Civic Intelligence

Healthcentric Advisors Inc

EIN 05-0487616 • 501(c)3 • Providence, RI

Profile

Healthcentric advisors develops and provides innovative and evidence-based consultation, education, tools and resources that measure and improve the quality, safety, and value of person-centered healthcare in communities we serve.

235 Promenade Street 500Providence, RI 02908

www.healthcentricadvisors.org

Siviq Scores

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

Liabilities / Assets

68th percentile

0.30x

Higher debt load relative to assets than 68% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.24x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

54th percentile

6.0%

Higher net margin than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$391,842

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 5.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

54th percentile

5.5%

Faster asset growth than 54% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

33rd percentile

-1.2%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$5,574,508

Up $291,655 (+5.5%) from 2023

Liabilities

Down

$1,672,640

Down $123,643 (-6.9%) from 2023

Net Assets

Up

$3,901,868

Up $415,298 (+12%) from 2023

Revenue

Down

$6,928,580

Down $81,607 (-1.2%) from 2023

Expenses

Up

$6,513,282

Up $511,979 (+8.5%) from 2023

Net Income

Down

$415,298

Down $593,586 (-59%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $1,845,301Liabilities 2010: $761,877Net Assets 2010: $1,083,4242010Assets 2011: $2,119,335Liabilities 2011: $940,919Net Assets 2011: $1,178,4162011Assets 2012: $1,915,984Liabilities 2012: $648,639Net Assets 2012: $1,267,3452012Assets 2013: $1,820,811Liabilities 2013: $536,681Net Assets 2013: $1,284,1302013Assets 2014: $2,619,556Liabilities 2014: $1,243,456Net Assets 2014: $1,376,1002014Assets 2015: $2,856,644Liabilities 2015: $1,413,859Net Assets 2015: $1,442,7852015Assets 2016: $3,657,678Liabilities 2016: $2,009,417Net Assets 2016: $1,648,2612016Assets 2017: $4,355,775Liabilities 2017: $2,446,666Net Assets 2017: $1,909,1092017Assets 2018: $4,603,464Liabilities 2018: $2,235,288Net Assets 2018: $2,368,1762018Assets 2019: $4,994,143Liabilities 2019: $1,938,522Net Assets 2019: $3,055,6212019Assets 2020: $4,248,387Liabilities 2020: $1,920,274Net Assets 2020: $2,328,1132020Assets 2021: $3,331,471Liabilities 2021: $1,104,300Net Assets 2021: $2,227,1712021Assets 2022: $3,654,793Liabilities 2022: $1,177,107Net Assets 2022: $2,477,6862022Assets 2023: $5,282,853Liabilities 2023: $1,796,283Net Assets 2023: $3,486,5702023Assets 2024: $5,574,508Liabilities 2024: $1,672,640Net Assets 2024: $3,901,8682024

Highlighted filing

2024

Assets$5,574,508
Liabilities$1,672,640
Net Assets$3,901,868

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $5,854,3762010Revenue 2011: $5,949,043Expenses 2011: $5,854,051Net Income 2011: $94,9922011Expenses 2012: $4,434,7932012Revenue 2013: $3,939,410Expenses 2013: $3,922,625Net Income 2013: $16,7852013Revenue 2014: $5,227,588Expenses 2014: $5,135,618Net Income 2014: $91,9702014Revenue 2015: $8,287,550Expenses 2015: $8,220,865Net Income 2015: $66,6852015Revenue 2016: $12,369,122Expenses 2016: $12,163,646Net Income 2016: $205,4762016Revenue 2017: $13,608,194Expenses 2017: $13,347,346Net Income 2017: $260,8482017Revenue 2018: $14,981,445Expenses 2018: $14,522,378Net Income 2018: $459,0672018Revenue 2019: $16,222,405Expenses 2019: $15,534,960Net Income 2019: $687,4452019Revenue 2020: $6,211,896Expenses 2020: $6,939,404Net Income 2020: -$727,5082020Revenue 2021: $5,412,718Expenses 2021: $5,513,660Net Income 2021: -$100,9422021Revenue 2022: $4,794,668Expenses 2022: $4,544,153Net Income 2022: $250,5152022Revenue 2023: $7,010,187Expenses 2023: $6,001,303Net Income 2023: $1,008,8842023Revenue 2024: $6,928,580Expenses 2024: $6,513,282Net Income 2024: $415,2982024

