Newport Hospital

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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, NH is committed to its mission: Delivering health with care.

Program Service Accomplishments

Program 1

Expenses: $74,476,106

During the fiscal year ended September 30, 2024, NH reported 31,960 inpatient days, 5,898 discharges, 403 newborn deliveries, and 500 inpatient surgeries. NH provides a range of diagnostic...

During the fiscal year ended September 30, 2024, NH reported 31,960 inpatient days, 5,898 discharges, 403 newborn deliveries, and 500 inpatient surgeries. NH provides a range of diagnostic therapeutic healthcare services including: behavioral medicine, cardiac services, obstetrics, orthopedics, pulmonary medicine, and cancer care. (See also Schedule O, Part III, Line 4a)

Program 2

Expenses: $57,054,699

NH provides certain healthcare services on an outpatient basis. In fiscal year 2024, NH experienced outpatient volume of 53,696 equivalent outpatient days and performed 2,272 outpatient surgeries...

NH provides certain healthcare services on an outpatient basis. In fiscal year 2024, NH experienced outpatient volume of 53,696 equivalent outpatient days and performed 2,272 outpatient surgeries. Outpatient services are also provided in NH's Emergency Department, which had 34,088 patient visits in fiscal year 2024.(See also Schedule O, Part III, Line 4b)

Program 3

Expenses: $6,196,338

The Noreen Stonor Drexel Birthing Center (the Center) at NH delivered 403 newborns during the fiscal year ended September 30, 2023. The Center is a separate unit at NH for labor and delivery...

The Noreen Stonor Drexel Birthing Center (the Center) at NH delivered 403 newborns during the fiscal year ended September 30, 2023. The Center is a separate unit at NH for labor and delivery, enabling patients to remain in the same location for labor, delivery, recovery, and postpartum care. The Center's staff includes board-certified obstetricians, pediatricians, family practitioners, anesthesiologists, a certified nurse midwife, and registered nurses who have received national certifications in obstetrical nursing. The Center at NH has received the "Baby Friendly" designation from the World Health Organization and UNICEF.

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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