Civic Intelligence

South Shore Medical Center Inc

EIN 04-2297845 • 501(c)3 • Norwell, MA

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Profile

South shore medical center delivers effective and compassionate patient care with the highest medical and ethical standards. We build a better future for the communities we serve through teaching and leadership in healthcare innovation. Your health, our passion, one community.

143 Longwater DriveNorwell, MA 02061

www.southshorehealth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.28x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.79x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

13th percentile

-14%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$1,446,616

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

7th percentile

-11%

Faster asset growth than 7% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

24th percentile

-2.8%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$53,005,476

Down $6,816,766 (-11%) from 2023

Liabilities

Up

$67,809,355

Up $5,276,396 (+8.4%) from 2023

Net Assets

Down

-$14,803,879

Down $12,093,162 (-446%) from 2023

Operations
Liabilities / Revenue71st percentileNet Margin13th percentile

Revenue

Down

$86,229,755

Down $2,445,329 (-2.8%) from 2023

Expenses

Up

$98,323,618

Up $1,356,672 (+1.4%) from 2023

Net Income

Down

-$12,093,863

Down $3,802,001 (-46%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth7th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100M$50M$0-$50MAssets 2010: $24,019,919Liabilities 2010: $14,441,573Net Assets 2010: $9,578,3462010Assets 2011: $27,778,069Liabilities 2011: $15,435,561Net Assets 2011: $12,342,5082011Assets 2012: $35,729,963Liabilities 2012: $22,160,907Net Assets 2012: $13,569,0562012Assets 2013: $29,153,678Liabilities 2013: $19,100,597Net Assets 2013: $10,053,0812013Assets 2014: $29,070,968Liabilities 2014: $16,988,314Net Assets 2014: $12,082,6542014Assets 2015: $25,232,234Liabilities 2015: $17,192,992Net Assets 2015: $8,039,2422015Assets 2016: $18,992,247Liabilities 2016: $22,810,387Net Assets 2016: -$3,818,1402016Assets 2017: $21,017,168Liabilities 2017: $20,431,017Net Assets 2017: $586,1512017Assets 2018: $21,164,756Liabilities 2018: $17,425,058Net Assets 2018: $3,739,6982018Assets 2019: $24,590,759Liabilities 2019: $17,243,685Net Assets 2019: $7,347,0742019Assets 2020: $67,114,601Liabilities 2020: $53,847,116Net Assets 2020: $13,267,4852020Assets 2021: $68,415,013Liabilities 2021: $56,098,088Net Assets 2021: $12,316,9252021Assets 2022: $57,053,453Liabilities 2022: $51,472,308Net Assets 2022: $5,581,1452022Assets 2023: $59,822,242Liabilities 2023: $62,532,959Net Assets 2023: -$2,710,7172023Assets 2024: $53,005,476Liabilities 2024: $67,809,355Net Assets 2024: -$14,803,8792024

Highlighted filing

2024

Assets$53,005,476
Liabilities$67,809,355
Net Assets-$14,803,879
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0-$50MExpenses 2010: $112,439,6192010Expenses 2011: $125,155,0912011Expenses 2012: $131,213,2302012Revenue 2013: $131,643,562Expenses 2013: $135,555,301Net Income 2013: -$3,911,7392013Revenue 2014: $157,141,880Expenses 2014: $154,980,632Net Income 2014: $2,161,2482014Revenue 2015: $101,022,094Expenses 2015: $105,065,506Net Income 2015: -$4,043,4122015Revenue 2016: $89,722,726Expenses 2016: $101,580,108Net Income 2016: -$11,857,3822016Revenue 2017: $69,477,526Expenses 2017: $77,073,235Net Income 2017: -$7,595,7092017Revenue 2018: $68,032,833Expenses 2018: $70,879,286Net Income 2018: -$2,846,4532018Revenue 2019: $75,074,000Expenses 2019: $78,966,624Net Income 2019: -$3,892,6242019Revenue 2020: $76,015,365Expenses 2020: $82,094,954Net Income 2020: -$6,079,5892020Revenue 2021: $83,043,739Expenses 2021: $86,994,299Net Income 2021: -$3,950,5602021Revenue 2022: $81,798,241Expenses 2022: $88,534,021Net Income 2022: -$6,735,7802022Revenue 2023: $88,675,084Expenses 2023: $96,966,946Net Income 2023: -$8,291,8622023Revenue 2024: $86,229,755Expenses 2024: $98,323,618Net Income 2024: -$12,093,8632024

