Hopehealth
Nonprofit profile at a glance
- EIN
- 454391049
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Providence, RI, USA
- Phone
- 4014154200
- Rating
- 68
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $2,790,121
- Expenses
- $2,693,145
- Assets
- $20,423,097
- Liabilities
- $19,102,844
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- DIANA FRANCHITTO (PRESIDENT & CEO)
- JENNIFER M RITZAU (VICE PRESIDENT, MEDICAL STAFF)
Highest reported compensation
- DIANA FRANCHITTO (PRESIDENT & CEO): $570,904 total reported compensation
- EDWARD MARTIN (CHIEF MEDICAL OFFICER): $472,886 total reported compensation
- JENNIFER M RITZAU (VICE PRESIDENT, MEDICAL STAFF): $346,248 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 purpose is to offer our skills and hearts to help patients and families live each day with hope and dignity.
What it reported doing in 2024
To assist its related affiliates with organizational and management activities.
Operating model
- Revenue model
- Earned-program. 87% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 31
- Transparency & Controls: 95
- Accountability: 97
- Sustainability: 48
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 33.9%; rating input score 34
- Program expense ratio: 34.7%; rating input score 35
- Fundraising efficiency: $0 raised per $1 spent on fundraising; rating input score 0; 0th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 95%; rating input score 95; 25th 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: 3.5%; rating input score 46; 46th percentile among comparable filings
- Total-asset coverage ratio: 7.58; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.94; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 94.3%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 39.2% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 38.5% per year; rating input score 100; 96th percentile among comparable filings
- Asset growth: 31.2% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 33.9% of revenue deployed · 34.7% of spending went to programs
- Governance: 19 of 20 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $933K in reported program spending
- Leadership: top reported pay $571K · 28 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $340K reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes grants and executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 3 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 34/100.
- Moderate — Financial Efficiency: Program expense ratio scored 35/100.
- High — Financial Efficiency: Fundraising efficiency scored 0/100.
- Moderate — Sustainability: Operating margin scored 46/100.
- High — Sustainability: Officer compensation ratio scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.