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← COASTAL MEDICAL ASSOCIATES INC

Form 990 for tax year 2022

Filed by COASTAL MEDICAL ASSOCIATES INC.

Totals

Total revenue
$8,906,259
Total expenses
$8,906,259
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,748,062
Investment income
$0
Other revenue
$3,158,197
Total assets, end of year
$3,807,113
Total liabilities, end of year
$3,485,067
Net assets or fund balances, end of year
$322,046
Program services expenses (Part IX)
$7,439,754
Management and general expenses
$1,466,505
Fundraising expenses
$0
Program service expenses (Part III)
$7,439,754

Program services were 83.5% 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.

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

    total $5,201,298 · related or exempt $5,201,298

  • 2b · Program service revenue: CLINICIAN REIMB. REV.

    total $546,764 · related or exempt $546,764

  • 11a · Other revenue: SVCS. WITH AFFILIATES

    total $3,062,271 · related or exempt $3,062,271

  • 11b · Other revenue: LEASED SERVICES

    total $91,518 · related or exempt $91,518

  • 11c · Other revenue: PHYSICIAN PERF. INCOME

    total $3,840 · related or exempt $3,840

  • 11d · All other revenue

    total $568 · related or exempt $568

  • 11e · Other revenue, total

    $3,158,197

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $4,737,065 · program services $4,647,701 · management and general $89,364

  • 9 · Other employee benefits

    total $1,445,839 · program services $1,426,856 · management and general $18,983

  • 11g · Fees: other

    total $951,546 · program services $951,251 · management and general $295

  • 13 · Office expenses

    total $127,864 · management and general $127,864

  • 14 · Information technology

    total $398,857 · management and general $398,857

  • 16 · Occupancy

    total $155,885 · management and general $155,885

  • 22 · Depreciation, depletion and amortization

    total $4,513 · program services $4,513

  • 23 · Insurance

    total $234,703 · program services $234,703

  • 24a · Other expenses: ALLOCATED MGMT EXPENSES

    total $614,543 · management and general $614,543

  • 24b · Other expenses: DUES

    total $66,824 · management and general $66,824

  • 24c · Other expenses: EDUCATION

    total $53,198 · program services $53,198

  • 24d · Other expenses: MISCELLANEOUS

    total $42,931 · program services $55,909 · management and general -$12,978

  • 24e · All other expenses

    total $72,491 · program services $65,623 · management and general $6,868

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,433,906 · end of year $2,509,261

  • 4 · Accounts receivable

    beginning of year $292,778 · end of year $244,803

  • 9 · Prepaid expenses and deferred charges

    beginning of year $175,400 · end of year $178,325

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

    $793,868

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

    $784,817

  • 10c · Land, buildings and equipment, net

    beginning of year $13,564 · end of year $9,051

  • 11 · Investments: publicly traded securities

    beginning of year $75,489 · end of year $53,254

  • 14 · Intangible assets

    beginning of year $522,389 · end of year $383,713

  • 15 · Other assets

    beginning of year $543,487 · end of year $428,706

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,258,596 · end of year $971,267

  • 25 · Other liabilities

    beginning of year $4,476,371 · end of year $2,513,800

  • 27 · Net assets without donor restrictions

    beginning of year $322,046 · end of year $322,046

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

COASTAL MEDICAL ASSOCIATES PROVIDES SPECIALTY CARE PHYSICIANS TO SOUTH SHORE HOSPITAL, SOUTH SHORE MEDICAL CENTER, AND SOUTH SHORE HEALTH EXPRESS, RELATED ORGANIZATIONS. IN ADDITION, COASTAL MEDICAL ASSOCIATES D/B/A SOUTH SHORE PHYSICIAN AMBULATORY ENTERPRISE (SSPAE) ORGANIZES, COORDINATES AND INTEGRATES PHYSICIANS, ADVANCED PRACTICE CLINICIANS AND OTHER AMBULATORY CARE PROVIDERS INTO A BROADER SYSTEM OF HEALTH CARE FOR THE BENEFIT OF THE COMMUNITIES SERVED BY SOUTH SHORE HOSPITAL AND ITS AFFILIATES.

Activities or mission (Part I)

COASTAL MEDICAL ASSOCIATES D/B/A SOUTH SHORE PHYSICIAN AMBULATORY ENTERPRISE (SSPAE) ORGANIZES, COORDINATES AND INTEGRATES PHYSICIANS, ADVANCED PRACTICE CLINICIANS AND OTHER AMBULATORY CARE PROVIDERS INTO A BROADER SYSTEM OF HEALTH CARE FOR THE BENEFIT OF THE COMMUNITIES SERVED BY SOUTH SHORE HOSPITAL AND ITS AFFILIATES.

  • MEDICAL SPECIALTIES PROGRAMS: PROVIDES SPECIALIZED AMBULATORY MEDICAL CARE AND RELATED HEALTH CARE SERVICES IN THE FURTHERANCE OF THE CHARITABLE PURPOSES OF SOUTH SHORE HOSPITAL, AND ENGAGES IN RESEARCH AND EDUCATION RELATED TO THE ABOVE.