Highlighted filing

2024

Revenue$86,229,755
Expenses$98,323,618
Net Income-$12,093,863
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$53,005,476
Liabilities
$67,809,355
Net assets
-$14,803,879
Revenue
$86,229,755
Expenses
$98,323,618
Net income
-$12,093,863
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$53.0$67.8$14.8$86.2$98.3$12.1
2023Detailed filing. Detailed filing data is available for this year.$59.8$62.5$2.71$88.7$97.0$8.29
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.1$51.5$5.58$81.8$88.5$6.74
2021Detailed filing. Detailed filing data is available for this year.$68.4$56.1$12.3$83.0$87.0$3.95
2020Detailed filing. Detailed filing data is available for this year.$67.1$53.8$13.3$76.0$82.1$6.08
2019Detailed filing. Detailed filing data is available for this year.$24.6$17.2$7.35$75.1$79.0$3.89
2018Detailed filing. Detailed filing data is available for this year.$21.2$17.4$3.74$68.0$70.9$2.85
2017Detailed filing. Detailed filing data is available for this year.$21.0$20.4$0.59$69.5$77.1$7.60
2016Detailed filing. Detailed filing data is available for this year.$19.0$22.8$3.82$89.7$102$11.9
2015Summary only. Only limited summary data is available for this year.$25.2$17.2$8.04$101$105$4.04
2014Detailed filing. Detailed filing data is available for this year.$29.1$17.0$12.1$157$155$2.16
2013Detailed filing. Detailed filing data is available for this year.$29.2$19.1$10.1$132$136$3.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.7$22.2$13.6$131
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.8$15.4$12.3$125
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$24.0$14.4$9.58$112
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 15, 2025
Return Version
2023v6.0
Gross Receipts
$86,274,843
Mission and Program Overview

Mission

We care for patients compassionately and effectively, with the highest medical and ethical standards. We build a better future for our communities through teaching, leadership in health care innovation, and philanthropy.

South shore medical center cares for patients compassionately and effectively, with the highest medical and ethical standards. We build a better future for the communities we serve through teaching, leadership in health care innovation and philanthropy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,794,049$5,249,084▼ $544,965
Accounts Receivable$5,310,531$5,107,065▼ $203,466
Land, Buildings, and Equipment, Net$5,012,867$4,535,844▼ $477,023
Cash and Non-Interest-Bearing Accounts$5,984,918$2,394,049▼ $3,590,869
Prepaid Expenses and Deferred Charges$1,312,021$1,607,287▲ $295,266
Inventories for Sale or Use$738,981$410,602▼ $328,379
Total Assets$59,822,242$53,005,476▼ $6,816,766
Other Assets Total$35,668,875$33,701,545▼ $1,967,330
Liabilities
Other Liabilities$55,124,433$60,022,757▲ $4,898,324
Accounts Payable and Accrued Expenses$7,404,515$7,782,587▲ $378,072
Deferred Revenue$4,011$4,011→ $0
Total Liabilities$62,532,959$67,809,355▲ $5,276,396
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,710,717$-14,803,879▼ $12,093,162
Total Net Assets Fund Balance$-2,710,717$-14,803,879▼ $12,093,162
Total Liabilities and Net Assets / Fund Balance$59,822,242$53,005,476▼ $6,816,766

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,950,605$7,613,412$9,564,017
Leasehold Improvements$2,069,766$3,527,476$5,597,242
Other Land Buildings$291,413-$291,413
Buildings$224,060$47,148$271,208
Other Assets Org$28,275,963--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Matthew Hjort MdPhysicianFT$604,193$158,412$762,605
Sergio Fefer MdPhysicianFT$592,114$60,733$652,847
David Halle MdAmbulatory Medical DirectorFT$526,850$103,934$630,784
Steven Starr MdPhysicianFT$548,869$36,168$585,037
Tejash ShahPhysicianFT$535,910$14,962$550,872
Mohammed Sharaf MdPhysicianFT$502,112$21,004$523,116
Linda OliverVP Ambulatory Serv.FT$326,250$66,757$393,007
Bradford SampsonDirector--$80,000$80,000

