Neighborhood Health Plan of Rhode Island

EIN: 050477052 501(c)(3) Health Care

SMITHFIELD, RI

Total Revenue
$1,883,580,033
Total Expenses
$1,880,403,542
Total Assets
$578,758,475
Net Assets
$132,013,104
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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
1993
Legal Domicile
RI
Phone
4014596000
Tax Period
2023-01-01 to 2023-12-31

Neighborhood Health Plan of Rhode Island, founded in 1993, is a large national nonprofit in the Health Care sector that reported $1.9B in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

Neighborhood Health Plan of Rhode Island, an innovative health plan in partnership with the Community Health Centers, secures access to high quality, cost-effective health care for Rhode Island's at-risk populations.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,875,967,422
Investment Income $7,612,611
Other Revenue $0
TOTAL REVENUE $1,883,580,033

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,152,581
Fundraising Expenses $0
Program Expenses $1,781,953,895
Other Expenses $100,463,451
TOTAL EXPENSES $1,880,403,542

Year-over-Year Comparison

2023 2022 Change
Revenue $1,883,580,033 $1,638,541,616 +0.1%
Expenses $1,880,403,542 $1,636,930,134 +0.1%
Net Income $3,176,491 $1,611,482 +1.0%
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

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Governance

Voting Members
16
Independent Members
15
Employees
780
Volunteers
15

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
9
$2,344,435
Total Directors
17
$709,260
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A CHAIRPERSON 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A TREASURER 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT & CEO 38.0
Officer Director
$663,153 $46,107 $709,260
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE (TERM ENDED 10/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE (AS OF 1/17/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A MEDICAL DIRECTOR (AS OF 7/22) 38.0
Officer
$367,639 $45,607 $413,246
N/A CHIEF OPERATING OFFICER 38.0
Officer
$393,276 $44,307 $437,583
N/A CHIEF MEDICAL OFFICER (AS OF 5/15/23) 38.0
Officer
$337,335 $17,254 $354,589
N/A CHIEF FINANCIAL OFFICER-SVP 38.0
Officer
$406,396 $23,361 $429,757
N/A CHIEF MARKETING OFFICER 38.0
Highest
$326,124 $31,994 $358,118
N/A CHIEF GROWTH OFFICER 38.0
Highest
$406,196 $43,107 $449,303
N/A VICE PRESIDENT OF COMMERCIAL AND MEDICAID PRODUCTS 38.0
Highest
$316,569 $34,800 $351,369
N/A CHIEF OF STAFF 38.0
Highest
$382,324 $43,107 $425,431
N/A CHIEF DIVERSITY OFFICER 38.0
Highest
$365,609 $44,868 $410,477
N/A CHIEF ADMIN. OFFICER-SVP & GC (TERM 10/22) 38.0
$287,667 $0 $287,667
N/A CHIEF MEDICAL OFFICER-SVP (TERM 5/22) 38.0
$180,366 $0 $180,366
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 No data No data No data No data
2023 $1,883,580,033 $1,880,403,542 $578,758,475 $3,176,491
2022 $1,638,541,616 $1,636,930,134 $501,584,361 $1,611,482
2021 $1,522,277,074 $1,521,242,049 $473,561,715 $1,035,025
2020 $1,397,864,328 $1,373,387,293 $404,452,916 $24,477,035
2019 $1,352,108,457 $1,348,457,857 $354,975,178 $3,650,600
2018 $1,380,967,124 $1,374,896,000 $333,881,489 $6,071,124
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