South Shore Medical Center Inc
Overview
Mission
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.
What it reported doing in 2023
South 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.
Operating model
- Revenue model
- Earned-program. 86% 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
- 042297845
- IRS 990 coverage
- 2010–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- Norwell, MA, USA
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most filed governance safeguards are in place. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 55
- Accountability: 73
- Sustainability: 11
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.4%; rating input score 98
- Program expense ratio: 86.4%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 14th 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: No; rating input score 0
- 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: 8 of 9 controls in place; rating input score 89
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -14%; rating input score 6; 6th percentile among comparable filings
- Operating reserve ratio: 0.54; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 1.28; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 4.5%; rating input score 20; 20th percentile among comparable filings
Growth
- Program expense growth: -4.6% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -4.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 8% per year; rating input score 100; 59th percentile among comparable filings
Details
- Where the money goes: 98.4% of revenue deployed · 86.4% of spending went to programs
- Governance: 8 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $84.9M in reported program spending
- Leadership: top reported pay $1.4M · 28 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 annual filings from 2010 to 2023
- Money network: 7 filed money-flow records
- Related organizations: 9 filed related-organization links