Southcoast Physicians Group Inc
- Assets
- $152.4m
- Revenue
- $277.4m
- Investments
- $0.0
- Employees
- 1,959
- Location
- Fairhaven, MA
- Founding
- 12/1987
- Data as of
- 09/2023
- EIN
- 22-2703314
Organization Overview
Southcoast Physicians Group Inc is located in Fairhaven, MA. The organization was established in 1987. 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 09/2023, Southcoast Physicians Group Inc employed 1,959 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southcoast Physicians Group 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 09/2023, Southcoast Physicians Group Inc generated $277.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $350.8m during the year ending 09/2023. While expenses have increased by 4.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE AVAILABILITY OF HIGH QUALITY MEDICAL SERVICES IN SERVICE AREAS COVERED BY SOUTHCOAST HEALTH SYSTEM, INC. (SHS) AND ITS TAX EXEMPT AFFILIATES.(SEE SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY CARE - SEE SCHEDULE O
URGENT CARE - SEE SCHEDULE O
HOSPITALISTS - SEE SCHEDULE O
SPECIALISTS - SEE SCHEDULE O
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keith Hovan Former President/ceo | 0 | $0 | |
Rayford S Kruger MD President And Ex-Offico | OfficerTrustee | 14.5 | $576,097 |
Ivan Urits Physician | 40 | $1,447,341 | |
Peter Cohn Physician | 40 | $1,050,029 | |
Richard Pin Physician | 40 | $1,136,893 | |
Renee Clark Clerk/ Evp & COO Of Shg | Officer | 32.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synergy Surgicalists Inc Physician Services | 9/29/23 | $2,219,250 |
Whelan Construction Llc Construction | 9/29/23 | $698,202 |
Mohammed Chaudary Physician Services | 9/29/23 | $639,765 |
Brigham And Womens Physician Org Staffing | 9/29/23 | $1,007,909 |
Weatherby Locums Inc Staffing | 9/29/23 | $1,022,122 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $866,718 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $866,718 |
| Total Program Service Revenue | $276,486,137 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $48,913 |
| Net Gain/Loss on Asset Sales | $7 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,401,775 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,028,082 |
| Compensation of current officers, directors, key employees. | $477,543 |
| Compensation to disqualified persons | $130,565 |
| Other salaries and wages | $247,378,643 |
| Pension plan accruals and contributions | $8,035,689 |
| Other employee benefits | $19,021,499 |
| Payroll taxes | $12,578,695 |
| Fees for services: Management | $1,421,825 |
| Fees for services: Legal | $170,571 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,385,001 |
| Advertising and promotion | $38,699 |
| Office expenses | $1,439,140 |
| Information technology | $167,599 |
| Royalties | $0 |
| Occupancy | $14,558,923 |
| Travel | $313,622 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $526,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,955,504 |
| Insurance | $5,174,973 |
| All other expenses | $350,955 |
| Total functional expenses | $350,848,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,284,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,980,997 |
| Net Land, buildings, and equipment | $18,048,474 |
| Investments—publicly traded securities | $19,510,097 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,666,514 |
| Other assets | $84,947,011 |
| Total assets | $152,437,551 |
| Accounts payable and accrued expenses | $58,904,494 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| 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 | $93,533,057 |
| Total liabilities | $152,437,551 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $152,437,551 |