Civic Intelligence

Thundermist Health Center

EIN 05-0355097 • 501(c)3 • Woonsocket, RI

View Organization Page

Profile

To improve the health of our patients and communities by delivering exceptional health care, removing barriers to that care and promoting healthy lifestyles.

25 John A Cummings WayWoonsocket, RI 02895

www.thundermisthealth.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.51x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.24x

Higher debt load relative to revenue than 34% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

13th percentile

-13%

Higher net margin than 13% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$519,005

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

3rd percentile

-20%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

18th percentile

-7.6%

Faster revenue growth than 18% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$52,998,383

Down $12,916,433 (-20%) from 2023

Liabilities

Up

$27,195,392

Up $1,500,085 (+5.8%) from 2023

Net Assets

Down

$25,802,991

Down $14,416,518 (-36%) from 2023

Operations
Liabilities / Revenue34th percentileNet Margin13th percentile

Revenue

Down

$112,167,572

Down $9,280,191 (-7.6%) from 2023

Expenses

Up

$126,584,090

Up $8,134,167 (+6.9%) from 2023

Net Income

Down

-$14,416,518

Down $17,414,358 (-581%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2011: $18,564,180Liabilities 2011: $6,229,841Net Assets 2011: $12,334,3392011Assets 2012: $19,205,017Liabilities 2012: $6,423,551Net Assets 2012: $12,781,4662012Assets 2013: $20,114,766Liabilities 2013: $5,602,819Net Assets 2013: $14,511,9472013Assets 2014: $26,209,433Liabilities 2014: $7,064,071Net Assets 2014: $19,145,3622014Assets 2015: $31,216,252Liabilities 2015: $7,786,642Net Assets 2015: $23,429,6102015Assets 2016: $33,612,969Liabilities 2016: $8,920,897Net Assets 2016: $24,692,0722016Assets 2017: $36,141,770Liabilities 2017: $11,142,318Net Assets 2017: $24,999,4522017Assets 2018: $40,260,583Liabilities 2018: $13,421,117Net Assets 2018: $26,839,4662018Assets 2019: $45,285,339Liabilities 2019: $16,706,329Net Assets 2019: $28,579,0102019Assets 2020: $51,867,089Liabilities 2020: $20,411,322Net Assets 2020: $31,455,7672020Assets 2021: $55,440,960Liabilities 2021: $21,118,600Net Assets 2021: $34,322,3602021Assets 2022: $60,584,911Liabilities 2022: $23,363,242Net Assets 2022: $37,221,6692022Assets 2023: $65,914,816Liabilities 2023: $25,695,307Net Assets 2023: $40,219,5092023Assets 2024: $52,998,383Liabilities 2024: $27,195,392Net Assets 2024: $25,802,9912024

Highlighted filing

2024

Assets$52,998,383
Liabilities$27,195,392
Net Assets$25,802,991
Open 2024 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0-$50MExpenses 2011: $22,202,7192011Expenses 2012: $25,904,2182012Revenue 2013: $30,362,623Expenses 2013: $28,632,142Net Income 2013: $1,730,4812013Revenue 2014: $39,077,340Expenses 2014: $34,443,925Net Income 2014: $4,633,4152014Revenue 2015: $40,178,094Expenses 2015: $35,893,121Net Income 2015: $4,284,9732015Revenue 2016: $40,737,927Expenses 2016: $39,454,778Net Income 2016: $1,283,1492016Revenue 2017: $47,568,030Expenses 2017: $46,246,745Net Income 2017: $1,321,2852017Revenue 2018: $55,212,525Expenses 2018: $54,619,706Net Income 2018: $592,8192018Revenue 2019: $67,484,424Expenses 2019: $66,074,747Net Income 2019: $1,409,6772019Revenue 2020: $80,178,628Expenses 2020: $77,301,871Net Income 2020: $2,876,7572020Revenue 2021: $90,981,582Expenses 2021: $88,114,989Net Income 2021: $2,866,5932021Revenue 2022: $103,038,773Expenses 2022: $100,139,464Net Income 2022: $2,899,3092022Revenue 2023: $121,447,763Expenses 2023: $118,449,923Net Income 2023: $2,997,8402023Revenue 2024: $112,167,572Expenses 2024: $126,584,090Net Income 2024: -$14,416,5182024

