PACE Organization of Rhode Island
Nonprofit profile at a glance
- EIN
- 300297335
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Riverside, RI, US
- Phone
- 401.434.1400
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $54,700,203
- Expenses
- $53,765,572
- Assets
- $19,251,709
- Liabilities
- $15,589,355
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
32 people listed
Executive titles in this filing
- JOAN L KWIATKOWSKI (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- JOAN L KWIATKOWSKI (CHIEF EXECUTIVE OFFICER): $349,086 total reported compensation
- NICHOLAS NIKOLOPOULOS (CHIEF MEDICAL OFFICER): $273,671 total reported compensation
- GEORGE HARDY (PHYSICIAN): $246,696 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
PACE-RI is committed to ensuring everyone ages with the independence they want, support they need, and dignity they deserve.
What it reported doing in 2024
The organization is a program of all inclusive care for the elderly (pace). The pace model provides comprehensive health and social services for its participants. Pace's goal is to maximize the health and functioning levels of program enrollees to enable them to continue living in the community, connected to family and friends. To accomplish this, the program provides a comprehensive range of preventative, primary, acute and long-term care services; uses an integrated interdisciplinary team to manage care; develops appropriate community-based alternatives to providing care in institutional settings and consolidates capitated funding from medicare and medicaid. The organization also provides daytime care for non-pace enrolled adults who are functionally, emotionally and or cognitively impaired.
Operating model
- Revenue model
- Earned-program. 97% 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
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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 76
- Accountability: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.4%; rating input score 88
- Program expense ratio: 90.1%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 1.7%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.36; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 0.81; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 8.4% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 16.3% per year; rating input score 100; 88th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 88.4% of revenue deployed · 90.1% of spending went to programs
- Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $48.5M in reported program spending
- Leadership: top reported pay $349K · 32 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.5M reported
- Consistency: 34 of 34 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.
- High — Sustainability: Officer compensation ratio scored 29/100.