Women & Infants Development Foundation (EIN 222885815) - 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

1987

Legal Domicile

Principal Officer

SHANNON SULLIVAN

Phone

4014556267

Tax Period

2023-10-01 to 2024-09-30

Women & Infants Development Foundation, founded in 1987, is a small nonprofit in the Health Care sector that reported $519K in total revenue in fiscal year 2023. Revenue surged 268% from the prior year, signaling strong growth momentum.

Mission

TO SERVE THE HEALTHCARE NEEDS OF OUR REGION THROUGH WOMEN & INFANTS HOSPITAL OF RHODE ISLAND BY ENCOURAGING AND FACILITATING PHILANTHROPIC GENEROSITY AND SPIRIT OF VOLUNTEERISM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $519,082

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $519,082

Expense Breakdown

Grants Paid $554,280

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $554,280

Other Expenses $0

TOTAL EXPENSES $554,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,082	$141,128	+2.7%
Expenses	$554,280	$204,739	+1.7%
Net Income	$-35,198	$-63,611	-0.4%

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

Employees

N/A

Volunteers

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

$1,944,675

Total Directors

$2,744,897

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL E WAGNER MD	DIRECTOR - PRESIDENT/CEO/CNE	55.0	Officer Director	$0	$32,601	$1,721,011
JAMES E FANALE MD	FORMER OFFICER	0.0		$0	$140,001	$1,457,642
SHANNON SULLIVAN	DIRECTOR - PRESIDENT/COO/WIH	55.0	Director	$0	$96,163	$800,222
THOMAS P RICCI III	TRASURER - DIRECTOR	55.0	Officer Director	$0	$26,780	$223,664
RENU ENGLEHART	PRESIDENT - DIRECTOR	1.0	Officer Director	$0	$0	$0
GERALDINE VERRECCHIA	SECRETARY - DIRECTOR	1.0	Officer Director	$0	$0	$0
ALDEN M ANDERSON JR	DIRECTOR	1.0	Director	$0	$0	$0
ELLA R BROWNING PHD	DIRECTOR	1.0	Director	$0	$0	$0
CYRENA GAWUGA	DIRECTOR	1.0	Director	$0	$0	$0
ERIN A HOCKENSMITH	DIRECTOR	1.0	Director	$0	$0	$0
CONSTANCE A HOWES	DIRECTOR	1.0	Director	$0	$0	$0
JILLIAN BABCOCK KRENK	DIRECTOR	1.0	Director	$0	$0	$0
MARYANN GOBERN MATHEWS	DIRECTOR	1.0	Director	$0	$0	$0
CHRISTINE M PAIGE	DIRECTOR	1.0	Director	$0	$0	$0
PRUTHA PATEL	DIRECTOR	1.0	Director	$0	$0	$0
THERESE S STAFFORD	DIRECTOR	1.0	Director	$0	$0	$0
WENDY WALLACE	DIRECTOR	1.0	Director	$0	$0	$0
KIRA WILLS	DIRECTOR	1.0	Director	$0	$0	$0
TERI YODER	DIRECTOR	1.0	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	$519,082	$554,280	$389,872	$-35,198
2023	$141,128	$204,739	$523,647	$-63,611
2022	$343,286	$227,788	$245,933	$115,498
2021	$723,664	$820,750	$525,133	$-97,086
2020	$2,008,970	$1,832,461	$712,744	$176,509
2019	$1,174,768	$1,429,139	$336,604	$-254,371
2018	$2,170,476	$2,129,384	$583,722	$41,092

Women & Infants Development Foundation