Memorial Hospital
90% goes to programs Thin reserves Declining revenue
Memorial Hospital is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1932, with $2,386,193 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 05-0259004 Since 1932
Revenue (FY2023)
$2.4M
▲ 7.0% vs prior year
Health median: $840K
Expenses (FY2023)
$2.6M
Net assets
-$103.8M
Employees
0
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
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 Memorial Hospital: 90% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -8% 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 Memorial Hospital: 0 mo reserves · -8% 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 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 Memorial Hospital: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Until the organization's closure, our mission was primary care and preventative medicine, providing advanced diagnosis and treatment with a focus on teaching and research.
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 declined from $148.6M (FY2013) to $2.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $126.2MNet assets -$103.8M
Operating margin
-7.9%
Spent more than it raised in the latest fiscal year.
Total assets
$22.4M
Total liabilities
$126.2M
Net assets
-$103.8M
Salaries & benefits
$0
0% of expenses
Board members
14
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $2,386,193▲7.0% | $2,574,184▼13.4% | -$103,761,065▲0.2% | $22,427,697▲1.0% | 990 |
| 2022 | $2,230,882▼43.3% | $2,971,784▼89.0% | -$103,947,693▲0.3% | $22,201,300▲10.7% | 990 |
| 2021 | $3,934,364▼54.0% | $27,036,632▲583% | -$104,227,734▼34.7% | $20,047,303▼59.1% | 990 |
| 2020 | $8,550,332▲405% | $3,956,831▼0.6% | -$77,353,995▲5.8% | $49,053,196▲5.2% | 990 |
| 2019 | $1,694,622▼63.7% | $3,980,183▼32.8% | -$82,078,774▲1.5% | $46,648,214▼0.5% | 990 |
| 2018 | $4,667,962▼87.0% | $5,926,165▼92.3% | -$83,336,950▲2.5% | $46,863,270▼7.1% | 990 |
| 2017 | $35,817,207▼68.6% | $76,937,122▼43.0% | -$85,481,300▲20.5% | $50,432,667▲322% | 990 |
| 2016 | $114,182,915▼10.3% | $135,055,907▼15.3% | -$107,529,982▼14.3% | -$22,720,997▼383% | 990 |
| 2015 | $127,332,689▼7.6% | $159,368,407▼3.2% | -$94,053,710▼92.5% | $8,022,785▼83.8% | 990 |
| 2014 | $137,774,178▼7.3% | $164,559,763▲5.1% | -$48,853,085▼888% | $49,637,117▼46.7% | 990 |
| 2013 | $148,551,517 | $156,587,254▼18.5% | -$4,943,458▲75.2% | $93,159,751▲67.2% | 990 |
| 2012 | — | $192,246,186▲2.8% | -$19,895,920▼28.5% | $55,728,659▼33.5% | 990 |
| 2011 | — | $187,084,993▲0.4% | -$15,486,502▼225% | $83,812,240▼17.6% | 990 |
| 2010 | — | $186,360,559▲0.9% | $12,414,341▼61.7% | $101,761,596▼10.8% | 990 |
| 2009 | — | $184,759,804 | $32,384,913 | $114,145,854 | 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)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| 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 | — |
| 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 | — |
| James M Burke | Vp - Finance Med/surg Hosp | 55 | — |
| Joseph J Mcgair Esq | Director | 1 | — |
| Judith Remondi | Director | 1 | — |
| Kevin Baill Md | Director - Med Dir Op Svcs/bh | 55 | — |
| Maribeth Q Williamson | Director | 1 | — |
| Michael E Wagner Md | Director - President/ceo/cne | 55 | — |
| Patrick J Murray Jr | Director | 1 | — |
| Peter Philips | Director | 1 | — |
| R Stephen Manty | Vice Chair/treasurer-director | 1 | — |
| Sharon Conard-wells | Director | 1 | — |
| Todd A Conklin | Asst. Treas./evp/cfo/cne | 55 | — |
Top vendors & contractors (FY2014)
| Contractor | Services | Paid |
|---|---|---|
| Arup | Laboratory | $549,867 |
| Francis R Dietz | Consulting | $544,425 |
| Brown University | Physicians | $542,603 |
| Sodexo Inc Affiliates | Dietary/management | $391,497 |
| Apb Security | Security | $389,820 |
Grants received · $1.1M total
7 grants to Memorial Hospital totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Northwestern University | Support of research activities | 2017 | $30,841 |
| Brown University of Providence | Subcontract grant award | 2016 | $266,912 |
| Northwestern University | Support of research activities | 2016 | $92,445 |
| American Cancer Society Inc | Extramural research grant | 2015 | $410,000 |
| Northwestern University | Support of research activities | 2015 | $130,312 |
| Brown University of Providence | Subcontract grant award | 2015 | $90,997 |
| Northwestern University | Support of research activities | 2014 | $101,498 |
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Frequently asked questions
- Is Memorial Hospital a legitimate nonprofit?
- Yes. Memorial Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0259004, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Memorial Hospital's EIN?
- Memorial Hospital's Employer Identification Number (EIN) is 05-0259004.
- How much revenue does Memorial Hospital report?
- Memorial Hospital reported $2,386,193 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Memorial Hospital's spending goes to programs?
- Memorial Hospital spends about 90% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Memorial Hospital have?
- CharityIndex grades Memorial Hospital C, based on program efficiency and fundraising cost.
- How much does Memorial Hospital's highest-paid employee make?
- The highest reported compensation on Memorial Hospital's latest Form 990 is $0, paid to Ana Tuya Fulton Md (Dir-chief Pop Hlth Off/cne).
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Data for Memorial Hospital (EIN 05-0259004) 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.