Form 990 for tax year 2022
Filed by SOUTHCOAST PHYSICIANS GROUP INC.
Totals
- Total revenue
- $277,401,775
- Total expenses
- $350,848,587
- Contributions and grants received
- $866,718
- Grants paid
- $0
- Program service revenue
- $276,486,137
- Investment income
- $7
- Other revenue
- $48,913
- Total assets, end of year
- $152,437,551
- Total liabilities, end of year
- $152,437,551
- Net assets or fund balances, end of year
- $0
- Program services expenses (Part IX)
- $329,150,994
- Management and general expenses
- $21,697,593
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $329,150,994
Program services were 93.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
KEITH HOVAN
FORMER PRESIDENT/CEO
- Total calculated
- $4,500,160
- From this org
- $0
- From related orgs
- $4,459,953
- Other
- $40,207
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0 + $115,000 related
- Bonus
- $0 + $500,000 related
- Other
- $0 + $3,844,953 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $21,907 related
- Filer's total
- $0 + $4,500,160 related
-
RAYFORD S KRUGER MD
PRESIDENT AND EX-OFFICO
- Total calculated
- $1,992,480
- From this org
- $576,097
- From related orgs
- $1,176,752
- Other
- $239,631
- Hours/week
- 14.5 + 60.5 related
Schedule J breakdown matched by us
- Base
- $62,500 + $780,000 related
- Bonus
- $0 + $387,000 related
- Other
- $513,597 + $9,752 related
- Deferred
- $17,400 + $206,700 related
- Nontaxable benefits
- $8,922 + $6,609 related
- Filer's total
- $602,419 + $1,390,061 related
-
IVAN URITS
PHYSICIAN
- Total calculated
- $1,454,321
- From this org
- $1,447,341
- From related orgs
- $0
- Other
- $6,980
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $1,069,131
- Bonus
- $378,210
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $6,980
- Filer's total
- $1,454,321
-
PETER COHN
PHYSICIAN
- Total calculated
- $1,175,689
- From this org
- $1,050,029
- From related orgs
- $0
- Other
- $125,660
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,001
- Bonus
- $48,100
- Other
- $761,928
- Deferred
- $18,300 + $90,000 related
- Nontaxable benefits
- $17,360
- Filer's total
- $1,085,689 + $90,000 related
-
RICHARD PIN
PHYSICIAN
- Total calculated
- $1,175,609
- From this org
- $1,136,893
- From related orgs
- $0
- Other
- $38,716
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $549,999
- Bonus
- $457,876
- Other
- $129,018
- Deferred
- $17,822
- Nontaxable benefits
- $20,894
- Filer's total
- $1,175,609
-
RENEE CLARK
CLERK/ EVP & COO OF SHG
- Total calculated
- $1,172,367
- From this org
- $0
- From related orgs
- $1,020,008
- Other
- $152,359
- Hours/week
- 32.5 + 42.5 related
Schedule J breakdown matched by us
- Base
- $0 + $751,100 related
- Bonus
- $0 + $150,200 related
- Other
- $0 + $118,708 related
- Deferred
- $0 + $130,965 related
- Nontaxable benefits
- $0 + $21,394 related
- Filer's total
- $0 + $1,172,367 related
-
EDRESS OTHMAN MD
TRUSTEE/PHYSICIAN
- Total calculated
- $1,149,001
- From this org
- $1,109,821
- From related orgs
- $0
- Other
- $39,180
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $772,896
- Bonus
- $237,505
- Other
- $99,420
- Deferred
- $18,286
- Nontaxable benefits
- $20,894
- Filer's total
- $1,149,001
-
MATTHEW PHILLIPS
PHYSICIAN
- Total calculated
- $1,129,409
- From this org
- $1,101,295
- From related orgs
- $0
- Other
- $28,114
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $759,255
- Bonus
- $197,822
- Other
- $144,218
- Deferred
- $7,220
- Nontaxable benefits
- $20,894
- Filer's total
- $1,129,409
-
CHRISTIAN PETRULIO
PHYSICIAN
- Total calculated
- $1,076,435
- From this org
- $1,050,973
- From related orgs
- $0
- Other
- $25,462
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $677,557
- Bonus
- $373,416
- Other
- $0
- Deferred
- $18,300
- Nontaxable benefits
- $7,162
- Filer's total
- $1,076,435
-
WADE BROUGHMAN
TREASURER/EVP FINANCE/ CFO SHS
- Total calculated
- $1,063,487
- From this org
- $0
- From related orgs
- $1,027,327
- Other
- $36,160
- Hours/week
- 14.5 + 60.5 related
Schedule J breakdown matched by us
- Base
- $0 + $751,100 related
- Bonus
- $0 + $150,200 related
- Other
- $0 + $126,027 related
- Deferred
- $0 + $18,300 related
- Nontaxable benefits
- $0 + $17,860 related
- Filer's total
- $0 + $1,063,487 related
-
DANI HACKNER
SVP CCO SHG, PHYS IN CHIEF MED
- Total calculated
- $959,394
- From this org
- $818,950
- From related orgs
- $0
- Other
- $140,444
- Hours/week
- 18 + 42 related
Schedule J breakdown matched by us
- Base
- $658,311
- Bonus
- $160,639
- Other
- $0
- Deferred
- $18,300 + $101,250 related
- Nontaxable benefits
- $20,894
- Filer's total
- $858,144 + $101,250 related
-
DENNIS LAROCK MD
TRUSTEE(AS OF 1/23)/PHYSICIAN
- Total calculated
- $876,672
- From this org
- $842,855
- From related orgs
- $0
- Other
- $33,817
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $574,038
- Bonus
- $5,000
- Other
- $263,817
- Deferred
- $12,923
- Nontaxable benefits
