Nonprofit · EIN 04-2794625
SOUTHCOAST HEALTH SYSTEM INC
Tax-exempt · NEW BEDFORD, MA 02740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $36,690,991 | $17,172,885 | $19,518,106 | $318,051,860 | $34,458,054 | $283,593,806 |
| September 30, 2024 | 990 | $32,172,337 | $17,122,325 | $15,050,012 | $291,297,834 | $30,316,712 | $260,981,122 |
| September 30, 2023 | 990 | $32,430,858 | $15,820,321 | $16,610,537 | $259,188,481 | $31,710,239 | $227,478,242 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $49,193
- of which government grants
- $28,761
- Program service revenue
- $24,255,435
- Investment income
- $12,386,363
- Net gain from sales of assets
- $4,387,077
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Occupancy
- $318,478
- Travel
- $30,880
- Depreciation
- $55,709
- Program services (functional)
- $13,828,289
- Management and general (functional)
- $3,344,596
Balance sheet and other
- Total assets, start of year
- $291,297,834
- Total assets, end of year
- $318,051,860
- Total liabilities, end of year
- $34,458,054
- Net assets, end of year
- $283,593,806
- Land, buildings and equipment
- $72,662
- Publicly traded securities
- $223,770,178
- Net assets without donor restrictions
- $283,593,806
- Gross unrelated business income
- $346,307
- Gross receipts
- $59,015,487
- Employees
- 0
- Volunteers
- 12
- Year formed
- 1986
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID MCCREADY | EX-OFFICIO, PRESIDENT & CEO Trustee or director, Officer | 37.5 | $0 | $1,594,229 | $204,389 |
| RENEE CLARK ASST CLERK TO | 12/24), CLERK (AS OF 1/25), EVP COO Officer | 8.5 | $0 | $1,221,168 | $203,192 |
| RAYFORD KRUGER | FORMER PRESIDENT & CEO, EX OFFICIO Former | 0 | $0 | $1,316,776 | $32,290 |
| PATRICK GAGNON | CMIO Key employee | 10 | $0 | $1,217,862 | $44,560 |
| WADE BROUGHMAN | TREASURER/EVP FIN & CFO (TO 12/2024) Officer | 5.5 | $0 | $1,093,225 | $40,272 |
| JAMES FEEN | SVP - CHIEF DIGITAL INFO OFFICER Key employee | 55 | $0 | $818,186 | $143,633 |
| BRETT HURTEAU | PHYSICIAN & CMO Key employee | 20 | $0 | $768,979 | $42,720 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $678,729 | $39,148 |
| JEFFREY LAWRENCE MD | SVP, CTIO, PIC PRIMARY CARE (TO 4/24) Key employee | 24 | $0 | $621,977 | $41,590 |
| JOHN PODKOWA | EXECUTIVE CHIEF OF PRIMARY CARE Key employee | 8 | $0 | $533,418 | $37,796 |
| CHRISTINE CERNAK | ED-INTEGRATED CARE MANAGEMENT Highest-paid employee | 40 | $0 | $264,095 | $33,903 |
| LAUREN MELBY | VP POPULATION HEALTH Key employee | 60 | $0 | $247,777 | $29,711 |
| DANIELLE A MEDINA | ED-CONTRACTING Highest-paid employee | 40 | $0 | $188,895 | $24,527 |
| KENNETH EUGENIO | M-OPERATIONS-SHN Highest-paid employee | 40 | $0 | $175,904 | $35,601 |
| MICHAEL BUSHELL | TREASURER (AS OF 1/2025), EVP & CFO Officer | 27.5 | $0 | $174,309 | $30,055 |
18 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAWN DAVIDIAN | TL-RN-CARE NAVIGATION Highest-paid employee | 40 | $0 | $169,948 | $18,530 |
| CELESTE DUBOIS | PHARMACIST-CLINICAL SPEC-AMB C Highest-paid employee | 40 | $0 | $158,695 | $10,617 |
| KEITH HOVAN | FORMER EX-OFFICIO AND PRES & CEO Former | 0 | $0 | $115,000 | $0 |
| JOHN MUNGOVAN MD | TRUSTEE (UNTIL 12/2024) Trustee or director | 1.5 | $0 | $15,400 | $0 |
| ANIL SHUKLA MD | TRUSTEE (AS OF 1/2025) Trustee or director | 1.5 | $0 | $7,100 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $0 | $1,200 | $0 |
