PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
ROGER WILLIAMS MEDICAL CENTER'S MISSION IS TO PROVIDE HEALTHCARE SERVICES IN PROVIDENCE, RHODE ISLAND AND SURROUNDING COMMUNITIES.
IN JUNE 2014, SUBSTANTIALLY ALL ASSETS OF ROGER WILLIAMS MEDICAL CENTER WERE TRANSFERRED TO PROSPECT CHARTERCARE, LLC, UNDER A PLAN APPROVED BY THE RHODE ISLAND ATTORNEY GENERAL AND UNDER SUPERVISION...
IN JUNE 2014, SUBSTANTIALLY ALL ASSETS OF ROGER WILLIAMS MEDICAL CENTER WERE TRANSFERRED TO PROSPECT CHARTERCARE, LLC, UNDER A PLAN APPROVED BY THE RHODE ISLAND ATTORNEY GENERAL AND UNDER SUPERVISION OF THE RHODE ISLAND DEPARTMENT OF HEALTH. THE NON-PROFIT CORPORATION REMAINS IN EXISTENCE TO ALLOW FOR THE ORDERLY WIND-DOWN OF THE AFFAIRS OF THE HOSPITAL, PRINCIPALLY THE COLLECTION OF REVENUE FROM MEDICARE AND OTHER THIRD PARTY PAYORS FOR MEDICAL SERVICES PREVIOUSLY PROVIDED AND PAYMENT OBLIGATIONS FOR THE PENSION LIABILITY OF THE HOSPITAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| STEPHEN DEL SESTO | LIQUIDATING RECEIVER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| 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 |
Compare ROGER WILLIAMS MEDICAL CENTER FKA ROGER WILLIAMS HOSPITAL with other nonprofits in Rhode Island and across the country.