Riverbend Medical Group Inc

Nonprofit profile at a glance

EIN
811807730
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Hartford, CT, USA
Phone
8607144000
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Ambulatory Health Center, Community Clinic

Official website

Reported finances

Revenue
$89,160,378
Expenses
$110,769,055
Assets
$6,787,074
Liabilities
$55,936,136

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

Leadership & pay

11 people listed

Executive titles in this filing

  • DEBORAH BITSOLI (DIRECTOR; THOFNE MG PRESIDENT)
  • ROBERT ROOSE MD (DIRECTOR; MERCY HOSPITAL PRESIDENT)

Highest reported compensation

  • ROY BRYAN MD (RADIOLOGIST): $1,230,651 total reported compensation
  • CHRISTOPHER WOLF MD (PODIATRIST): $1,143,079 total reported compensation
  • BERNITA SPAGNOLI MD (RADIOLOGIST): $1,031,037 total reported compensation

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

Overview

Mission

We, trinity health of new england and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. Riverbend medical group is a member of trinity health of new england and trinity health.

What it reported doing in 2024

Riverbend medical group is a multispecialty group of primary care physicians and specialists providing direct patient care throughout the pioneer valley. Riverbend medical group also offers urgent care services for pediatrics and internal medicine, which makes physician services available to the public during hours when riverbend medical group's other offices are not open. Riverbend medical group provides essential physician services to the mercy hospital, an affiliated section 501(c)(3) hospital, as part of an integrated delivery system that includes the mercy hospital and trinity health of new england. Riverbend medical group participates in medicare and medicaid plans and operates under a charity care policy that makes physician services available to individuals who do not have insurance or medicaid coverage and are unable to pay for medical services. Riverbend medical group provides numerous additional services to the community, including participating in the education of health care professionals and participating in community wellness and health fairs and public screening events. Please visit our website for additional information: www.trinityhealthofne.org/medicalgroup

Operating model

Revenue model
Earned-program. 95% 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. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 74
  • Accountability: 28
  • Sustainability: 4
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -24.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.06; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 8.24; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: -3.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87% of spending went to programs
  • Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $96.3M in reported program spending
  • Leadership: top reported pay $1.2M · 11 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.6M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 308 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.