Rhode Island Hospital Foundation (EIN 050468736) - 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

1992

Legal Domicile

Principal Officer

Robert K Vincent

Phone

4014446500

Tax Period

2023-10-01 to 2024-09-30

Rhode Island Hospital Foundation, founded in 1992, is a mid-sized nonprofit in the Health Care sector that reported $18.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $16.7M left a modest 8% surplus.

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.

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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 $12,889,125

Program Service Revenue $0

Investment Income $5,599,201

Other Revenue $-283,531

TOTAL REVENUE $18,204,795

Expense Breakdown

Grants Paid $13,468,530

Salaries & Benefits $0

Fundraising Expenses $3,139,429

Program Expenses $13,468,530

Other Expenses $3,129,761

TOTAL EXPENSES $16,745,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,204,795	$15,408,248	+0.2%
Expenses	$16,745,619	$14,430,872	+0.2%
Net Income	$1,459,176	$977,376	+0.5%

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

N/A

Volunteers

315

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

$2,210,910

Total Directors

$797,371

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
G Dean Roye MD	Pres.- 6/24	1.00	Officer	$0	$147,891	$998,340
Phyllis A Dennery MD	Trustee	0.50	Director	$0	$47,162	$797,371
Sheryl Amaral	Trustee	2.00	Director	$0	$0	$0
Roger N Begin	Trustee	0.50	Director	$0	$0	$0
Paul Busby	Trustee	4.00	Director	$0	$0	$0
Anthony Calandrelli	Secretary	1.00	Officer Director	$0	$0	$0
James L Carr Jr	Trustee	2.00	Director	$0	$0	$0
Denise Chakoian	Trustee	5.00	Director	$0	$0	$0
Wayne Charness	Trustee	1.00	Director	$0	$0	$0
Ellen Collis	Treas- 12/23	0.00	Officer Director	$0	$0	$0
Michael D'Ambra	Trustee	0.15	Director	$0	$0	$0
Sandy Delli-Carpini	Trustee	0.10	Director	$0	$0	$0
Bradford S Dimeo	Trustee	1.00	Director	$0	$0	$0
Edwin G Fischer MD	Trustee	1.00	Director	$0	$0	$0
Sarah Frost	President	0.10	Officer Director	$0	$0	$0
Ralph V Fleming Jr	Trustee	0.00	Director	$0	$0	$0
Kristen Haffenreffer-Moran	Trustee	1.00	Director	$0	$0	$0
Elizabeth Huber	Vice Chair	0.25	Officer Director	$0	$0	$0
Jerry Hyman	Trustee	1.00	Director	$0	$0	$0
Mahesh V Jayaraman MD	Trustee	0.50	Director	$0	$0	$0
Dolph Johnson	Trustee	0.25	Director	$0	$0	$0
Keith D Kelly	Trustee	1.00	Director	$0	$0	$0
Scott B Laurans	Trustee	0.00	Director	$0	$0	$0
Thomas A Lawson	Trustee	0.00	Director	$0	$0	$0
Francois I Luks MD PhD	Trustee	1.00	Director	$0	$0	$0
Robert Manning	Treasurer	0.25	Officer Director	$0	$0	$0
Donna M Paolino Coia	Trustee	0.10	Director	$0	$0	$0
Holly Paras	Trustee	0.00	Director	$0	$0	$0
Elizabeth J Perik	Trustee	1.00	Director	$0	$0	$0
James A Procaccianti	Trustee	10.00	Director	$0	$0	$0
Nicholas J Rodriques	Trustee	5.00	Director	$0	$0	$0
Douglas Scala	Trustee	1.00	Director	$0	$0	$0
Anthony Thomas	Trustee	0.00	Director	$0	$0	$0
Melisa Verrechia	Trustee	3.00	Director	$0	$0	$0
Victor Vetters	Trustee	1.00	Director	$0	$0	$0
Robert K Vincent	Chairperson	5.00	Officer 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	$18,204,795	$16,745,619	$76,098,578	$1,459,176
2023	$15,408,248	$14,430,872	$70,660,788	$977,376
2022	$16,978,703	$12,868,622	$66,839,907	$4,110,081
2021	$16,409,972	$19,338,117	$69,328,658	$-2,928,145
2020	$14,574,603	$18,327,894	$65,140,203	$-3,753,291
2019	$17,725,818	$13,990,787	$66,901,516	$3,735,031
2018	$16,151,250	$9,775,999	$64,659,560	$6,375,251

Rhode Island Hospital Foundation