Rhode Island Quality Institute
- Assets
- $6.3m
- Revenue
- $10.9m
- Investments
- $0.0
- Employees
- 41
- Location
- Providence, RI
- Founding
- 01/2004
- Data as of
- 12/2021
- EIN
- 75-3059336
Organization Overview
Rhode Island Quality Institute is located in Providence, RI. The organization was established in 2004. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. As of 12/2021, Rhode Island Quality Institute employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rhode Island Quality Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Rhode Island Quality Institute generated $10.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $8.9m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE HEALTH AND HEALTH CARE BY PROVIDING TRUSTED DATA AND INFORMATION TO ENABLE THE BEST HEALTH CARE IN RHODE ISLAND THROUGH CONNECTING DATA
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKING TO LEVERAGE RI'S UNIQUE CHARACTERISTICS TO DEMONSTRATE HOW THE HEALTHCARE SYSTEM CAN BE IMPROVED THROUGH COLLABORATIVE INNOVATION, TO FOSTER CONNECTIVITY AND AMONG THE HEALTHCARE TEAM AND THE PATIENT, TO INCREASE ACCURACY, RESPONSIVENESS AND EFFECTIVENESS IN HEALTHCARE BY USING TECHNOLOGY TO STANDARIZE, STREAMLINE, AND SPEED UP THE RETRIEVAL AND DELIVERY OF PATIENT DATA STATEWIDE, TO HELP THE HEALTHCARE TEAM CONSISTENTLY DELIVER CARE THAT IS BASED ON BEST-KNOWN PRACTICES, TO CREATE A SYSTEM THAT INSPIRES AND REWARDS IMPROVED PROFESSIONAL PERFORMANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Indra Neil Sarkar PHD President & CEO | OfficerTrustee | 40 | $335,125 |
Charles Dansereau Director Information Techn | 40 | $159,827 | |
Michelle Dexter Senior Director Hr & Organ | 40 | $136,591 | |
Darlene Morris Senior Director Developmen | 40 | $135,590 | |
Holly Stark Senior Director Finance & Operations | 40 | $134,276 | |
Scott Young Senior Director Product Strategy & Growth | 40 | $130,277 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tierpoint It And Data Center Services | 12/30/21 | $1,158,436 |
Intersystems Corp Application Services | 12/30/21 | $727,243 |
J2 Interactive It Consulting | 12/30/21 | $602,595 |
Compass It Compliance Compliance Services | 12/30/21 | $111,947 |
Quadramed Affinity Corp Application Services | 12/30/21 | $182,730 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,663,655 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,663,655 |
| Total Program Service Revenue | $9,191,066 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,854,721 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,200,997 |
| Pension plan accruals and contributions | $111,402 |
| Other employee benefits | $594,183 |
| Payroll taxes | $265,693 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $78,332 |
| Fees for services: Accounting | $44,640 |
| Fees for services: Lobbying | $25,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $303,642 |
| Advertising and promotion | $0 |
| Office expenses | $74,283 |
| Information technology | $3,575,419 |
| Royalties | $0 |
| Occupancy | $330,291 |
| Travel | $14,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,712 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,221 |
| Insurance | $38,600 |
| All other expenses | $0 |
| Total functional expenses | $8,945,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,607,997 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $110,370 |
| Accounts receivable, net | $980,540 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $470,295 |
| Net Land, buildings, and equipment | $83,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,665 |
| Total assets | $6,291,309 |
| Accounts payable and accrued expenses | $461,525 |
| Grants payable | $0 |
| Deferred revenue | $636,677 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,098,202 |
| Net assets without donor restrictions | $5,193,107 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,291,309 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rhode Island Quality Institute has recieved totaling $469,843.
| Awarding Organization | Amount |
|---|---|
Brown University Of Providence Providence, RI PURPOSE: Subcontract Grant Award | $420,373 |
West Virginia University Research Corporation Morgantown, WV PURPOSE: RESEARCH | $49,470 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rhode Island Quality Institute Providence, RI | $6,291,309 | $10,854,721 |
Avenir Health Inc Glastonbury, CT | $9,602,786 | $8,298,230 |
Carelink Inc Providence, RI | $4,580,231 | $8,233,978 |
Seabury At Home Incorporated Bloomfield, CT | $15,572,779 | $3,586,787 |
Global Lyme Alliance Inc Stamford, CT | $4,008,676 | $2,629,195 |
Waveny At Home Inc New Canaan, CT | $346,136 | $2,690,632 |
Radical Hope Inc Concord, MA | $3,514,835 | $2,245,709 |
Hartford Healthcare Accountable Care Organization Inc Wethersfield, CT | $0 | $0 |
Pernet Family Health Service Inc Worcester, MA | $1,375,447 | $2,346,894 |
Perspectives Center For Care Inc Cheshire, CT | $79,929 | $1,361,340 |
Project Access Of New Haven Inc New Haven, CT | $636,374 | $1,207,614 |
Us Pain Foundation Inc West Hartford, CT | $614,389 | $827,392 |