PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHARTERCARE COMMUNITY BOARD FKA CHARTERCARE HEALTH PARTNERS, founded in 2009, is a micro nonprofit in the Health Care sector that reported $18 in total revenue in fiscal year 2023. Revenue surged 157% from the prior year, signaling strong growth momentum. Expenses of $4K exceeded revenue, resulting in a 23361% operating deficit.
THE MISSION OF CHARTERCARE COMMUNITY BOARD IS TO PROVIDE HIGH QUALITY, PATIENT-FOCUSED, AND ACCESSIBLE CARE THROUGH COLLABORATION AMONG PARTNERS, MEDICAL STAFF AND EMPLOYEES.
CHARTERCARE COMMUNITY BOARD, FORMERLY KNOWN AS CHARTERCARE HEALTH PARTNERS, IS THE SOLE CORPORATE MEMBER OF ST. JOSEPH HEALTHCARE SERVICES OF RHODE ISLAND AND ROGER WILLIAMS MEDICAL CENTER. IN JUNE...
CHARTERCARE COMMUNITY BOARD, FORMERLY KNOWN AS CHARTERCARE HEALTH PARTNERS, IS THE SOLE CORPORATE MEMBER OF ST. JOSEPH HEALTHCARE SERVICES OF RHODE ISLAND AND ROGER WILLIAMS MEDICAL CENTER. IN JUNE 2014, ALL ASSETS OF THESE TWO HOSPITALS WERE TRANSFERRED TO PROSPECT CHARTERCARE, LLC, UNDER A PLAN APPROVED BY THE RHODE ISLAND ATTORNEY GENERAL AND UNDER THE SUPERVISION OF THE RHODE ISLAND DEPARTMENT OF HEALTH. THESE TWO CORPORATIONS CONTINUE IN EXISTENCE TO ALLOW PAYMENT AND ORDERLY WIND-DOWN OF THE THIRD PARTY BILLINGS FOR PREVIOUSLY PROVIDED MEDICAL CARE.
CHARTERCARE COMMUNITY BOARD IS A 15% PARTNER IN PROSPECT CHARTERCARE, LLC, WHICH OPERATES THE TWO HOSPITALS. CHARTERCARE COMMUNITY BOARD'S PARTICIPATION IN THE DECISION MAKING OF THE HOSPITALS...
CHARTERCARE COMMUNITY BOARD IS A 15% PARTNER IN PROSPECT CHARTERCARE, LLC, WHICH OPERATES THE TWO HOSPITALS. CHARTERCARE COMMUNITY BOARD'S PARTICIPATION IN THE DECISION MAKING OF THE HOSPITALS ENSURES THAT ALL ACTIVITIES OF PROSPECT CHARTERCARE LLC ARE CONDUCTED IN CONFORMANCE WITH INTERNAL REVENUE CODE SECTION 501(C)(3).
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 | $18 | $7 | +1.6% |
| Expenses | $4,223 | $250 | +15.9% |
| Net Income | $-4,205 | $-243 | +16.3% |
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 |
|---|---|---|---|---|---|---|
| STEPHEN DEL SESTO | LIQUIDATING RECEIVER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $18 | $4,223 | $5,194 | $-4,205 |
| 2023 | $7 | $250 | $9,399 | $-243 |
| 2022 | No data | $20 | $9,642 | No data |
| 2021 | $-5,118,878 | $5,000,020 | $9,662 | $-10,118,898 |
| 2020 | $4,028 | $3,529 | $10,128,560 | $499 |
| 2019 | No data | $3,845 | $10,128,061 | No data |
| 2018 | No data | $25,368 | $10,131,906 | No data |
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