Healthcentric Advisors Inc
- Assets
- $3.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 46
- Location
- Providence, RI
- Founding
- 03/2006
- Data as of
- 07/2022
- EIN
- 05-0487616
Organization Overview
Healthcentric Advisors Inc is located in Providence, RI. The organization was established in 2006. According to its NTEE Classification (G02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 07/2022, Healthcentric Advisors Inc employed 46 individuals. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Healthcentric Advisors Inc 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 07/2022, Healthcentric Advisors Inc generated $4.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (12.7%) each year. All expenses for the organization totaled $4.5m during the year ending 07/2022. As we would expect to see with falling revenues, expenses have declined by (13.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND PROVIDE CONSULTATION, EDUCATION, AND RESOURCES THAT MEASURE AND IMPROVE THE QUALITY, SAFETY AND VALUE OF HEALTHCARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PROVIDES NOT-FOR-PROFIT HEALTHCARE QUALITY IMPROVEMENT, PATIENT SAFETY, AND HEALTH INFORMATION TECHNOLOGY CONSULTING, RESEARCH, EDUCATION, AND PROJECT ADMINISTRATION SERVICES TO PROVIDERS, GOVERNMENT AGENCIES, FOUNDATIONS, EDUCATION INSTITUTIONS, RESEARCH FIRMS, AND OTHER RELATED ENTITIES.THE ORGANIZATION SERVES AS THE ADMINISTRATOR OF THE QPP SURS PROGRAM (QUALITY PAYMENT PROGRAM SMALL/UNDERSERVED AND RURAL SUPPORT). THE CONTRACT COVERS ALL NEW ENGLAND STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H John Keimig Mha Fache CEO | OfficerTrustee | 40 | $278,454 |
Gail Patry RN Cpehr Chief Operations Officer | Officer | 40 | $178,551 |
Susan Amelotte Chief Financial Officer | Officer | 40 | $173,483 |
Kara H Butler Director Of Administrative | 40 | $140,561 | |
Lynne Chase Program Director | 40 | $124,888 | |
Marguerite Mclaughlin Program Director | 40 | $114,211 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown University Physician Consultants/mph Interns | 7/30/16 | $107,297 |
University Medicine Foundation Physician Consultants | 7/30/16 | $104,410 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,306,116 |
| 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 | $3,306,116 |
| Total Program Service Revenue | $1,488,552 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,794,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $783,489 |
| Compensation of current officers, directors, key employees. | $783,489 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,426,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $682,915 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $163,833 |
| Advertising and promotion | $0 |
| Office expenses | $43,808 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $383,568 |
| Travel | $4,652 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,297 |
| Insurance | $0 |
| All other expenses | $45,860 |
| Total functional expenses | $4,544,153 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,102 |
| Savings and temporary cash investments | $2,645,582 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $886,108 |
| 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 | $48,971 |
| Net Land, buildings, and equipment | $11,030 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,654,793 |
| Accounts payable and accrued expenses | $551,818 |
| Grants payable | $0 |
| Deferred revenue | $625,289 |
| 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 | $0 |
| Total liabilities | $1,177,107 |
| Net assets without donor restrictions | $2,477,686 |
| 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 | $3,654,793 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Healthcentric Advisors Inc has recieved totaling $60,000.
| Awarding Organization | Amount |
|---|---|
The Rhode Island Community Foundation Providence, RI PURPOSE: DIGITAL PLATFORM FOR COVID-19 TRACKING | $30,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: DIGITAL PLATFORM FOR COVID-19 TRACKING | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hki Support Inc New York, NY | $0 | $18,599,175 |
Cancer Care Inc New York, NY | $24,998,714 | $17,435,253 |
Livewell Alliance Inc Plantsville, CT | $18,490,904 | $21,975,503 |
American Academy Of Addiction Psychiatry East Providence, RI | $7,190,906 | $18,490,660 |
Aids Center Of Queens County Inc Jamaica, NY | $6,581,564 | $17,125,242 |
Upper Room Aids Ministry Inc Adult Day Health Care Center New York, NY | $12,030,689 | $18,432,738 |
Autism Services Inc Amherst, NY | $8,978,650 | $17,352,717 |
Apicha Community Health Center New York, NY | $26,630,788 | $18,847,158 |
Able2 Enhancing Potential Inc Elmira, NY | $14,514,090 | $15,736,211 |
Boston Pediatric Neurosurgical Foundation Inc Boston, MA | $23,682,269 | $14,617,852 |
Kelberman Center Inc Utica, NY | $7,615,222 | $14,488,433 |
Central Association For The Blind Inc Utica, NY | $109,170,090 | $29,734,150 |