South Shore Hospital Inc
- Assets
- $826.2m
- Revenue
- $754.1m
- Investments
- $0.0
- Employees
- 5,904
- Location
- South Weymouth, MA
- Founding
- 11/1982
- Data as of
- 09/2021
- EIN
- 04-2769210
Organization Overview
South Shore Hospital Inc is located in South Weymouth, MA. The organization was established in 1982. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2021, South Shore Hospital Inc employed 5,904 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Shore Hospital Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2021, South Shore Hospital Inc generated $754.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $749.4m during the year ending 09/2021. While expenses have increased by 5.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, South Shore Hospital Inc has awarded 23 individual grants totaling $948,780. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SOUTH SHORE HOSPITAL'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HEALTH CARE SERVICES TO THE COMMUNITY INCLUDING SURGICAL, MEDICAL AND OTHER TREATMENT OF THE SICK AND INJURED.
Describe the Organization's Program Activity:
HEALTH CARE PROGRAMS, GENERAL/OTHER: SOUTH SHORE HOSPITAL IS A NOT-FOR-PROFIT ACUTE CARE, REGIONAL HOSPITAL LICENSED BY THE MASSACHUSETTS DEPARTMENT OF PUBLIC HEALTH TO OPERATE 374 ACUTE CARE BEDS (COMPOSED OF 269 MEDICAL/SURGICAL, 24 INTENSIVE CARE/CORONARY CARE, 53 LEVEL III MATERNAL/NEWBORN, 18 PEDIATRIC/YOUNG ADULT AND 10 NEONATAL), AND 67 BASSINETS (COMPOSED OF 20 LEVEL II SPECIAL CARE NURSERY BASSINETS AND 47 NEWBORN BASSINETS). THE HOSPITAL OFFERS A COMPREHENSIVE RANGE OF HEALTH CARE SERVICES TO MEET DIVERSE COMMUNITY NEEDS, INCLUDING EMERGENCY CARE, ACUTE CARE (INCLUDING MEDICAL, SURGICAL, OBSTETRICAL/GYNECOLOGICAL, PEDIATRICS, CARDIAC AND CANCER CARE), OUTPATIENT SERVICES (INCLUDING IMAGING, SURGICAL, REHABILITATION, WOUND AND SPECIALIZED ORTHOPEDIC CARE), HOME HEALTH SERVICES AND COMMUNITY SERVICES. THE HOSPITAL PROVIDES FREE CARE TO THOSE WHO ARE UNABLE TO PAY, SPONSORS FREE CANCER SCREENINGS, OTHER HEALTH SCREENINGS, VARIOUS SUPPORT GROUPS AND EDUCATIONAL PROGRAMS, INCLUDING PUBLIC HEALTH EDUCATION, WELLNESS PROGRAMS AND THE TRAINING OF HEALTH PROFESSIONALS SUCH AS PHYSICIANS, NURSES AND TECHNICIANS. DURING THE YEAR ENDED SEPTEMBER 30, 2021, THE HOSPITAL HAD 30,486 DISCHARGES AND APPROXIMATELY 320,863 OUTPATIENT DAYS. THE HOSPITAL'S EMERGENCY CENTER IS OPEN 24 HOURS A DAY, EVERY DAY OF THE YEAR, AND HAD 96,185 VISITS DURING THE YEAR. THE HOSPITAL'S HOME CARE DIVISION HELPS PEOPLE MAINTAIN INDEPENDENCE AT HOME. THE VISITING NURSES COORDINATE THE APPROPRIATE SPECIALISTS, SERVICES AND COMMUNITY RESOURCES FOR EACH PATIENT. OUR HOME CARE DIVISION PROVIDED OVER 156,755 HOME VISITS TO PATIENTS IN FY21.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Whelton COO Through 8/3/19 | 0 | $1,222,264 | |
Frederick Millham MD Chair, Surgery | 40 | $984,869 | |
Rose Dipietro President/ceo Through 12/31/20 | OfficerTrustee | 40 | $802,082 |
Kimberly Dever MD Director, Chief Ob/gyn | Trustee | 40 | $775,556 |
Timothy Lynch MD Chief Medical Officer Through 7/22/22 | Officer | 40 | $731,035 |
Luke O'connell MD Chief Clinical Officer | Officer | 40 | $724,372 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medicus Hospitalist Services Llc Physician Services | 9/29/21 | $5,412,556 |
Brigham & Women's Physician Organization Physician Services | 9/29/21 | $5,035,070 |
Petit Peony Medical Supplies | 9/29/21 | $2,020,900 |
Aw Perry Inc Management Company | 9/29/21 | $2,590,709 |
Brigham & Women's Hospital Physician Services | 9/29/21 | $4,416,425 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $741,346 |
| Related organizations | $0 |
| Government grants | $306,174 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,965,505 |
| Noncash contributions included in lines 1a–1f | $1,380,428 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,013,025 |
| Total Program Service Revenue | $722,923,541 |
| Investment income | $3,909,841 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$83,229 |
