Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $680,961

• 2a · Program service revenue: PATIENT SERVICE

  total $287,084,021 · related or exempt $287,084,021

• 2b · Program service revenue: OTHER CLINICAL REVENUE

  total $20,654,436 · related or exempt $20,654,436

• 2c · Program service revenue: AFFILIATE RENT

  total $15,228 · related or exempt $15,228

• 6a · Gross rents

  real property $103,823

• 6b · Less rental expenses

  real property $3,928

• 6c · Rental income or loss

  real property $99,895

• 6d · Net rental income or loss

  total $99,895 · excluded $99,895

• 7a · Gross sales of assets other than inventory

  other assets $1,435

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

  other assets $0

• 7c · Gain or loss

  other assets $1,435

• 7d · Net gain or loss

  total $1,435 · excluded $1,435

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $5,077,693 · program services $4,456,221 · management and general $621,472

• 6 · Compensation of disqualified persons

  total $220,042 · program services $220,042

• 7 · Other salaries and wages

  total $269,947,926 · program services $262,539,533 · management and general $7,408,393

• 8 · Pension plan contributions

  total $8,888,025 · program services $8,614,908 · management and general $273,117

• 9 · Other employee benefits

  total $20,501,677 · program services $18,557,380 · management and general $1,944,297

• 10 · Payroll taxes

  total $14,204,156 · program services $13,779,753 · management and general $424,403

• 11a · Fees: management

  total $1,429,645 · program services $1,379,366 · management and general $50,279

• 11b · Fees: legal

  total $197,979 · management and general $197,979

• 11g · Fees: other

  total $14,740,202 · program services $12,844,467 · management and general $1,895,735

• 12 · Advertising and promotion

  total $2,816 · program services $88 · management and general $2,728

• 13 · Office expenses

  total $1,372,129 · program services $558,975 · management and general $813,154

• 14 · Information technology

  total $250,624 · program services $247,210 · management and general $3,414

• 16 · Occupancy

  total $14,518,023 · program services $12,557,522 · management and general $1,960,501

• 17 · Travel

  total $417,520 · program services $394,313 · management and general $23,207

• 19 · Conferences, conventions and meetings

  total $511,881 · program services $503,667 · management and general $8,214

• 22 · Depreciation, depletion and amortization

  total $3,088,003 · program services $2,973,130 · management and general $114,873

• 23 · Insurance

  total $5,730,188 · program services $5,430,534 · management and general $299,654

• 24a · Other expenses: MEDICAL SUPPLIES & LINE

  total $11,306,739 · program services $11,306,739

• 24b · Other expenses: INTERCOMPANY CONTRACTED

  total $7,297,050 · program services $2,158,852 · management and general $5,138,198

• 24c · Other expenses: PROF & DEVELOPMENT FEES

  total $1,077,653 · program services $977,750 · management and general $99,903

• 24d · Other expenses: PARTS, REPAIRS, & MAINT

  total $329,285 · program services $325,572 · management and general $3,713

• 24e · All other expenses

  total $707,692 · program services $521,282 · management and general $186,410

Balance sheet

Part X, book values.

• 4 · Accounts receivable

  beginning of year $18,284,458 · end of year $20,117,441

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,980,997 · end of year $5,436,872

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

  $45,828,688

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

  $28,583,870

• 10c · Land, buildings and equipment, net

  beginning of year $18,048,474 · end of year $17,244,818

• 11 · Investments: publicly traded securities

  beginning of year $19,510,097 · end of year $25,441,635

• 14 · Intangible assets

  beginning of year $7,666,514 · end of year $7,666,514

• 15 · Other assets

  beginning of year $84,947,011 · end of year $87,133,659

• 17 · Accounts payable and accrued expenses

  beginning of year $58,904,494 · end of year $63,548,188

• 25 · Other liabilities

  beginning of year $93,533,057 · end of year $99,492,751

• 27 · Net assets without donor restrictions

  end of year $0

The filer's explanations (Part III)

PART I, LINE 1A

SPG MADE PERFORMANCE PAYMENTS TO ONE TRUSTEE, FOR THEIR ROLE AS A PHYSICIAN, THAT INCLUDED TAX GROSS-UPS. TOTAL PAYMENTS WERE $203.

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, LINES 4A-B

LINE 4A: A SEVERANCE PAYMENT OF $1,615,731 (NET OF WITHHOLDING) WAS MADE DURING THE REPORTING PERIOD TO KEITH HOVAN THAT WAS PAID FROM SOUTHCOAST HOSPITAL GROUP, INC., A RELATED ORGANIZATION. 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 - $124,038 WADE BROUGHMAN - $148,443 DANI HACKNER - $95,004 PETER COHN - $120,336

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 - $90,986 RENEE CLARK - $120,300

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• CARI REAL ESTATE LLC

  RENTAL REAL ESTATE · RI · income $15,228 · assets $899,991

  Directly controlled by SOUTHCOAST PHYSICIANS GROUP INC

Related corporations and trusts

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

• COASTLINE PROFESSIONAL ASSURANCE CORP LTD

  C · INSURANCE · CJ · controlled entity

• HEALTH MANAGEMENT INITIATIVES INC

  C · COMM RENTALS · MA · controlled entity

• SAME DAY SURGICARE OF NE INC

  S · MEDICAL SERVICES · MA · controlled entity