Rhode Island Quality Institute
- Assets
- $8.0m
- Revenue
- $10.0m
- Investments
- $0.0
- Employees
- 33
- Location
- Providence, RI
- Founding
- 01/2004
- Data as of
- 12/2023
- EIN
- 75-3059336
Organization Overview
Rhode Island Quality Institute is located in Providence, RI. The organization was established in 2004. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2023, Rhode Island Quality Institute employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Quality Institute 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 12/2023, Rhode Island Quality Institute generated $10.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.6%) each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE HEALTH AND HEALTH CARE BY PROVIDING TRUSTED DATA AND INFORMATION TO ENABLE THE BEST HEALTH CARE IN RHODE ISLAND THROUGH CONNECTING DATA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH INFORMATION EXCHANGE - THIS PROGRAM LEADS A COMMUNITY-BASED EFFORT TO DESIGN, DEVELOP AND CONTINUE ONGOING EXPANSION OF A STATEWIDE HEALTH INFORMATION EXCHANGE (HIE). THE HIE IS A SECURE, CONFIDENTIAL WAY TO MAKE INFORMATION ACCESSIBLE TO APPROPRIATE PARTIES.
INNOVATION - THE GOAL OF THIS PROGRAM AT THE INSTITUTE IS TO BE A TRUSTED ENABLER OF DATA-DRIVEN DECISION-MAKING FOR HEALTH AND HEALTHCARE STATEWIDE. THIS IS ACHIEVED BY SUPPORTING HEALTH AND HIGH QUALITY COST-EFFECTIVE PATIENT AND FAMILY-CENTERED HEALTHCARE, BY DELIVERING ACCURATE COMPREHENSIVE TIMELY REPORTS AND ANALYSES TO DRIVE INFORMED DECISIONS BY THE KEY STAKEHOLDERS IN THE COMMUNITY, INCLUDING PATIENTS, PROVIDERS OF CARE, PAYERS, POLICY MAKERS, AND BUSINESSES. THE PROGRAM MANAGES, AGGREGATES AND TRANSFORMS DISPARATE DATA INTO ACTIONABLE INFORMATION, UNCOVERING PATTERNS, CORRELATIONS AND UNIQUE INSIGHTS CRITICAL TO THE TRANSFORMATION OF THE HEALTHCARE SYSTEM AND SUPPORTING DATA DRIVEN PARADIGMS TO ENABLE THE QUADRUPLE AIM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Franchitto Director | Trustee | 2 | $0 |
Jeanne Lachance Secretary/treasurer (from 06/23) | OfficerTrustee | 2 | $0 |
Mukesh Jain MD Director | Trustee | 2 | $0 |
Forrest Daniels Dsc Director | Trustee | 2 | $0 |
Philip Barr Director | Trustee | 2 | $0 |
Ana Novais Director (to 05/23) | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tierpoint Llc It & Data Center Services | 12/30/23 | $1,340,147 |
J2 Interactive Llc Application Services | 12/30/23 | $937,315 |
Intersystems Corporation It Consulting | 12/30/23 | $806,998 |
Gartner Inc Management Consultants | 12/30/23 | $370,000 |
Quadramed Affinity Corporation Mpi Services | 12/30/23 | $183,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,018,121 |
| 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 | $1,018,121 |
| Total Program Service Revenue | $8,979,102 |
| 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 | $9,997,223 |
| 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. | $178,988 |
| Compensation of current officers, directors, key employees. | $178,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,836,898 |
| Pension plan accruals and contributions | $86,415 |
| Other employee benefits | $516,260 |
| Payroll taxes | $246,714 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $68,395 |
| Fees for services: Accounting | $37,764 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $978,982 |
| Advertising and promotion | $0 |
| Office expenses | $59,185 |
| Information technology | $4,041,556 |
| Royalties | $0 |
| Occupancy | $266,755 |
| Travel | $35,281 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,881 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,327 |
| Insurance | $39,203 |
| All other expenses | $12,096 |
| Total functional expenses | $9,892,294 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,966,137 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $455,798 |
| 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 | $551,258 |
| Net Land, buildings, and equipment | $112,931 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,907,622 |
| Total assets | $7,993,746 |
| Accounts payable and accrued expenses | $646,564 |
| Grants payable | $0 |
| Deferred revenue | $52,446 |
| 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 | $1,941,084 |
| Total liabilities | $2,640,094 |
| Net assets without donor restrictions | $5,353,652 |
| 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 | $7,993,746 |