WOMEN & INFANTS HOSPITAL OF RI (EIN 050258937) - 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

1884

Legal Domicile

Principal Officer

SHANNON SULLIVAN

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

WOMEN & INFANTS HOSPITAL OF RI, founded in 1884, is a major nonprofit in the Health Care sector that reported $595.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $554.6M left a modest 7% surplus.

Mission

THE ORGANIZATION IS A TEACHING HOSPITAL COMMITTED TO CONTINUALLY IMPROVE THE HEALTH & WELL-BEING OF WOMEN & INFANTS & PROVIDE ESSENTIAL SERVICES REGARDLESS OF ABILITY TO PAY.

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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 $7,839,421

Program Service Revenue $581,969,847

Investment Income $3,410,588

Other Revenue $1,878,126

TOTAL REVENUE $595,097,982

Expense Breakdown

Grants Paid $117,032

Salaries & Benefits $240,493,535

Fundraising Expenses $0

Program Expenses $499,150,911

Other Expenses $313,988,553

TOTAL EXPENSES $554,599,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,097,982	$542,139,572	+0.1%
Expenses	$554,599,120	$529,850,153	+0.0%
Net Income	$40,498,862	$12,289,419	+2.3%

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

2718

Volunteers

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

$4,589,983

Total Directors

$2,968,398

Key Employees

$1,350,397

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E WAGNER MD	DIRECTOR - PRESIDENT/CEO/CNE	55.0	Officer Director	$0	$32,601	$1,721,011
JAMES E FANALE MD	FORMER OFFICER	0.0		$0	$140,001	$1,457,642
F JOSEPH IANNONI	FORMER OFFICER	0.0		$0	$83,899	$890,828
SHANNON SULLIVAN	PRESIDENT & COO	55.0	Officer	$704,059	$96,163	$800,222
METHODIUS TUULI MD	VP OF MEDICAL AFFAIRS	55.0	Highest	$716,084	$83,787	$799,871
RAYMOND O POWRIE MD	EXECUTIVE CHIEF OF MEDICINE	55.0	Officer	$741,865	$33,225	$775,090
TODD A CONKLIN	ASST. TREAS./EVP/CFO/CNE	55.0	Officer	$0	$26,659	$733,881
KEVIN BAILL MD	DIRECTOR - MED DIR OP SVCS/BH	55.0	Director	$0	$52,549	$635,307
ANA TUYA FULTON MD	DIR-CHIEF POP HLTH OFF/CNE	55.0	Director	$0	$21,160	$612,080
ASHLEY M TAYLOR ESQ	ASST. SEC./GEN. COUNSEL/CNE	55.0	Officer	$0	$17,484	$559,779
NEJAT ZEYNELOGLU MD	CMO	55.0	Key Emp	$444,374	$19,039	$463,413
KENNETH CHEN MD	DIV DIR OF OB/GYN	55.0	Highest	$337,910	$40,012	$377,922
KIM FRANCIS PHD PHCNS-BC	CNO	55.0	Key Emp	$313,638	$22,713	$336,351
MAE MEDEIROS	VP - CNE LABORATORY SERVICES	55.0	Key Emp	$282,072	$44,897	$326,969
GERALYN M MESSERLIAN	DIR MED SCREEN & SPEC TEST	55.0	Highest	$266,779	$51,529	$318,308
BARRY M LESTER PHD	DIR BROWN CENTER BCSCR	55.0	Highest	$216,167	$36,244	$252,411
ELIZABETH ROCHIN PHD RN LSSGB	PRESIDENT NPIC	55.0	Highest	$211,335	$30,593	$241,928
THOMAS P RICCI III	VP - FINANCE	55.0	Key Emp	$44,387	$26,780	$223,664
MARYBETH TAUB	FORMER KEY EMPLOYEE	0.0		$191,869	$17,410	$209,279
COLLEEN M RAMOS MBA	FORMER KEY EMPLOYEE	0.0		$0	$15,736	$155,890
GARY E FURTADO	CHAIRMAN - DIRECTOR	1.0	Officer Director	$0	$0	$0
R STEPHEN MANTY	VICE CHAIR/TREASURER-DIRECTOR	1.0	Officer Director	$0	$0	$0
JAMES A BOTVIN	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
SHARON CONARD-WELLS	DIRECTOR	1.0	Director	$0	$0	$0
CAROLYN MASTERS PHD RN	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH J MCGAIR ESQ	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK J MURRAY JR	DIRECTOR	1.0	Director	$0	$0	$0
PETER PHILIPS	DIRECTOR	1.0	Director	$0	$0	$0
JUDITH REMONDI	DIRECTOR	1.0	Director	$0	$0	$0
CHARLES R REPPUCCI ESQ	DIRECTOR	1.0	Director	$0	$0	$0
MARIBETH Q WILLIAMSON	DIRECTOR	1.0	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	$595,097,982	$554,599,120	$503,255,559	$40,498,862
2023	$542,139,572	$529,850,153	$448,203,105	$12,289,419
2022	$531,967,885	$506,853,732	$430,911,606	$25,114,153
2021	$496,983,161	$495,825,616	$407,416,108	$1,157,545
2020	$484,082,923	$489,528,161	$395,028,534	$-5,445,238
2019	$487,135,304	$491,135,942	$331,802,591	$-4,000,638
2018	$484,343,833	$470,009,365	$336,143,544	$14,334,468

WOMEN & INFANTS HOSPITAL OF RI