PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FOUNDATION FOR THE NEW ENGLAND INNOVATION CENTER, founded in 2017, is a small nonprofit in the Health Care sector that reported $724K in total revenue in fiscal year 2024. The organization ran a surplus of $158K, a strong 22% operating margin.
THE NEW ENGLAND MEDICAL INNOVATION CENTER IS A NOT-FOR-PROFIT MED TECH HUB FOUNDED BY A PARTNERSHIP BETWEEN LIFESPAN HEALTH SYSTEM, XIMEDICA, AND THE RHODE ISLAND SCHOOL OF DESIGN. WE ARE FOCUSED ON BRINGING TOGETHER INNOVATORS, ENTREPRENEURS, ORGANIZATIONS, CLINICIANS, SMES, FUNDERS, AND KNOWLEDGE BASES TO ADVANCE MEDICAL TECHNOLOGIES TO MARKET AND OVERALL BRING VALUE TO THE PATIENTS THEY SERVE WHILE INSPIRING INNOVATORS TO IMAGINE THE FUTURE OF OUR HEALTHCARE SYSTEM.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $724,270 | $727,025 | 0.0% |
| Expenses | $566,690 | $721,380 | -0.2% |
| Net Income | $157,580 | $5,645 | +26.9% |
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 |
|---|---|---|---|---|---|---|
| AIDAN PETRIE | PRESIDENT | 40.00 |
Officer
Director
|
$0 | $18,840 | $58,920 |
| LYDIA SCHROTER | TREASURER | 40.00 |
Officer
Director
|
$0 | $5,916 | $56,298 |
| ANN CHUMULTS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MIKE PEREIRA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| HOPE HOPKINS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BHARAT RAMRATNAM | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TOWNSEND GODDARP | DIRECTOR (AS OF 12/24) | 2.00 |
Director
|
$0 | $0 | $0 |
| TARA MAEY PETRIE | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$45,861 | $3,385 | $49,246 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $724,270 | $566,690 | $177,931 | $157,580 |
| 2024 | $727,025 | $721,380 | $159,792 | $5,645 |
| 2023 | $683,922 | $688,692 | $50,176 | $-4,770 |
| 2022 | $342,553 | $548,351 | $56,524 | $-205,798 |
| 2021 | $611,054 | $433,287 | $228,820 | $177,767 |
| 2020 | $321,713 | $352,995 | $57,538 | $-31,282 |
| 2019 | $296,950 | $325,810 | $102,939 | $-28,860 |
| 2018 | $236,030 | $124,126 | $224,335 | $111,904 |
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