The Providence Community Health Centers Inc
Overview
Mission
To improve the well-being of the communities we serve through the delivery of high-quality, accessible, and affordable healthcare for all, regardless of a person's ability to pay.
What it reported doing in 2024
Pharmacy - 340b340b program is essential to helping providers stretch limited resources to better serve vulnerable communities and to manage rising prescription drug costs. 340b contracts with walmart, cvs, walgreens, and other local pharmacies to provide prescriptions at reduced pricing to pchc patients. In fy24 there were 52,666 patients utilizing contract pharmacy and 416,055 prescriptions sent to contract pharmacy.
Operating model
- Revenue model
- Earned-program. 83% 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
- 050368134
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Providence, RI, USA
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 80
- Accountability: 100
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.2%; rating input score 95
- Program expense ratio: 79.4%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 76th 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: -19.2%; rating input score 4; 4th percentile among comparable filings
- Operating reserve ratio: 1.27; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 11.1% per year; rating input score 100; 78th percentile among comparable filings
- Revenue growth: 8.8% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 9.6% per year; rating input score 100; 68th percentile among comparable filings
Details
- Where the money goes: 95.2% of revenue deployed · 79.4% of spending went to programs
- Governance: 13 of 13 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $83.9M in reported program spending
- Leadership: top reported pay $691K · 30 people listed · 2 of 6 pay-setting controls reported
- Consistency: 33 of 33 current checks pass
- Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 13 annual filings from 2009 to 2024
- Money network: 13 filed money-flow records
- Related organizations: 1 filed related-organization link