PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RHODE ISLAND PUBLIC EMPLOYEES' HEALTH SERVICES FUND, founded in 1980, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.3M, a strong 40% operating margin.
TO PROCURE HEALTH AND RELATED BENEFITS THROUGH COLLECTIVELY BARGAINED CONTRIBUTIONS NEGOTIATED WITH AREA MUNICIPALITIES FOR THE BENEFIT OF MUNICIPAL EMPLOYEES, THEIR FAMILIES AND DEPENDENTS.
PROVIDED PRESCRIPTION, VISION, LIFE INSURANCE AND OTHER HEALTH AND RELATED BENEFITS TO MUNICIPAL EMPLOYEES ACCORDING TO COLLECTIVELY BARGAINED AGREEMENTS BETWEEN PUBLIC EMPLOYEES LOCAL UNION 1033 AND...
PROVIDED PRESCRIPTION, VISION, LIFE INSURANCE AND OTHER HEALTH AND RELATED BENEFITS TO MUNICIPAL EMPLOYEES ACCORDING TO COLLECTIVELY BARGAINED AGREEMENTS BETWEEN PUBLIC EMPLOYEES LOCAL UNION 1033 AND VARIOUS AREA MUNICIPALITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,302,117 | $7,644,988 | +0.1% |
| Expenses | $4,984,719 | $4,859,144 | +0.0% |
| Net Income | $3,317,398 | $2,785,844 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RONALD COIA | CHAIRPERSON | 3.00 |
Director
|
$0 | $117,749 | $390,793 |
| DONALD IANNAZZI | ADMINISTRATO | 20.00 |
Officer
|
$3,050 | $0 | $217,669 |
| TIMOTHY WALSH | TREASURER | 5.00 |
Director
|
$0 | $4,327 | $19,281 |
| RIKKIE MACCARONE | TRUSTEE | 3.00 |
Director
|
$0 | $4,182 | $18,636 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $8,302,117 | $4,984,719 | $26,968,885 | $3,317,398 |
| 2023 | $7,644,988 | $4,859,144 | $23,392,259 | $2,785,844 |
| 2022 | $7,451,750 | $5,008,314 | $19,757,286 | $2,443,436 |
| 2021 | $8,124,294 | $4,810,510 | $19,350,619 | $3,313,784 |
| 2020 | $7,952,672 | $5,813,239 | $15,953,695 | $2,139,433 |
| 2019 | $7,715,110 | $5,644,980 | $13,418,092 | $2,070,130 |
| 2018 | $7,580,934 | $6,155,495 | $10,678,365 | $1,425,439 |
Compare RHODE ISLAND PUBLIC EMPLOYEES' HEALTH SERVICES FUND with other nonprofits in Rhode Island and across the country.