Rhode Island Hospital (EIN 050258954) - 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

1863

Legal Domicile

Phone

4014444000

Tax Period

2023-10-01 to 2024-09-30

Rhode Island Hospital, founded in 1863, is a large national nonprofit in the Health Care sector that reported $2.3B in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $2.1B left a modest 8% surplus.

Mission

As a founding hospital in the Brown University Health system, Rhode Island Hospital (RIH) 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 $38,995,557

Program Service Revenue $2,205,549,824

Investment Income $61,956,780

Other Revenue $-9,512,970

TOTAL REVENUE $2,296,989,191

Expense Breakdown

Grants Paid $1,173,873

Salaries & Benefits $796,027,593

Fundraising Expenses $0

Program Expenses $1,926,532,733

Other Expenses $1,315,115,274

TOTAL EXPENSES $2,112,316,740

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,296,989,191	$1,984,938,739	+0.2%
Expenses	$2,112,316,740	$1,953,672,170	+0.1%
Net Income	$184,672,451	$31,266,569	+4.9%

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

9833

Volunteers

642

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

$6,482,049

Total Directors

$4,165,407

Key Employees

$1,574,030

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan H Litwin	Vice Chair	0.0	Officer Director	$0	$0	$0
John Fernandez	CEO	7.0	Officer Director	$0	$307,376	$2,456,122
Lawrence A Aubin Sr	Chair	2.0	Officer Director	$0	$0	$0
Peter Capodilupo	Vice Chair	0.5	Officer Director	$0	$0	$0
Angel Taveras	Trustee (AS OF 12/12/23)	0.0	Director	$0	$0	$0
Chris Cocks	Trustee (AS OF 12/12/23)	0.0	Director	$0	$0	$0
Edward D Feldstein Esq	Trustee	0.5	Director	$0	$0	$0
Emanuel Barrows	Trustee	1.5	Director	$0	$0	$0
Jane Williams	Trustee (Thru 12/23)	7.0	Director	$0	$0	$0
Janet Robinson	Trustee (AS OF 12/12/23)	0.0	Director	$0	$0	$0
Lawrence B Sadwin	Trustee	3.0	Director	$0	$0	$0
Martha B Mainiero MD	Trustee	0.5	Director	$0	$0	$0
Michael L Hanna	Trustee	1.0	Director	$0	$0	$0
Paula McNamara	Trustee (AS OF 12/12/23)	5.0	Director	$0	$0	$0
Phillip Kydd	Trustee	1.0	Director	$0	$0	$0
Roger N Begin	Trustee	2.0	Director	$0	$0	$0
Sarah T Dowling JD LLM	Trustee	3.0	Director	$0	$0	$0
Shivan Subramaniam	Trustee	1.0	Director	$0	$0	$0
Steven Pare	Trustee (Thru 12/23)	5.0	Director	$0	$0	$0
Ziya L Gokaslan MD	Trustee	0.0	Director	$0	$52,686	$1,709,285
Eva Greenwood	Treasurer	0.5	Officer	$0	$87,891	$737,076
G Dean Roye MD	Interim Pres.11/23-6/24	55.0	Officer	$850,449	$147,891	$998,340
Paul J Adler	Secretary	5.0	Officer	$0	$151,085	$1,077,941
Peter K Markell	EVP & CFO	5.0	Officer	$0	$18,928	$1,212,570
Sarah Frost	President and Chief of Hospital Operations (As of 6/24)	50.0	Officer	$0	$0	$0
Cynthia H Danner	Chief Nursing Officer	40.0	Key Emp	$520,461	$19,474	$539,935
Michael Dawson	VP of Finance	40.0	Key Emp	$345,173	$65,800	$410,973
Nicholas P Dominick	SVP of Service Lines	40.0	Key Emp	$0	$99,888	$623,122
Christine Collins	SVP Pharmacy	40.0	Highest	$411,919	$92,163	$504,082
Eric Klein Phd	Physician	40.0	Highest	$399,477	$43,013	$442,490
Jessica L Smith MD	Physician	40.0	Highest	$398,338	$21,808	$420,146
Sean Deoni	Physician	40.0	Highest	$885,000	$0	$885,000
Tracey L Wallace	SVP Clinical Svcs	40.0	Highest	$366,891	$67,293	$434,184
G Alan Kurose MD	Fmr. Trustee	0.0		$0	$11,416	$604,763
Saul N Weingart MD	Fmr. President	0.0		$0	$359,560	$1,297,289
Timothy J Babineau	Fmr. Trustee	0.0		$0	$1,336,393	$3,679,676
Todd A Conklin CPA	Fmr. Key Employee	0.0		$116,826	$3,532	$120,358

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	$2,296,989,191	$2,112,316,740	$1,833,203,164	$184,672,451
2023	$1,984,938,739	$1,953,672,170	$1,459,844,730	$31,266,569
2022	$1,753,524,485	$1,793,704,280	$1,447,653,955	$-40,179,795
2021	$1,811,390,972	$1,734,956,852	$1,719,350,721	$76,434,120
2020	$1,609,761,330	$1,589,053,383	$1,444,910,459	$20,707,947
2019	$1,498,069,125	$1,527,645,723	$1,274,041,361	$-29,576,598
2018	$1,446,971,982	$1,437,086,193	$1,284,809,986	$9,885,789

Rhode Island Hospital