Care New England Health System
Overview
Mission
Care New England is a nonprofit health system working together to support the well-being of our community. Supporting the Health of Our Communities Care New England offers a wide range of services, from primary care and surgery to behavioral health, cancer care, and women’s and newborn services. By staying connected across our system, we make it easier for patients to get the care they need and support better health at every stage of life. Our focus is simple. Provide high-quality care with compassion and respect, every step of the way. We also work to keep care accessible and affordable, so more people in our community can get the support they need.
What it reported doing in 2023
Care new england health system is the holding company of a tax-exempt integrated healthcare delivery system which consists of butler hospital, kent county memorial hospital, women and infants hospital of Rhode Island, the memorial hospital, women and infants corporation, kent county visiting nurse association d/b/a vna of care new england, and their subsidiaries and affiliates. Care new england health system provides management services which includes strategic planning, investment management, capital financing for the group, legal, purchasing, information technology, revenue cycle, accounting, compliance/internal audit, contracting, risk management, marketing, wellness, printing and credentialling. Please refer to schedule o for the organization's community benefit statement.
Operating model
- Revenue model
- Earned-program. 99% 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
- 050490997
- IRS 990 coverage
- 2009–2023
- Website reviewed
- Jul 2026
- Forms available
- Form 990 2023
- Headquarters
- Providence, RI, United States
- Rating
- 82
- 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. Expenses are high relative to revenue and available reserves provide a limited financial cushion.
Rating breakdown
- Financial Efficiency: 92
- Transparency & Controls: 80
- Accountability: 81
- Sustainability: 12
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.4%; rating input score 93
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: 0 of 8 controls in place; rating input score 0
- Public policy transparency: 1 of 7 controls in place; rating input score 14
- Public financial transparency: 1 of 5 controls in place; rating input score 20
- Impact reporting controls: 1 of 7 controls in place; rating input score 14
- Public relationship transparency: Yes; rating input score 100
Accountability
- Independent voting board: 78.6%; rating input score 79; 26th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: 1 of 4 controls in place; rating input score 25
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -4.1%; rating input score 16; 16th percentile among comparable filings
- Operating reserve ratio: 0.35; rating input score 11; 11th percentile among comparable filings
- Liabilities to assets ratio: 4.11; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 3.3% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 7.4% per year; rating input score 100; 64th percentile among comparable filings
- Asset growth: -5.8% per year; rating input score 0; 2nd percentile among comparable filings
Details
- What they do: 7 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 93.4% of revenue deployed · 90% of spending went to programs
- Governance: 11 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $174.9M in reported program spending
- Leadership: top reported pay $1.7M · 35 people listed · 4 of 6 pay-setting controls reported
- Consistency: 34 of 34 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 22 filed money-flow records
- Related organizations: 28 filed related-organization links