RIH Ventures dba Lifespan Laboratories (EIN 050448686) - 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

1989

Legal Domicile

Principal Officer

Nicholas P Dominick

Phone

4014444000

Tax Period

2023-10-01 to 2024-09-30

RIH Ventures dba Lifespan Laboratories, founded in 1989, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

RIH Ventures (RIHV) provides phlebotomy services which facilitate laboratory specimen testing for Rhode Island Hospital (RIH) and other Lifespan-affiliated hospitals, and also operates parking facilities that serve patients, visitors, and staff of RIH.

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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 $0

Program Service Revenue $9,798,533

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,798,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,613,088

Other Expenses $9,613,088

TOTAL EXPENSES $9,613,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,798,533	$8,950,047	+0.1%
Expenses	$9,613,088	$8,950,047	+0.1%
Net Income	$185,445	N/A	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$3,650,709

Total Directors

$2,438,139

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
Paul J Adler	Secretary	0.25	Officer Director	$0	$151,085	$1,077,941
Eva Greenwood	Treasurer	0.10	Officer Director	$0	$87,891	$737,076
Nicholas P Dominick	President	0.10	Officer Director	$0	$99,888	$623,122

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	$9,798,533	$9,613,088	$3,602,696	$185,445
2023	$8,950,047	$8,950,047	$3,475,518	No data
2022	$7,978,363	$7,978,363	$3,324,291	No data
2021	$7,923,019	$7,923,019	$3,760,702	No data
2020	$8,182,259	$8,182,259	$8,960,372	No data
2019	$8,776,759	$8,776,759	$8,995,676	No data
2018	$8,292,364	$8,292,364	$9,143,696	No data

RIH Ventures dba Lifespan Laboratories