HOSPITAL ASSOCIATION OF RHODE ISLAND

EIN: 050275206

PROVIDENCE, RI

Total Revenue
$2,632,739
Total Expenses
$3,002,789
Total Assets
$1,895,312
Net Assets
$1,181,914
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1947
Legal Domicile
RI
Principal Officer
HOWARD DULUDE
Phone
4014432803
Tax Period
2023-10-01 to 2024-09-30

HOSPITAL ASSOCIATION OF RHODE ISLAND, founded in 1947, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Expenses of $3.0M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO BE A PROACTIVE ADVOCATE FOR THE HOSPITALS IN RHODE ISLAND THAT IS CAPABLE OF WORKING FOR AND WITH THE HOSPITALS TO POSITIVELY INFLUENCE PUBLIC OPINION, LEGISLATIVE OUTCOMES AND REGULATORY POLICY. THE PURPOSE OF SUCH ADVOCACY IS TO FACILITATE THE HOSPITALS' MISSION OF PROVIDING QUALITY HEALTH CARE TO PEOPLE.

Program Service Accomplishments

Program 1

MEMBERSHIP DUES - PROVIDE MEMBER HOSPITALS WITH INFORMATION RELATING TO INDUSTRY MATTERS AND EDUCATION TO IMPROVE EFFICIENCY AND PROMOTE PATIENT WELFARE.

Program 2

CANCER REGISTRY - EXPENSES ASSOCIATED WITH THE DEVELOPMENT OF REPORTS EXAMINING ALL ASPECTS OF CANCER IN RHODE ISLAND.

Program 3

EMERGENCY PREPAREDNESS - PUBLIC HEALTH EMERGENCY PLANNING AND DEVELOPMENT FOR RHODE ISLAND HOSPITALS FOR THE SUPPORT OF HOSPITAL PREPAREDNESS PLANNING AND HOSPITAL EMERGENCY PLANNING...

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EMERGENCY PREPAREDNESS - PUBLIC HEALTH EMERGENCY PLANNING AND DEVELOPMENT FOR RHODE ISLAND HOSPITALS FOR THE SUPPORT OF HOSPITAL PREPAREDNESS PLANNING AND HOSPITAL EMERGENCY PLANNING ACTIVITIES.ADMINISTRATION FOR STRATEGIC PREPAREDNESS AND RESPONSE (ASPR) GRANT - ASSIST HOSPITALS WITH FINANCIAL CRISIS AND EQUIPMENT FUNDING DUE TO COVID-19.PARTNERSHIP TO REDUCE CANCER IN RI - BRING TOGETHER CANCER RELATED ORGANIZATIONS AND PROMOTE CANCER AWARENESS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $733,287
Program Service Revenue $1,751,320
Investment Income $53,553
Other Revenue $94,579
TOTAL REVENUE $2,632,739

Expense Breakdown

Grants Paid $17,573
Salaries & Benefits $2,167,796
Fundraising Expenses $0
Other Expenses $817,420
TOTAL EXPENSES $3,002,789

Year-over-Year Comparison

2023 2022 Change
Revenue $2,632,739 $2,546,442 +0.0%
Expenses $3,002,789 $2,582,596 +0.2%
Net Income $-370,050 $-36,154 +9.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
18
Employees
16
Volunteers
22

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
$494,705
Total Directors
22
$494,705
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD DULUDE - VP FINANCE TO 6/24, INTERIM PRES FROM 8/24 40.00
Officer Director
$124,394 $33,000 $157,394
MARY MARRAN CHAIR 1.00
Officer Director
$0 $0 $0
AARON ROBINSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL SOUZA MEMBER 1.00
Director
$0 $0 $0
MARIA DUCHARME MEMBER 1.00
Director
$0 $0 $0
CRISTA DURAND MEMBER 1.00
Director
$0 $0 $0
JOHN FERNANDEZ MEMBER (UNTIL 6/2024) 1.00
Director
$0 $0 $0
SARAH FROST MEMBER (FROM 6/2024) 1.00
Director
$0 $0 $0
ANA TUYA FULTON MEMBER 1.00
Director
$0 $0 $0
SHERI GODFRIN MEMBER (FROM 6/2024) 1.00
Director
$0 $0 $0
PAARI GOPALAKRISHNAN MEMBER 1.00
Director
$0 $0 $0
BRETT JOHNSON MEMBER 1.00
Director
$0 $0 $0
JEFFREY LIEBMAN MEMBER 1.00
Director
$0 $0 $0
RICHARD LISITANO MEMBER 1.00
Director
$0 $0 $0
EDWARD D MCGOOKIN MEMBER 1.00
Director
$0 $0 $0
BRENDA L MELONE MEMBER (UNTIL 5/2024) 1.00
Director
$0 $0 $0
AMANDA OBERLIES MEMBER 1.00
Director
$0 $0 $0
DANIEL PARKINSON MEMBER (FROM 6/2024) 1.00
Director
$0 $0 $0
PATRICIA POITEVIEN MEMBER 1.00
Director
$0 $0 $0
HENRY SACHS MEMBER 1.00
Director
$0 $0 $0
SHANNON SULLIVAN MEMBER 1.00
Director
$0 $0 $0
TERESA PAIVA WEED PRESIDENT (UNTIL 8/2024) 40.00
Officer Director
$306,429 $30,882 $337,311
LISA TOMASSO VP OF STRATEGY & PUBLIC RELATIONS 40.00
Highest
$176,934 $19,644 $196,578
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 $2,632,739 $3,002,789 $1,895,312 $-370,050
2023 $2,546,442 $2,582,596 $1,737,755 $-36,154
2022 $2,589,217 $2,565,352 $1,648,804 $23,865
2021 $3,455,689 $3,668,913 $1,848,755 $-213,224
2020 $2,666,516 $2,544,778 $1,997,979 $121,738
2019 $2,476,478 $2,447,148 $1,932,071 $29,330
2018 $2,342,474 $2,243,519 $2,019,907 $98,955
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