| CARMEN F SYLVESTER | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE, CLERK (UNTIL 12/2024) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DONALD GIUMETTI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DENNIS FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JAY S SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JUDGE PHILLIP RAPOZA | TRUSTEE (AS OF 1/2025) Trustee or director | 1.5 | $0 | $0 | $0 |
| LOUIS CABRAL | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| W HUGH MORTON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH HOVAN | FORMER EX-OFFICIO AND PRESIDENT & CEO Former | 0 | $0 | $1,615,731 | $0 |
| RAYFORD KRUGER MD | PRES & CEO, EX-OFFICIO (TO 1/24) Trustee or director, Officer | 8.5 | $0 | $1,300,999 | $310,295 |
| RENEE CLARK | ASST. CLERK/ EVP & COO Officer | 2.5 | $0 | $1,121,185 | $191,393 |
| WADE BROUGHMAN | TREASUER/ EVP FIN & CFO Officer | 5.5 | $0 | $1,155,114 | $39,095 |
| JEFFREY LAWRENCE MD | SVP, CTIO, PIC (TO 4/24) Key employee | 24 | $0 | $786,359 | $132,042 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $681,207 | $42,323 |
| DAVID MCCREADY | EX-OFFICIO, PRES & CEO (FROM 1/24) Trustee or director, Officer | 37.5 | $0 | $317,489 | $51,283 |
| CHRISTINE M CERNAK | ED-INTEGRATED CARE MANAGEMENT Highest-paid employee | 40 | $0 | $257,059 | $22,629 |
| LAUREN MELBY | VP POPULATION HEALTH Key employee | 60 | $0 | $205,046 | $25,654 |
| KENNETH EUGENIO | M-OPERATIONS-SHN Highest-paid employee | 40 | $0 | $175,717 | $34,138 |
| DANIELLE A MEDINA | ED-CONTRACTING Highest-paid employee | 40 | $0 | $180,132 | $22,161 |
| DAWN DAVIDIAN | TL-RN-CARE NAVIGATION Highest-paid employee | 40 | $0 | $157,474 | $18,344 |
| LINDA CLARK | PHARMACIST-CLINICAL SPEC-AMB C Highest-paid employee | 40 | $0 | $157,653 | $9,952 |
| JOHN MUNGOVAN MD | TRUSTEE (AS OF 1/2024) Trustee or director | 1.5 | $0 | $143,702 | $0 |
| ROBERT RONAN MD | TRUSTEE (UNTIL 12/2023) Trustee or director | 1.5 | $0 | $37,639 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $0 | $3,858 | $0 |
| CARMEN F SYLVESTER | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE, CLERK (AS OF 1/2024) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DONALD G GIUMETTI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| JAMES JEROME COOGAN | CLERK (UNTIL 12/2023) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| DENNIS FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JAY SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| LOUIS CABRAL | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| W HUGH M MORTON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 28 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $0 | $4,459,953 | $40,207 |
| RAYFORD S KRUGER MD | PRESIDENT & CEO Trustee or director, Officer | 8.5 | $0 | $1,752,849 | $239,631 |
| RENEE CLARK | ASSISTANT CLERK/ EVP/ COO Officer | 2.5 | $0 | $1,020,008 | $152,359 |
| WADE BROUGHMAN | TREASURER/ EVP FIN/ CFO Officer | 5.5 | $0 | $1,027,327 | $36,160 |
| JEFFREY LAWRENCE MD | SVP, CTIO, PHYS IN CHIEF PC Key employee | 24 | $0 | $726,719 | $100,912 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $666,673 | $39,194 |
| ANA LAUS | TRUSTEE (UNTIL 12/22) Trustee or director | 1.5 | $0 | $446,403 | $18,359 |
| CHRISTINE M CERNAK | ED-INTEGRATED CARE MGMT Highest-paid employee | 40 | $0 | $253,460 | $17,251 |
| LAUREN MELBY | VP POPULATION HEALTH Key employee | 60 | $0 | $206,726 | $20,605 |
| KENNETH EUGENIO | MANAGER OF OPERATIONS SHN Highest-paid employee | 40 | $0 | $163,219 | $31,644 |
| DAWN DAVIDIAN | RN MEDICAL CARE MGT SHN Highest-paid employee | 40 | $0 | $157,984 | $16,416 |
| LINDA CLARK | PHARMACIST-CLINICAL SPEC AMB Highest-paid employee | 40 | $0 | $148,149 | $9,413 |
| CELESTE DUBOIS | PHARMACIST CLINICAL SPEC AMB Highest-paid employee | 40 | $0 | $146,579 | $9,281 |
