Women & Infants Hospital Of Rhode Island
- Assets
- $448.2m
- Revenue
- $542.1m
- Investments
- $0.0
- Employees
- 2,410
- Location
- Providence, RI
- Founding
- 08/1934
- Data as of
- 09/2023
- EIN
- 05-0258937
Organization Overview
Women & Infants Hospital Of Rhode Island is located in Providence, RI. The organization was established in 1934. According to its NTEE Classification (E24) the organization is classified as: Specialty Hospitals, under the broad grouping of Health Care and related organizations. As of 09/2023, Women & Infants Hospital Of Rhode Island employed 2,410 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Women & Infants Hospital Of Rhode Island is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Women & Infants Hospital Of Rhode Island generated $542.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $529.9m during the year ending 09/2023. While expenses have increased by 1.0% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS A TEACHING HOSPITAL COMMITTED TO CONTINUALLY IMPROVE THE HEALTH & WELL-BEING OF WOMEN & INFANTS & PROVIDE ESSENTIAL SERVICES REGARDLESS OF ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOSPITAL IS THE REGIONAL CENTER FOR WOMEN AND INFANTS HEALTHCARE IN RHODE ISLAND AND ENVIRONS, PROVIDING CARE IN THE AREAS OF OBSTETRICS, NEONATAL INTENSIVE CARE, REPRODUCTIVE ENDOCRINOLOGY, MATERNAL FETAL MEDICINE AND GYNECOLOGY. PLEASE REFER TO SCHEDULE O FOR THE ORGANIZATION'S COMMUNITY BENEFIT STATEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James E Fanale MD Dir-Pres/ceo/cne(term 12/1/22) | OfficerTrustee | 55 | $0 |
F Joseph Iannoni Evp/cfo/cne (term 1/31/23) | Officer | 55 | $0 |
Raymond O Powrie MD Executive Chief Of Medicine | Officer | 55 | $573,917 |
Shannon Sullivan President & COO | Officer | 55 | $526,318 |
Kevin Baill MD Director - Med Dir Op Svcs/bh | Trustee | 55 | $0 |
Methodius Tuuli MD Chief Ob/gyn | 55 | $539,549 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Health Inc Staffing | 9/29/15 | $1,828,666 |
Purity Services Laundry | 9/29/15 | $872,565 |
Sodexo Inc Affiliates Dietary/management | 9/29/15 | $1,534,721 |
Alternative Workforce Inc Staffing | 9/29/15 | $1,397,534 |
Ribi Security Security | 9/29/15 | $615,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $204,739 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,470,768 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,675,507 |
| Total Program Service Revenue | $527,272,130 |
| Investment income | $350,381 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $173,569 |
| Net Gain/Loss on Asset Sales | $192,705 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,139,572 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,800 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,087,893 |
| Compensation of current officers, directors, key employees. | $208,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,760,889 |
| Pension plan accruals and contributions | $1,541,996 |
| Other employee benefits | $47,024,663 |
| Payroll taxes | $12,416,339 |
| Fees for services: Management | $72,960,581 |
| Fees for services: Legal | $165 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,206,040 |
| Advertising and promotion | $0 |
| Office expenses | $5,805,897 |
| Information technology | $73,841 |
| Royalties | $0 |
| Occupancy | $15,790,168 |
| Travel | $301,784 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,737,928 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,450,590 |
| Insurance | $19,095,737 |
| All other expenses | $4,511,569 |
| Total functional expenses | $529,850,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,310 |
| Savings and temporary cash investments | $180,186,819 |
| Pledges and grants receivable | $2,042,540 |
| Accounts receivable, net | $58,218,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,358,688 |
| Prepaid expenses and deferred charges | $1,095,328 |
| Net Land, buildings, and equipment | $98,467,101 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $35,615,971 |
| Intangible assets | $0 |
| Other assets | $69,215,216 |
| Total assets | $448,203,105 |
| Accounts payable and accrued expenses | $43,728,143 |
| Grants payable | $0 |
| Deferred revenue | $1,161,512 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $83,277,640 |
| Total liabilities | $128,167,295 |
| Net assets without donor restrictions | $273,110,510 |
| Net assets with donor restrictions | $46,925,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $448,203,105 |
Grants Awarded
Over the last fiscal year, Women & Infants Hospital Of Rhode Island has awarded $43,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARCH OF DIMES PURPOSE: PROGRAM SUPPORT | $33,500 |
RONALD MCDONALD HOUSE CHARITIES OF NE | | | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Women & Infants Hospital Of Rhode Island Providence, RI | $448,203,105 | $542,139,572 |
Connecticut Childrens Medical Center Hartford, CT | $883,059,452 | $538,720,983 |
Childrens Medical Center Boston, MA | $3,898,375,653 | $278,963,648 |
Hospital For Special Care New Britain, CT | $181,183,200 | $136,018,536 |
Gaylord Hospital Inc Wallingford, CT | $132,042,214 | $103,676,786 |
Franciscan Hospital For Children Inc Brighton, MA | $93,031,789 | $89,174,428 |
Childrens Urological Foundation Inc Boston, MA | $37,598,545 | $24,715,046 |
Hebrew Home And Hospital Inc West Hartford, CT | $7,912,912 | $11,536,430 |
Harold Leever Regional Cancer Center Inc Waterbury, CT | $22,438,012 | $11,300,815 |
Dyouville Transitional Care Inc Lowell, MA | $9,827,110 | $4,619,445 |
Thomas Morgan Rotch Jr Memorial Hospital For Infants Trust Boston, MA | $9,476,784 | $530,765 |
Dana-Farber Cancer Care Network Inc Boston, MA | $2,028,235 | $0 |
Chb Properties Inc Boston, MA | $207,543,701 | -$292,670 |