Miriam Hospital Foundation
Nonprofit profile at a glance
- EIN
- 050377502
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2022
- Location
- Providence, RI, USA
- Phone
- 4014446500
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $25,111,437
- Expenses
- $11,159,666
- Assets
- $94,608,034
- Liabilities
- $1,881,473
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
33 people listed
Executive titles in this filing
- Maria P Ducharme (President)
Highest reported compensation
- Peter K Markell (EVP & CFO): $1,505,315 total reported compensation
- Maria P Ducharme (President): $830,599 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To be operated exclusively for charitable, scientific, and educational purposes, and more specifically, for the purpose of supporting and otherwise benefiting and being responsive to the needs of Brown University Health and its affiliates.
What it reported doing in 2024
Through the development and administration of its philanthropic activities, in fiscal year 2025 The Miriam Hospital Foundation (TMHF) transferred temporarily restricted net assets totaling $7,934,963 to TMH to support its operations and capital expenditures. Most notably, TMHF transferred $5,422,723 for the TMH Centennial Capital Campaign for renovations/construction to the TMH hospital campus with focus on the Emergency Department, private rooms, the relocation of the inpatient oncology department; and may expand to other areas. Includes purchases of furniture/equipment. Additional transfers to TMH included $430,630 in support of the TMH Spine Center, $230,119 towards operation of TMH's Emergency Department,$176,236 to the Cardiology Department to be used for operational needs, and $138,066 in support of Neuroscience research and Department of Medicine education.
Operating model
- Revenue model
- Donor-supported. 90% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 71
- Accountability: 98
- Sustainability: 91
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 51.2%; rating input score 51
- Program expense ratio: 86.3%; rating input score 86
- Fundraising efficiency: $12.89 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 96.2%; rating input score 96; 30th 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: 55.6%; rating input score 95; 95th percentile among comparable filings
- Total-asset coverage ratio: 8.48; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
- Officer compensation ratio: 1.6%; rating input score 80; 80th percentile among comparable filings
Growth
- Program expense growth: 4% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 4.7% per year; rating input score 100; 41st percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 51.2% of revenue deployed · 86.3% of spending went to programs
- Governance: 25 of 26 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $9.6M in reported program spending
- Leadership: top reported pay $1.5M · 33 people listed · 0 of 6 pay-setting controls reported
- Consistency: 47 of 47 current checks pass
- Schedules: 10 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 42 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.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.