| ROBERT RONAN MD | TRUSTEE (AS OF 1/23) Trustee or director | 1.5 | $0 | $27,900 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $0 | $5,138 | $0 |
| JAY S SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| LOUIS CABRAL | CHAIR(UNTIL 12/22), TTEE(1/23) Trustee or director, Officer | 1.5 | $0 | $0 | $0 |
| JAMES JEROME COOGAN | CLERK Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| W HUGH M MORTON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| DENNIS J FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| DONALD G GIUMETTI | CHAIR (AS OF 1/23) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 | $0 | $0 |
| HEIDI A KOSTIN | TRUSTEE (UNTIL 4/23) Trustee or director | 1.5 | $0 | $0 | $0 |
| CARMEN F SYLVESTER | VICE CHAIR (AS OF 1/23) Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- CO ACCTNG DEPT 101 PAGE ST, NEW BEDFORD, MA 02740-0000
- In care of
- % DAVID MCCREADY
- Principal officer (990 for 2024)
- DAVID MCCREADY, C/O ACCTNG DEPT 101 PAGE ST, NEW BEDFORD, MA 02740
- Signed the 990
- MICHAEL BUSHELL, EVP FINANCE & CFO
- Phone
- (508) 973-2905
- Website
- WWW.SOUTHCOAST.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
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)
Program accomplishments
- 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.Expenses $11,518,317 · revenue $14,494,995
- SOUTHCOAST ACCOUNTABLE CARE ORGANIZATION - SOUTHCOAST HEALTH SYSTEM, THROUGH ITS INTEREST IN SOUTHCOAST ACCOUNTABLE CARE ORGANIZATION, AIMS TO EXPAND THE DELIVERY OF HEALTHCARE SERVICES WITH A VARIETY OF PUBLIC AND PRIVATE PAYERS AND TO SUPPORT THE REDUCING OF COSTS OF CARE WHILE IMPROVING QUALITY AND PATIENT EXPERIENCE.Expenses $2,309,972 · revenue $4,619,944
- 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.revenue $5,140,496
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-2794625
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2000
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E210)
- Assets (IRS master file)
- $318,051,860
- Income (IRS master file)
- $59,015,487
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $36,690,991 | $17,172,885 | $318,051,860 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $32,172,337 | $17,122,325 | $291,297,834 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $32,430,858 | $15,820,321 | $259,188,481 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $46,115,025 | $18,361,244 | $221,044,071 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2794625).
Questions about SOUTHCOAST HEALTH SYSTEM INC
- What is the EIN of SOUTHCOAST HEALTH SYSTEM INC?
- The employer identification number (EIN) of SOUTHCOAST HEALTH SYSTEM INC is 04-2794625.
- Is SOUTHCOAST HEALTH SYSTEM INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to SOUTHCOAST HEALTH SYSTEM INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SOUTHCOAST HEALTH SYSTEM INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHCOAST HEALTH SYSTEM INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHCOAST HEALTH SYSTEM INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SOUTHCOAST HEALTH SYSTEM INC?
- The 990 for the year ended September 30, 2025 names DAVID MCCREADY.
- Who are the officers and directors of SOUTHCOAST HEALTH SYSTEM INC?
- The 990 for the year ended September 30, 2025 lists 33 people; 0 received compensation from the organization.
- How much revenue does SOUTHCOAST HEALTH SYSTEM INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $36,690,991, expenses of $17,172,885 and total assets of $318,051,860 at year end.
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