Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NET PATIENT SVCS. REV

  total $13,665,041 · related or exempt $13,665,041

• 2b · Program service revenue: OCCUPATIONAL HLTH. SVC

  total $295,832 · related or exempt $295,832

• 11a · Other revenue: MACRA

  total $24,287 · related or exempt $24,287

• 11b · Other revenue: MEDICAL RECORD INCOME

  total $4,861 · related or exempt $4,861

• 11e · Other revenue, total

  $29,148

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $6,777,655 · program services $5,412,786 · management and general $1,364,869

• 9 · Other employee benefits

  total $1,647,842 · program services $1,316,003 · management and general $331,839

• 11g · Fees: other

  total $981,902 · program services $269,674 · management and general $712,228

• 12 · Advertising and promotion

  total $17,142 · management and general $17,142

• 13 · Office expenses

  total $679,497 · program services $20,965 · management and general $658,532

• 14 · Information technology

  total $462,125 · management and general $462,125

• 16 · Occupancy

  total $745,220 · program services $565,331 · management and general $179,889

• 17 · Travel

  total $1,588 · management and general $1,588

• 19 · Conferences, conventions and meetings

  total $9,233 · program services $9,233

• 20 · Interest

  total $1,913,002 · management and general $1,913,002

• 22 · Depreciation, depletion and amortization

  total $1,073,927 · program services $166,572 · management and general $907,355

• 23 · Insurance

  total $90,765 · program services $66,926 · management and general $23,839

• 24a · Other expenses: MEDICAL SUPPLIES

  total $2,153,735 · program services $2,153,735

• 24b · Other expenses: WASTE DISPOSAL

  total $28,813 · program services $12,425 · management and general $16,388

• 24c · Other expenses: REPAIRS

  total $26,343 · program services $26,343

• 24d · Other expenses: DUES

  total $10,947 · management and general $10,947

• 24e · All other expenses

  total $23,662 · program services $8,809 · management and general $14,853

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,194,602 · end of year $5,649,498

• 4 · Accounts receivable

  beginning of year $1,358,958 · end of year $1,597,129

• 8 · Inventories for sale or use

  beginning of year $174,921 · end of year $234,015

• 9 · Prepaid expenses and deferred charges

  beginning of year $202,862 · end of year $171,141

• 10a · Land, buildings and equipment: cost or other basis

  $2,673,164

• 10b · Land, buildings and equipment: accumulated depreciation

  $2,019,884

• 10c · Land, buildings and equipment, net

  beginning of year $655,940 · end of year $653,280

• 11 · Investments: publicly traded securities

  beginning of year $165,677 · end of year $231,900

• 14 · Intangible assets

  beginning of year $6,867,102 · end of year $3,780,645

• 15 · Other assets

  beginning of year $17,562 · end of year $1,908,981

• 17 · Accounts payable and accrued expenses

  beginning of year $1,224,453 · end of year $1,023,429

• 22 · Loans and payables to officers and key people

  end of year $2,810,736

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $22,891,773

• 24 · Unsecured notes and loans payable

  beginning of year $0

• 25 · Other liabilities

  beginning of year $32,049,875 · end of year $7,790,732

• 27 · Net assets without donor restrictions

  beginning of year -$17,636,704 · end of year -$20,290,081

The filer's explanations (Part III)

PART I, LINE 3

THE VICE PRESIDENT OF COASTAL MEDICAL ASSOCIATIONS, INC. D/B/A SOUTH SHORE PHYSICIAN AMBULATORY ENTERPRISE, INC. RECEIVES COMPENSATION FOR SERVICES PERFORMED FOR A RELATED ORGANIZATION. THE COMPENSATION COMMITTEE OF SOUTH SHORE HEALTH SYSTEM, A RELATED ORGANIZATION, DETERMINES THE PRESIDENT'S COMPENSATION. THE COMPENSATION COMMITTEE MEETS PERIODICALLY AND ENGAGES AN INDEPENDENT EXTERNAL COMPENSATION CONSULTING FIRM TO ESTABLISH THE COMPENSATION OF KEY SYSTEM EMPLOYEES. THE CONSULTING FIRM DEVELOPS AND PRESENTS ALL MATERIALS INCLUDING MARKET TRENDS, COMPENSATION STUDIES AND SURVEYS, AND ADHERES TO BEST PRACTICE GUIDELINES. THE FINAL RECOMMENDATION FOR COMPENSATION CHANGES IS PRESENTED AND APPROVED BY THE ENTIRE INDEPENDENT COMMUNITY OF THE BOARD OF DIRECTORS.

PART I, LINE 4A

KRISTINE HANSCOM, THE FORMER CFO & TREASURER RECEIVED SEPARATION COMPENSATION IN THE AMOUNT OF $586,000 FROM SOUTH SHORE HOSPITAL, A RELATED ORGANIZATION.

Related corporations and trusts

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

• SOUTH SHORE HEALTH INTEGRATED DELIVERY NETWORK INC

  C · TO DEVELOP & MAINTAIN A NETWORK OF PROVIDERS FOR DELIVERY OF HEALTHCARE SERV · MA