Kent County Memorial Hospital
90% goes to programs $0 to raise $100 Thin reserves
Kent County Memorial Hospital is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1955, with $687,220,240 in FY2023 revenue. CharityIndex grades it B+, and it directs about 90% of spending to programs.
4 Richmond Square 4th Floor, Providence, RI, 02906 EIN 05-0258896 Since 1955
Revenue (FY2023)
$687.2M
▲ 6.4% vs prior year
Health median: $840K
Expenses (FY2023)
$700.4M
Net assets
$46.3M
Employees
3,475
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
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 →A+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 Kent County Memorial Hospital: 90% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
C+Financial health25% of the rating1 mo reserves · -2% 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 Kent County Memorial Hospital: 1 mo reserves · -2% margin earns a C+ 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 Kent County Memorial Hospital: 6 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 Kent County Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The organization is devoted to improving the health & well-being of the people & communities we serve offering our essential services without regard for ability to pay.
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 $323.4M (FY2013) to $687.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $186.2MNet assets $46.3M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$232.5M
Total liabilities
$186.2M
Net assets
$46.3M
Salaries & benefits
$355.4M
51% of expenses
Board members
14
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $687,220,240▲6.4% | $700,414,275▲4.8% | $46,345,122▼33.8% | $232,531,196▼15.1% | 990 |
| 2022 | $646,011,139▲7.5% | $668,151,722▲5.3% | $69,991,697▼20.8% | $273,921,260▼1.4% | 990 |
| 2021 | $601,092,922▼2.6% | $634,246,477▲7.9% | $88,344,488▼32.4% | $277,772,542▼1.4% | 990 |
| 2020 | $616,989,024▲22.1% | $587,743,090▲13.8% | $130,776,964▲56.4% | $281,809,597▲7.0% | 990 |
| 2019 | $505,476,351▼2.8% | $516,372,099▲1.2% | $83,635,325▼16.2% | $263,427,116▲39.4% | 990 |
| 2018 | $520,038,036▲5.4% | $510,223,879▲6.7% | $99,789,877▲0.2% | $189,001,144▲9.1% | 990 |
| 2017 | $493,418,602▲10.8% | $478,218,794▲7.2% | $99,627,583▲40.3% | $173,166,039▲10.9% | 990 |
| 2016 | $445,260,413▲16.9% | $446,205,335▲18.3% | $71,032,992▲8.1% | $156,160,924▲1.4% | 990 |
| 2015 | $380,892,854▲22.7% | $377,268,783▲29.9% | $65,706,619▼7.4% | $153,976,711▼9.8% | 990 |
| 2014 | $310,514,037▼4.0% | $290,501,933▼7.9% | $70,929,892▼0.3% | $170,786,436▼2.7% | 990 |
| 2013 | $323,420,083 | $315,554,401▲0.6% | $71,156,965▲4.6% | $175,521,958▲3.8% | 990 |
| 2012 | — | $313,548,768▲6.1% | $68,049,048▲24.1% | $169,139,183▲1.7% | 990 |
| 2011 | — | $295,415,660▼4.2% | $54,854,783▲13.8% | $166,359,858▼2.4% | 990 |
| 2010 | — | $308,286,368▲6.7% | $48,206,524▼17.9% | $170,485,058▲10.0% | 990 |
| 2009 | — | $288,927,110 | $58,718,315 | $154,987,186 | 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: Doris Costello Md — $763,554 (0.11% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Doris Costello Md | Anesthesiologist | 55 | $763,554 |
| Jonathan Gastel Md | Orthopedist | 55 | $752,154 |
| Paari Gopalakrishnan Md Mba | President & Coo | 55 | $688,641 |
| Huai-jen Yang Md | Anesthesiologist | 55 | $679,893 |
| Steven N Graff Md | Orthopedist | 55 | $677,661 |
| Ghulam Surti Md | Chief Medical Officer | 55 | $661,001 |
| Robert M Shalvoy Md | Exec Chief, Ortho Sports Med | 55 | $649,787 |
| Kevin Baill Md | Director - Med Dir Op Svcs/bh | 55 | $582,758 |
| Judith Ann Thorpe Msn Rn | Former Key Employee | 55 | $360,508 |
| Duane T Golomb Md | President-affinity Physicians | 55 | $346,532 |
| Sherri Sprague Mha Bsn Rn | Cno | 55 | $336,658 |
| Ana Tuya Fulton Md | Dir-chief Pop Hlth Off/cne | 55 | — |
| Ashley M Taylor Esq | Asst. Sec./gen. Counsel/cne | 55 | — |
| Carolyn Masters Phd Rn | Director | 1 | — |
| Charles R Reppucci Esq | Director | 1 | — |
| Dean R Carlson | Vp - Human Resources | 55 | — |
| F Joseph Iannoni | Former Officer | 0 | — |
| Gary E Furtado | Chairman - Director | 1 | — |
| James A Botvin | Secretary - Director | 1 | — |
| James E Fanale Md | Former Officer | 0 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Care New England Health System | Management | $79,723,934 |
| Butler Hospital | Management | $9,404,424 |
Grants received · $1000K total
28 grants to Kent County Memorial Hospital totaling $1000K, reported by foundations on their Schedule I filings — showing the 15 most recent.
Grants made · $58K in FY2018
1 grant totaling $58K in FY2018. All grants made by Kent County Memorial Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Kent Hospital Foundation | General support | $58,305 |
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Frequently asked questions
- Is Kent County Memorial Hospital a legitimate nonprofit?
- Yes. Kent County Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0258896, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Kent County Memorial Hospital's EIN?
- Kent County Memorial Hospital's Employer Identification Number (EIN) is 05-0258896.
- How much revenue does Kent County Memorial Hospital report?
- Kent County Memorial Hospital reported $687,220,240 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Kent County Memorial Hospital's spending goes to programs?
- Kent County Memorial Hospital spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Kent County Memorial Hospital have?
- CharityIndex grades Kent County Memorial Hospital B+, based on program efficiency and fundraising cost.
- How much does Kent County Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Kent County Memorial Hospital's latest Form 990 is $763,554, paid to Doris Costello Md (Anesthesiologist).
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Data for Kent County Memorial Hospital (EIN 05-0258896) 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.