DELTA DENTAL OF RHODE ISLAND (EIN 050296998) - 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

1959

Legal Domicile

Principal Officer

JOSEPH R PERRONI

Phone

4017526000

Tax Period

2023-01-01 to 2023-12-31

DELTA DENTAL OF RHODE ISLAND, founded in 1959, is a mid-sized nonprofit that reported $66.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE COST EFFECTIVE GROUP DENTAL INSURANCE TO THE RHODE ISLAND BUSINESS 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 $64,330,960

Investment Income $2,189,591

Other Revenue $97,491

TOTAL REVENUE $66,618,042

Expense Breakdown

Grants Paid $2,656,723

Salaries & Benefits $11,222,888

Fundraising Expenses $0

Program Expenses $55,412,747

Other Expenses $7,274,726

TOTAL EXPENSES $65,672,783

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,618,042	$66,195,007	+0.0%
Expenses	$65,672,783	$60,001,581	+0.1%
Net Income	$945,259	$6,193,426	-0.8%

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

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

$1,876,658

Total Directors

$178,500

Key Employees

$826,949

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN T RUGGIERI	CHAIR	1.00	Officer Director	$19,950	$0	$19,950
JAMES V ROSATI	VICE CHAIR	1.00	Officer Director	$15,000	$0	$15,000
MARC A PAULHUS	DIRECTOR	1.00	Director	$14,400	$0	$14,400
STEVEN ISSA	DIRECTOR	1.00	Director	$13,800	$0	$13,800
EDWIN J SANTOS	DIRECTOR	1.00	Director	$12,600	$0	$12,600
COLIN P KANE	DIRECTOR	1.00	Director	$12,000	$0	$12,000
JONATHAN W HALL	DIRECTOR	1.00	Director	$11,400	$0	$11,400
JUNIOR JABBIE	DIRECTOR	1.00	Director	$10,800	$0	$10,800
HEATHER A PROVINO	DIRECTOR	1.00	Director	$10,800	$0	$10,800
ELIZABETH CATUCCI	DIRECTOR	1.00	Director	$10,200	$0	$10,200
PETE HAYES	DIRECTOR	1.00	Director	$9,900	$0	$9,900
MARK SHAW	DIRECTOR	1.00	Director	$9,600	$0	$9,600
DR THOMAS ENRIGHT	DIRECTOR	1.00	Director	$9,000	$0	$9,000
CHRISTINE GADBOIS	DIRECTOR	1.00	Director	$9,000	$0	$9,000
FRANCIS J FLYNN	DIRECTOR	1.00	Director	$7,050	$0	$7,050
MICHAEL F SABITONI	DIRECTOR (AS OF 04/23)	1.00	Director	$3,000	$0	$3,000
JOSEPH R PERRONI	PRESIDENT & CEO	40.00	Officer	$809,177	$70,181	$879,358
RICHARD A FRITZ	SR VP FINANCE & CFO	40.00	Officer	$496,121	$64,551	$560,672
GEORGE J BEDARD	CONTROLLER (THRU 12/23)	40.00	Officer	$171,122	$41,410	$212,532
MELISSA GENNARI	AVP & DIRECTOR COMPLIANCE	40.00	Officer	$170,380	$18,766	$189,146
WILLIAM LANDRY	SECRETARY	1.00	Officer	$0	$0	$0
THOMAS D CHASE	COO	40.00	Key Emp	$507,336	$65,216	$572,552
WENDY DUNCAN	VP MARKETING & EXTERNAL AF	40.00	Key Emp	$239,906	$14,491	$254,397
ELIZABETH WALSH	SR DIRECTOR HUMAN RESOURCES	40.00	Highest	$148,839	$42,777	$191,616
JAMES KINNEY	VP SALES AND BUSINESS RELATIONS	40.00	Highest	$335,647	$61,658	$397,305
ELLEN M HENDRIX	VP UNDERWRITING	40.00	Highest	$282,781	$54,382	$337,163
ANGELO PEZZULLO	SR ADV SALES & BUSINESS RELATIONS	40.00	Highest	$206,031	$49,498	$255,529
DUANE S EASTER	DIRECTOR OF FINANCE	40.00	Highest	$177,310	$44,431	$221,741
JOSEPH NAGLE	FORMER PRESIDENT & CEO (THRU 06/19)	40.00		$123,562	$0	$123,562

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	No data	No data	No data	No data
2023	$66,618,042	$65,672,783	$131,064,002	$945,259
2022	$66,195,007	$60,001,581	$125,388,328	$6,193,426
2021	$64,453,283	$71,186,317	$133,512,428	$-6,733,034
2020	$85,312,544	$82,079,069	$125,837,078	$3,233,475
2019	$119,653,350	$115,619,511	$129,957,737	$4,033,839
2018	$207,761,148	$202,800,710	$118,476,917	$4,960,438

DELTA DENTAL OF RHODE ISLAND