Newport Hospital
Overview
Mission
As a member hospital in the Brown Health system, NH is committed to its mission: Delivering health with care.
What it reported doing in 2023
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.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 050258914
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023, Form 990-T 2023
- Headquarters
- Newport, RI, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospitals
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for setting executive pay and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 95
- Accountability: 87
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.6%; rating input score 79
- Program expense ratio: 81.5%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 77.8%; rating input score 78; 26th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 0.9%; rating input score 40; 40th percentile among comparable filings
- Operating reserve ratio: 2.18; rating input score 67; 67th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 10th percentile among comparable filings
Details
- Where the money goes: 78.6% of revenue deployed · 81.5% of spending went to programs
- Governance: 14 of 18 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $137.7M in reported program spending
- Leadership: top reported pay $3.7M · 36 people listed · 5 of 6 pay-setting controls reported
- Consistency: 31 of 31 current checks pass
- Schedules: 8 filed schedules · includes major donors and executive pay
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 8 filed money-flow records
- Related organizations: 37 filed related-organization links