RHODE ISLAND HEALTH CENTER ASSOCIA… - 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

1977

Legal Domicile

Principal Officer

ELENA NICOLELLA

Phone

4012741771

Tax Period

2024-07-01 to 2025-06-30

RHODE ISLAND HEALTH CENTER ASSOCIATION, founded in 1977, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2024.

Mission

THE RHODE ISLAND HEALTH CENTER ASSOCIATION WORKS TO SUPPORT, SUSTAIN, AND STRENGTHEN COMMUNITY HEALTH CENTERS SO THEY CAN PROVIDE HIGH-QUALITY, PATIENT-CENTERED, INTEGRATED AND EQUITABLE PRIMARY HEALTH CARE TO THEIR PATIENTS AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $764,038

UNDER THE TERMS OF A CONTRACT WITH HEALTHSOURCE RI, THE ASSOCIATION OPERATES THE STATEWIDE ASSISTER NETWORK SERVICES (SANS) PROGRAM. AS PART OF THIS PROGRAM, THE ASSOCIATION MANAGES A STATE-WIDE...

UNDER THE TERMS OF A CONTRACT WITH HEALTHSOURCE RI, THE ASSOCIATION OPERATES THE STATEWIDE ASSISTER NETWORK SERVICES (SANS) PROGRAM. AS PART OF THIS PROGRAM, THE ASSOCIATION MANAGES A STATE-WIDE NETWORK OF IN-PERSON ASSISTER AND NAVIGATOR AGENCIES TO HELP RHODE ISLANDERS OBTAIN HEALTH CARE COVERAGE.

Program 2

Expenses: $717,684

THROUGH FUNDING OBTAINED FROM THE HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA), THE ASSOCIATION PROVIDES TECHNICAL ASSISTANCE TO SUPPORT COMMUNITY HEALTH CENTERS IN PROVIDING HIGH-QUALITY...

THROUGH FUNDING OBTAINED FROM THE HEALTH RESOURCES AND SERVICES ADMINISTRATION (HRSA), THE ASSOCIATION PROVIDES TECHNICAL ASSISTANCE TO SUPPORT COMMUNITY HEALTH CENTERS IN PROVIDING HIGH-QUALITY, COMPREHENSIVE HEALTH CARE TO IMPROVE THE HEALTH OF INDIVIDUALS AND COMMUNITIES WITHIN RHODE ISLAND.

Program 3

Expenses: $159,829 Revenue: $401,165

THE ASSOCIATION SUPPORTS FQHCS IN RHODE ISLAND THROUGH SEVERAL PROGRAMS AND GRANTS, INCLUDING PAYMENT TO HEALTH CENTERS AND COMMUNITY ORGANIZATIONS - CANCER SCREENING FUNDS AND NATIONAL HEALTH...

THE ASSOCIATION SUPPORTS FQHCS IN RHODE ISLAND THROUGH SEVERAL PROGRAMS AND GRANTS, INCLUDING PAYMENT TO HEALTH CENTERS AND COMMUNITY ORGANIZATIONS - CANCER SCREENING FUNDS AND NATIONAL HEALTH SERVICE CORPS CONTRIBUTIONS.

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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 $1,589,023

Program Service Revenue $363,040

Investment Income $55,183

Other Revenue $38,125

TOTAL REVENUE $2,045,371

Expense Breakdown

Grants Paid $608,932

Salaries & Benefits $895,483

Fundraising Expenses $0

Program Expenses $1,641,551

Other Expenses $690,117

TOTAL EXPENSES $2,194,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,045,371	$2,110,496	0.0%
Expenses	$2,194,532	$2,006,436	+0.1%
Net Income	$-149,161	$104,060	-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

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

$371,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MERRILL THOMAS	V CHAIR(THRU 10/24) CHAIR(BEG 10/24)	1.00	Officer Director	$0	$0	$0
BRENDA DOWLATSHAHI	SEC (THRU 10/24) V CHAIR (BEG 10/24)	1.00	Officer Director	$0	$0	$0
JEANNE LACHANCE	TREASURER (THRU 8/24)	1.00	Officer Director	$0	$0	$0
PETER BANCROFT	DIR. (THRU 10/24) TREAS (BEG 10/24)	1.00	Officer Director	$0	$0	$0
ALISON CROKE	DIR. (10/24) SECRETARY (BEG 10/24)	1.00	Officer Director	$0	$0	$0
NETTIEROSE COOLEY	DIRECTOR (BEG 6/25)	1.00	Director	$0	$0	$0
RILWAN FEYISITAN	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN GATES MD	DIRECTOR (BEG 01/25)	1.00	Director	$0	$0	$0
WILLIAM HOCHSTRASSER-WALSH	CHAIR (THRU 10/24) DIR (THRU 12/24)	1.00	Director	$0	$0	$0
CHUCK JONES	DIRECTOR (BEG 12/24)	1.00	Director	$0	$0	$0
ELENA KWETKOWSKI DO	DIRECTOR (THRU 01/25)	1.00	Director	$0	$0	$0
CHRISTOPHER MANSFIELD	DIRECTOR (BEG 01/25)	1.00	Director	$0	$0	$0
CRISTINA PACHECO MD	DIRECTOR	1.00	Director	$0	$0	$0
JILLIAN ROY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS K WARCUP DO MHA	DIRECTOR (THRU 05/25)	1.00	Director	$0	$0	$0
ELENA NICOLELLA	PRESIDENT & CEO	35.00	Officer	$178,270	$35,581	$213,851
HANNAH MARSTON	CHIEF FINANCIAL OFFICER	35.00	Officer	$142,884	$14,592	$157,476

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	$2,045,371	$2,194,532	$2,230,710	$-149,161
2024	No data	No data	No data	No data
2023	$4,497,924	$4,482,756	$2,290,483	$15,168
2022	$1,915,880	$1,990,702	$1,666,988	$-74,822
2021	$2,428,196	$2,035,872	$2,268,935	$392,324
2020	$1,856,499	$1,859,625	$1,854,071	$-3,126
2019	$1,884,545	$1,825,052	$1,520,111	$59,493

RHODE ISLAND HEALTH CENTER ASSOCIATION