| Net Gain/Loss on Asset Sales | $7,479,985 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $6,295 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $754,117,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,800 |
| Grants and other assistance to domestic individuals. | $14,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,935,146 |
| Compensation of current officers, directors, key employees. | $2,380,026 |
| Compensation to disqualified persons | $558,753 |
| Other salaries and wages | $414,736,143 |
| Pension plan accruals and contributions | $16,231,626 |
| Other employee benefits | $46,035,418 |
| Payroll taxes | $26,946,092 |
| Fees for services: Management | $740,076 |
| Fees for services: Legal | $2,823,509 |
| Fees for services: Accounting | $360,888 |
| Fees for services: Lobbying | $107,854 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $36,480,090 |
| Advertising and promotion | $1,378,766 |
| Office expenses | $90,606,750 |
| Information technology | $17,702,185 |
| Royalties | $0 |
| Occupancy | $12,266,063 |
| Travel | $560,040 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,897,946 |
| Interest | $8,180,876 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,152,388 |
| Insurance | $4,061,991 |
| All other expenses | $8,100,540 |
| Total functional expenses | $749,430,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $41,734,218 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $6,011,199 |
| Accounts receivable, net | $64,236,190 |
| Loans from Officers, Directors, or Controlling Persons | $12,020,188 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,895,047 |
| Prepaid expenses and deferred charges | $22,083,224 |
| Net Land, buildings, and equipment | $255,226,968 |
| Investments—publicly traded securities | $330,394,397 |
| Investments—other securities | $0 |
| Investments—program-related | $5,387,300 |
| Intangible assets | $0 |
| Other assets | $75,183,860 |
| Total assets | $826,172,591 |
| Accounts payable and accrued expenses | $91,735,604 |
| Grants payable | $0 |
| Deferred revenue | $72,805,730 |
| Tax-exempt bond liabilities | $179,781,939 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $78,398,209 |
| Total liabilities | $422,721,482 |
| Net assets without donor restrictions | $373,982,737 |
| Net assets with donor restrictions | $29,468,372 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $826,172,591 |
Grants Awarded
Over the last fiscal year, South Shore Hospital Inc has awarded $162,800 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Waltham, MA PURPOSE: SUPPORT PROVIDER WELLNESS | $30,000 |
Waltham, MA PURPOSE: SUPPORT PROVIDER WELLNESS | $30,000 |
Quincy, MA PURPOSE: COMMUNITY HEALTHCARE SUPPORT | $20,000 |
Quincy, MA PURPOSE: COMMUNITY HEALTHCARE SUPPORT | $20,000 |
Natick, MA PURPOSE: COMMUNITY HEALTHCARE SUPPORT | $15,000 |
Natick, MA PURPOSE: COMMUNITY HEALTHCARE SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that South Shore Hospital Inc has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Tr Ua Harold Brooks Foundation Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $65,000 |
Clifford Charitable Foundation Inc Boston, MA PURPOSE: GENERAL PURPOSE | $5,000 |
Endowment Analysis
| Beg. Balance | $29,150,277 |
| Earnings | $476,222 |
| Admin Expense | $433,974 |
| Net Contributions | $7,649,387 |
| Other Expense | $10,532,663 |
| Ending Balance | $26,309,249 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Saint Francis Hospital And Medical Center Hartford, CT | $1,654,893,576 | $997,837,414 |
St Francis Hospital Roslyn, NY | $1,505,143,319 | $834,224,682 |
Bronxcare Health System Bronx, NY | $743,333,524 | $835,076,495 |
United Health Services Hospitals Inc Binghamton, NY | $821,708,896 | $773,726,450 |
Good Samaritan Hosptial Medical Center West Islip, NY | $1,039,152,790 | $802,832,775 |
South Shore Hospital Inc South Weymouth, MA | $826,172,591 | $754,117,212 |
Bridgeport Hospital Bridgeport, CT | $853,709,766 | $729,975,555 |
White Plains Hospital Medical Center White Plains, NY | $1,287,581,438 | $833,931,324 |
Danbury Hospital Danbury, CT | $968,428,982 | $798,413,805 |