Kent Hospital

Legal name: Kent County Memorial Hospital

Nonprofit profile at a glance

EIN
050258896
IRS 990 coverage
2009–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Warwick, RI, United States
Phone
(401) 737-7000
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$755,830,921
Expenses
$775,542,919
Assets
$240,801,862
Liabilities
$212,918,833

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

32 people listed

Executive titles in this filing

  • MICHAEL E WAGNER MD (DIRECTOR - PRESIDENT/CEO/CNE)
  • PAARI GOPALAKRISHNAN MD MBA (PRESIDENT & COO (TERM 9/25))
  • DUANE T GOLOMB MD (PRESIDENT-AFFINITY PHYSICIANS)

Highest reported compensation

  • MICHAEL E WAGNER MD (DIRECTOR - PRESIDENT/CEO/CNE): $2,192,482 total reported compensation
  • JAMES E FANALE MD (FORMER OFFICER): $1,158,470 total reported compensation
  • TODD A CONKLIN (ASST. TREAS./EVP/CFO/CNE): $1,045,134 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Kent Hospital Foundation and Kent Hospital are devoted to improving the health & well-being of the people & communities we serve, offering our essential services without regard for ability to pay. Kent Hospital, located in Warwick, Rhode Island, provides high quality, compassionate and personalized health care delivered in an interdisciplinary model that involves all members of the health care team. The Kent Medical Staff represents more than 30 specialty areas. Their credentials include training in leading educational and medical institutions worldwide. The hospital's care team includes more than 2,300 nurses, technical professionals and support staff. Kent Hospital is an affiliate of the University of New England College of Osteopathic Medicine (UNECOM) for medical education.

What it reported doing in 2024

Expenses incurred in providing various other medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. 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 filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 61
  • Accountability: 86
  • Sustainability: 21
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.5%; rating input score 92
  • Program expense ratio: 90%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 0%; rating input score 0; 3rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 76.5%; rating input score 76; 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: -2.6%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 0.31; rating input score 10; 10th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 64th percentile among comparable filings
  • Revenue growth: 6.8% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 28th percentile among comparable filings

Details

  • What they do: 4 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 92.5% of revenue deployed · 90% of spending went to programs
  • Governance: 13 of 17 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $698M in reported program spending
  • Leadership: top reported pay $2.2M · 32 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $107.8M reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 30 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 17/100.
  • High — Sustainability: Total-asset coverage ratio scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.