Highlighted filing

2024

Revenue$112,167,572
Expenses$126,584,090
Net Income-$14,416,518
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$52,998,383
Liabilities
$27,195,392
Net assets
$25,802,991
Revenue
$112,167,572
Expenses
$126,584,090
Net income
-$14,416,518
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.0$27.2$25.8$112$127$14.4
2023Detailed filing. Detailed filing data is available for this year.$65.9$25.7$40.2$121$118$3.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$60.6$23.4$37.2$103$100$2.90
2021Detailed filing. Detailed filing data is available for this year.$55.4$21.1$34.3$91.0$88.1$2.87
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.9$20.4$31.5$80.2$77.3$2.88
2019Detailed filing. Detailed filing data is available for this year.$45.3$16.7$28.6$67.5$66.1$1.41
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.3$13.4$26.8$55.2$54.6$0.59
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.1$11.1$25.0$47.6$46.2$1.32
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$8.92$24.7$40.7$39.5$1.28
2015Detailed filing. Detailed filing data is available for this year.$31.2$7.79$23.4$40.2$35.9$4.28
2014Detailed filing. Detailed filing data is available for this year.$26.2$7.06$19.1$39.1$34.4$4.63
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.1$5.60$14.5$30.4$28.6$1.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$6.42$12.8$25.9
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$6.23$12.3$22.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jul 11, 2025
Return Version
2023v6.0
Gross Receipts
$112,267,545
Mission and Program Overview

Mission

To improve the health of our patients and communities by delivering exceptional health care, removing barriers to that care and promoting healthy lifestyles.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$39,743,252$41,666,136▲ $1,922,884
Accounts Receivable$5,808,079$8,164,345▲ $2,356,266
Pledges and Grants Receivable$1,336,767$1,027,528▼ $309,239
Savings and Temporary Cash Investments$12,752,968$674,466▼ $12,078,502
Cash and Non-Interest-Bearing Accounts$2,875,363$665,308▼ $2,210,055
Prepaid Expenses and Deferred Charges$655,253$583,906▼ $71,347
Total Assets$65,914,816$52,998,383▼ $12,916,433
Other Assets Total$2,743,134$216,694▼ $2,526,440
Liabilities
Accounts Payable and Accrued Expenses$11,749,985$12,909,602▲ $1,159,617
Mortgage Notes Payable Secured by Investment Property$12,141,521$11,604,972▼ $536,549
Other Liabilities$356,552$1,440,319▲ $1,083,767
Tax Exempt Bond Liabilities$1,447,249$1,240,499▼ $206,750
Total Liabilities$25,695,307$27,195,392▲ $1,500,085
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$39,234,139$24,977,845▼ $14,256,294
Net Assets With Donor Restrictions$985,370$825,146▼ $160,224
Total Net Assets Fund Balance$40,219,509$25,802,991▼ $14,416,518
Total Liabilities and Net Assets / Fund Balance$65,914,816$52,998,383▼ $12,916,433

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$37,019,789$10,325,428$47,345,217
Equipment$1,572,503$5,557,542$7,130,045
Land$2,556,058-$2,556,058
Leasehold Improvements$517,786$350,279$868,065
Compensation and Service Providers
Top Officer Pay52nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jeanne LachanceCEO (until 9/5/24)FT$437,252$81,753$519,005
David M BourassaCMOFT$341,247$69,704$410,951
Eric J ProssedaChief Dental OfficerFT$294,352$114,175$408,527
Arnold GoldbergPhysician-kent Residency FacultyFT$280,399$27,198$307,597
Jennifer BuckleyPhysician-kent Residency FacultyFT$285,491$19,698$305,189
Sapna ChowdhryMedical DirectorFT$272,240$29,363$301,603
Linda BermanPhysicianFT$277,678$23,156$300,834
Paul GeorgeMedical DirectorFT$263,784$25,407$289,191
Chetna ChandrakalaCFO (until 12/29/23)FT$215,410$27,172$242,582

Board Members and Trustees

NameTitle
Erin CooneyChairperson
Victoria St GermainVice Chairperson
Andrea S RollinDirector
Cheryl KingDirector
David ValoisDirector
Donald LarsenDirector
Lawrence TrimDirector
Madrone PhoenixDirector
Mary Ellen CanigliaDirector
Sara Delaporta MdDirector
Timothy Henry PhdDirector
Kristina Contreras FoxDirector ( Until 2/24)
Randall RiceDirector (until 1/24)
Linda CannistraSecretary
M Douglas FayTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Verisma Systems INCHealth Information Management1750 FOUNDERS PARKWAY, Alpharetta, GA 30009$455,729
Morneau And MurphyClosing For Sc Pediatrics38 NORTH COURT STREET, Providence, RI 02903$372,162
Pacific Interpreters INCInterpretation ServicesPO BOX 204313, Dallas, TX 75320$209,613
Harvard Partners LLPIt Consulting ServicesSUITE 500 75 ARLINGTON STREET, Boston, MA 02116$186,375
Enforce LLCHr Implementation ServicesPO BOX 475635, San Francisco, CA 94147$146,000
Revenue and Support

