Newport Hospital (EIN 050258914) - 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

1873

Legal Domicile

Principal Officer

Nicholas Dominick

Phone

4018466400

Tax Period

2023-10-01 to 2024-09-30

Newport Hospital, founded in 1873, is a major nonprofit in the Health Care sector that reported $170.5M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

As a member hospital in the Brown Health system, Newport Hospital (NH) is committed to its mission: Delivering health with care.

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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 $370,704

Program Service Revenue $163,036,511

Investment Income $7,020,117

Other Revenue $78,399

TOTAL REVENUE $170,505,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,133,173

Fundraising Expenses $0

Program Expenses $137,727,143

Other Expenses $84,878,683

TOTAL EXPENSES $169,011,856

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,505,731	$149,049,913	+0.1%
Expenses	$169,011,856	$143,736,247	+0.2%
Net Income	$1,493,875	$5,313,666	-0.7%

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

Employees

1078

Volunteers

150

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

$4,360,566

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	1.00	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	2.00	Officer	$0	$18,928	$1,212,570
Paul J Adler	Secretary	1.00	Officer	$0	$151,085	$1,077,941
Eva Greenwood	Treasurer	0.50	Officer	$0	$87,891	$737,076
Crista F Durand	President	33.00	Officer	$0	$118,424	$709,857
Nicholas Dominick	Intrm President	35.00	Officer	$0	$99,888	$623,122
G Alan Kurose	Fmr. Trustee	0.00		$0	$11,416	$604,763
Jeffrey T Gaines MD	Chief Medical Officer	40.00		$442,719	$85,746	$528,465
Orla M Brandos	Chief Nursing Officer	40.00		$332,004	$62,636	$394,640
Paul W Parchesky	Dir. Inpatient RX	40.00		$191,754	$38,213	$229,967
Anthony R Romano	Registered Nurse	40.00		$210,011	$5,025	$215,036
Sarah Nekrasz	Intrm Chief Nursing Officer	40.00		$171,679	$37,995	$209,674
Perry J Wein	Director-Op. Room	40.00		$195,360	$9,817	$205,177
Jessica M Piazza	Registered Nurse	40.00		$172,016	$32,075	$204,091
Elizabeth Lima-Tessier	Dir. Emergency Svs	40.00		$176,973	$18,694	$195,667
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	0.50	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	0.20	Director	$0	$0	$0
Michael L Hanna	Trustee	1.00	Director	$0	$0	$0
Philip Kydd	Trustee	1.00	Director	$0	$0	$0
Alan H Litwin	Vice Chair	0.00	Officer Director	$0	$0	$0
Martha B Mainiero MD	Trustee	0.25	Director	$0	$0	$0
Paula McNamara	Trustee	2.00	Director	$0	$0	$0
Steven Pare	Trustee-12/23	3.00	Director	$0	$0	$0
Janet Robinson	Trustee	0.00	Director	$0	$0	$0
Lawrence B Sadwin	Trustee	2.00	Director	$0	$0	$0
Shivan Subramaniam	Trustee	1.00	Director	$0	$0	$0
Angel Taveras	Trustee	0.00	Director	$0	$0	$0
Jane Williams PhD RN	Trustee-12/23	3.00	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	$170,505,731	$169,011,856	$368,653,202	$1,493,875
2023	$149,049,913	$143,736,247	$332,869,228	$5,313,666
2022	$131,097,711	$132,117,552	$317,340,774	$-1,019,841
2021	$147,656,506	$129,859,798	$361,028,051	$17,796,708
2020	$129,356,441	$124,625,759	$317,088,724	$4,730,682
2019	$127,699,454	$121,803,033	$299,224,842	$5,896,421
2018	$125,015,621	$117,402,560	$315,400,939	$7,613,061

Newport Hospital