Nonprofit · EIN 22-2592333
SOUTHCOAST HOSPITALS GROUP INC
Tax-exempt · NEW BEDFORD, MA 02740
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,381,528,208 | $1,285,336,650 | $96,191,558 | $1,240,071,776 | $480,938,770 | $759,133,006 |
| September 30, 2024 | 990 | $1,203,785,146 | $1,109,586,238 | $94,198,908 | $1,158,657,361 | $457,094,232 | $701,563,129 |
| September 30, 2023 | 990 | $1,121,349,892 | $1,034,147,962 | $87,201,930 | $1,044,672,844 | $447,080,206 | $597,592,638 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $13,379,504
- of which government grants
- $11,121,479
- Program service revenue
- $1,343,683,507
- Investment income
- $20,007,200
- Net rental income
- $301,442
- Net gain from sales of assets
- $9,435,454
- Net income from fundraising events
- -$24,964
- Net income from sales of inventory
- $324,647
- Other revenue
- $4,457,997
Expenses
- Grants and similar amounts paid
- $639,124
- Compensation of officers, directors and key employees
- $8,859,482
- Other salaries and wages
- $451,844,101
- Salaries, compensation and benefits (total)
- $577,664,687
- Professional fundraising fees
- $0
- Legal fees
- $4,820,049
- Accounting fees
- $460,000
- Occupancy
- $21,320,335
- Travel
- $2,109,809
- Depreciation
- $53,441,744
- Program services (functional)
- $1,076,513,277
- Management and general (functional)
- $207,025,562
- Fundraising (functional)
- $1,797,811
Balance sheet and other
- Total assets, start of year
- $1,158,657,361
- Total assets, end of year
- $1,240,071,776
- Total liabilities, end of year
- $480,938,770
- Net assets, end of year
- $759,133,006
- Land, buildings and equipment
- $315,959,921
- Publicly traded securities
- $468,026,366
- Net assets without donor restrictions
- $655,336,034
- Net assets with donor restrictions
- $103,796,972
- Gross unrelated business income
- $242,362
- Gross receipts
- $1,429,696,017
- Employees
- 6,806
- Volunteers
- 152
- 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 | 17.5 | $1,594,229 | $0 | $204,389 |
| RENEE CLARK ASST CLERK UNTIL | 12/24)/CLERK (AT 1/25)/EVP COO Officer | 26.5 | $1,221,168 | $0 | $203,192 |
| RAYFORD KRUGER | FORMER PRESIDENT & CEO Former | 0 | $1,316,776 | $0 | $32,290 |
| WADE BROUGHMAN | TREASURER, EVP FIN/CFO (UNTIL 12/24) Officer | 47.5 | $1,093,225 | $0 | $40,272 |
| JAMES FEEN | SVP - CHIEF DIGITAL INFO OFFICER Key employee | 3 | $818,186 | $0 | $143,633 |
| LAUREN DESIMON JOHNSON | SVP/CHRO Key employee | 18 | $670,806 | $0 | $140,243 |
| STEPHEN CANESSA | SVP EXTERNAL AFFAIRS CCO Key employee | 50 | $653,757 | $0 | $132,617 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $678,729 | $39,148 |
| JAQUELINE SOMERVILLE | SVP/CNO Key employee | 60 | $577,848 | $0 | $40,980 |
| MARK CALE | CFO SHG & SVP FIN SHS (UNTIL 9/25) Key employee | 60 | $549,024 | $0 | $50,622 |
| PATRICIA BUIOCCHI | SVP POST ACUTE SERVICES (UNTIL 7/25) Highest-paid employee | 30 | $532,144 | $0 | $25,870 |
| STEPHEN PIRES | SVP, INSURANCE RISK MGMT (UNTIL 2/25) Highest-paid employee | 60 | $460,963 | $0 | $40,980 |
| JADENE ELDEN | VP REVENUE CYCLE Highest-paid employee | 40 | $352,759 | $0 | $21,926 |
| MATTHEW SHAW | ED - CHIEF INFO SECURITY OFFICER Highest-paid employee | 60 | $338,016 | $0 | $21,949 |
| CHARLES E CUSSON JR | VP ORG CAPTLY AND TALENT MANAGEMENT Highest-paid employee | 12 | $290,276 | $0 | $30,436 |
18 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TONYA JOHNSON | SVP & COO (UNTIL 6/28/24) Key employee | 0 | $226,322 | $37,346 |
| MICHAEL BUSHELL | TREASURER (AS OF 1/25), EVP FIN/CFO Officer | 17.5 | $174,309 | $30,055 |
| ANIL SHUKLA MD | TRUSTEE (AS OF 1/2025) Trustee or director | 9.5 | $175,279 | $0 |
| JOHN MUNGOVAN MD | TRUSTEE (UNTIL 12/2024) Trustee or director | 12.5 | $151,995 | $0 |
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $115,000 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 2.5 | $6,600 | $0 |
| CARMEN F SYLVESTER | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE, CLERK (UNTIL 12/2024) Trustee or director, Officer | 2.5 | $0 | $0 |
