Southcoast Health System Inc

Organization Overview

Southcoast Health System Inc is located in New Bedford, MA. The organization was established in 2000. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southcoast Health System 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, Southcoast Health System Inc generated $39.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $13.9m during the year ending 09/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF SOUTHCOAST HEALTH SYSTEM (SHS) IS TO CARE FOR AND IMPROVE THE HEALTH AND PROMOTE THE WELLNESS OF THE INDIVIDUALS IN THE SHS COMMUNITIES. (SEE SCHEDULE O)

Describe the Organization's Program Activity:

ORGANIZATIONAL OVERSIGHT - PROGRAM EXPENSES WERE INCURRED IN THE OVERALL MANAGEMENT OF SHG AND ITS AFFILIATES. STRATEGIC PLANNING, DEVELOPMENT AND THE COORDINATION OF SERVICES INVOLVING MULTIPLE AFFILIATES AND THE DEVELOPMENT OF PHYSICIAN MANPOWER IN THE MEDICALLY UNDERSERVED AREA OF SOUTHEASTERN MASSACHUSETTS WERE THE PRIMARY SERVICES PROVIDED.


SOUTHCOAST BEHAVIORAL HEALTH - SOUTHCOAST HEALTH SYSTEM, THROUGH ITS INTEREST IN SOUTHCOAST BEHAVIORAL HEALTH (SBH), AIMS TO ADDRESS AN URGENT HEALTHCARE NEED OF THE COMMUNITY IT SERVES BY PROVIDING HIGH QUALITY MEDICAL CARE FOR COMMUNITY MEMBERS FACING BEHAVIORAL HEALTH ISSUES.


SOUTHCOAST HEALTH NETWORK - SOUTHCOAST HEALTH SYSTEM, THROUGH ITS INTEREST IN SOUTHCOAST HEALTH NETWORK (SHN), AIMS TO PROVIDE NETWORK MANAGEMENT AND SUPPORT SERVICES TO PHYSICIANS AND OTHER MEDICAL PROFESSIONALS ASSOCIATED WITH THE SYSTEM.


SOUTHCOAST ACCOUNTABLE CARE ORG - SEE SCHEDULE O


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Board, Officers & Key Employees

Name (title)Compensation
Keith Hovan
President & CEO
$0
Louis Cabral
Chair
$0
James Jerome Coogan
Clerk
$0
Donald G Giumetti
Vice Chair
$0
Renee Clark
Assistant Clerk/ Evp/ COO
$0
Wade Broughman
Treasurer/ Evp Fin/ CFO
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Premier Healthcare Solutions
Consulting
$256,643
Xg Health Solutions
Consulting
$267,189
Edgewater Technology
Technology Svcs
$112,535
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$54,870
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$54,870
Total Program Service Revenue$27,055,410
Investment income $3,449,337
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,509,819
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $39,093,596

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Southcoast Health System Inc has recieved totaling $166,525.

Awarding OrganizationAmount
Southcoast Community Foundation Inc

New Bedford, MA

PURPOSE: ST. LUKES HOSPITAL OPERATING SUPPORT; TOBEY HOSPITAL GENERAL OPERATING SUPPORT; RADIOLOGY STAFF AWARD

$125,725
Saquish Foundation

Boston, MA

PURPOSE: MEDICAL

$20,000
St Annes Credit Union Of Fall River Mass

Fall River, MA

PURPOSE: CHARITABLE CONTRIBUTIONS

$12,607
Emma Fenner Ua 3-28-34

Dallas, TX

PURPOSE: UNRESTRICTED GENERAL

$7,093
C & P Higgins Arnold Foundation

Boston, MA

PURPOSE: MEDICAL RESEARCH

$1,000
Genie And Donald Rice Charitable Tr

Boston, MA

PURPOSE: GENERAL PURPOSES

$100
View Grant Recipient Profile

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