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Nonprofiteer
← SOUTHCOAST LONG-TERM CARE SERVICES INC

Form 990 for tax year 2023

Filed by SOUTHCOAST LONG-TERM CARE SERVICES INC.

Totals

Total revenue
$261,809
Total expenses
$7,197
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$261,809
Other revenue
$0
Total assets, end of year
$8,969,539
Total liabilities, end of year
$559,047
Net assets or fund balances, end of year
$8,410,492
Program services expenses (Part IX)
$0
Management and general expenses
$7,197
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $172,591 · related or exempt $0 · unrelated business $0 · excluded $172,591

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $1,579,791 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $1,490,573 · other assets $0

  • 7c · Gain or loss

    securities $89,218 · other assets $0

  • 7d · Net gain or loss

    total $89,218 · related or exempt $0 · unrelated business $0 · excluded $89,218

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 10 · Payroll taxes

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $7,080 · program services $0 · management and general $7,080 · fundraising $0

  • 11g · Fees: other

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: OTHER FEES

    total $117 · program services $0 · management and general $117 · fundraising $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $125,366 · end of year $51,810

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $6,371,222 · end of year $7,787,480

  • 12 · Investments: other securities

    beginning of year $577,650 · end of year $571,249

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $559,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $0

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $73,499 · end of year $559,047

  • 27 · Net assets without donor restrictions

    beginning of year $7,000,739 · end of year $8,410,492

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SUPPORT NON PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP INC. AND ITS NON PROFIT AFFILIATES IN AN EFFORT TO IMPROVE PUBLIC HEALTH IN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP INC.

  • SUPPORTING NON PROFIT AFFILIATE SOUTHCOAST HOSPITALS GROUP INC. AND ITS NON PROFIT AFFILIATES IN AN EFFORT TO IMPROVE PUBLIC HEALTH IN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP INC.

As filed on the 2023 return.

Listed in Part VII

  • KEITH HOVAN

    FORMER PRESIDENT & CEO

    Total calculated
    $1,615,731
    From this org
    $0
    From related orgs
    $1,615,731
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,615,731 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,615,731 related

  • RAYFORD KRUGER MD

    PRESIDENT & CEO, EX-OFFICIO (UNTIL 1/2024)

    Total calculated
    $1,611,295
    From this org
    $0
    From related orgs
    $1,300,999
    Other
    $310,296
    Hours/week
    2.5 + 72.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,291,999 related
    Bonus
    $0
    Other
    $0 + $9,000 related
    Deferred
    $0 + $291,000 related
    Nontaxable benefits
    $0 + $19,295 related
    Filer's total
    $0 + $1,611,294 related

  • RENEE CLARK

    EVP & COO SHG/ FORMER ASST CLERK

    Total calculated
    $1,312,579
    From this org
    $0
    From related orgs
    $1,121,185
    Other
    $191,394
    Hours/week
    0 + 72.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $740,190 related
    Bonus
    $0 + $242,200 related
    Other
    $0 + $138,795 related
    Deferred
    $0 + $168,243 related
    Nontaxable benefits
    $0 + $23,150 related
    Filer's total
    $0 + $1,312,578 related

  • WADE BROUGHMAN

    TREASURER/EVP FIN & CFO SHS

    Total calculated
    $1,194,210
    From this org
    $0
    From related orgs
    $1,155,114
    Other
    $39,096
    Hours/week
    2.5 + 72.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $743,502 related
    Bonus
    $0 + $242,200 related
    Other
    $0 + $169,412 related
    Deferred
    $0 + $19,800 related
    Nontaxable benefits
    $0 + $19,295 related
    Filer's total
    $0 + $1,194,209 related

  • DAVID MCCREADY

    EX-OFFICIO, PRESIDENT & CEO (AS OF 1/2024)

    Total calculated
    $368,772
    From this org
    $0
    From related orgs
    $317,489
    Other
    $51,283
    Hours/week
    3.5 + 70.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,244 related
    Bonus
    $0
    Other
    $0 + $21,245 related
    Deferred
    $0 + $45,370 related
    Nontaxable benefits
    $0 + $5,913 related
    Filer's total
    $0 + $368,772 related

