CARE TRANSFORMATION COLLABORATIVE OF RI (EIN 472304987) - 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

2015

Legal Domicile

Principal Officer

JOHN MINICHIELLO

Phone

6176209490

Tax Period

2024-07-01 to 2025-06-30

CARE TRANSFORMATION COLLABORATIVE OF RI, founded in 2015, is a community nonprofit in the Health Care sector that reported $4.9M in total revenue in fiscal year 2024. Expenses of $4.5M left a modest 7% surplus.

Mission

TO LEAD THE TRANSFORMATION OF PRIMARY CARE IN RHODE ISLAND IN THE CONTEXT OF AN INTEGRATED HEALTH CARE SYSTEM.

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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 $3,318,114

Program Service Revenue $1,351,397

Investment Income $147,491

Other Revenue $34,693

TOTAL REVENUE $4,851,695

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,426,760

Fundraising Expenses $0

Program Expenses $4,054,465

Other Expenses $3,106,381

TOTAL EXPENSES $4,533,141

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,851,695	$4,572,220	+0.1%
Expenses	$4,533,141	$4,536,475	0.0%
Net Income	$318,554	$35,745	+7.9%

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

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

$184,940

Total Directors

$13,101

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AL CHARBONNEAU MPS	DIRECTOR	1.00	Director	$0	$0	$0
AMY NUNN MS SCD	DIRECTOR	1.00	Director	$0	$0	$0
BARRY FABIUS MD	DIRECTOR	1.00	Director	$0	$0	$0
CAROLINE RICHARDSON MD	DIRECTOR	1.00	Director	$0	$0	$0
CATHLEEN NEWMAN MBA	DIRECTOR (AS OF 3/25)	1.00	Director	$0	$0	$0
CHRISTOPHER OTTIANO MD	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN VITALE MD FAAP	DIRECTOR	1.00	Director	$0	$0	$0
CORY KING	CO-CONVENER	1.00	Officer Director	$0	$0	$0
DEBORAH MASLAND	DIRECTOR	1.00	Director	$0	$0	$0
DENISE COPPA PHD MS NP	DIRECTOR	1.00	Director	$2,000	$0	$2,000
DOMENIC DELMONICO MBA	DIRECTOR (TO 11/24)	1.00	Director	$0	$0	$0
ELIZABETH LANGE MD	PRESIDENT (AS OF 10/24)	1.00	Officer Director	$5,501	$0	$5,501
EUGENIO FERNANDEZ JR PHARMD MBA M	DIRECTOR	1.00	Director	$0	$0	$0
FARAH SHAFI MD	DIRECTOR (TO 3/25)	1.00	Director	$0	$0	$0
HUGO YAMADA MD	DIRECTOR	1.00	Director	$600	$0	$600
JEFFREY BORKAN MD	DIRECTOR	1.00	Director	$2,000	$0	$2,000
KRISTIN SOUSA	CO-CONVENER	1.00	Officer Director	$0	$0	$0
LARRY WARNER MPH	SECRETARY	1.00	Officer Director	$0	$0	$0
LAURA STANTON MD	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW HARVEY MPP	DIRECTOR (TO 2/25)	1.00	Director	$0	$0	$0
MAUREEN MAIGRET RN BS MPA	DIRECTOR	1.00	Director	$1,000	$0	$1,000
MICHELLE ANVAR MD	DIRECTOR	1.00	Director	$0	$0	$0
NADINE HEWAMUDALIGE MD FAAFP	DIRECTOR	1.00	Director	$0	$0	$0
NOAH BENEDICT MHL	TREASURER	1.00	Officer Director	$2,000	$0	$2,000
PAUL LARSON MD MS MBA CPE DIMPH	DIRECTOR	1.00	Director	$0	$0	$0
PETER HOLLMANN MD	DIRECTOR (AS OF 10/24)	1.00	Officer Director	$0	$0	$0
RAJ HAZARIKA MD SM	DIRECTOR	1.00	Director	$0	$0	$0
SARAH MANGIARELLI CPA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BLEDSOE MD	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA HURWITZ	EXECUTIVE DIRECTOR (TO 2/25)	28.00	Officer	$170,333	$7,106	$177,439
JOHN MINICHIELLO	EXECUTIVE DIRECTOR (AS OF 3/25)	32.00	Officer	$0	$0	$0
LINDA CABRAL	SENIOR PROJECT MANAGER	40.00	Highest	$113,766	$29,587	$143,353
SUSANNE CAMPBELL	SENIOR PROGRAM ADMINISTRAT	40.00	Highest	$144,298	$35,541	$179,839

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	$4,851,695	$4,533,141	$6,486,832	$318,554
2024	No data	No data	No data	No data
2023	$5,963,991	$4,770,357	$6,188,533	$1,193,634
2022	$6,655,544	$5,894,996	$5,109,176	$760,548
2021	$8,219,846	$6,559,479	$5,216,226	$1,660,367
2020	$7,068,039	$6,856,431	$3,504,530	$211,608
2019	$6,078,728	$5,724,923	$2,897,781	$353,805
2018	$5,474,078	$5,195,558	$2,654,944	$278,520

CARE TRANSFORMATION COLLABORATIVE OF RI