RHODE ISLAND HEALTH CARE ASSOC (EIN 050347684) - 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

1972

Legal Domicile

Principal Officer

JOHN E GAGE

Phone

4017329333

Tax Period

2023-01-01 to 2023-12-31

RHODE ISLAND HEALTH CARE ASSOC, founded in 1972, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $946K left a modest 12% surplus.

Mission

THE MISSION OF THE RHODE ISLAND HEALTH CARE ASSOCIATION IS TO ENHANCE ITS MEMBERS' ABILITY TO PROVIDE SUSTAINABLE QUALITY HEALTH CARE AND QUALITY OF LIFE TO THE RESIDENTS OF RHODE ISLAND'S SKILLED NURSING FACILITIES.AS A STATE AFFILIATE OF THE AMERICAN HEALTH CARE ASSOCIATION, RIHCA SUBSCRIBES TO THE NATIONAL ASSOCIATION'S TENETS OF REPRESENTING THE SKILLED NURSING CARE COMMUNITY TO GOVERNMENT, BUSINESS LEADERS, AND THE GENERAL PUBLIC. IT ALSO SERVES AS A FORCE FOR CHANGE WITHIN THE LONG TERM CARE FIELD, PROVIDING INFORMATION, EDUCATION, AND ADMINISTRATIVE TOOLS THAT ENHANCE QUALITY AT EVERY LEVEL.

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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 $76,335

Program Service Revenue $853,904

Investment Income $12,351

Other Revenue $128,504

TOTAL REVENUE $1,071,094

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,535

Fundraising Expenses $0

Other Expenses $565,539

TOTAL EXPENSES $946,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,071,094	$1,032,310	+0.0%
Expenses	$946,074	$1,008,484	-0.1%
Net Income	$125,020	$23,826	+4.2%

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

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

$214,036

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN GAGE	PRESIDENT/CEO	40.00	Officer	$188,439	$25,597	$214,036
TRACIE AREL	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY ARNOLD	FIRST VICE CHAIR	1.00	Officer Director	$0	$0	$0
AKSHAY TALWAR	SECOND VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSH GELLIS	TREASURER	1.00	Officer Director	$0	$0	$0
TREVOR KINNEY	SECRETARY	1.00	Officer Director	$0	$0	$0
JASON CHOPOORIAN	DIRECTOR	1.00	Director	$0	$0	$0
SHAUN COURNOYER	DIRECTOR	1.00	Director	$0	$0	$0
LIZ DAROSA	DIRECTOR	1.00	Director	$0	$0	$0
KAREN LALLY	DIRECTOR	1.00	Director	$0	$0	$0
MARK LESCAULT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCMAHON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MIGA	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO ROTELLO	DIRECTOR	1.00	Director	$0	$0	$0
ARMANI SEPE	DIRECTOR	1.00	Director	$0	$0	$0
LORE STAFFORD	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL CRISCIONE	ASSOC. BUSINESS REP	1.00	Director	$0	$0	$0
KATHERINE NORMAN	VICE PRESIDENT	40.00	Highest	$145,900	$0	$145,900

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	$1,071,094	$946,074	$768,590	$125,020
2022	$1,032,310	$1,008,484	$659,025	$23,826
2021	$973,575	$1,107,706	$622,304	$-134,131
2020	$1,066,374	$1,119,511	$735,994	$-53,137
2019	$923,684	$940,453	$765,845	$-16,769
2018	$871,901	$856,572	$780,812	$15,329

RHODE ISLAND HEALTH CARE ASSOC