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Nonprofiteer
← SOUTHCOAST HEALTH SYSTEM INC

Form 990 for tax year 2022

Filed by SOUTHCOAST HEALTH SYSTEM INC.

Totals

Total revenue
$32,430,858
Total expenses
$15,820,321
Contributions and grants received
$614,700
Grants paid
$0
Program service revenue
$26,905,541
Investment income
$4,905,086
Other revenue
$5,531
Total assets, end of year
$259,188,481
Total liabilities, end of year
$31,710,239
Net assets or fund balances, end of year
$227,478,242
Program services expenses (Part IX)
$12,717,326
Management and general expenses
$3,102,995
Fundraising expenses
$0
Program service expenses (Part III)
$12,717,326

Program services were 80.4% 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 & CEO

    Total calculated
    $1,992,480
    From this org
    $0
    From related orgs
    $1,752,849
    Other
    $239,631
    Hours/week
    8.5 + 66.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $842,500 related
    Bonus
    $0 + $387,000 related
    Other
    $0 + $523,349 related
    Deferred
    $0 + $224,100 related
    Nontaxable benefits
    $0 + $15,531 related
    Filer's total
    $0 + $1,992,480 related

  • RENEE CLARK

    ASSISTANT CLERK/ EVP/ COO

    Total calculated
    $1,172,367
    From this org
    $0
    From related orgs
    $1,020,008
    Other
    $152,359
    Hours/week
    2.5 + 72.5 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

  • WADE BROUGHMAN

    TREASURER/ EVP FIN/ CFO

    Total calculated
    $1,063,487
    From this org
    $0
    From related orgs
    $1,027,327
    Other
    $36,160
    Hours/week
    5.5 + 69.5 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

  • JEFFREY LAWRENCE MD

    SVP, CTIO, PHYS IN CHIEF PC

    Total calculated
    $827,631
    From this org
    $0
    From related orgs
    $726,719
    Other
    $100,912
    Hours/week
    24 + 38.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $619,747 related
    Bonus
    $0 + $106,972 related
    Other
    $0
    Deferred
    $0 + $93,750 related
    Nontaxable benefits
    $0 + $7,162 related
    Filer's total
    $0 + $827,631 related

  • ILANA FEINERMAN MD

    TRUSTEE

    Total calculated
    $705,867
    From this org
    $0
    From related orgs
    $666,673
    Other
    $39,194
    Hours/week
    1.5 + 44.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $494,635 related
    Bonus
    $0 + $60,000 related
    Other
    $0 + $112,038 related
    Deferred
    $0 + $18,300 related
    Nontaxable benefits
    $0 + $20,894 related
    Filer's total
    $0 + $705,867 related

  • ANA LAUS

    TRUSTEE (UNTIL 12/22)

    Total calculated
    $464,762
    From this org
    $0
    From related orgs
    $446,403
    Other
    $18,359
    Hours/week
    1.5 + 44.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,615 related
    Bonus
    $0 + $49,646 related
    Other
    $0 + $117,142 related
    Deferred
    $0 + $17,680 related
    Nontaxable benefits
    $0 + $679 related
    Filer's total
    $0 + $464,762 related

  • CHRISTINE M CERNAK

    ED-INTEGRATED CARE MGMT

    Total calculated
    $270,711
    From this org
    $0
    From related orgs
    $253,460
    Other
    $17,251
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $251,583 related
    Bonus
    $0
    Other
    $0 + $1,877 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $17,251 related
    Filer's total
    $0 + $270,711 related

  • LAUREN MELBY

    VP POPULATION HEALTH

    Total calculated
    $227,331
    From this org
    $0
    From related orgs
    $206,726
    Other
    $20,605
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $0 + $199,874 related
    Bonus
    $0 + $6,252 related
    Other
    $0 + $600 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,605 related
    Filer's total
    $0 + $227,331 related

  • KENNETH EUGENIO

    MANAGER OF OPERATIONS SHN

    Total calculated
    $194,863
    From this org
    $0
    From related orgs
    $163,219
    Other
    $31,644
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $160,330 related
    Bonus
    $0
    Other
    $0 + $2,889 related
    Deferred
    $0 + $10,234 related
    Nontaxable benefits
    $0 + $21,410 related
    Filer's total
    $0 + $194,863 related