| DONALD GIUMETTI | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| DENNIS FUSCO | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| ELIZABETH HUIDEKOPER | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| HELENA DASILVA HUGHES | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| JASON RUA | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| JAY S SCHACHNE MD | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| JONATHAN L ROUNDS | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| JUDGE PHILLIP RAPOZA | TRUSTEE (AS OF 1/2025) Trustee or director | 1.5 | $0 | $0 |
| LOUIS CABRAL | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
| W HUGH MORTON | TRUSTEE Trustee or director | 1.5 | $0 | $0 |
990 for the year ended September 30, 2024: 32 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $1,615,731 | $0 | $0 |
| RAYFORD KRUGER MD | PRESIDENT & CEO (UNTIL 1/3/24) Trustee or director, Officer | 41.5 | $1,300,999 | $0 | $310,295 |
| RENEE CLARK | ASSISTANT CLERK/ EVP COO Officer | 32.5 | $1,121,185 | $0 | $191,393 |
| WADE BROUGHMAN | TREASURER OF BOARD/ EVP FIN/CFO Officer | 47.5 | $1,155,114 | $0 | $39,095 |
| JAMES FEEN | SVP/CHIEF DIGITAL INFO OFFICER Key employee | 60 | $730,092 | $0 | $128,488 |
| STEPHEN CANESSA | SVP EXTERNAL AFFAIRS CCO Key employee | 60 | $649,312 | $0 | $129,116 |
| LAUREN DESIMON JOHNSON | SVP/ CHRO Key employee | 60 | $631,866 | $0 | $123,527 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $681,207 | $42,323 |
| JAQUELINE SOMERVILLE | SVP/CNO Key employee | 60 | $598,109 | $0 | $39,095 |
| TONYA JOHNSON | SVP & COO (UNTIL 6/28/24) Key employee | 60 | $510,488 | $0 | $103,448 |
| STEPHEN PIRES | SVP, INSURANCE RISK MANAGEMENT Highest-paid employee | 60 | $550,814 | $0 | $39,095 |
| MARK CALE | CFO SHG & SVP FINANCE SHS Key employee | 60 | $507,344 | $0 | $26,609 |
| PATRICIA BUIOCCHI | SVP POST ACUTE SERVICES Highest-paid employee | 30 | $468,274 | $0 | $678 |
| PHILIP OLIVEIRA | VP SUPPLY CHAIN STRAT & LOGIST Highest-paid employee | 60 | $344,145 | $0 | $38,595 |
| DAVID MCCREADY | EX-OFFICIO, PRES & CEO (FROM 1/24) Trustee or director, Officer | 17.5 | $317,489 | $0 | $51,283 |
| JADENE ELDEN | VP REVENUE CYCLE Highest-paid employee | 60 | $346,803 | $0 | $20,478 |
| CHARLES E CUSSON JR | VP ORG CAPTLY AND TALENT MANAGEMENT Highest-paid employee | 60 | $262,119 | $0 | $18,668 |
| JOHN MUNGOVAN MD | TRUSTEE (AS OF 1/1/24) Trustee or director | 13.5 | $143,702 | $0 | $0 |
| ROBERT RONAN MD | TRUSTEE (UNTIL 12/31/2023) Trustee or director | 3.5 | $37,639 | $0 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $3,858 | $0 | $0 |
| CARMEN F SYLVESTER | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| CHRISTOPHER HODGSON | TRUSTEE, CLERK (AS OF 1/1/2024) 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 12/31/2023) 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: 32 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| KEITH HOVAN | FORMER PRESIDENT & CEO Former | 0 | $4,459,953 | $0 | $40,207 |
| RAYFORD S KRUGER MD | PRESIDENT & CEO Trustee or director, Officer | 41.5 | $1,176,752 | $576,097 | $239,631 |
| RENEE CLARK | EVP/COO (SHG)/ ASST. CLERK Officer | 32.5 | $1,020,008 | $0 | $152,359 |
| WADE BROUGHMAN | EVP FIN/CFO & Treasurer Officer | 47.5 | $1,027,327 | $0 | $36,160 |
| STEPHEN CANESSA | SVP CHIEF BRAND STRATEGY OFFCR Key employee | 60 | $619,738 | $0 | $110,565 |
| ILANA FEINERMAN MD | TRUSTEE Trustee or director | 1.5 | $0 | $666,673 | $39,194 |
| JAMES FEEN | SVP/CIO Key employee | 60 | $585,138 | $0 | $115,367 |
| LAUREN DESIMON JOHNSON | SVP/ CHRO Key employee | 60 | $572,705 | $0 | $107,419 |
| JAQUELINE SOMERVILLE | SVP/CNO Key employee | 60 | $546,660 | $0 | $46,305 |
| MARK CALE | CFO SHG & SVP FINANCE SHS Key employee | 60 | $509,298 | $0 | $21,346 |
| ANA LAUS | TRUSTEE (UNTIL 12/2022) Trustee or director | 1.5 | $0 | $446,403 | $18,359 |
| STEPHEN PIRES | SVP INSURANCE & RISK MGMT Highest-paid employee | 60 | $427,235 | $0 | $36,160 |
| TONYA JOHNSON | SVP & COO Key employee | 60 | $413,179 | $0 | $39,680 |
