Care New England Health System
90% goes to programs $0 to raise $100 Thin reserves
Care New England Health System is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1997, with $186,560,882 in FY2023 revenue. CharityIndex grades it C, and it directs about 90% of spending to programs.
4 Richmond Square 4th Floor, Providence, RI, 02906 EIN 05-0490997 Since 1997
Revenue (FY2023)
$186.6M
▼ 1.5% vs prior year
Health median: $840K
Expenses (FY2023)
$194.3M
Net assets
-$208.7M
Employees
875
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating90% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Care New England Health System: 90% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Care New England Health System: 0 mo reserves · -4% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Care New England Health System: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Care New England Health System: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
The organization is devoted to continually improving the health and well-being of the people and communities they serve.
What they do
Expenses incurred in operating integra community care network, llc, an accountable care organization whose sole corporate member is care new england health system.
Care new england wellness center: programs and clinical services are based on a model of medical integration with a team approach, incorporating nutrician counseling, fitness, health education and stress management. as a compliment to conventional medical treatment, integrative therapies are offered. please refer to schedule o for the organization's community benefit statement.
Contact & location
- Address
- 4 Richmond Square 4th Floor, Providence, RI, 02906
- City
- Providence
- State
- Rhode Island
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $115.1M (FY2013) to $186.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $275.8MNet assets -$208.7M
Operating margin
-4.1%
Spent more than it raised in the latest fiscal year.
Total assets
$67.1M
Total liabilities
$275.8M
Net assets
-$208.7M
Salaries & benefits
$70.9M
37% of expenses
Board members
14
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $186,560,882▼1.5% | $194,271,241▲8.4% | -$208,713,924▼5.6% | $67,118,060▲24.0% | 990 |
| 2022 | $189,328,753▲7.6% | $179,135,413▼4.6% | -$197,656,057▲5.8% | $54,110,952▲12.0% | 990 |
| 2021 | $175,954,411▲2.3% | $187,735,266▲5.6% | -$209,896,214▼2.7% | $48,312,739▼37.3% | 990 |
| 2020 | $172,013,739▲3.7% | $177,797,113▲7.3% | -$204,427,859▲1.3% | $77,099,194▼28.1% | 990 |
| 2019 | $165,919,700▲9.3% | $165,709,309▲9.8% | -$207,183,321▼6.1% | $107,215,720▲11.4% | 990 |
| 2018 | $151,776,108▲2.1% | $150,977,849▼2.3% | -$195,311,918▼13.9% | $96,254,217▼13.5% | 990 |
| 2017 | $148,618,840▲2.2% | $154,489,053▼2.4% | -$171,462,109▼73.1% | $111,248,010▼15.0% | 990 |
| 2016 | $145,387,664▲5.1% | $158,315,097▼17.1% | -$99,036,237▼14.2% | $130,819,449▼15.9% | 990 |
| 2015 | $138,311,193▲8.4% | $190,861,329▲44.5% | -$86,705,976▼231% | $155,542,117▼17.0% | 990 |
| 2014 | $127,580,512▲10.8% | $132,070,940▲13.0% | -$26,159,302▼61.5% | $187,503,057▼3.4% | 990 |
| 2013 | $115,139,338 | $116,901,310▲26.2% | -$16,199,193▼54.8% | $194,084,417▲39.0% | 990 |
| 2012 | — | $92,631,246▲6.1% | -$10,463,899▲45.9% | $139,665,881▼8.6% | 990 |
| 2011 | — | $87,275,047▲50.9% | -$19,344,973▼33.2% | $152,766,952▲18.3% | 990 |
| 2010 | — | $57,854,448▲45.5% | -$14,526,040▼37.0% | $129,158,133▲35.9% | 990 |
| 2009 | — | $39,762,678 | -$10,601,516 | $95,033,482 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Michael E Wagner Md — $1,688,410 (0.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael E Wagner Md | Director - President/ceo/cne | 55 | $1,688,410 |
| James E Fanale Md | Former Officer | 0 | $1,317,641 |
| F Joseph Iannoni | Former Officer | 0 | $806,929 |
| Todd A Conklin | Asst. Treas./evp/cfo/cne | 55 | $707,222 |
| Ana Tuya Fulton Md | Dir-chief Pop Hlth Off/cne | 55 | $590,920 |
| Gail E Robbins | Svp, Finance and Planning | 55 | $579,794 |
| Ashley M Taylor Esq | Asst. Sec./gen. Counsel/cne | 55 | $542,295 |
| Roger Mitty | President - Cnemg | 55 | $478,528 |
| Arnold Avila | Former Key Employee | 0 | $438,127 |
| Jessica Mccarthy | Vp, Chief Marketing Officer | 55 | $414,733 |
| Bryan Liese | Svp, Operations - Cnemg | 55 | $377,435 |
| Mark Yerrick | Vp Facilities & Support Svcs. | 55 | $372,331 |
| Jennie Henriques | Chief Compliance Officer | 55 | $371,955 |
| Stephen M Silva | Vp Logistic & Supply Chain | 55 | $364,970 |
| Krysten Blanchette | Vp Rev Cycle | 55 | $360,118 |
| James M Burke | Vp Finance Med/surg Hosp | 55 | $358,134 |
| Gary Speciale | Vp Risk Management | 55 | $316,011 |
| John S Minichiello | Former Key Employee | 0 | $277,188 |
| Dean R Carlson | Vp Human Resources | 55 | $197,310 |
| Susan C Martin | Former Key Employee | 0 | $138,012 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Kyndryl Inc | It | $24,943,998 |
| Dimeo Construction Company | Construction | $19,722,228 |
| Brigham Womens Physician Organiza | Medical | $14,300,106 |
| Ri Primary Care Physicians | Medical | $11,567,811 |
| Sodexo Inc Affiliates | Food/management | $11,316,902 |
Grants received · $476K total
7 grants to Care New England Health System totaling $476K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Rhode Island Community Foundation | Healthy lives | 2023 | $250,000 |
| The Rhode Island Community Foundation | Emergency telemedicine support | 2020 | $50,000 |
| The Rhode Island Community Foundation | Emergency telemedicine support | 2020 | $50,000 |
| The Rhode Island Community Foundation | Care new england emergency fund | 2020 | $25,000 |
| The Rhode Island Community Foundation | Care new england emergency fund | 2020 | $25,000 |
| Brown University of Providence | Subcontract grant award | 2017 | $35,172 |
| University of Pittsburgh | Research- subcontract | 2014 | $40,541 |
Grants made · $441K in FY2023
1 grant totaling $441K in FY2023. All grants made by Care New England Health System →
| Recipient | Purpose | Amount |
|---|---|---|
| City of Providence | General support | $440,900 |
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Frequently asked questions
- Is Care New England Health System a legitimate nonprofit?
- Yes. Care New England Health System is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0490997, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Care New England Health System's EIN?
- Care New England Health System's Employer Identification Number (EIN) is 05-0490997.
- How much revenue does Care New England Health System report?
- Care New England Health System reported $186,560,882 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Care New England Health System's spending goes to programs?
- Care New England Health System spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Care New England Health System have?
- CharityIndex grades Care New England Health System C, based on program efficiency and fundraising cost.
- How much does Care New England Health System's highest-paid employee make?
- The highest reported compensation on Care New England Health System's latest Form 990 is $1,688,410, paid to Michael E Wagner Md (Director - President/ceo/cne).
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Data for Care New England Health System (EIN 05-0490997) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.