The Miriam Hospital

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1926

Legal Domicile

Principal Officer

Maria P Ducharme

Phone

4017932500

Tax Period

2023-10-01 to 2024-09-30

The Miriam Hospital, founded in 1926, is a major nonprofit in the Health Care sector that reported $755.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $722.7M left a modest 4% surplus.

Mission

As a founding hospital in the Brown University Health system, TMH is committed to its mission: Delivering health with care.

Program Service Accomplishments

Program 1

Expenses: $547,976,662 Revenue: $659,084,684

Patient Care:TMH offers expertise in cardiology, oncology, orthopedics, men's health, and minimally invasive surgery, and is home to the State's first Joint Commission- certified Stroke Center and...

Patient Care:TMH offers expertise in cardiology, oncology, orthopedics, men's health, and minimally invasive surgery, and is home to the State's first Joint Commission- certified Stroke Center and robotic surgery program. Services and programs provided by TMH also include anesthesiology; general medicine; general surgery; psychiatry; emergency medicine; cardiovascular care; orthopedics; dermatology; nuclear cardiology; radiology; laboratory; renal dialysis; urology; gastroenterology; endocrinology; gynecology; nephrology; neurology; and ophthalmology. (Continued on Schedule O).

Program 2

Expenses: $54,626,625 Revenue: $51,744,625

Research:TMH has 428 research projects with total expenses of $51.7 million in fiscal year 2024 (106 investigators and 170 employees). TMH conducts extensive medical research and is in the forefront of biomedical health care delivery research and among the leaders nationally in National Institutes of Health programs. TMH also sponsors a significant level of these research activities. Federal support accounts for approximately ???% of all externally funded research at TMH. Researchers focus on clinical trials which investigate prevention and treatment of HIV/AIDS, obesity, cancer, diabetes, cardiac disease, and mental health concerns. Included in total program expenses and revenue are $???K of research grants from for-profit organizations that are not reported in Schedule H.(See Schedule O).

Program 3

Expenses: $30,575,525 Revenue: $6,108,871

Medical Education:TMH provides the setting for and substantially supports medical education in various clinical training and nursing programs. TMH is designated as a major teaching affiliate of The Warren Alpert Medical School of Brown University. The total cost of direct medical education provided by TMH exceeded the reimbursement received from third-party payors by $24.5 million in fiscal year 2024. (Continued on Schedule O).

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,087,083

Program Service Revenue $695,247,024

Investment Income $28,765,082

Other Revenue $24,723,455

TOTAL REVENUE $755,822,644

Expense Breakdown

Grants Paid $204,430

Salaries & Benefits $311,463,090

Fundraising Expenses $0

Program Expenses $633,178,812

Other Expenses $411,022,850

TOTAL EXPENSES $722,690,370

Year-over-Year Comparison

	2023	2022	Change
Revenue	$755,822,644	$646,367,683	+0.2%
Expenses	$722,690,370	$625,130,728	+0.2%
Net Income	$33,132,274	$21,236,955	+0.6%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

4275

Volunteers

278

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

$3,847,809

Total Directors

$4,165,407

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy J Babineau	Fmr. Trustee	0.00		$0	$1,336,393	$3,679,676
John Fernandez	Trustee	7.00	Director	$0	$307,376	$2,456,122
Ziya L Gokaslan MD	Trustee	0.50	Director	$0	$52,686	$1,709,285
Peter K Markell	EVP & CFO	5.00	Officer	$0	$18,928	$1,212,570
Paul J Adler	Secretary	5.00	Officer	$0	$151,085	$1,077,941
Maria P Ducharme	President	40.00	Officer	$0	$129,757	$820,222
Eva Greenwood	Treasurer	0.50	Officer	$0	$87,891	$737,076
G Alan Kurose	Fmr. Trustee	0.00		$0	$11,416	$604,763
Mark A Deitch MD	Chief Medical Officer	40.00		$512,703	$83,106	$595,809
Janine Lairmore	VP-CVI	40.00		$359,576	$73,925	$433,501
Vanzetta V James DNP	Chief Nursing Officer	40.00		$406,215	$12,240	$418,455
Laura R Stroud	Dir. Ctr Behavior	40.00		$360,592	$49,913	$410,505
Rena R Wing	Sr. Research	40.00		$348,240	$42,404	$390,644
Jill Underwood	Reg. Nurse	40.00		$247,855	$21,753	$269,608
Erin P Avanzo	Reg. Nurse	40.00		$223,595	$488	$224,083
Arthur J Sampson	Fmr. Trustee	0.00		$0	$0	$87,962
Lawrence A Aubin Sr	Chair	0.50	Officer Director	$0	$0	$0
Emanuel Barrows	Trustee	1.50	Director	$0	$0	$0
Roger N Begin	Trustee	2.00	Director	$0	$0	$0
Peter Capodilupo	Vice Chair	0.00	Officer Director	$0	$0	$0
Chris Cocks	Trustee	0.00	Director	$0	$0	$0
Sarah T Dowling JD LLM	Trustee	0.00	Director	$0	$0	$0
Edward D Feldstein Esq	Trustee	0.50	Director	$0	$0	$0
Michael L Hanna	Trustee	0.50	Director	$0	$0	$0
Phillip Kydd	Trustee	1.00	Director	$0	$0	$0
Alan H Litwin	Vice Chair	2.00	Officer Director	$0	$0	$0
Martha B Mainiero MD	Trustee	0.25	Director	$0	$0	$0
Paula McNamara	Trustee	0.00	Director	$0	$0	$0
Steven Pare	Trustee-12/23	0.00	Director	$0	$0	$0
Janet Robinson	Trustee	0.00	Director	$0	$0	$0
Lawrence B Sadwin	Trustee	1.00	Director	$0	$0	$0
Shivan Subramaniam	Trustee	0.25	Director	$0	$0	$0
Angel Taveras	Trustee	0.00	Director	$0	$0	$0
Jane Williams PhD RN	Trustee-12/23	5.00	Director	$0	$0	$0

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	$755,822,644	$722,690,370	$800,046,092	$33,132,274
2023	$646,367,683	$625,130,728	$617,235,590	$21,236,955
2022	$575,296,434	$583,023,582	$609,336,095	$-7,727,148
2021	$598,924,243	$558,583,899	$711,733,403	$40,340,344
2020	$535,033,178	$522,350,075	$610,276,986	$12,683,103
2019	$540,117,766	$516,604,904	$503,803,274	$23,512,862
2018	$501,243,940	$481,231,002	$497,912,272	$20,012,938