Highlighted filing

2024

Revenue$6,928,580
Expenses$6,513,282
Net Income$415,298

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.57$1.67$3.90$6.93$6.51$0.42
2023Detailed filing. Detailed filing data is available for this year.$5.28$1.80$3.49$7.01$6.00$1.01
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.65$1.18$2.48$4.79$4.54$0.25
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.33$1.10$2.23$5.41$5.51$0.10
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.25$1.92$2.33$6.21$6.94$0.73
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.99$1.94$3.06$16.2$15.5$0.69
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.60$2.24$2.37$15.0$14.5$0.46
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.36$2.45$1.91$13.6$13.3$0.26
2016Detailed filing. Detailed filing data is available for this year.$3.66$2.01$1.65$12.4$12.2$0.21
2015Summary only. Only limited summary data is available for this year.$2.86$1.41$1.44$8.29$8.22$0.07
2014Detailed filing. Detailed filing data is available for this year.$2.62$1.24$1.38$5.23$5.14$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.82$0.54$1.28$3.94$3.92$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$0.65$1.27$4.43
2011Summary only. Only limited summary data is available for this year.$2.12$0.94$1.18$5.95$5.85$0.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.76$1.08$5.85
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2023 to Jul 31, 2024
Signed
Mar 3, 2025
Return Version
2023v6.0
Gross Receipts
$6,928,580
Mission and Program Overview

Mission

Healthcentric advisors develops and provides innovative and evidence-based consultation, education, tools and resources that measure and improve the quality, safety, and value of person-centered healthcare in communities we serve.

To develop and provide consultation, education, and resources that measure and improve the quality, safety and value of healthcare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,791,246$3,828,009▲ $36,763
Accounts Receivable$933,125$1,441,005▲ $507,880
Land, Buildings, and Equipment, Net$99,162$66,261▼ $32,901
Prepaid Expenses and Deferred Charges$53,973$53,688▼ $285
Cash and Non-Interest-Bearing Accounts$130,000$44,882▼ $85,118
Total Assets$5,282,853$5,574,508▲ $291,655
Other Assets Total$275,347$140,663▼ $134,684
Liabilities
Accounts Payable and Accrued Expenses$844,569$796,878▼ $47,691
Deferred Revenue$676,367$735,099▲ $58,732
Other Liabilities$275,347$140,663▼ $134,684
Total Liabilities$1,796,283$1,672,640▼ $123,643
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,486,570$3,901,868▲ $415,298
Total Net Assets Fund Balance$3,486,570$3,901,868▲ $415,298
Total Liabilities and Net Assets / Fund Balance$5,282,853$5,574,508▲ $291,655

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$15,177$178,676$193,853
Other Land Buildings$51,084$102,198$153,282
Leasehold Improvements$0$97,260$97,260
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
H John Keimig Mha FacheCEOFT$317,837$74,005$391,842
Gail Patry Rn CpehrChief Operations OfficerFT$214,941$58,906$273,847
Susan AmelotteChief Financial OfficerFT$205,788$56,345$262,133
Kara H ButlerDirector of AdministrativeFT$163,492$55,339$218,831
Marguerite MclaughlinProgram DirectorFT$132,730$35,175$167,905
Lynne ChaseProgram DirectorFT$142,029$19,136$161,165
Blake MorphisProgram DirectorFT$119,827$33,273$153,100
KAREN D'ANTONIOProgram DirectorFT$112,023$14,941$126,964

