IRS Form 990 · EIN 22-2703314

Southcoast Physicians Group Inc

New Bedford, MA 02740-3464 · Tax year 2023

NTEE E22Specialty Hospital

$277.4M

Total revenue

$350.8M

Total expenses

Net income

0.0%

Operating margin

Financial summary

Compared to 19 organizations with NTEE E22 in MA

Avg revenue (peers)

$730.4M

This org:$277.4M

Avg net income (peers)

$8.7M

This org:$7

Avg top exec comp (peers)

$743K

This org (highest):$1.2M

26 officers + key employees reported on Schedule J

Name	Title	Hours/wk	Base comp	Total comp
RICHARD PIN	PHYSICIAN	40	$669K	$1.2M
MICHAEL LANGWORTHY	PHYSICIAN	40	$814K	$1.2M
MATTHEW PHILLIPS	PHYSICIAN	40	$883K	$1.2M
EDRESS OTHMAN MD	TRUSTEE & PHYSICIAN	41.5	$911K	$1.2M
PATRICK GAGNON	PHYSICIAN	40	$823K	$1.1M
IRAKLIS GEORGIANNIS	PHYSICIAN	40	$1.1M	$1.1M
DENNIS LAROCK MD	TRUSTEE & PHYSICIAN	41.5	$891K	$953K
DANI HACKNER	SVP CCO SHG, PHYS IN CHIEF MED	18	$662K	$936K
PETER COHN	CHIEF CARDIOVASCULAR CARE CENTER	60	$644K	$888K
JEFFREY LAWRENCE MD	TRUSTEE (UNTIL 4/30/24) & PHYSICIAN	36	$613K	$825K
AARON NOVY	TRUSTEE & PHYSICIAN	41.5	$173K	$219K
WADE BROUGHMAN	TREASURER/ EVP FIN & CFO SHG	14.5	—	—
LINDA HEVENOR	VP CLINICAL OPERATIONS	60	—	—
COURTNEY IVES	VP CARE CENTER OPERATIONS	30	—	—
RAYFORD KRUGER MD	PRESIDENT & EX-OFFICIO (UNTIL 1/3/24)	14.5	—	—
KEITH HOVAN	FORMER PRESIDENT	0	—	—
DAVID MCCREADY	EX-OFFICIO, PRES & CEO (FROM 1/24)	7.5	—	—
SALMAN BASHIR MD	TRUSTEE	1.5	—	—
DONALD G GIUMETTI	VICE CHAIR	2.5	—	—
JASON RUA	CHAIR	2.5	—	—
CARMEN F SYLVESTER	TRUSTEE	1.5	—	—
CHRISTOPHER HODGSON	TRUSTEE	1.5	—	—
DENNIS FUSCO	TRUSTEE	1.5	—	—
ELIZABETH HUIDEKOPER	TRUSTEE	1.5	—	—
LOUIS CABRAL	TRUSTEE	1.5	—	—

Revenue and net income trend across all available filings

RevenueNet income

Year	Revenue	Expenses	Net income	Assets
2023	$277.4M	$350.8M	$7	$152.4M
2022	$263.8M	$331.1M	$33	$115.1M
2021	$225.9M	$303.9M	$-636K	$120.5M
2020	$200.5M	$268.5M	$-771K	$122.4M
2019	$207.4M	$267.0M	$-262K	$83.5M
2018	$198.8M	$258.0M	$-363K	$81.8M
2017	$179.8M	$257.6M	$-77.8M	$70.1M
2016	$178.3M	$242.5M	$-64.2M	$75.3M
2015	$171.1M	$233.7M	$-62.6M	$77.3M
2014	$127.5M	$193.5M	$-66.1M	$75.5M

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