Board Members and Trustees

NameTitle
PAMELA O'LEARYChair
Allen Smith MdPresident & CEO
Thomas MccarthyVice Chair
Alan MckimDirector
Ellen EssenfeldDirector
Michael SheehanDirector
Paul Wantanabe PhdDirector
Paula L BeckerDirector
Amanda Marchica DoDirector as of 10/1/2023
Grace LeeDirector as of 10/1/2023
Kenneth Quigley JrDirector as of 10/1/2023
Christopher OddleifsonDirector Thru 12/31/2023
Helen GarveyDirector Thru 12/31/2023
Pamela WheltonDirector Thru 12/31/2023
Justin CampbellDirector Thru 9/30/2023
Michael Ayers MdDirector Thru 9/30/2023
Kimberly Dever MdDirector, Chief Ob/gyn
Stephen JenneyCFO & Treas. as of 10/1/23
Kristine Hanscom CPA Mst CgmaFormer Treas. & CFO (thru 5/31/23)
Joseph R Driscoll EsqSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Foxrock Longwater Ii Realty LLCManagement Company350 GRANITE STREET SUITE 2205, Braintree, MA 02184$4,003,059
South Suburban Gastroenterology PCPhysician Services1085 MAIN STREET, South Weymouth, MA 02190$1,508,571
Boston University DermatologyPhysician Services609 ALBANY STREET ROOM J-100, Boston, MA 02118$571,083
Hancock Flag Realty LLCManagement CompanyPO BOX 690528, Quincy, MA 02169$520,478
Beale's LLCCleaning ServicesPO BOX 143, Accord, MA 02018$339,869
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$74,349,554
Investment Income
$-45,088
Other Revenue
$11,925,289
Change in Net Assets
$-12,093,863
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$70,845,240
Other Expenses$27,478,378
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$50,590,422$7,429,227-$58,019,649
Other Employee Benefits$10,855,734$1,594,170-$12,449,904
Office Expenses$6,152,286$1,533,306-$7,685,592
Occupancy$5,871,295$1,358,313-$7,229,608
Information Technology$2,548,504$375,462-$2,923,966
Fees for Services Other$2,251,925$344,316-$2,596,241
Insurance$1,294,816$23,809-$1,318,625
Depreciation Depletion$768,522$428,844-$1,197,366
Current Officers, Directors, Trustees, and Key Employees$327,582$48,105-$375,687
Conferences and Meetings$160,424$150-$160,574
Other Expenses$52,525$43,334-$95,859
Advertising-$25,255-$25,255
All Other Expenses$-837,104$-107,680-$-944,784
Total Functional Expenses$84,933,657$13,389,961$0$98,323,618
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rou Lease Liability$30,660,786
Due to Affiliates$24,081,791
Physician Benefits Payable$5,229,396
Due to Third Party$50,784
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Many of the persons listed in part vii have a "business relationship" with one another due to the overlapping board structure of south shore health system and its related entities.”

Form 990, Part VI, Section A, Line 6

“Coastal medical associates, inc. D/b/a south shore physician ambulatory enterprise is the sole member of the corporation.”

Form 990, Part VI, Section A, Line 7A

“Officers and directors are elected annually by a board vote of the sole member.”

Form 990, Part VI, Section B, Line 11B

“The organization's form 990 is prepared internally and reviewed by the tax practice of its independent auditors. The return is then reviewed by the cfo/treasurer. Form 990 is uploaded to the governing board's web portal for all bod members to review prior to filing with the irs.”

Form 990, Part VI, Section B, Line 12C

“Board members are required to sign a conflict of interest form annually. The forms are then reviewed for conflicts or potential conflicts. Board members abstain from voting on matters that present a conflict of interest.”

