Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

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

  total $76,329,707 · related or exempt $76,329,707

• 2b · Program service revenue: PREMIUM REVENUE

  total $4,269,909 · related or exempt $4,269,909

• 6a · Gross rents

  real property $21,375

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $21,375

• 6d · Net rental income or loss

  total $21,375 · excluded $21,375

• 11a · Other revenue: HOSPITAL SALARY SUPPOR

  total $7,228,260 · related or exempt $7,228,260

• 11b · Other revenue: MACRA MEDICARE PAYMENT

  total $334,434 · related or exempt $334,434

• 11c · Other revenue: BMC HEALTHNET PAYMENTS

  total $290,668 · related or exempt $290,668

• 11d · All other revenue

  total $200,731 · related or exempt $200,731

• 11e · Other revenue, total

  $8,054,093

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $592,362 · program services $592,362

• 7 · Other salaries and wages

  total $56,326,043 · program services $49,317,589 · management and general $7,008,454

• 9 · Other employee benefits

  total $12,187,092 · program services $10,686,476 · management and general $1,500,616

• 11g · Fees: other

  total $1,469,005 · program services $1,047,916 · management and general $421,089

• 12 · Advertising and promotion

  total $25,939 · management and general $25,939

• 13 · Office expenses

  total $8,002,676 · program services $6,634,368 · management and general $1,368,308

• 14 · Information technology

  total $2,579,490 · program services $2,225,955 · management and general $353,535

• 16 · Occupancy

  total $7,153,149 · program services $6,298,384 · management and general $854,765

• 19 · Conferences, conventions and meetings

  total $193,961 · program services $193,757 · management and general $204

• 22 · Depreciation, depletion and amortization

  total $1,195,925 · program services $1,035,268 · management and general $160,657

• 23 · Insurance

  total $1,225,693 · program services $1,122,608 · management and general $103,085

• 24a · Other expenses: DRUGS & MED. SUPPLIES

  total $5,181,381 · program services $5,181,381

• 24b · Other expenses: DUES

  total $330,828 · management and general $330,828

• 24c · Other expenses: EQUIP. MAINT. CONTRACT

  total $218,225 · program services $218,225

• 24d · Other expenses: ANSWERING SERVICE

  total $98,829 · program services $44,292 · management and general $54,537

• 24e · All other expenses

  total $186,348 · program services $123,747 · management and general $62,601

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,209,933 · end of year $5,984,918

• 4 · Accounts receivable

  beginning of year $4,098,821 · end of year $5,310,531

• 8 · Inventories for sale or use

  beginning of year $412,190 · end of year $738,981

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,344,420 · end of year $1,312,021

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

  $15,153,238

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

  $10,140,371

• 10c · Land, buildings and equipment, net

  beginning of year $5,315,814 · end of year $5,012,867

• 11 · Investments: publicly traded securities

  beginning of year $5,656,155 · end of year $5,794,049

• 14 · Intangible assets

  beginning of year $0

• 15 · Other assets

  beginning of year $37,016,120 · end of year $35,668,875

• 17 · Accounts payable and accrued expenses

  beginning of year $8,613,656 · end of year $7,404,515

• 19 · Deferred revenue

  beginning of year $4,011 · end of year $4,011

• 25 · Other liabilities

  beginning of year $42,854,641 · end of year $55,124,433

• 27 · Net assets without donor restrictions

  beginning of year $5,581,145 · end of year -$2,710,717

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT OF AMBULATORY CARE 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

MICHAEL KAPLAN RECEIVED A SEVERANCE PAYMENT DURING THE YEAR IN THE TOTAL AMOUNT OF $175,046

PART I, LINE 7

THE NON-FIXED PAYMENTS PROVIDED CONSIST OF STIPENDS.

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 · controlled entity