The Miriam Hospital Foundation

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Principal Officer

Maria Ducharme DNP RN NEA-BC

Phone

4014446500

Tax Period

2023-10-01 to 2024-09-30

The Miriam Hospital Foundation, founded in 1978, is a mid-sized nonprofit in the Health Care sector that reported $13.8M in total revenue in fiscal year 2023. Revenue surged 225% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.5M, a strong 61% operating margin.

Mission

To be operated exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of Brown University Health and its affiliates.

Program Service Accomplishments

Program 1

Expenses: $2,195,139

Through the development and administration of its philanthropic activities, in fiscal year 2024 The Miriam Hospital Foundation (TMHF) transferred funds raised in the aggregate amount of $2,195,139 to TMH to support its operations and capital expenditures, which in turn benefits the Rhode Island community. Most notably, TMHF transferred $250,000 to GI Cancer Research Fund and $230,587 to TMH's Emergency Department to be used for its operational needs. Please see Schedule O of Form 990 for further detail related to other significant TMH programs which TMHF supported via philanthropy received during the fiscal year.

Program 2

Expenses: $978,336

During fiscal year 2024, TMHF granted $978,336 from its unrestricted net assets to TMH to be used in support of the following areas: (1) to support TMH Lean Daily Management Program ($250,000); (2) to TMH's Human Experience Institute to provide training and facilitate education ($220,240); (3) $120,000 to TMH's to support two Transition Care Coordinator's salaries; (4) to provide general support to TMH ($101,655); (5) general support to TMH Staff and Patient Wellness Program ($100,000); (6) to provide salary support for a full time Mental Health Psychologist ($99,877); (7) TMH's Complex Care Social Work grant ($85,000); and (8) nursing education and research at TMH ($80,000).

Program 3

Expenses: $480,366

TMHF transferred $480,366 to support the expansion of Mobile Integrated Healthcare (MIH) by hiring a second community health worker dedicated to The Miriam Emergency Department, as well as a mobile integrated healthcare program coordinator, and provide funds needed for staff and patient care supplies. MIH brings care to patients outside of the hospital setting using mobile resources. Skilled medical staff, paramedics, and community health workers, collaborate to provide patients with the care they need, wherever their home is. This includes helping them access primary care physicians, follow up care after a hospital admission, wound and burn care support, and chronic disease management, as well as food and housing insecurity resources.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $7,655,111

Program Service Revenue $0

Investment Income $6,392,827

Other Revenue $-208,624

TOTAL REVENUE $13,839,314

Expense Breakdown

Grants Paid $3,976,550

Salaries & Benefits $0

Fundraising Expenses $1,341,164

Program Expenses $3,976,550

Other Expenses $1,369,779

TOTAL EXPENSES $5,346,329

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,839,314	$4,258,523	+2.2%
Expenses	$5,346,329	$5,307,477	+0.0%
Net Income	$8,492,985	$-1,048,954	-9.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

125

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

$1,865,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Peter K Markell	EVP & CFO	0.10	Officer	$0	$18,928	$1,212,570
Maria P Ducharme	President	2.00	Officer	$0	$129,757	$652,991
Arthur J Sampson	Fmr. President	0.00		$0	$0	$87,962
Gale Aronson	Trustee	1.00	Director	$0	$0	$0
Robert L Bahr MD	Trustee	1.00	Director	$0	$0	$0
Susan Bazar	Trustee- 12/23	1.00	Director	$0	$0	$0
Joseph Brito Jr	Trustee	0.10	Director	$0	$0	$0
Gary Bubly MD	Trustee	0.10	Director	$0	$0	$0
E Colby Cameron Esq	Trustee	0.05	Director	$0	$0	$0
Sherry S Cohen	Trustee	1.00	Director	$0	$0	$0
Grace Dugan	Trustee	0.05	Director	$0	$0	$0
Robin Engle	Trustee	0.05	Director	$0	$0	$0
Jonathon Fain	Trustee	0.08	Director	$0	$0	$0
Stuart Feldman	Trustee	1.00	Director	$0	$0	$0
Brett Gerstenblatt	Trustee	2.00	Director	$0	$0	$0
Almon Hall	Treasurer	1.00	Officer Director	$0	$0	$0
Steven J Issa	Vice Chair	2.00	Officer Director	$0	$0	$0
Deborah G Jaffe	Secretary	0.25	Officer Director	$0	$0	$0
Susan H Kaplan	Chair	6.00	Officer Director	$0	$0	$0
Bertram M Lederer	Trustee- 12/23	1.50	Director	$0	$0	$0
Marianne T Litwin	Trustee	1.00	Director	$0	$0	$0
Jamie Manville	Trustee	0.00	Director	$0	$0	$0
Marcus P Mitchell	Trustee	4.00	Director	$0	$0	$0
Joseph Perroni	Trustee	0.10	Director	$0	$0	$0
Michael Prescott	Trustee	0.10	Director	$0	$0	$0
Carolyn Roberts	Trustee	0.10	Director	$0	$0	$0
James V Rosati	Trustee	0.25	Director	$0	$0	$0
Lawrence B Sadwin	Trustee- 12/23	1.00	Director	$0	$0	$0
Fred J Schiffman MD	Trustee	2.00	Director	$0	$0	$0
Sheri Sweitzer	Trustee	3.00	Director	$0	$0	$0
William C Tsonos	Trustee	0.10	Director	$0	$0	$0
Matthew P Vrees MD	Trustee	1.00	Director	$0	$0	$0
Edward J Wing MD	Trustee	0.33	Director	$0	$0	$0

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	$13,839,314	$5,346,329	$78,825,882	$8,492,985
2023	$4,258,523	$5,307,477	$64,719,747	$-1,048,954
2022	$3,484,075	$6,540,493	$62,680,130	$-3,056,418
2021	$8,929,843	$4,287,832	$73,197,899	$4,642,011
2020	$4,654,359	$4,579,412	$60,789,877	$74,947
2019	$4,887,211	$4,347,674	$58,479,483	$539,537
2018	$4,924,253	$4,458,266	$59,241,247	$465,987