  • LOUIS CABRAL

    SECRETARY/CLERK

    Total calculated
    $0
    Hours/week
    2.5 + 6 related

  • DONALD GIUMETTI

    CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 12.5 related

  • JASON RUA

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2.5 + 7 related

  • ANDREA GREENWOOD-SYRON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I
OFFICERS, DIRECTORS, AND TRUSTEES OF SOUTHCOAST LONG TERM CARE SERVICES (SLTCS) RECEIVE NO COMPENSATION FOR THEIR ROLES IN THESE CAPACITIES. OFFICERS, DIRECTORS, AND TRUSTEES (BOTH CURRENT AND FORMER) WITH REPORTABLE COMPENSATION ARE COMPENDATED BY THE RELATED ORGANIZATION SOUTHCOAST HOSPITALS GROUP, INC. (SHG) FOR SERVICES RENDERED OR AS PART OF A DEFERRED COMPENSATION ARRANGEMENT.
Schedule J, Part I, Line 3
SLTCS RELIED ON AFFILIATE SHG, A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION FOR THE PRESIDENT. SHG CHECKED THE FOLLOWING BOXES WHICH WERE USED TO ESTABLISH COMPENSATION OF THE PRESIDENT: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4
LINE 4A: KEITH HOVAN RECEIVED A SEVERANCE PAYMENT OF $1,615,731 (NET OF WITHHOLDINGS) FROM RELATED ENTITY SOUTHCOAST HOSPITALS GROUP, INC. LINE 4B: OFFICERS, DIRECTORS, AND TRUSTEES WHO ARE EMPLOYEES OF SOUTHCOAST PARTICIPATE IN SOUTHCOAST'S 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. CONTRIBUTION CREDITS UNDER THE PLAN ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (C). ONLY UPON TERMINATION OF EMPLOYMENT DO FULLY VESTED PARTICIPANTS RECEIVE DISTRIBUTIONS FROM THE PLAN. CONTRIBUTIONS VEST THE EARLIER OF JULY 1 OF THE THIRD CALENDAR YEAR FOLLOWING THE CALENDAR YEAR IN WHICH THE CONTRIBUTION CREDIT IS MADE, UPON REACHING AGE 62, DEATH, DISABILITY, OR INVOLUNTARY SEPARATION. THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN (B)(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES THE VESTED PORTION OF CONTRIBUTIONS MADE TO THE PLAN WHICH ARE NO LONGER SUBJECT TO THE RISK OF FORFEITURE. (1) RENEE CLARK $124,038, (2) WADE BROUGHMAN $148,443.
Schedule J, Part I, Line 7
RELATED ORG SHG - THE SOUTHCOAST HEALTH SYSTEM EXECUTIVE COMPENSATION PLAN (THE PLAN) ESTABLISHED 10/15/2008, AND UPDATED FROM TIME TO TIME, IS GOVERNED BY THE COMPENSATION COMMITTEE (THE COMMITTEE) OF THE BOARD OF TRUSTEES (BOARD) OF SOUTHCOAST HEALTH SYSTEM. THE PLAN OUTLINES GOALS, ADMINISTRATION, ELIGIBILITY, PARTICIPATION, PERFORMANCE MEASUREMENT, AND PLAN FUNDING. LUMP SUM CASH AWARDS ARE EARNED BY DESIGNATED EXECUTIVES AT SPECIFIC TARGET LEVELS BASED ON JOB LEVEL: BOTH AWARD AMOUNTS PAID AND ELIGIBILITY ARE DETERMINED SOLELY AT THE BOARD'S DISCRETION. THE PLAN REMAINS IN EFFECT AT THE DISCRETION AND JUDGEMENT OF THE COMMITTEE.
Schedule J, Part II
OFFICERS, DIRECTORS, AND KEY EMPLOYEES WHO ARE EMPLOYEES OF SOUTHCOAST PARTICIPATE IN SOUTHCOAST'S 457(F) SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. PRIOR YEAR CONTRIBUTION CREDITS INCLUDED AS DEFERRED IN A PRIOR YEAR AND AS W-2 COMPENSATION IN THE CURRENT YEAR ARE INCLUDED IN SCHEDULE J, PART, II, COLUMN (F). ONLY UPON TERMINATIONS OF EMPLOYMENT DO FULLY VESTED PARTICIPANTS RECEIVE DISTRIBUTIONS FROM THE PLAN. CONTRIBUTIONS VEST THE EARLIER OF: JULY 1 OF THE 3RD CALENDAR YEAR FOLLOWING THE CALENDAR YEAR IN WHICH THE CONTRIBUTION CREDIT IS MADE; UPON REACHING AGE 62; DEATH; DISABILITY; OR INVOLUNTARY SEPARATION. THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN F FOR THE FOLLOWING INDIVIDUALS INCLUDES THE ORIGINAL CONTRIBUTION CREDITS MADE TO THE PLAN WHICH ARE NO LONGER SUBJECT TO THE RISK OF FORFEITURE. RENEE CLARK $120,300

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • COASTLINE PROFESSIONAL ASSURANCE CORP LTD

    C · INSURANCE · CJ · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SOUTHCOAST HEALTH SYSTEM INC

  • HEALTH MANAGEMENT INITIATIVES INC

    C · COMM. RENT · MA · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SOUTHCOAST HEALTH SYSTEM INC

  • SAME DAY SURGICARE OF NE INC

    S · MEDICAL SERVICES · MA · 0% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by SOUTHCOAST HEALTH SURGICAL HOLDINGS LLC

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202512259349302271

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