Southcoast Physicians Group Inc
94% goes to programs $0 to raise $100 Thin reserves Growing revenue
Southcoast Physicians Group Inc is a 501(c)(3) organization based in New Bedford, Massachusetts, registered in 1987, with $308,535,976 in FY2023 revenue. CharityIndex grades it B, and it directs about 94% of spending to programs.
101 Page St, New Bedford, MA, 02740 EIN 22-2703314 Since 1987
Revenue (FY2023)
$308.5M
▲ 11.2% vs prior year
Health median: $840K
Expenses (FY2023)
$381.8M
Net assets
$0
Employees
2,093
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating94% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Southcoast Physicians Group Inc: 94% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · -24% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southcoast Physicians Group Inc: 0 mo reserves · -24% margin earns a C on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Southcoast Physicians Group Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southcoast Physicians Group Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
See schedule oto promote the availability of high quality medical services in service areas covered by southcoast health system, inc. (shs) and its tax exempt affiliates.
What they do
Urgent care - the southcoast physician group operates six urgent care facilities in the region. the urgent care facilities are located in fairhaven (ma), dartmouth (ma), seekonk (ma), lakeville (ma), fall river (ma), and wareham (ma). primary services offered in each of the facilities include an extensive variety of medical visits, radiological exams, and laboratory testing. the primary purpose of the urgent care facilities is to provide access to non-emergency medical services at locations and time periods that are convenient for patients in southcoast's region. in fiscal 2024, 129,713 patients were served. of that, 16.46% of patient visits were attributable to patients whose primary health insurance was medicare, and another 27.08% of visits were provided to patients whose primary health insurance was masshealth (medicaid) and commonwealth care plans.
Contact & location
- Address
- 101 Page St, New Bedford, MA, 02740
- City
- New Bedford
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $127.5M (FY2013) to $308.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $163.0MNet assets $0
Operating margin
-23.8%
Spent more than it raised in the latest fiscal year.
Total assets
$163.0M
Total liabilities
$163.0M
Net assets
$0
Salaries & benefits
$318.8M
84% of expenses
Board members
12
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $308,535,976▲11.2% | $381,816,948▲8.8% | $0 | $163,040,939▲7.0% | 990 |
| 2022 | $277,401,775▲5.2% | $350,848,587▲5.9% | $0 | $152,437,551▲32.5% | 990 |
| 2021 | $263,776,064▲16.8% | $331,147,797▲9.0% | $0▼100% | $115,083,218▼4.5% | 990 |
| 2020 | $225,877,511▲12.7% | $303,861,013▲13.2% | $1,039,183 | $120,479,326▼1.6% | 990 |
| 2019 | $200,490,793▼3.3% | $268,464,870▲0.6% | $0▼100% | $122,384,773▲46.6% | 990 |
| 2018 | $207,370,917▲4.3% | $266,989,539▲3.5% | $20,193,861▲32.7% | $83,464,560▲2.0% | 990 |
| 2017 | $198,790,373▲10.5% | $258,029,459▲0.2% | $15,221,990▲167% | $81,840,505▲16.7% | 990 |
| 2016 | $179,849,184▲0.9% | $257,638,820▲6.2% | $5,711,076▼78.4% | $70,136,244▼6.8% | 990 |
| 2015 | $178,266,214▲4.2% | $242,486,869▲3.8% | $26,444,011▼30.5% | $75,285,082▼2.7% | 990 |
| 2014 | $171,052,196▲34.2% | $233,691,724▲20.8% | $38,063,012▲29.5% | $77,349,079▲2.5% | 990 |
| 2013 | $127,452,885 | $193,510,669▲41.5% | $29,402,540▲180% | $75,487,216▲77.1% | 990 |
| 2012 | — | $136,799,255▲127% | $10,498,623▲260% | $42,635,663▲185% | 990 |
| 2010 | — | $60,387,788 | $2,918,978 | $14,968,686 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Matthew Phillips — $1,152,601 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Phillips | Physician | 40 | $1,152,601 |
| Richard Pin | Physician | 40 | $1,148,915 |
| Michael Langworthy | Physician | 40 | $1,148,860 |
| Edress Othman Md | Trustee & Physician | 41.5 | $1,119,364 |
| Patrick Gagnon | Physician | 40 | $1,081,994 |
| Iraklis Georgiannis | Physician | 40 | $1,072,965 |
| Dennis Larock Md | Trustee & Physician | 41.5 | $911,300 |
| Dani Hackner | Svp Cco Shg, Phys In Chief Med | 18 | $893,343 |
| Peter Cohn | Chief Cardiovascular Care Center | 60 | $849,280 |
| Jeffrey Lawrence Md | Trustee (until 4/30/24) & Physician | 36 | $786,359 |
| Aaron Novy | Trustee & Physician | 41.5 | $181,218 |
| Carmen F Sylvester | Trustee | 1.5 | — |
| Christopher Hodgson | Trustee | 1.5 | — |
| Courtney Ives | Vp Care Center Operations | 30 | — |
| David Mccready | Ex-officio, Pres & Ceo (from 1/24) | 7.5 | — |
| Dennis Fusco | Trustee | 1.5 | — |
| Donald G Giumetti | Vice Chair | 2.5 | — |
| Elizabeth Huidekoper | Trustee | 1.5 | — |
| Jason Rua | Chair | 2.5 | — |
| Keith Hovan | Former President | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Synergy Surgicalists | Physician Services | $2,857,150 |
| Allegiance Medical Partners LLC | Staffing | $1,418,759 |
| Mvp Anesthesia Associates PC | Staffing | $1,059,884 |
| Brigham and Womens Physician Organizatio | Staffing | $948,949 |
| Pratt Otolaryngology - Head & Neck Assoc | Staffing | $776,806 |
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Compare Southcoast Physicians Group Inc
Frequently asked questions
- Is Southcoast Physicians Group Inc a legitimate nonprofit?
- Yes. Southcoast Physicians Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-2703314, based in New Bedford, Massachusetts. Donations are tax-deductible.
- What is Southcoast Physicians Group Inc's EIN?
- Southcoast Physicians Group Inc's Employer Identification Number (EIN) is 22-2703314.
- How much revenue does Southcoast Physicians Group Inc report?
- Southcoast Physicians Group Inc reported $308,535,976 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Southcoast Physicians Group Inc's spending goes to programs?
- Southcoast Physicians Group Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southcoast Physicians Group Inc have?
- CharityIndex grades Southcoast Physicians Group Inc B, based on program efficiency and fundraising cost.
- How much does Southcoast Physicians Group Inc's highest-paid employee make?
- The highest reported compensation on Southcoast Physicians Group Inc's latest Form 990 is $1,152,601, paid to Matthew Phillips (Physician).
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Data for Southcoast Physicians Group Inc (EIN 22-2703314) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.