    Expenses $7,439,754 · Revenue $8,906,259

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Allen Smith MD

    PRESIDENT & CEO

    Total calculated
    $1,128,299
    From this org
    $0
    From related orgs
    $944,596
    Other
    $183,703
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $872,900 related
    Bonus
    $0 + $65,025 related
    Other
    $0 + $6,671 related
    Deferred
    $0 + $159,150 related
    Nontaxable benefits
    $0 + $24,553 related
    Filer's total
    $0 + $1,128,299 related

  • Kimberly Dever MD

    DIRECTOR, CHIEF OB/GYN

    Total calculated
    $799,853
    From this org
    $0
    From related orgs
    $760,671
    Other
    $39,182
    Hours/week
    1 + 42.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $629,868 related
    Bonus
    $0 + $73,395 related
    Other
    $0 + $57,408 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $30,032 related
    Filer's total
    $0 + $799,853 related

  • Justin Campbell

    DIRECTOR

    Total calculated
    $181,000
    From this org
    $0
    From related orgs
    $181,000
    Other
    $0
    Hours/week
    1 + 3.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $181,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $181,000 related

  • Bradford Sampson

    DIRECTOR

    Total calculated
    $82,000
    From this org
    $0
    From related orgs
    $82,000
    Other
    $0
    Hours/week
    1 + 3.5 related

  • Michael Ayers MD

    DIRECTOR

    Total calculated
    $73,333
    From this org
    $0
    From related orgs
    $73,333
    Other
    $0
    Hours/week
    1 + 4.5 related

  • Pamela O'Leary

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Thomas McCarthy

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Alan McKim

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Christopher Oddleifson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Ellen Essenfeld

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Helen Garvey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Linda Thompson MPH Drph RN Faan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Lisa Walsh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Michael Sheehan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Pamela Whelton

    DIRECTOR AS OF 1/1/22

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Paul Wantanabe PhD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Paula L Becker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3.5 related

  • Joseph R Driscoll Esq

    SECRETARY

    Total calculated
    $466,983
    From this org
    $0
    From related orgs
    $433,280
    Other
    $33,703
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $413,606 related
    Bonus
    $0 + $12,351 related
    Other
    $0 + $7,323 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $24,553 related
    Filer's total
    $0 + $466,983 related

  • Kristine Hanscom CPA Mst Cgma

    TREAS. & CFO 6/14/22 THRU 5/31/23

    Total calculated
    $348,036
    From this org
    $0
    From related orgs
    $329,597
    Other
    $18,439
    Hours/week
    1 + 43.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $296,902 related
    Bonus
    $0 + $30,750 related
    Other
    $0 + $1,945 related
    Deferred
    $0 + $9,150 related
    Nontaxable benefits
    $0 + $9,289 related
    Filer's total
    $0 + $348,036 related

  • Stephen Jenney

    INT. CFO & TREAS. AS OF 6/1/23

    Total calculated
    $0
    Hours/week
    1 + 43.5 related

  • Jason Rahal MD

    PHYSICIAN

    Total calculated
    $650,838
    From this org
    $622,031
    From related orgs
    $0
    Other
    $28,807
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $621,095
    Bonus
    $225
    Other
    $711
    Deferred
    $9,150
    Nontaxable benefits
    $19,657
    Filer's total
    $650,838

  • Katie Wakeley MD

    PHYSICIAN

    Total calculated
    $580,286
    From this org
    $553,570
    From related orgs
    $0
    Other
    $26,716
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $551,638
    Bonus
    $0
    Other
    $1,932
    Deferred
    $9,150
    Nontaxable benefits
    $17,566
    Filer's total
    $580,286

  • Stephen Johnson MD

    PHYSICIAN

    Total calculated
    $571,454
    From this org
    $552,407
    From related orgs
    $0
    Other
    $19,047
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $497,523
    Bonus
    $49,550
    Other
    $5,334
    Deferred
    $9,150
    Nontaxable benefits
    $9,897
    Filer's total
    $571,454

  • Thomas Baer MD

    PHYSICIAN

    Total calculated
    $389,230
    From this org
    $361,509
    From related orgs
    $0
    Other
    $27,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $285,223
    Bonus
    $72,516
    Other
    $3,770
    Deferred
    $9,150
    Nontaxable benefits
    $18,571
    Filer's total
    $389,230

  • Thomas Lyons MD

    PHYSICIAN

    Total calculated
    $375,908
    From this org
    $348,187
    From related orgs
    $0
    Other
    $27,721
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $283,540
    Bonus
    $30,225
    Other
    $34,422
    Deferred
    $9,150
    Nontaxable benefits
    $18,571
    Filer's total
    $375,908

  • Mary Shaughnessy

    FORMER TREAS. & CFO THRU 6/13/22

    Total calculated
    $499,538
    From this org
    $0
    From related orgs
    $499,538
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $499,538 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $499,538 related

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

  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE PRESIDENT OF AMBULATORY CARE, WHO OVERSEES COASTAL MEDICAL ASSOCIATES AND ITS SUBSIDIARIES, 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 7
THE NON-FIXED PAYMENTS PROVIDED CONSIST OF STIPENDS.

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.

  • SOUTH SHORE HEALTH INTEGRATED DELIVERY NETWORK INC

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

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202432289349302633

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