Women & Infants Hospital
Legal name: Women & Infants Hospital of Ri
Nonprofit profile at a glance
- EIN
- 050258937
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Providence, RI, United States
- Phone
- (401) 274-1100
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, Specialty
Reported finances
- Revenue
- $620,363,659
- Expenses
- $584,690,003
- Assets
- $552,956,601
- Liabilities
- $156,205,042
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)
- SHANNON SULLIVAN (PRESIDENT & COO)
- ELIZABETH ROCHIN PHD RN (PRESIDENT NPIC)
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
At Women & Infants Hospital, we strive to empower women of all ages, races, ethnicities, and beliefs through exceptional healthcare throughout every stage of life, providing nationally leading services in women’s wellness, mental health, and starting a family. We are proud of our reputation as southeastern New England's regional center for the care of women and infants, and we will continue to build on those services that improve the health of our region's women, provide for safe, family-centered childbirth, and assure infants the opportunity for normal growth and development. In all of these, we are committed to ever-increasing excellence. View The Community Health Needs Assessment Report Our Mission.
What it reported doing in 2024
The hospital is the regional center for women and infants healthcare in Rhode Island and environs, providing care in the areas of obstetrics, neonatal intensive care, reproductive endocrinology, maternal fetal medicine and gynecology. Please refer to schedule o for the organization's community benefit statement.
Operating model
- Revenue model
- Earned-program. 98% 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: 77
- Transparency & Controls: 61
- Accountability: 86
- Sustainability: 55
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.7%; rating input score 85
- 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: 5.8%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 58; 58th percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 15th percentile among comparable filings
- Revenue growth: 2.2% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 84.7% 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 · $526.2M in reported program spending
- Leadership: top reported pay $2.2M · 32 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $70.4M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 9 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: 12 filed money-flow records
- Related organizations: 29 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.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
- Review — Sustainability: Liabilities to assets ratio scored 58/100.