RHODE ISLAND HOSPITAL UNAP LOCAL 5098 (EIN 050479001) - 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

1994

Legal Domicile

Principal Officer

FRANK SIMS

Phone

4018313647

Tax Period

2024-01-01 to 2024-12-31

RHODE ISLAND HOSPITAL UNAP LOCAL 5098, founded in 1994, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.3M left a modest 10% surplus.

Mission

MEMBERSHIP ORGANIZATION REPRESENTING APPROXIMATELY 2,200 UNION MEMBERS FOR THE PURPOSE OF COLLECTIVE BARGAINING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,420,740

Investment Income $96

Other Revenue $13

TOTAL REVENUE $1,420,849

Expense Breakdown

Grants Paid $0

Salaries & Benefits $205,496

Fundraising Expenses $0

Other Expenses $1,068,845

TOTAL EXPENSES $1,274,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,420,849	$1,330,003	+0.1%
Expenses	$1,274,341	$1,177,357	+0.1%
Net Income	$146,508	$152,646	0.0%

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

Governance

Voting Members

Independent Members

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

$57,884

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SIMS	PRESIDENT	16.00	Officer	$44,995	$0	$44,995
NORMAN FARIAS	EXEC. VICE P	1.00	Officer	$503	$0	$503
WILLIAM DEWARE	TREASURER	1.00	Officer	$705	$0	$705
KIM CLEMENTS	SECRETARY	1.00	Officer	$459	$0	$459
KATE BOURGOIN	VICE PRES.	1.00	Officer	$672	$0	$672
BETH DESTEFANO	VICE PRES.	1.00	Officer	$1,054	$0	$1,054
TRACIE GALLOWAY	VICE PRES.	1.00	Officer	$1,211	$0	$1,211
SHERRY-ANN JOHNSON	VICE PRES.	1.00	Officer	$0	$0	$0
JOHN MCDONOUGH	VICE PRES.	1.00	Officer	$717	$0	$717
HELENE MACEDO	VICE PRES.	1.00	Officer	$1,183	$0	$1,183
LINDA VELASQUEZ	VICE PRES.	1.00	Officer	$1,650	$0	$1,650
WILL HARMON	VICE PRES.	1.00	Officer	$1,153	$0	$1,153
SHARRO PERRON-LAURENT	VICE PRES.	1.00	Officer	$0	$0	$0
JESS COLLINS	VICE PRES.	1.00	Officer	$408	$0	$408
CORENE WHITE	VICE PRES.	1.00	Officer	$672	$0	$672
KARA POSTLE	VICE PRES.	1.00	Officer	$1,454	$0	$1,454
DANIEL CONNOR	VICE PRES.	1.00	Officer	$1,048	$0	$1,048

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	$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