Revenue Composition

Contributions and Grants
$11,970,203
Program Service Revenue
$99,646,742
Investment Income
$210,063
Other Revenue
$340,564
All Other Contributions
$1,584,191
Change in Net Assets
$-14,416,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$85,914,792
Other Expenses$40,669,298
Total Fundraising Expense$258,660
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$57,084,048$10,715,902$173,322$67,973,272
Other Employee Benefits$6,839,547$2,442,342$15,833$9,297,722
Payroll Taxes$3,777,190$1,364,876$8,729$5,150,795
Fees for Services Other$2,872,732$1,908,801$7,789$4,789,322
Occupancy$2,304,062$1,781,351-$4,085,413
Information Technology$2,403,134$122,639$3,842$2,529,615
Pension Plan Contributions$1,610,679$506,684$3,726$2,121,089
Depreciation Depletion$1,433,870$564,628-$1,998,498
Current Officers, Directors, Trustees, and Key Employees$307,293$1,064,621-$1,371,914
Office Expenses$796,389$224,299$3,821$1,024,509
Other Expenses$321,014$208,918$199$530,131
All Other Expenses$460,877$17,028$31,572$509,477
Travel$243,304$145,827$6,740$395,871
Insurance$9,564$363,756-$373,320
Fees for Services Accounting-$111,901-$111,901
Advertising$3,370$104,243$315$107,928
Fees for Services Legal-$105,266-$105,266
Fees for Services Lobbying-$30,000-$30,000
Total Functional Expenses$104,262,030$22,063,400$258,660$126,584,090
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$54,406
Fundraising Gross Income$29,280
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Golf Tournament 2024$89,650$29,280$13,139$16,141
Total Events$89,650$29,280$54,406$-25,126
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Jeanne Ziter MdWife of Key Employee David Bourassa, Md.Jeanne Ziter, Md. Is Employed by Thundermist as a Pediatrician.No$141,794
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$1,260,000
Operating Lease Liabilities$180,319

Bond Issues

BondIssuerIssuedIssue PricePurpose
ARhode Island Educational and Building Association2010-08-02$4,135,000To refinance existing tax-exempt bond for a lower interest rate

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$4,135,000-$2,894,501-

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A complete copy of the form 990 is presented to the members of the governing body for approval before being filed.”

Form 990, Part VI, Section B, Line 12C

“On an annual basis the organization requires all board members, chief executive officer, chief financial officer and senior vice presidents to disclose any interests that could give rise to conflict. This information is required to be completed and returned to the administrative services coordinator for filing.”

Form 990, Part VI, Section B, Line 15

“The organization uses the annual survey completed by the national association of community health centers to determine the compensation of the ceo, executive director, key employees and top management officials.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

Filing and Contact Details

Filer

Filer Name
Thundermist Health Center
EIN
05-0355097
Phone
4017674163
Address
25 JOHN A CUMMINGS WAY, WOONSOCKET, RI 02895

Signing Officer

Name
Addy Kane
Title
CFO
Phone
4017674163
Signed
2025-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Addy Kane
Formed
1969
Legal Domicile
Ri
Voting Board Members
13
Independent Board Members
13
Employees
1,090
Volunteers
20

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Courtney Mcfarland CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The organization has a finance committee that assumes responsibility for the selection of the independent auditors, oversight of the annual financial statement audit, and approval of the financial statements. Once approved, the financial statements are presented to the board of directors for final approval. This policy has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The agency accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidated financial statements regarding a tax position taken or expected to be taken in a tax return. The agency has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidated financial statements at august 31, 2024. The agency's information returns are subject to examination by the federal and state jurisdiction.”

Raw XML AppendixShowing 400 of 944 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITIES BY DELIVERING EXCEPTIONAL HEALTH CARE, REMOVING BARRIERS TO THAT CARE AND PROMOTING HEALTHY LIFESTYLES.
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4ENFORCE LLC
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IRS990/Desc0TO IMPROVE THE HEALTH OF OUR PATIENTS AND COMMUNITIES BY DELIVERING EXCEPTIONAL HEALTH CARE, REMOVING BARRIERS TO THAT CARE AND PROMOTING HEALTHY LIFESTYLES. DURING THE FISCAL YEAR, WE SERVED 63,043 PATIENTS WITH 326,422 MEDICAL AND DENTAL VISITS.
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