  • DAWN DAVIDIAN

    RN MEDICAL CARE MGT SHN

    Total calculated
    $174,400
    From this org
    $0
    From related orgs
    $157,984
    Other
    $16,416
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $155,992 related
    Bonus
    $0
    Other
    $0 + $1,992 related
    Deferred
    $0 + $8,874 related
    Nontaxable benefits
    $0 + $7,542 related
    Filer's total
    $0 + $174,400 related

  • LINDA CLARK

    PHARMACIST-CLINICAL SPEC AMB

    Total calculated
    $157,562
    From this org
    $0
    From related orgs
    $148,149
    Other
    $9,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $147,921 related
    Bonus
    $0 + $228 related
    Other
    $0
    Deferred
    $0 + $8,883 related
    Nontaxable benefits
    $0 + $530 related
    Filer's total
    $0 + $157,562 related

  • CELESTE DUBOIS

    PHARMACIST CLINICAL SPEC AMB

    Total calculated
    $155,860
    From this org
    $0
    From related orgs
    $146,579
    Other
    $9,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $146,362 related
    Bonus
    $0 + $217 related
    Other
    $0
    Deferred
    $0 + $8,785 related
    Nontaxable benefits
    $0 + $496 related
    Filer's total
    $0 + $155,860 related

  • ROBERT RONAN MD

    TRUSTEE (AS OF 1/23)

    Total calculated
    $27,900
    From this org
    $0
    From related orgs
    $27,900
    Other
    $0
    Hours/week
    1.5 + 6.5 related

  • 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

  • JAY S SCHACHNE MD

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 4.5 related

  • JASON RUA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 8 related

  • LOUIS CABRAL

    CHAIR(UNTIL 12/22), TTEE(1/23)

    Total calculated
    $0
    Hours/week
    1.5 + 7 related

  • JAMES JEROME COOGAN

    CLERK

    Total calculated
    $0
    Hours/week
    2.5 + 7.5 related

  • W HUGH M MORTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 4.5 related

  • DENNIS J FUSCO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 6 related

  • DONALD G GIUMETTI

    CHAIR (AS OF 1/23)

    Total calculated
    $0
    Hours/week
    2.5 + 10 related

  • ELIZABETH HUIDEKOPER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 6 related

  • CHRISTOPHER HODGSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 6 related

  • HELENA DASILVA HUGHES

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 4.5 related

  • JONATHAN L ROUNDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5 + 4.5 related

  • HEIDI A KOSTIN

    TRUSTEE (UNTIL 4/23)

    Total calculated
    $0
    Hours/week
    1.5 + 4.5 related

  • CARMEN F SYLVESTER

    VICE CHAIR (AS OF 1/23)

    Total calculated
    $0
    Hours/week
    2.5 + 9 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

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SHS DOES NOT EMPLOY ANY INDIVIDUALS. OFFICERS AND TRUSTEES OF SHS RECEIVE NO COMPENSATION FOR THEIR ROLES IN THESE CAPACITIES. OFFICERS AND TRUSTEES (CURRENT OR FORMER) WITH REPORTABLE COMPENSATION ARE COMPENSATED BY A NON-PROFIT SUBSIDIARY ORGANIZATION'S PAYROLL FOR SERVICES RENDERED AS EMPLOYEES OF THE SUBSIDIARY.
PART I, LINE 3
SOUTHCOAST HOSPITAL GROUP (SHG), A RELATED ORGANIZATION CHECKED THE FOLLOWING BOXES WHICH WERE USED BY SHG TO ESTABLISH COMPENSATION OF THE PRESIDENT: 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 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 THE AMOUNT REFLECTED IN SCHEDULE J, PART II, COLUMN B(III) FOR THE FOLLOWING INDIVIDUALS INCLUDES A LIQUIDATION DISTRIBUTION DUE TO TERMINATION. KEITH HOVAN - $1,806,177
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. KEITH HOVAN - $903,000 RENEE CLARK - $114,300

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.

Disregarded entities

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

Related corporations and trusts

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

  • Coastline Professional Assurance Co

    C Corp · Insurance · CJ · 100% owned · share of income $11,241,258 · share of assets $38,160,951 · controlled entity

    Directly controlled by SHS

  • Health Management Initiatives Inc

    C Corp · COMM RENTAL · MA · 100% owned · share of income $398,465 · share of assets $5,341,561 · controlled entity

    Directly controlled by SHS

  • CHARITABLE REMAINDER TRUSTS (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
202402289349302620

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