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Southcoast Hospitals Group INC

Public charity990-T FY2023
DBA: % ACCOUNTING DEPT
Other · NEW BEDFORD, MA · EIN 22-2592333

About

Southcoast hospitals group (SHG) OWNS and operates three community based acute care hospitals - charlton memorial hospital in fall river, ST LUKE's hospital in new bedford and tobey hospital in wareham, MA. SHG serves as the safety NET provider to a culturally diverse and economically challenged region with government sponsored programs covering approximately 70% of its patients. In some communities, SHG is the SOLE provider of hospital services and in its region the SOLE provider of advanced clinical services such as open heart surgery and other advanced cardiac services, maternity and neonatal intensive care services. Southcoast provides advanced emergency care 24 hours PER day, 7 DAYS a week at ALL three hospitals.

In care of Accounting DEPT

Donations are tax-deductible
Category
Other
Employees
6,522
Volunteers
141

Financial Snapshot

FY ending 2024-09-30
Revenue
$1.2B
Expenses
$1.1B
Assets
$1.2B
Liabilities
$457.1M

Financial history

$1.2B$601.9M$0
161718192021222324
RevenueExpenses
Latest FY2024: $1.2B · Avg: $962.7M

501(h) election

This 501(c)(3) has NOT elected 501(h) — lobbying is permitted but limited under the vaguer "no substantial part of activities" test.

Political & Grant Activity

Campaign Spending
Lobbying
$192K
Grants Given
$549K
SOUTHCOAST HOSPITALS GROUP INC
Your actions

Address

101 Page ST
New Bedford, MA, 02740-346

Governance

Voting board members15
Independent members12
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsYes
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo

Financial detail (Schedule D)

Board-designated %0.0%
Permanent endowment %68.0%
Endowment held by related orgNo
Public records
ProPublica Nonprofit Explorer
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