DELTA DENTAL OF RHODE ISLAND

EIN: 050296998

PROVIDENCE, RI

Total Revenue
$66,618,042
Total Expenses
$65,672,783
Total Assets
$131,064,002
Net Assets
$115,576,900
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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
RI
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

OUR MISSION IS TO DELIVER IMPECCABLE SERVICE, QUALITY AND INNOVATION THAT EXCEEDS EXPECTATIONS. AS EXPERTS IN ORAL HEALTH CARE, WE ARE COMMITTED TO ACCESSIBLE, AFFORDABLE CARE THAT DRIVES IMPROVED HEALTH OUTCOMES.

Program Service Accomplishments

Program 1
Expenses: $47,141,369 Revenue: $62,429,231

DENTAL BENEFITS FOR 407,393 MEMBERS UNDER 204,492 CONTRACTS. THE COMPANY OFFERS A BROAD RANGE OF PREPAID DENTAL CARE COVERAGE OPTIONS AND ADMINISTRATIVE SERVICES TO ORGANIZATIONS PROVIDING SUCH...

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DENTAL BENEFITS FOR 407,393 MEMBERS UNDER 204,492 CONTRACTS. THE COMPANY OFFERS A BROAD RANGE OF PREPAID DENTAL CARE COVERAGE OPTIONS AND ADMINISTRATIVE SERVICES TO ORGANIZATIONS PROVIDING SUCH BENEFITS TO THEIR EMPLOYEES ON A CONTRIBUTORY OR A NONCONTRIBUTORY BASIS.

Program 2
Expenses: $8,271,378 Revenue: $0

AT DELTA DENTAL, WE HAVE A LONG-STANDING TRADITION OF HELPING OUR STATE'S MOST VULNERABLE CITIZENS. IN 2005, WE ESTABLISHED THE DELTA DENTAL OF RHODE ISLAND FUND, FORMALIZING OUR COMMITMENT TO DENTAL...

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AT DELTA DENTAL, WE HAVE A LONG-STANDING TRADITION OF HELPING OUR STATE'S MOST VULNERABLE CITIZENS. IN 2005, WE ESTABLISHED THE DELTA DENTAL OF RHODE ISLAND FUND, FORMALIZING OUR COMMITMENT TO DENTAL HEALTH INITIATIVES IN OUR COMMUNITY. AS A VESTED COMMUNITY PARTNER, WE LEVERAGE THE DELTA DENTAL OF RHODE ISLAND FUND, AS WELL AS OUR ROBUST EMPLOYEE VOLUNTEER PROGRAM, AND MATCHING GIFT PROGRAM TO SUPPORT CRITICAL ORAL HEALTH NEEDS ACROSS THE STATE. GRANTS ARE AWARDED TO QUALIFYING CHARITABLE ORGANIZATIONS FOR PROGRAMS OR CAPITAL EXPENDITURES THAT INCREASE ACCESS TO DENTAL CARE FOR AT-RISK, VULNERABLE RHODE ISLANDERS.

Program 3
Expenses: $0 Revenue: $1,901,729

THE COMPANY PARTICIPATED, PURSUANT TO RISK SHARING AGREEMENTS, IN THREE SEPARATE JOINT VENTURES WITH OTHER DELTA DENTAL MEMBER COMPANIES. PROJECTED LOSSES ARE RECOGNIZED IN THE PERIOD THEY BECOME...

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THE COMPANY PARTICIPATED, PURSUANT TO RISK SHARING AGREEMENTS, IN THREE SEPARATE JOINT VENTURES WITH OTHER DELTA DENTAL MEMBER COMPANIES. PROJECTED LOSSES ARE RECOGNIZED IN THE PERIOD THEY BECOME PROBABLE. CHANGES IN ACCRUED LOSS ESTIMATES ARE REFLECTED IN CURRENT PERIOD OPERATIONS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
16
Independent Members
15
Employees
50
Volunteers
16

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
7
$1,876,658
Total Directors
16
$178,500
Key Employees
2
$826,949
Highest Compensated
5
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
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