Form 990, Part VI, Section B, Line 15B

“The president and/or the vice president of ambulatory care, is considered a south shore health system executive; all executive compensation decisions are made by the sshs president/ceo, using the compensation committee of the board of director's approved philosophy and pay approach for the executive team. The compensation committee is independent and consists solely of members who do not have a conflict of interest with regards to compensation matters. Annual compensation decisions for coastal (sspae) physicians and advanced practice clinician employees are also made by sshs and are based on a combination of advice and research provided by outside consultants, review of comparable industry data and market conditions.”

Form 990, Part VI, Section C, Line 19

“South shore medical center makes its governing documents, conflict of interest policy and financial statements available for inspection at the corporation's office. Copies of these documents are available upon request. In addition, certain governing documents are also available through the massachusetts secretary of the commonwealth's corporations division database.”

Filing and Contact Details

Filer

Filer Name
South Shore Medical Center Inc
EIN
04-2297845
Phone
7818785200
Address
143 LONGWATER DRIVE, NORWELL, MA 02061

Signing Officer

Name
Stephen Jenney
Title
SVP & CFO
Phone
7816248000
Signed
2025-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Jenney
Formed
2004
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
8
Employees
756
Volunteers
8

Preparer

Firm
Deloitte Tax Llp
Address
111 MONUMENT CIRCLE SUITE 4200, INDIANAPOLIS, IN 46204-5108
Preparer
Shawna M Jansons
Phone
3174648600
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation follows the provisions of fasb asc 740, income taxes, relating to accounting for uncertainty in income taxes. Asc 740 clarifies the accounting for uncertainty in income taxes recognized in an entity's financial statements. It prescribes an uncertainty threshold and measurement attributes for financial statement disclosure of tax positions taken or expected to be taken on a tax return.”

Raw XML AppendixShowing 400 of 1,059 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SOUTH SHORE MEDICAL CENTER CARES FOR PATIENTS COMPASSIONATELY AND EFFECTIVELY, WITH THE HIGHEST MEDICAL AND ETHICAL STANDARDS. WE BUILD A BETTER FUTURE FOR THE COMMUNITIES WE SERVE THROUGH TEACHING, LEADERSHIP IN HEALTH CARE INNOVATION AND PHILANTHROPY.
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IRS990/Desc0SOUTH SHORE MEDICAL CENTER PROVIDED MEDICAL, PREVENTATIVE AND OTHER CLINICAL SERVICES TO ITS PATIENTS. THE ORGANIZATION WORKS TO IMPROVE THE QUALITY OF HEALTH CARE SERVICES PROVIDED TO PATIENTS IN SOUTHEASTERN MASSACHUSETTS THROUGH CLINICAL INTEGRATION AND THE IMPLEMENTATION OF A UNIFIED ELECTRONIC MEDICAL RECORDS SYSTEM. SOUTH SHORE MEDICAL CENTER PARTICIPATED IN EDUCATIONAL AND TRAINING PROGRAMS FOR MEDICAL STUDENTS AND MEDICAL RESIDENTS AND FOR OTHER HEALTHCARE PROFESSIONALS INCLUDING PHYSICIAN ASSISTANTS AND NURSES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR, CHIEF OB/GYN
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR AS OF 10/1/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR THRU 12/31/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR AS OF 10/1/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR THRU 12/31/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR AS OF 10/1/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt17CFO & TREAS. AS OF 10/1/23
IRS990/Form990PartVIISectionAGrp/TitleTxt18AMBULATORY MEDICAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP AMBULATORY SERV.
IRS990/Form990PartVIISectionAGrp/TitleTxt20PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt21PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt22PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt23PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt24PHYSICIAN
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR THRU 9/30/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR THRU 9/30/2023
IRS990/Form990PartVIISectionAGrp/TitleTxt27FORMER TREAS. & CFO (THRU 5/31/23)
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IRS990/MissionDesc0SOUTH SHORE MEDICAL CENTER DELIVERS EFFECTIVE AND COMPASSIONATE PATIENT CARE WITH THE HIGHEST MEDICAL AND ETHICAL STANDARDS. WE BUILD A BETTER FUTURE FOR THE COMMUNITIES WE SERVE THROUGH TEACHING AND LEADERSHIP IN HEALTHCARE INNOVATION. YOUR HEALTH, OUR PASSION, ONE COMMUNITY.
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