PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CARE NEW ENGLAND HEALTH SYSTEM, founded in 1996, is a major nonprofit in the Health Care sector that reported $186.6M in total revenue in fiscal year 2023.
CARE NEW ENGLAND IS DEVOTED TO CONTINUALLY IMPROVING THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITIES WE SERVE. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
CARE NEW ENGLAND HEALTH SYSTEM IS THE HOLDING COMPANY OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH CONSISTS OF BUTLER HOSPITAL, KENT COUNTY MEMORIAL HOSPITAL, WOMEN AND INFANTS...
CARE NEW ENGLAND HEALTH SYSTEM IS THE HOLDING COMPANY OF A TAX-EXEMPT INTEGRATED HEALTHCARE DELIVERY SYSTEM WHICH CONSISTS OF BUTLER HOSPITAL, KENT COUNTY MEMORIAL HOSPITAL, WOMEN AND INFANTS HOSPITAL OF RHODE ISLAND, THE MEMORIAL HOSPITAL, WOMEN AND INFANTS CORPORATION, KENT COUNTY VISITING NURSE ASSOCIATION D/B/A VNA OF CARE NEW ENGLAND, AND THEIR SUBSIDIARIES AND AFFILIATES. CARE NEW ENGLAND HEALTH SYSTEM PROVIDES MANAGEMENT SERVICES WHICH INCLUDEs STRATEGIC PLANNING, INVESTMENT MANAGEMENT, CAPITAL FINANCING FOR THE GROUP, LEGAL, PURCHASING, INFORMATION TECHNOLOGY, REVENUE CYCLE, ACCOUNTING, COMPLIANCE/INTERNAL AUDIT, CONTRACTING, RISK MANAGEMENT, MARKETING, WELLNESS, PRINTING AND CREDENTIALLING. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $186,560,882 | $189,328,753 | 0.0% |
| Expenses | $194,271,241 | $179,135,413 | +0.1% |
| Net Income | $-7,710,359 | $10,193,340 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL E WAGNER MD | DIRECTOR - PRESIDENT/CEO/CNE | 55.0 |
Officer
Director
|
$1,688,410 | $32,601 | $1,721,011 |
| JAMES E FANALE MD | FORMER OFFICER | 0.0 |
|
$1,317,641 | $140,001 | $1,457,642 |
| F JOSEPH IANNONI | FORMER OFFICER | 0.0 |
|
$806,929 | $83,899 | $890,828 |
| RAYMOND O POWRIE MD | CHIEF MEDICAL QUALITY OFFICER | 55.0 |
Key Emp
|
$0 | $33,225 | $775,090 |
| TODD A CONKLIN | ASST. TREAS./EVP/CFO/CNE | 55.0 |
Officer
|
$707,222 | $26,659 | $733,881 |
| KEVIN BAILL MD | DIRECTOR - MED DIR OP SVCS/BH | 55.0 |
Director
|
$0 | $52,549 | $635,307 |
| GAIL E ROBBINS | SVP, FINANCE AND PLANNING | 55.0 |
Key Emp
|
$579,794 | $33,981 | $613,775 |
| ANA TUYA FULTON MD | DIR-CHIEF POP HLTH OFF/CNE | 55.0 |
Director
|
$590,920 | $21,160 | $612,080 |
| ASHLEY M TAYLOR ESQ | ASST. SEC./GEN. COUNSEL/CNE | 55.0 |
Officer
|
$542,295 | $17,484 | $559,779 |
| ROGER MITTY | President - CNEMG | 55.0 |
Key Emp
|
$478,528 | $651 | $479,179 |
| ARNOLD AVILA | FORMER KEY EMPLOYEE | 0.0 |
|
$438,127 | $19,006 | $457,133 |
| JESSICA MCCARTHY | VP, CHIEF MARKETING OFFICER | 55.0 |
Key Emp
|
$414,733 | $40,852 | $455,585 |
| BRYAN LIESE | SVP, Operations - CNEMG | 55.0 |
Highest
|
$377,435 | $30,244 | $407,679 |
| STEPHEN M SILVA | VP LOGISTIC & SUPPLY CHAIN | 55.0 |
Highest
|
$364,970 | $32,333 | $397,303 |
| KRYSTEN BLANCHETTE | VP REV CYCLE | 55.0 |
Key Emp
|
$360,118 | $35,311 | $395,429 |
| MARK YERRICK | VP FACILITIES & SUPPORT SVCS. | 55.0 |
Highest
|
$372,331 | $22,651 | $394,982 |
| JENNIE HENRIQUES | CHIEF COMPLIANCE OFFICER | 55.0 |
Key Emp
|
$371,955 | $16,520 | $388,475 |
| JAMES M BURKE | VP FINANCE MED/SURG HOSP | 55.0 |
Highest
|
$358,134 | $20,505 | $378,639 |
| GARY SPECIALE | VP RISK MANAGEMENT | 55.0 |
Key Emp
|
$316,011 | $36,730 | $352,741 |
| MAE MEDEIROS | VP LABORATORY SERVICES | 55.0 |
Key Emp
|
$0 | $44,897 | $326,969 |
| JOHN S MINICHIELLO | FORMER KEY EMPLOYEE | 0.0 |
|
$277,188 | $21,706 | $298,894 |
| DEAN R CARLSON | VP HUMAN RESOURCES | 55.0 |
Highest
|
$197,310 | $43,745 | $241,055 |
| SUSAN C MARTIN | FORMER KEY EMPLOYEE | 0.0 |
|
$138,012 | $29,343 | $167,355 |
| JOHN POLANOWICZ | former officer | 0.0 |
|
$136,935 | $5,613 | $142,548 |
| GARY E FURTADO | CHAIRMAN - DIRECTOR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| R STEPHEN MANTY | VICE CHAIR/TREASURER-DIRECTOR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| JAMES A BOTVIN | SECRETARY - DIRECTOR | 1.0 |
Officer
Director
|
$0 | $0 | $0 |
| SHARON CONARD-WELLS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| CAROLYN MASTERS PHD RN | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JOSEPH J MCGAIR ESQ | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| PATRICK J MURRAY JR | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| PETER PHILIPS | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| JUDITH REMONDI | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| CHARLES R REPPUCCI ESQ | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| MARIBETH Q WILLIAMSON | DIRECTOR | 1.0 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $186,560,882 | $194,271,241 | $67,118,060 | $-7,710,359 |
| 2023 | $189,328,753 | $179,135,413 | $54,110,952 | $10,193,340 |
| 2022 | $175,954,411 | $187,735,266 | $48,312,739 | $-11,780,855 |
| 2021 | $172,013,739 | $177,797,113 | $77,099,194 | $-5,783,374 |
| 2020 | $165,919,700 | $165,709,309 | $107,215,720 | $210,391 |
| 2019 | $151,776,108 | $150,977,849 | $96,254,217 | $798,259 |
| 2018 | $148,618,840 | $154,489,053 | $111,248,010 | $-5,870,213 |
Compare CARE NEW ENGLAND HEALTH SYSTEM with other nonprofits in Rhode Island and across the country.