South Shore Health System Inc
Overview
Mission
South shore health system's mission is your health. Our passion. One community.
What it reported doing in 2023
Health care delivery: manage and support affiliate operations to (1) support the advancement of knowledge and practice of healthcare and (2) sponsor programs to support the health and welfare of all persons.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 042105926
- IRS 990 coverage
- 2013–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- South Weymouth, MA, USA
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for setting executive pay and available reserves provide a limited financial cushion.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 59
- Accountability: 69
- Sustainability: 51
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.4%; rating input score 84
- Program expense ratio: 85.1%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 9th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 61.5%; rating input score 62; 17th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 3%; rating input score 52; 52nd percentile among comparable filings
- Operating reserve ratio: 0.59; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 83; 83rd percentile among comparable filings
- Officer compensation ratio: 0.3%; rating input score 88; 88th percentile among comparable filings
Growth
- Program expense growth: 43.9% per year; rating input score 100; 98th percentile among comparable filings
- Revenue growth: 39.6% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 2.1% per year; rating input score 100; 16th percentile among comparable filings
Details
- Where the money goes: 84.4% of revenue deployed · 85.1% of spending went to programs
- Governance: 8 of 13 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $102.8M in reported program spending
- Leadership: top reported pay $1.4M · 21 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 11 annual filings from 2013 to 2023
- Money network: 1 filed money-flow record
- Related organizations: 9 filed related-organization links