TO PROMOTE THE OPTIMAL HEALTH AND WELL-BEING OF THE INDIVIDUALS AND FAMILIES IN THE COMMUNITIES SERVED BY SOUTHCOAST HOSPITALS GROUP (SHG). (SEE SCHEDULE O)
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.2B
+10.9% YoY
Annual Giving
$258K
+58.2% YoY
Grant Count
17
+41.7% YoY
Avg Grant Size
$15K
+11.7% YoY
About Southcoast Hospitals Group Inc
Based on IRS filings
Southcoast Hospitals Group Inc is a nonprofit organization focused on Health, based in NEW BEDFORD, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2B in total assets. In 2024, it awarded 17 grants totaling $258K. Net investment income was $15.1M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,158,657,361 | $1,044,672,844 | $991,182,909 |
| Revenue | $1,203,785,146 | $1,121,349,892 | $1,019,838,643 |
| Expenses | $1,109,586,238 | $1,034,147,962 | $980,973,163 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $15,109,721 | $6,959,286 | $39,683,896 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
66 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Ywca Southeastern Massachusetts ($61,200), Regional Ctr for Poison Control & Prevention Operated by Childrens Hospital ($32,000), Coastal Foodshed Inc ($30,000).
| Recipient | Purpose | Amount |
|---|---|---|
| BOYS & GIRLS CLUB OF GREATER NEW BEDFORD NEW BEDFORD, MA | SUPPORT SERVICES | $6,040 |
| THE MARION INSTITUTE MARION, MA | COMMUNITY OUTREACH | $17,150 |
| CHILDREN'S ADVOCACY CENTER FALL RIVER, MA | COMMUNITY OUTREACH | $15,250 |
| REGIONAL CTR FOR POISON CONTROL & PREVENTION OPERATED BY CHILDRENS HOSPITAL BOSTON, MA | SUPPORT SERVICES | $32,000 |
| UNITED WAY OF GREATER NEW BEDFORD NEW BEDFORD, MA | COMMUNITY OUTREACH | $11,850 |
| MASSACHUSETTS TAXPAYERS FOUNDATION BOSTON, MA | SUPPORT SERVICES | $5,665 |
| ONE SOUTHCOAST CHAMBER NEW BEDFORD, MA | COMMUNITY OUTREACH | $8,605 |
| FRIENDS OF JACK FOUNDATION NEW BEDFORD, MA | COMMUNITY OUTREACH | $7,600 |
| YWCA SOUTHEASTERN MASSACHUSETTS NEW BEDFORD, MA | COMMUNITY OUTREACH & SUPPORT SERVICES | $61,200 |
| YMCA SOUTHCOAST INC NEW BEDFORD, MA | COMMUNITY OUTREACH | $7,300 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RAYFORD KRUGER MD | PRESIDENT & CEO (UNTIL 1/3/24) | 41.5 | $1,300,999 |
| ILANA FEINERMAN MD | TRUSTEE | 1.5 | — |
| DAVID MCCREADY | EX-OFFICIO, PRES & CEO (FROM 1/24) | 17.5 | $317,489 |
| JOHN MUNGOVAN MD | TRUSTEE (AS OF 1/1/24) | 13.5 | $143,702 |
| ROBERT RONAN MD | TRUSTEE (UNTIL 12/31/2023) | 3.5 | $37,639 |
| SALMAN BASHIR MD | TRUSTEE | 1.5 | $3,858 |
| CARMEN F SYLVESTER | VICE CHAIR | 2.5 | — |
| CHRISTOPHER HODGSON | TRUSTEE, CLERK (AS OF 1/1/2024) | 2.5 | — |
| DONALD G GIUMETTI | CHAIR | 2.5 | — |
| JAMES JEROME COOGAN | CLERK(UNTIL 12/31/2023) | 2.5 | — |
| DENNIS FUSCO | TRUSTEE | 1.5 | — |
| ELIZABETH HUIDEKOPER | TRUSTEE | 1.5 | — |
| HELENA DASILVA HUGHES | TRUSTEE | 1.5 | — |
| JASON RUA | TRUSTEE | 1.5 | — |
| JAY SCHACHNE MD | TRUSTEE | 1.5 | — |
| JONATHAN L ROUNDS | TRUSTEE | 1.5 | — |
| LOUIS CABRAL | TRUSTEE | 1.5 | — |
| W HUGH M MORTON | TRUSTEE | 1.5 | — |
| RENEE CLARK | ASSISTANT CLERK/ EVP COO | 32.5 | $1,121,185 |
| WADE BROUGHMAN | TREASURER OF BOARD/ EVP FIN/CFO | 47.5 | $1,155,114 |
| JAMES FEEN | SVP/CHIEF DIGITAL INFO OFFICER | 60 | $730,092 |
| STEPHEN CANESSA | SVP EXTERNAL AFFAIRS CCO | 60 | $649,312 |
| LAUREN DESIMON JOHNSON | SVP/ CHRO | 60 | $631,866 |
| JAQUELINE SOMERVILLE | SVP/CNO | 60 | $598,109 |
| TONYA JOHNSON | SVP & COO (UNTIL 6/28/24) | 60 | $510,488 |
| MARK CALE | CFO SHG & SVP FINANCE SHS | 60 | $507,344 |
| STEPHEN PIRES | SVP, INSURANCE RISK MANAGEMENT | 60 | $550,814 |
| PATRICIA BUIOCCHI | SVP POST ACUTE SERVICES | 30 | $468,274 |
| PHILIP OLIVEIRA | VP SUPPLY CHAIN STRAT & LOGIST | 60 | $344,145 |
| JADENE ELDEN | VP REVENUE CYCLE | 60 | $346,803 |
| CHARLES E CUSSON JR | VP ORG CAPTLY AND TALENT MANAGEMENT | 60 | $262,119 |
| KEITH HOVAN | FORMER PRESIDENT & CEO | — | $1,615,731 |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Southcoast Hospitals Group Inc?
Southcoast Hospitals Group Inc is a nonprofit organization focused on Health, based in NEW BEDFORD, MA. It holds $1.2B in total assets as of 2024.
How large is Southcoast Hospitals Group Inc?
As of 2024, Southcoast Hospitals Group Inc holds $1.2B in total assets with $1.2B in annual revenue. It awarded 17 grants totaling $258K in 2024.
Where does Southcoast Hospitals Group Inc operate?
Southcoast Hospitals Group Inc has awarded grants in Massachusetts, Rhode Island.
What size grants does Southcoast Hospitals Group Inc award?
In 2024, Southcoast Hospitals Group Inc awarded 17 grants totaling $258K — an average of about $15K per grant, based on its IRS Form 990 filings.
What is Southcoast Hospitals Group Inc's EIN?
Southcoast Hospitals Group Inc's EIN (Employer Identification Number) is 22-2592333. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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