RHODE ISLAND HOSPITAL UNAP LOCAL 5… - Form 990 Financial Data

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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

1994

Legal Domicile

Principal Officer

FRANK SIMS

Phone

4018313647

Tax Period

2025-01-01 to 2025-12-31

RHODE ISLAND HOSPITAL UNAP LOCAL 5098, founded in 1994, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2025. Expenses of $1.7M exceeded revenue, resulting in a 14% operating deficit.

Mission

MEMBERSHIP ORGANIZATION REPRESENTING APPROXIMATELY 2,300 UNION MEMBERS FOR THE PURPOSE OF COLLECTIVE BARGAINING.

Program Service Accomplishments

Program 1

COLLECTIVELY BARGAINED WITH RHODE ISLAND HOSPITAL TO ESTABLISH AND PROMOTE APPROPRIATE WAGES, FRINGE BENEFITS, TRAINING, HOURS OF EMPLOYMENT, AND WORKING CONDITIONS ON BEHALF OF ALL ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,460,820

Investment Income $24,439

Other Revenue $90

TOTAL REVENUE $1,485,349

Expense Breakdown

Grants Paid $0

Salaries & Benefits $410,075

Fundraising Expenses $0

Other Expenses $1,279,238

TOTAL EXPENSES $1,689,313

Year-over-Year Comparison

	2025	2024	Change
Revenue	$1,485,349	$1,420,849	+0.0%
Expenses	$1,689,313	$1,274,341	+0.3%
Net Income	$-203,964	$146,508	-2.4%

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

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

$227,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SIMS	PRESIDENT	16.00	Officer	$52,102	$0	$52,102
NORMAN FARIAS	EXEC. VICE P	1.00	Officer	$503	$0	$503
WILLIAM DEWARE	TREASURER	1.00	Officer	$3,745	$0	$3,745
KIM CLEMENTS	SECRETARY (P	1.00	Officer	$12,846	$0	$12,846
KATE BOURGOIN	VICE PRES.	1.00	Officer	$8,357	$0	$8,357
BETH DESTEFANO	VICE PRES.	1.00	Officer	$11,129	$0	$11,129
TRACIE GALLOWAY	VICE PRES.	1.00	Officer	$17,808	$0	$17,808
SHERRY-ANN JOHNSON	VICE PRES.	1.00	Officer	$7,289	$0	$7,289
JOHN MCDONOUGH	VICE PRES.	1.00	Officer	$10,065	$0	$10,065
HELENE MACEDO	VICE PRES.	1.00	Officer	$16,556	$0	$16,556
LINDA VELASQUEZ	VICE PRES.	1.00	Officer	$18,153	$0	$18,153
WILL HARMON	VICE PRES.	1.00	Officer	$18,447	$0	$18,447
JESS COLLINS	VICE PRES. (	1.00	Officer	$2,580	$0	$2,580
CORENE WHITE	VICE PRES.	1.00	Officer	$14,112	$0	$14,112
KARA POSTLE	VICE PRES.	1.00	Officer	$19,140	$0	$19,140
DANIEL CONNOR	VICE PRES.	1.00	Officer	$14,939	$0	$14,939

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
2025	$1,485,349	$1,689,313	$1,225,346	$-203,964
2024	$1,420,849	$1,274,341	$1,429,310	$146,508
2023	$1,330,003	$1,177,357	$1,286,632	$152,646
2022	$1,222,006	$1,088,541	$1,133,639	$133,465
2021	$1,322,395	$1,117,170	$1,000,392	$205,225
2020	$1,269,861	$1,138,019	$792,681	$131,842
2019	$1,292,934	$1,118,696	$660,111	$174,238
2018	$1,210,502	$1,402,531	$487,838	$-192,029

RHODE ISLAND HOSPITAL UNAP LOCAL 5098