Coastal Medical Physicians Inc
61% goes to programs $0 to raise $100 Thin reserves Growing revenue
Coastal Medical Physicians Inc is a 501(c)(3) organization based in Providence, Rhode Island, registered in 2021, with $41,403,123 in FY2023 revenue. CharityIndex grades it C, and it directs about 61% of spending to programs.
10 Davol Square Suite 300, Providence, RI, 02903 EIN 84-4944884 Since 2021
Revenue (FY2023)
$41.4M
▼ 45.7% vs prior year
Health median: $840K
Expenses (FY2023)
$91.0M
Net assets
-$41.4M
Employees
884
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 rating61% 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 Coastal Medical Physicians Inc: 61% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -120% 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 Coastal Medical Physicians Inc: 0 mo reserves · -120% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Coastal Medical Physicians Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Coastal Medical Physicians Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Cmpi was organized to provide accountable patient-centered, high quality, efficient, value-based and innovative care to serve the health needs of the communities in rhode island and elsewhere. (see schedule o)
Contact & location
- Address
- 10 Davol Square Suite 300, Providence, RI, 02903
- City
- Providence
- State
- Rhode Island
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $34.6M (FY2020) to $41.4M (FY2023) across 4 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $67.2MNet assets -$41.4M
Operating margin
-119.8%
Spent more than it raised in the latest fiscal year.
Total assets
$25.8M
Total liabilities
$67.2M
Net assets
-$41.4M
Salaries & benefits
$78.7M
86% of expenses
Board members
9
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $41,403,123▼45.7% | $90,999,925▲10.8% | -$41,410,249▼1152% | $25,768,532▼15.5% | 990 |
| 2022 | $76,308,215▼6.3% | $82,094,735▲2.1% | -$3,307,412▼213% | $30,503,726▲2.5% | 990 |
| 2021 | $81,399,867▲135% | $80,371,926▲143% | $2,922,344▲90.5% | $29,745,787▲37.6% | 990 |
| 2020 | $34,586,509 | $33,052,102 | $1,534,407 | $21,618,026 | 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: Alan G Kurose Md — $593,347 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Alan G Kurose Md | Fmr. President | 0 | $593,347 |
| Edward Mcgookin Md | President | 40 | $576,352 |
| Kristen B Hubbard Md | Director | 40 | $341,818 |
| John A Gaines Md | Physician | 40 | $337,818 |
| Matthew T Salisbury Md | Director | 40 | $337,810 |
| Stephanie Maryeski | Physician | 40 | $335,427 |
| Ryan Rossi Md | Physician | 40 | $331,396 |
| Liza Cantor Md | Physician | 40 | $330,279 |
| David Kerzer Do | Physician | 40 | $327,680 |
| Marjorie S Carges Md | Vice Chair | 40 | $323,681 |
| Robert O Cicchelli Md | Director | 40 | $294,025 |
| Raymond P Zarlengo Md | Director | 40 | $256,502 |
| Christina Mitchell Md | Director | 40 | $234,401 |
| Anne Cushing-brescia Md | Director | 40 | $88,739 |
| Christopher Ferraro | Cfo | 40 | — |
| Dean G Roye Md | Secretary | 0.25 | — |
| Jeffrey T Gaines Md | Chairman | 0 | — |
| Peter K Markell | Treasurer | 0.1 | — |
| Timothy J Babineau | Fmr. Chair | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Eclinical Works LLC | Elec. Med Record Software | $177,585 |
| City Personnel Inc | Temporary Staffing | $110,720 |
| Helen M Lapointe DBA Nurse Telephone Triage | Answering Services | $105,596 |
| Validate Health Inc | Clinical Services | $104,500 |
Grants received · $10K total
1 grant to Coastal Medical Physicians Inc totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Upstream USA Inc | Reproductive health program training | 2023 | $10,000 |
Similar organizations in Health
Health
Pace Organization of Rhode Island
Riverside, RI
$43.4M
C+annual revenue
Health
Blackstone Valley Community Health Care Inc
Pawtucket, RI
$29.7M
C+annual revenue
Health
Meeting Street
Providence, RI
$25.6M
Bannual revenue
Health
Northwest Community Health Care
Pascoag, RI
$25.2M
Bannual revenue
Health
Brown Urology Inc
Providence, RI
$24.4M
Dannual revenue
Health
Kent County Visiting Nurse Association
Providence, RI
$19.4M
Dannual revenue
Health
Rhode Island Hospital Foundation
Providence, RI
$18.2M
Bannual revenue
Health
Steere House
Providence, RI
$17.3M
Bannual revenue
- Health
Newport Hospital Foundation Inc
Providence, RI
$17.2M
C+annual revenue
Health
Wood River Health Services Inc
Hope Valley, RI
$15.0M
Bannual revenue
Compare Coastal Medical Physicians Inc
Frequently asked questions
- Is Coastal Medical Physicians Inc a legitimate nonprofit?
- Yes. Coastal Medical Physicians Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 84-4944884, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Coastal Medical Physicians Inc's EIN?
- Coastal Medical Physicians Inc's Employer Identification Number (EIN) is 84-4944884.
- How much revenue does Coastal Medical Physicians Inc report?
- Coastal Medical Physicians Inc reported $41,403,123 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Coastal Medical Physicians Inc's spending goes to programs?
- Coastal Medical Physicians Inc spends about 61% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Coastal Medical Physicians Inc have?
- CharityIndex grades Coastal Medical Physicians Inc C, based on program efficiency and fundraising cost.
- How much does Coastal Medical Physicians Inc's highest-paid employee make?
- The highest reported compensation on Coastal Medical Physicians Inc's latest Form 990 is $593,347, paid to Alan G Kurose Md (Fmr. President).
More nonprofits in Providence
Explore more
Data for Coastal Medical Physicians Inc (EIN 84-4944884) 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.