- $20,894
- Filer's total
- $876,672
-
JEFFREY LAWRENCE MD
TRUSTEE/PHYSICIAN
- Total calculated
- $827,631
- From this org
- $726,719
- From related orgs
- $0
- Other
- $100,912
- Hours/week
- 36 + 26.5 related
Schedule J breakdown matched by us
- Base
- $619,747
- Bonus
- $106,972
- Other
- $0
- Deferred
- $0 + $93,750 related
- Nontaxable benefits
- $7,162
- Filer's total
- $733,881 + $93,750 related
-
COURTNEY IVES
VP Care Center Operations
- Total calculated
- $334,562
- From this org
- $0
- From related orgs
- $298,885
- Other
- $35,677
- Hours/week
- 30 + 30 related
Schedule J breakdown matched by us
- Base
- $0 + $264,485 related
- Bonus
- $0 + $34,400 related
- Other
- $0
- Deferred
- $0 + $19,214 related
- Nontaxable benefits
- $0 + $16,463 related
- Filer's total
- $0 + $334,562 related
-
LINDA HEVENOR
VP CLINICAL OPERATIONS
- Total calculated
- $305,234
- From this org
- $0
- From related orgs
- $280,183
- Other
- $25,051
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $0 + $248,783 related
- Bonus
- $0 + $31,400 related
- Other
- $0
- Deferred
- $0 + $16,971 related
- Nontaxable benefits
- $0 + $8,080 related
- Filer's total
- $0 + $305,234 related
-
AARON NOVY
TRUSTEE/PHYSICIAN
- Total calculated
- $226,410
- From this org
- $194,158
- From related orgs
- $0
- Other
- $32,252
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $154,561
- Bonus
- $10,785
- Other
- $28,812
- Deferred
- $10,348
- Nontaxable benefits
- $21,904
- Filer's total
- $226,410
-
SALMAN BASHIR MD
TRUSTEE
- Total calculated
- $5,138
- From this org
- $0
- From related orgs
- $5,138
- Other
- $0
- Hours/week
- 1.5 + 6 related
-
JASON RUA
CHAIR
- Total calculated
- $0
- Hours/week
- 2.5 + 7 related
-
LOUIS CABRAL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5 + 7 related
-
DONALD GIUMETTI
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2.5 + 10 related
-
ELIZABETH HUIDEKOPER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1.5 + 6 related
-
CARMEN F SYLVESTER
TRUSTEE (AS OF 1/23)
- Total calculated
- $0
- Hours/week
- 1.5 + 10 related
-
CHRISTOPHER HODGSON
TRUSTEE (AS OF 1/23)
- Total calculated
- $0
- Hours/week
- 1.5 + 6 related
-
DENNIS FUSCO
TRUSTEE (AS OF 1/23)
- Total calculated
- $0
- Hours/week
- 1.5 + 6 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
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- SPG RELIED ON AFFILIATE SOUTHCOAST HOSPITALS GROUP (SHG), A RELATED ORGANIZATION, TO ESTABLISH THE COMPENSATION FOR THE SPG PRESIDENT. SHG CHECKED THE FOLLOWING BOXES TO ESTABLISH COMPENSATION: COMPENSATION COMMITTEE INDEPENDENT COMPENSATION CONSULTANT COMPENSATION SURVEY OR STUDY APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
- PART I, LINE 4A
- A SEVERANCE PAYMENT OF $2,037,080 WAS MADE DURING THE REPORTING PERIOD TO KEITH HOVAN THAT WAS PAID FROM SOUTHCOAST HOSPITAL GROUP, INC., A RELATED ORGANIZATION.
- PART I, LINE 4B
- CERTAIN OFFICERS, DIRECTORS, AND KEY EMPLOYEES 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 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 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. RENEE CLARK - $115,203 WADE BROUGHMAN - $112,665 DANI HACKNER - $83,712 PETER COHN - $390,496
- PART I, LINE 7
- A PORTION OF PHYSICIAN COMPENSATION IS AT RISK AND PAID VIA A COMPENSATION PLAN IN WHICH PERFORMANCE IS ASSESSED BASED ON PRE-DETERMINED MEASURES INCLUDING QUALITY AND PRODUCTIVITY.
- PART II, COLUMN F
- 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. DANI HACKNER - $82,500 RENEE CLARK - $114,300 KEITH HOVAN - $903,000 PETER COHN - $377,080
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.
-
501(c)(3) · SUPP SHG · MA
Directly controlled by NA
-
Southcoast Hospitals Group Inc
501(c)(3) · Acute care · MA · controlled entity
Directly controlled by SHS
-
501(c)(3) · PHYS SERV · MA · controlled entity
Directly controlled by SHS
-
SOUTHCOAST LONG TERM CARE SERVICES INC
501(c)(3) · SUPP SHG · MA · controlled entity
Directly controlled by SHS
-
Southcoast Visiting Nurse ASSN INC
501(c)(3) · Home care · MA · controlled entity
Directly controlled by SHS
-
SOUTHCOAST LONG TERM CARE PROPERTIES
501(c)(3) · INACTIVE · MA · controlled entity
Directly controlled by SHS
-
SOUTHCOAST HEALTH AMBASSADORS INC
501(C)(3) · SUPPORT SHG · MA · controlled entity
Directly controlled by SHG
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
REAL ESTATE · RI · income $29,538 · assets $968,354
Directly controlled by SPG
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Coastline Professional Assurance Co
CORP · Insurance · CJ · controlled entity
Directly controlled by SHS
-
Health Management Initiatives Inc
CORP · Comm Rental · MA · controlled entity
Directly controlled by SHS
-
CHARITABLE REMAINDER TRUST (12)
TRUST · CHARITABLE TR · MA · controlled entity
Directly controlled by SHG
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202402289349303485
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