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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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