Neighborhood Health Plan Of Rhode Island
- Assets
- $473.6m
- Revenue
- $1.5b
- Investments
- $0.0
- Employees
- 718
- Location
- Smithfield, RI
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 05-0477052
Organization Overview
Neighborhood Health Plan Of Rhode Island is located in Smithfield, RI. The organization was established in 2002. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 12/2021, Neighborhood Health Plan Of Rhode Island employed 718 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Neighborhood Health Plan 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 12/2021, Neighborhood Health Plan Of Rhode Island generated $1.5b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $1.5b during the year ending 12/2021. While expenses have increased by 6.9% per year over the past 7 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.
Since 2020, Neighborhood Health Plan Of Rhode Island has awarded 35 individual grants totaling $3,465,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD HEALTH PLAN OF RHODE ISLAND, AN INNOVATIVE HEALTH PLAN IN PARTNERSHIP WITH THE COMMUNITY HEALTH CENTERS, SECURES ACCESS TO HIGH QUALITY, COST-EFFECTIVE HEALTH CARE FOR RHODE ISLAND'S AT-RISK POPULATIONS.
Describe the Organization's Program Activity:
NEIGHBORHOOD HEALTH PLAN OF RHODE ISLAND IS A NON-PROFIT HEALTH MAINTENANCE ORGANIZATION HMO THAT PROVIDES HIGH-QUALITY, LOW-COST HEALTH CARE SERVICES ON A PREPAID BASIS PRINCIPALLY TO MEDICAID RECIPIENTS AND CERTAIN OTHER ELIGIBLE PERSONS UNDER STATE OF RHODE ISLAND MANAGED CARE PROGRAM, RITECARE. THE ORGANIZATION ALSO EXTENDS ITS SERVICE, BENEFITS AND VALUE TO INDIVIDUALS AND BUSINESSES THROUGH HEALTHSOURCE RI, THE STATE'S HEALTH INSURANCE EXCHANGE. AS OF DECEMBER 31, 2021, THE ORGANIZATION IS RESPONSIBLE FOR PROVIDING HEALTH CARE SERVICES TO OVER 216,580 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cvs Pharmacy Inc Healthcare Services | 12/30/21 | $341,058,775 |
Dst Healthcare Holdings Inc Healthcare Services | 12/30/21 | $5,983,423 |
Specialist Resources Global Inc Healthcare It Services | 12/30/21 | $5,869,625 |
United Behavioral Health Dba Optum Healthcare Services | 12/30/21 | $215,368,398 |
Integra Dmension Llc Healthcare Services | 12/30/21 | $12,192,334 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,520,834,669 |
| Investment income | $974,533 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $467,872 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,522,277,074 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $26,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $1,379,156,045 |
| Compensation of current officers, directors, key employees. | $1,610,848 |
| Compensation of current officers, directors, key employees. | $1,610,848 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,915,227 |
| Pension plan accruals and contributions | $899,123 |
| Other employee benefits | $3,888,645 |
| Payroll taxes | $2,063,054 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $331,216 |
| Fees for services: Accounting | $1,012,811 |
| Fees for services: Lobbying | $86,400 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $47,474,689 |
| Advertising and promotion | $2,485,439 |
| Office expenses | $3,161,127 |
| Information technology | $9,704,730 |
| Royalties | $0 |
| Occupancy | $2,293,879 |
| Travel | $38,416 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,347,260 |
| Insurance | $994,844 |
| All other expenses | $0 |
| Total functional expenses | $1,521,242,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $199,990,562 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,637,091 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,763,570 |
| Investments—publicly traded securities | $118,716,518 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,453,974 |
| Total assets | $473,561,715 |
| Accounts payable and accrued expenses | $47,704,674 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $299,718,601 |
| Total liabilities | $347,423,275 |
| Net assets without donor restrictions | $126,138,440 |
| Net assets with donor restrictions | $0 |
| 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 | $473,561,715 |
Grants Awarded
Over the last fiscal year, Neighborhood Health Plan Of Rhode Island has awarded $3,465,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
Providence, RI PURPOSE: GENERAL SUPPORT | $1,750,000 |
Pawtucket, RI PURPOSE: GENERAL SUPPORT | $600,000 |
Newport, RI PURPOSE: GENERAL SUPPORT | $100,000 |
Cranston, RI PURPOSE: GENERAL SUPPORT | $100,000 |
Pascoag, RI PURPOSE: GENERAL SUPPORT | $100,000 |
Woonsocket, RI PURPOSE: GENERAL SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health New England & Subsidiaries Springfield, MA | $263,944,212 | $871,340,973 |
Northeast Medical Group Inc Stratford, CT | $99,889,150 | $520,118,804 |
Childrens Hospital Pediatric Associates Inc Boston, MA | $604,665,745 | $336,951,533 |
Tufts Medical Center Physicians Organization Inc Boston, MA | $63,599,965 | $314,022,993 |
Nuvance Health Medical Practice Ct Inc Bethel, CT | $51,472,052 | $295,023,966 |
Cambridge Health Alliance Physicians Organization Inc Malden, MA | $19,080,295 | $139,182,759 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |
Brown Medicine Providence, RI | $89,415,313 | $97,515,476 |
Berkshire Faculty Services Inc Pittsfield, MA | $16,167,156 | $58,402,270 |
Sturdy Memorial Associates Inc Attleboro, MA | $19,705,224 | $68,098,558 |
Hallmark Health Medical Associates Inc Medford, MA | $10,734,913 | $53,080,416 |
Brown Emergency Medicine Providence, RI | $33,521,686 | $72,293,129 |