Newport Hospital
81% goes to programs $0 to raise $100 Strong reserves Growing revenue
Newport Hospital is a 501(c)(3) organization based in Newport, Rhode Island, registered in 1937, with $170,505,731 in FY2023 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
11 Friendship St, Newport, RI, 02840 EIN 05-0258914 Since 1937
Revenue (FY2023)
$170.5M
▲ 14.4% vs prior year
Health median: $840K
Expenses (FY2023)
$169.0M
Net assets
$339.6M
Employees
1,078
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% 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 Newport Hospital: 81% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating24 mo reserves · +1% 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 Newport Hospital: 24 mo reserves · +1% margin earns a A 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 Newport Hospital: 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 Newport Hospital: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
As a member hospital in the brown health system, newport hospital (nh) is committed to its mission: delivering health with care.
What they do
Nh provides certain healthcare services on an outpatient basis. in fiscal year 2024, nh experienced outpatient volume of 53,696 equivalent outpatient days and performed 2,272 outpatient surgeries. outpatient services are also provided in nh's emergency department, which had 34,088 patient visits in fiscal year 2024.(see also schedule o, part iii, line 4b)
The noreen stonor drexel birthing center (the center) at nh delivered 403 newborns during the fiscal year ended september 30, 2023. the center is a separate unit at nh for labor and delivery, enabling patients to remain in the same location for labor, delivery, recovery, and postpartum care. the center's staff includes board-certified obstetricians, pediatricians, family practitioners, anesthesiologists, a certified nurse midwife, and registered nurses who have received national certifications in obstetrical nursing. the center at nh has received the "baby friendly" designation from the world health organization and unicef.
Contact & location
- Address
- 11 Friendship St, Newport, RI, 02840
- City
- Newport
- State
- Rhode Island
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $113.2M (FY2013) to $170.5M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $29.0MNet assets $339.6M
Operating margin
0.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$368.7M
Total liabilities
$29.0M
Net assets
$339.6M
Salaries & benefits
$84.1M
50% of expenses
Board members
18
14 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $170,505,731▲14.4% | $169,011,856▲17.6% | $339,610,652▲12.9% | $368,653,202▲10.8% | 990 |
| 2022 | $149,049,913▲13.7% | $143,736,247▲8.8% | $300,707,921▲7.7% | $332,869,228▲4.9% | 990 |
| 2021 | $131,097,711▼11.2% | $132,117,552▲1.7% | $279,148,204▼9.7% | $317,340,774▼12.1% | 990 |
| 2020 | $147,656,506▲14.1% | $129,859,798▲4.2% | $309,098,122▲21.0% | $361,028,051▲13.9% | 990 |
| 2019 | $129,356,441▲1.3% | $124,625,759▲2.3% | $255,452,247▲2.5% | $317,088,724▲6.0% | 990 |
| 2018 | $127,699,454▲2.1% | $121,803,033▲3.7% | $249,177,901▼8.0% | $299,224,842▼5.1% | 990 |
| 2017 | $125,015,621▲3.6% | $117,402,560▲4.7% | $270,837,541▲2.8% | $315,400,939▲0.4% | 990 |
| 2016 | $120,625,236▲12.8% | $112,172,415▲1.9% | $263,418,275▲7.4% | $314,268,132▲4.5% | 990 |
| 2015 | $106,962,868▼3.5% | $110,052,699▲4.1% | $245,236,912▼3.9% | $300,724,229▼2.4% | 990 |
| 2014 | $110,856,236▼2.1% | $105,751,060▼4.1% | $255,254,698▼9.9% | $308,039,967▼7.1% | 990 |
| 2013 | $113,189,706 | $110,240,142▼4.4% | $283,291,394▲0.1% | $331,502,653▲1.9% | 990 |
| 2012 | — | $115,271,482▲5.4% | $283,032,656▲0.9% | $325,236,038▼0.1% | 990 |
| 2011 | — | $109,345,346▼4.3% | $280,438,132▲6.0% | $325,683,730▲6.1% | 990 |
| 2010 | — | $114,287,211▲4.7% | $264,657,965▲5.3% | $307,062,130▲0.9% | 990 |
| 2009 | — | $109,149,062 | $251,300,713 | $304,235,611 | 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: Jeffrey T Gaines Md — $442,719 (0.26% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey T Gaines Md | Chief Medical Officer | 40 | $442,719 |
| Orla M Brandos | Chief Nursing Officer | 40 | $332,004 |
| Anthony R Romano | Registered Nurse | 40 | $210,011 |
| Perry J Wein | Director-op. Room | 40 | $195,360 |
| Paul W Parchesky | Dir. Inpatient Rx | 40 | $191,754 |
| Elizabeth Lima-tessier | Dir. Emergency Svs | 40 | $176,973 |
| Jessica M Piazza | Registered Nurse | 40 | $172,016 |
| Sarah Nekrasz | Intrm Chief Nursing Officer | 40 | $171,679 |
| Alan H Litwin | Vice Chair | 0 | — |
| Angel Taveras | Trustee | 0 | — |
| Arthur J Sampson | Fmr. Trustee | 0 | — |
| Chris Cocks | Trustee | 0 | — |
| Crista F Durand | President | 33 | — |
| Edward D Feldstein Esq | Trustee | 0.2 | — |
| Emanuel Barrows | Trustee | 1.5 | — |
| Eva Greenwood | Treasurer | 0.5 | — |
| G Alan Kurose | Fmr. Trustee | 0 | — |
| Janet Robinson | Trustee | 0 | — |
| Jane Williams Phd Rn | Trustee-12/23 | 3 | — |
| John Fernandez | Trustee | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Allied Universal Security Svcs | Security | $1,428,564 |
| Amn Healthcare Inc | Healthcare Staffing | $1,389,162 |
| Brown Surgical Associates | Medical Services | $999,913 |
| Sodexo Inc & Affiliates | Food Services | $801,843 |
| Brown Urology | Medical Services | $515,500 |
Grants received · $127K total
9 grants to Newport Hospital totaling $127K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Philanthropic Tr | Public, societal benefit | 2023 | $10,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $17,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $12,100 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $14,150 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $12,750 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2018 | $11,491 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2017 | $31,250 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2016 | $5,500 |
Grants made · $37K in FY2016
2 grants totaling $37K in FY2016. All grants made by Newport Hospital →
| Recipient | Purpose | Amount |
|---|---|---|
| Rhode Island Hospital | Philanthropic program services | $31,822 |
| Childrens Hospital Pediatric Associates Inc | Philanthropic support | $5,475 |
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Frequently asked questions
- Is Newport Hospital a legitimate nonprofit?
- Yes. Newport Hospital is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 05-0258914, based in Newport, Rhode Island. Donations are tax-deductible.
- What is Newport Hospital's EIN?
- Newport Hospital's Employer Identification Number (EIN) is 05-0258914.
- How much revenue does Newport Hospital report?
- Newport Hospital reported $170,505,731 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Newport Hospital's spending goes to programs?
- Newport Hospital spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Newport Hospital have?
- CharityIndex grades Newport Hospital A, based on program efficiency and fundraising cost.
- How much does Newport Hospital's highest-paid employee make?
- The highest reported compensation on Newport Hospital's latest Form 990 is $442,719, paid to Jeffrey T Gaines Md (Chief Medical Officer).
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Data for Newport Hospital (EIN 05-0258914) 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.