ROGER WILLIAMS MEDICAL CENTER FKA ROGER WILLIAMS HOSPITAL (EIN 050258959) - 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

1904

Legal Domicile

Principal Officer

STEPHEN DEL SESTO

Phone

4014536400

Tax Period

2023-10-01 to 2024-09-30

ROGER WILLIAMS MEDICAL CENTER FKA ROGER WILLIAMS HOSPITAL, founded in 1904, is a micro nonprofit that reported $46K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 30% operating deficit.

Mission

ROGER WILLIAMS MEDICAL CENTER'S MISSION IS TO PROVIDE HEALTHCARE SERVICES IN PROVIDENCE, RHODE ISLAND AND SURROUNDING COMMUNITIES.

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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 $0

Program Service Revenue $0

Investment Income $46,138

Other Revenue $23

TOTAL REVENUE $46,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $60,050

TOTAL EXPENSES $60,050

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,161	$163,237	-0.7%
Expenses	$60,050	$181,395	-0.7%
Net Income	$-13,889	$-18,158	-0.2%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN DEL SESTO	LIQUIDATING RECEIVER	1.00	Officer 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	$46,161	$60,050	$1,022,361	$-13,889
2023	$163,237	$181,395	$985,022	$-18,158
2022	$227,611	$530,422	$1,002,054	$-302,811
2021	$4,062,400	$198,844	$1,304,751	$3,863,556
2020	$208,199	$10,138,792	$1,034,466	$-9,930,593
2019	$63,497	$674,007	$10,961,592	$-610,510
2018	$1,743,786	$1,712,889	$11,512,242	$30,897

ROGER WILLIAMS MEDICAL CENTER FKA ROGER WILLIAMS HOSPITAL