PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RHODE ISLAND MEDICAL SOCIETY FOUNDATION, founded in 1983, is a small nonprofit in the Health Care sector that reported $210K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $309K exceeded revenue, resulting in a 48% operating deficit.
Promote the betterment of public health by engaging in educational and charitable activities related to the field of medicine, and to support peer review activities
MEDICAL PROFESSIONALS HEALTH ASSISTANCE - THIS PROGRAM SUPPORTS THE COSTS OF EMPLOYING TWO FULL-TIME CLINICAL SOCIAL WORKERS WHO PROVIDE SERVICES PERTAINING TO THE HEALTH OF PHYSICIANS AND CERTAIN...
MEDICAL PROFESSIONALS HEALTH ASSISTANCE - THIS PROGRAM SUPPORTS THE COSTS OF EMPLOYING TWO FULL-TIME CLINICAL SOCIAL WORKERS WHO PROVIDE SERVICES PERTAINING TO THE HEALTH OF PHYSICIANS AND CERTAIN OTHER CLINICIANS.
PUBLIC SERVICE AND EDUCATION - THIS PROGRAM SUPPORTS THE COSTS OF: (1) CONDUCTING A CAMPAIGN TO INCREASE THE FREQUENCY WITH WHICH MEDICAL OFFICES SCREEN PATIENTS FOR PRE-DIABETES AND THE RATE AT...
PUBLIC SERVICE AND EDUCATION - THIS PROGRAM SUPPORTS THE COSTS OF: (1) CONDUCTING A CAMPAIGN TO INCREASE THE FREQUENCY WITH WHICH MEDICAL OFFICES SCREEN PATIENTS FOR PRE-DIABETES AND THE RATE AT WHICH THEY REFER PRE-DIABETIC PATIENTS TO THE MANY NEW EVIDENCE-BASED DIABETES PREVENTION PROGRAMS THAT ARE ESTABLISHED IN RHODE ISLAND, AND ALSO COLLABORATE WITH OTHERS WORKING TOWARDS THIS COMMON GOAL; (2) SUPPORTING PUBLIC EDUCATIONAL PROGRAMS AND RAISE PUBLIC AWARENESS RELATING TO PROFESSIONAL LIABILITY TORT REFORM; (3) AND RESPONDING TO OTHER EDUCATIONAL AND SAFETY CONCERNS.
FINANCIAL ASSISTANCE FOR PHYSICIANS (BENEVOLENCE FUND) - THIS PROGRAM SUPPORTS PHYSICIANS AND THEIR FAMILIES IN TIMES OF FINANCIAL NEED.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $209,548 | $238,287 | -0.1% |
| Expenses | $309,110 | $305,810 | +0.0% |
| Net Income | $-99,562 | $-67,523 | +0.5% |
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 |
|---|---|---|---|---|---|---|
| CHRISTINE BROUSSEAU MD MPH | TRUSTEE | 0.02 |
Director
|
$0 | $0 | $0 |
| CATHERINE A CUMMINGS MD | TRUSTEE | 0.02 |
Director
|
$0 | $0 | $0 |
| ELIZABETH B LANGE MD | TRUSTEE | 0.02 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS A BELDSOE MD FACP | PRESIDENT through Sept. 2023 | 0.10 |
Officer
Director
|
$0 | $0 | $8,000 |
| HEATHER SMITH | PRESIDENT start Sept. 2023 | 0.10 |
Officer
Director
|
$0 | $0 | $3,000 |
| MATTHEW SMITH MD | SECRETARY/TREAS. | 0.10 |
Officer
Director
|
$0 | $0 | $0 |
| STACY PATERNO | EXECUTIVE VICE PRESIDENT | 8.00 |
Officer
|
$0 | $6,500 | $136,500 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $209,548 | $309,110 | $719,994 | $-99,562 |
| 2022 | $238,287 | $305,810 | $764,250 | $-67,523 |
| 2021 | $234,313 | $264,873 | $854,384 | $-30,560 |
| 2020 | $207,239 | $214,169 | $820,745 | $-6,930 |
| 2019 | $342,686 | $212,234 | $805,721 | $130,452 |
| 2018 | $235,686 | $204,466 | $648,977 | $31,220 |
Compare RHODE ISLAND MEDICAL SOCIETY FOUNDATION with other nonprofits in Rhode Island and across the country.