| MARK LACOMBE | DIRECTOR IT ENG SYST NETWORK Highest-paid employee | 60 | $328,125 | $0 | $32,460 |
| PATRICIA BUIOCCHI | SVP POST ACUTE CARE NETWORK Highest-paid employee | 15 | $344,974 | $0 | $771 |
| JADENE ELDEN | VP REVENUE CYCLE Highest-paid employee | 60 | $325,103 | $0 | $13,663 |
| CHARLES E CUSSON JR | ED TALENT MGMT AND ORG CAPTLY Highest-paid employee | 60 | $327,965 | $0 | $5,940 |
| ROBERT RONAN MD | TRUSTEE (AS OF 1/23) Trustee or director | 3.5 | $27,900 | $0 | $0 |
| SALMAN BASHIR MD | TRUSTEE Trustee or director | 1.5 | $5,138 | $0 | $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)TRUSTEE(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 | VICE CHAIR(12/22)/CHAIR(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)
- 101 PAGE ST, NEW BEDFORD, MA 02740-3464
- In care of
- % ACCT DEPT
- Principal officer (990 for 2024)
- DAVID MCCREADY, 101 PAGE STREET, NEW BEDFORD, MA 02740
- Signed the 990
- MICHAEL BUSHELL, EVP FINANCE & CFO
- Phone
- (508) 961-5000
- Website
- WWW.SOUTHCOAST.ORG
- Return prepared by
- DELOITTE TAX LLP
Mission
TO PROMOTE THE OPTIMAL HEALTH AND WELL-BEING OF THE INDIVIDUALS AND FAMILIES IN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP (SHG). (SEE SCHEDULE O)
Program accomplishments
- SOUTHCOAST PROVIDES INPATIENT AND OUTPATIENT HEALTH CARE SERVICES TO IMPROVE THE HEALTH AND WELLNESS OF INDIVIDUALS ACROSS ITS COMMUNITIES. DURING FISCAL YEAR 2025, SOUTHCOAST RECORDED 198,064 INPATIENT DAYS; PERFORMED 18,228 SURGERIES AND 14,241 ENDOSCOPIES; PROVIDED 3,781,114 LABORATORY TESTS; AND COMPLETED 513,576 RADIOLOGICAL PROCEDURES AND 245,804 PHYSICAL MEDICINE VISITS. SOUTHCOAST ALSO PERFORMED 789 PCI CORONARY INTERVENTIONS, 2,352 DIAGNOSTIC CATHETERIZATIONS, 375 OPEN-HEART SURGERIES, 2,149 ELECTROPHYSIOLOGY CASES, AND 833 CORONARY DEVICE IMPLANTS, WHILE CARING FOR 2,912 NEWBORN ADMISSIONS. IN ADDITION, SOUTHCOAST DELIVERED 43,527 RADIATION AND MEDICAL CHEMOTHERAPY TREATMENTS AND PROVIDED 24/7 EMERGENCY CARE TO 169,070 PATIENTS, REGARDLESS OF THEIR ABILITY TO PAY.Expenses $1,076,513,277 · grants $639,124 · revenue $1,339,257,015
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
- 22-2592333
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Hospital or medical research organization
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E200)
- Assets (IRS master file)
- $1,240,071,776
- Income (IRS master file)
- $1,429,696,017
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,381,528,208 | $1,285,336,650 | $1,240,071,776 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $1,203,785,146 | $1,109,586,238 | $1,158,657,361 | XML |
| 990 | September 2023 | $1,121,349,892 | $1,034,147,962 | $1,044,672,844 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $1,019,838,643 | $980,973,163 | $991,182,909 | 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 22-2592333).
Questions about SOUTHCOAST HOSPITALS GROUP INC
- What is the EIN of SOUTHCOAST HOSPITALS GROUP INC?
- The employer identification number (EIN) of SOUTHCOAST HOSPITALS GROUP INC is 22-2592333.
- Is SOUTHCOAST HOSPITALS GROUP INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to SOUTHCOAST HOSPITALS GROUP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHCOAST HOSPITALS GROUP 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 HOSPITALS GROUP 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 HOSPITALS GROUP 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 HOSPITALS GROUP INC?
- The 990 for the year ended September 30, 2025 names DAVID MCCREADY.
- Who are the officers and directors of SOUTHCOAST HOSPITALS GROUP INC?
- The 990 for the year ended September 30, 2025 lists 33 people; 20 received compensation from the organization, the highest $1,594,229 (DAVID MCCREADY, EX-OFFICIO, PRESIDENT & CEO).
- How much revenue does SOUTHCOAST HOSPITALS GROUP INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,381,528,208, expenses of $1,285,336,650 and total assets of $1,240,071,776 at year end.
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