Newport Hospital Foundation (EIN 222535533) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

Nicholas P Dominick Jr

Phone

4018466400

Tax Period

2023-10-01 to 2024-09-30

Newport Hospital Foundation, founded in 1983, is a mid-sized nonprofit in the Health Care sector that reported $17.2M in total revenue in fiscal year 2023. Revenue surged 112% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.0M, a strong 52% operating margin.

Mission

Newport Hospital Foundation (NHF) coordinates fundraising in support of comprehensive integrated health care services for the advancement and well-being of the southern Rhode Island community, in furtherance of the purposes of Newport Hospital(NH).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,541,054

Program Service Revenue $0

Investment Income $11,628,512

Other Revenue $76,997

TOTAL REVENUE $17,246,563

Expense Breakdown

Grants Paid $6,631,221

Salaries & Benefits $0

Fundraising Expenses $1,181,732

Program Expenses $6,631,221

Other Expenses $1,565,598

TOTAL EXPENSES $8,196,819

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,246,563	$8,141,137	+1.1%
Expenses	$8,196,819	$8,649,388	-0.1%
Net Income	$9,049,744	$-508,251	-18.8%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

125

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

$1,922,427

Total Directors

$1,720,924

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
Crista F Durand	President- 9/24	10.00	Officer Director	$0	$118,424	$709,857
Jeffrey T Gaines MD	Trustee	2.00	Director	$0	$85,746	$528,465
Orla M Brandos DNPMBAMSN	Trustee- 9/24	1.00	Director	$0	$62,636	$394,640
Arthur J Sampson	Trustee	2.00	Director	$0	$0	$87,962
Gail Alofsin	Trustee	1.00	Director	$0	$0	$0
M Therese Antone Sr	Trustee- 12/23	0.00	Director	$0	$0	$0
Holly Bannister MD	Trustee- 12/23	0.00	Director	$0	$0	$0
Carol R Bazarsky	Chairperson	2.00	Officer Director	$0	$0	$0
John Brooks	Trustee	0.50	Director	$0	$0	$0
Peter Capodilupo	Trustee-12/23	1.00	Director	$0	$0	$0
Edward D Feldstein	Trustee	0.20	Director	$0	$0	$0
Rita B Gewirz	Trustee	0.50	Director	$0	$0	$0
Susan Hill	Trustee	0.00	Director	$0	$0	$0
Anne F Hamilton	Trustee	1.00	Director	$0	$0	$0
Victoria Johnson	Secretary	1.00	Officer Director	$0	$0	$0
Patricia N Kidder	Trustee	1.00	Director	$0	$0	$0
Elizabeth W Leatherman	Trustee	0.25	Director	$0	$0	$0
Paul A Leys	Trustee	1.00	Director	$0	$0	$0
Thomas E McGue MD	Trustee	1.00	Director	$0	$0	$0
Ann Mencoff	Trustee	1.00	Director	$0	$0	$0
Jonathan H Pardee	Trustee	3.00	Director	$0	$0	$0
James A Purviance	Trustee- 12/23	0.00	Director	$0	$0	$0
Isabella G Ridall	Trustee	2.00	Director	$0	$0	$0
Sarah Schochet-Henken	Trustee	0.50	Director	$0	$0	$0
Nancy D Schreiber MD	Trustee	0.00	Director	$0	$0	$0
Barbara van Beuren	Vice Chair	0.50	Officer Director	$0	$0	$0
Sharon Wood Prince	Trustee	0.00	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	$17,246,563	$8,196,819	$133,079,352	$9,049,744
2023	$8,141,137	$8,649,388	$116,918,552	$-508,251
2022	$553,718	$9,869,829	$110,508,543	$-9,316,111
2021	$13,877,816	$10,789,278	$132,285,695	$3,088,538
2020	$8,246,683	$15,919,040	$115,149,715	$-7,672,357
2019	$9,254,995	$15,326,573	$118,719,827	$-6,071,578
2018	$13,241,263	$17,325,525	$127,676,227	$-4,084,262

Newport Hospital Foundation