Wood River Health Services Inc
Nonprofit profile at a glance
- EIN
- 050378071
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Hope Valley, RI, USA
- Phone
- 4015392461
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Treatment Facilities, Primarily Outpatient
Reported finances
- Revenue
- $15,043,561
- Expenses
- $15,470,900
- Assets
- $11,970,400
- Liabilities
- $4,642,813
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- ALISON CROKE (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- DR JONATHAN GATES (CHIEF MEDICAL OFFICER): $287,264 total reported compensation
- CHRISTOPHER CAMAGNARI (DOCTOR): $280,503 total reported compensation
- LISA MANLOVE (DOCTOR): $271,873 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 improve the health and well-being of our community by providing high quality, coordinated health and support services, accessible to all.
What it reported doing in 2024
Wood river health services is a private, non-profit, federally qualified health center providing top quality care to southern Rhode Island and southeastern Connecticut residents. The health center serves the entire community, those with insurance and those without, and has instituted self-pay models, sliding scale payments and a community fund to help those who could not afford care. Wood river health services is a full-service medical and dental & behavioral facility providing primary care for families and individuals as well as social services, mental and behavioral health counseling. A wide range of lab work, including x-ray, and phlebotomy is provided on-site by yale new haven health westerly hospital. A chronic care program provides specialized, focused, long-term care and education for patients with diabetes and cardio-vascular disease, a women's health program provides a focus on gynecological exams, family planning and pre-natal care, and cancer screenings, and a nutritional health program provides counseling and management of illness-related dietary needs and oversees the local wic (women, infants and children) program.
Operating model
- Revenue model
- Earned-program. 75% 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - 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: 71
- Transparency & Controls: 79
- Accountability: 100
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.3%; rating input score 81
- Program expense ratio: 78.9%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th 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: -2.8%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.77; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.39; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 13.4%; rating input score 11; 11th percentile among comparable filings
Growth
- Program expense growth: 11.2% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 12.4% per year; rating input score 100; 74th percentile among comparable filings
Details
- Where the money goes: 81.3% of revenue deployed · 78.9% of spending went to programs
- Governance: 14 of 14 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $12.2M in reported program spending
- Leadership: top reported pay $287K · 23 people listed · 3 of 6 pay-setting controls reported
- Consistency: 38 of 38 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- 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 — Sustainability: Operating margin scored 21/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- High — Sustainability: Officer compensation ratio scored 11/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.