (UNTIL 6/28/24) · 60 hrs/week $613,936Base $510,488 · Other $103,448

STEPHEN PIRESSVP, INSURANCE RISK MANAGEMENT · 60 hrs/week $589,909Base $550,814 · Other $39,095

MARK CALECFO SHG & SVP FINANCE SHS · 60 hrs/week $533,953Base $507,344 · Other $26,609

PATRICIA BUIOCCHISVP POST ACUTE SERVICES · 30 hrs/week $468,952Base $468,274 · Other $678

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (32)

KEITH HOVANFORMER PRESIDENT & CEO

RAYFORD KRUGER MDPRESIDENT & CEO (UNTIL 1/3/24)

RENEE CLARKASSISTANT CLERK/ EVP COO

WADE BROUGHMANTREASURER OF BOARD/ EVP FIN/CFO

JAMES FEENSVP/CHIEF DIGITAL INFO OFFICER

STEPHEN CANESSASVP EXTERNAL AFFAIRS CCO

LAUREN DESIMON JOHNSONSVP/ CHRO

JAQUELINE SOMERVILLESVP/CNO

TONYA JOHNSONSVP & COO (UNTIL 6/28/24)

STEPHEN PIRESSVP, INSURANCE RISK MANAGEMENT

MARK CALECFO SHG & SVP FINANCE SHS

PATRICIA BUIOCCHISVP POST ACUTE SERVICES

PHILIP OLIVEIRAVP SUPPLY CHAIN STRAT & LOGIST

DAVID MCCREADYEX-OFFICIO, PRES & CEO (FROM 1/24)

JADENE ELDENVP REVENUE CYCLE

CHARLES E CUSSON JRVP ORG CAPTLY AND TALENT MANAGEMENT

JOHN MUNGOVAN MDTRUSTEE (AS OF 1/1/24)

ILANA FEINERMAN MDTRUSTEE

ROBERT RONAN MDTRUSTEE (UNTIL 12/31/2023)

SALMAN BASHIR MDTRUSTEE

JONATHAN L ROUNDSTRUSTEE

JAY SCHACHNE MDTRUSTEE

LOUIS CABRALTRUSTEE

JASON RUATRUSTEE

JAMES JEROME COOGANCLERK(UNTIL 12/31/2023)

HELENA DASILVA HUGHESTRUSTEE

ELIZABETH HUIDEKOPERTRUSTEE

DONALD G GIUMETTICHAIR

DENNIS FUSCOTRUSTEE

CHRISTOPHER HODGSONTRUSTEE, CLERK (AS OF 1/1/2024)

W HUGH M MORTONTRUSTEE

CARMEN F SYLVESTERVICE CHAIR

About this charity

Recognized since: January 1986
Location: 101 PAGE ST, NEW BEDFORD, MA 02740-3464
County: Bristol
In care of: % ACCT DEPT
Primary officer: MICHAEL BUSHELL, EVP FINANCE & CFO

How to reach them

WebsiteVisit the charity’s website Phone(508) 961-5000 Officer phone(508) 973-5017

Filing and classification

Latest tax year: 2023
Tax period began: October 1, 2023
Return type: 990
Tax preparer: DELOITTE TAX LLP
NTEE classification: Health Care (E200)
Grant-giving organization: Yes