Southcoast Physicians Group Inc
- Assets
- $120.5m
- Revenue
- $225.9m
- Investments
- $0.0
- Employees
- 1,733
- Location
- Fairhaven, MA
- Founding
- 12/1987
- Data as of
- 09/2021
- 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 09/2021, Southcoast Physicians Group Inc employed 1,733 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 09/2021, Southcoast Physicians Group Inc generated $225.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $303.9m during the year ending 09/2021. While expenses have increased by 3.8% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
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
HOSPITALISTS - SEE SCHEDULE O
SPECIALISTS - SEE SCHEDULE O
URGENT CARE - SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Phillips Physician | 40 | $1,200,855 | |
Rayford Kruger MD Trustee, Physician | Trustee | 40 | $1,150,616 |
Patrick Gagnon Physician | 40 | $1,136,152 | |
Mark Shparber Physician | 40 | $1,092,470 | |
Richard Pin Physician | 40 | $1,020,865 | |
Arvind Bansal Physician | 40 | $1,006,380 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Orb Health Care Management Svcs | 9/29/21 | $692,174 |
Synergy Surgicalists Inc Physician Services | 9/29/21 | $2,421,000 |
Medicus Healthcare Solutions Inc Physician Staffing | 9/29/21 | $1,087,437 |
Vista Staffing Solutions Inc Physician Staffing | 9/29/21 | $408,920 |
Weatherby Locums Inc Staffing | 9/29/21 | $810,843 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $226,460,571 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,937 |
| Net Gain/Loss on Asset Sales | -$635,997 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,877,511 |
| 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. | $4,382,786 |
| Compensation of current officers, directors, key employees. | $1,165,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $214,550,795 |
| Pension plan accruals and contributions | $6,654,879 |
| Other employee benefits | $16,061,108 |
| Payroll taxes | $10,747,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $206,184 |
| 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 | $12,591,200 |
| Advertising and promotion | $78,114 |
| Office expenses | $1,360,222 |
| Information technology | $131,926 |
| Royalties | $0 |
| Occupancy | $13,468,410 |
| Travel | $190,717 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $357,521 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,880,528 |
| Insurance | $4,464,003 |
| All other expenses | $124,777 |
| Total functional expenses | $303,861,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $323 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,831,414 |
| 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 | $4,065,176 |
| Net Land, buildings, and equipment | $20,560,344 |
| Investments—publicly traded securities | $18,097,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,666,514 |
| Other assets | $54,258,443 |
| Total assets | $120,479,326 |
| Accounts payable and accrued expenses | $60,612,867 |
| 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 | $58,827,276 |
| Total liabilities | $119,440,143 |
| Net assets without donor restrictions | $1,039,183 |
| 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 | $120,479,326 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Southcoast Physicians Group Inc has recieved totaling $11,898.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $5,949 |
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $5,949 |
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 |