Delta Dental of Rhode Island
Nonprofit profile at a glance
- EIN
- 050296998
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Providence, RI, USA
- Phone
- 4017526000
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $69,698,652
- Expenses
- $69,085,162
- Assets
- $139,305,705
- Liabilities
- $17,264,441
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- JOSEPH R PERRONI (PRESIDENT & CEO)
- JOSEPH NAGLE (FORMER PRESIDENT & CEO (THRU 6/2019))
Highest reported compensation
- JOSEPH R PERRONI (PRESIDENT & CEO): $914,620 total reported compensation
- THOMAS D CHASE (SR. VP & COO): $595,704 total reported compensation
- RICHARD A FRITZ (SR. VP FINANCE & CFO): $583,939 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to deliver impeccable service, quality and innovation that exceeds expectations. As experts in oral health care, we are committed to accessible, affordable care that drives improved health outcomes.
What it reported doing in 2024
At delta dental, we have a long-standing tradition of helping our state's most vulnerable citizens. In 2005, we established the delta dental of Rhode Island fund, formalizing our commitment to dental health initiatives in our community. As a vested community partner, we leverage the delta dental of Rhode Island fund, as well as our robust employee volunteer program, and matching gift program to support critical oral health needs across the state. Grants are awarded to qualifying charitable organizations for programs or capital expenditures that increase access to dental care for at-risk, vulnerable rhode islanders.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Member-benefit provider. The nonprofit used 83% of its reported program spending for member benefits.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 90
- Accountability: 96
- Sustainability: 46
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.7%; rating input score 82
- Program expense ratio: 84.2%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 88.1%; rating input score 88; 21st percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 93.3%; rating input score 93; 44th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.9%; rating input score 37; 37th percentile among comparable filings
- Total-asset coverage ratio: 2.02; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 6.6%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: -11.5% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -7.1% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 2.7% per year; rating input score 100; 19th percentile among comparable filings
Details
- Where the money goes: 81.7% of revenue deployed · 84.2% of spending went to programs
- Governance: 14 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $58.2M in reported program spending
- Leadership: top reported pay $915K · 28 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.6M reported
- Consistency: 35 of 36 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 50 filed money-flow records
- Related organizations: 31 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 37/100.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.