WIH FACULTY PHYSICIANS INC (EIN 043579432) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

SHANNON SULLIVAN

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

WIH FACULTY PHYSICIANS INC, founded in 2001, is a community nonprofit in the Health Care sector that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.9M exceeded revenue, resulting in a 60% operating deficit.

Mission

WIH FACULTY PHYSICIANS, INC. PROVIDES HEALTHCARE SERVICES TO RHODE ISLAND & SURROUNDING COMMUNITIES INCLUDING SERVING A SIGNIFICANT NUMBER OF MEDICAID & INDIGENT PATIENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,827,496

Investment Income $351

Other Revenue $0

TOTAL REVENUE $1,827,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,635,729

Other Expenses $2,928,587

TOTAL EXPENSES $2,928,587

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,827,847	$1,581,498	+0.2%
Expenses	$2,928,587	$2,558,105	+0.1%
Net Income	$-1,100,740	$-976,607	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,581,387

Total Directors

$2,495,021

Key Employees

$799,871

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHANNON SULLIVAN	DIRECTOR-PRESIDENT/COO/WIH	55.0	Officer Director	$0	$96,163	$800,222
METHODIUS G TUULI MD	VP OF MEDICAL AFFAIRS	55.0	Key Emp	$0	$83,787	$799,871
PAUL DI SILVESTRO MD	DIRECTOR	55.0	Director	$0	$63,036	$622,068
JILL L MARON MD MPH	PRESIDENT - DIRECTOR	55.0	Officer Director	$0	$2,540	$557,501
STEPHEN R CARR MD	DIRECTOR	55.0	Director	$0	$50,064	$291,566
THOMAS P RICCI III	TREASURER - DIRECTOR	55.0	Officer Director	$0	$26,780	$223,664

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,827,847	$2,928,587	$1,325,166	$-1,100,740
2023	$1,581,498	$2,558,105	$1,391,460	$-976,607
2022	$1,783,967	$2,412,367	$178,316	$-628,400
2021	$2,223,524	$2,367,380	$178,867	$-143,856
2020	$1,768,008	$2,015,675	$372,896	$-247,667
2019	$1,993,593	$2,780,812	$318,211	$-787,219
2018	$1,269,916	$2,119,410	$363,872	$-849,494

WIH FACULTY PHYSICIANS INC