Board Members and Trustees

NameTitle
Matthew R Trimble CnhaChair - Beg. 6/1/24
Stephen J Kogut Phd Mba RphChair - Term Exp. 5/31/24
Donna Huntley-newby Phd RnVice Chair
Allison Ventura-tesilloDirector
Neal J Galinko MdDirector
Paul F Mckenney MdDirector
Paula a Parker Msw LcswDirector
The Honorable Thomas J IzzoDirector
G Alan Kurose Md MbaDirector - Term Exp. 5/31/24
Gus Manocchia MdDirector - Term Exp. 5/31/24
Hugh J HallSecretary
Claire M Iacobucci CPATreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Randstad Technologies LLCTemporary Staffing3625 CUMBERLAND BLVD, Atlanta, GA 30339$110,586
Revenue and Support

Revenue Composition

Contributions and Grants
$5,579,974
Program Service Revenue
$1,206,844
Investment Income
$141,762
Other Revenue
$0
Change in Net Assets
$415,298

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,928,580
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,928,580
Total Revenue per Form 990
$6,928,580
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,979,856
Other Expenses$1,533,426
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,128,727$35,184-$3,163,911
Current Officers, Directors, Trustees, and Key Employees-$927,822-$927,822
Other Employee Benefits$869,317$18,806-$888,123
Fees for Services Other$407,184$84,546-$491,730
Office Expenses$259,933$167,612-$427,545
Occupancy-$327,912-$327,912
Other Expenses$76,849$52,564-$129,413
Travel$52,062$4,985-$57,047
Conferences and Meetings$53,302$2,496-$55,798
Depreciation Depletion-$43,981-$43,981
Total Functional Expenses$4,847,374$1,665,908$0$6,513,282

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,513,282
Total Expenses per Audited Statements$6,513,282
Total Expenses per Form 990$6,513,282
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Current Lease Liability - Operating$140,663
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
No
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The form 990 is reviewed in detail by the board of directors' finance committee with a representative from the accounting firm that prepared the return. Once reviewed and approved by the finance committee, the form 990 is then reviewed in detail by the full board of directors.

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

The conflict of interest policy is reviewed on an annual basis with all contractors, subcontractors, employees and board members. These individuals are required to report any potential conflicts of interest to the board of directors. Any potential conflicts of interest are reviewed by the board of directors and appropriate action is taken. All decisions made are recorded in the minutes to the meeting.

Form 990, Part VI, Section B, Line 15

The executive committee of the board of directors approves the compensation of the chief executive officer and other key employees. Included in the process are comparisons to similar organizations, a compensation survey, and written employment contracts.

Form 990, Part VI, Section C, Line 18

The organization makes its form 990 available for public inspection upon request.

Form 990, Part VI, Section C, Line 19

The board of directors listing, officer appointments and terms are posted on the healthcentric advisors' website. The financial statements are available upon request. The conflict of interest policy is shared on an as-needed basis. All contractors, subcontractors, employees and board members receive the conflict of interest policy.

Filing and Contact Details

Filer

Filer Name
Healthcentric Advisors Inc
EIN
05-0487616
Phone
4015283200
Address
235 PROMENADE STREET 500, PROVIDENCE, RI 02908

Signing Officer

Name
Susan Amelotte
Title
Chief Financial Officer
Phone
4015283200
Signed
2025-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Keimig
Formed
2003
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
9
Employees
46
Volunteers
12

Preparer

Firm
Cliftonlarsonallen
Address
100 FRONT STREET 7TH FLOOR, WORCESTER, MA 01608
Preparer
LYNN O'MARRA
Phone
5087136900
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's oversight and selection processes have not changed during the fiscal year.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the agency and recognize a tax liability if the agency has taken an uncertain position that more likely than not would not be sustained upon examination by the internal revenue service. The agency is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The agency recognizes interest and penalties, if applicable, as a component of general and administrative expenses.

Raw XML AppendixShowing 400 of 621 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.

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IRS990/ActivityOrMissionDesc0TO DEVELOP AND PROVIDE CONSULTATION, EDUCATION, AND RESOURCES THAT MEASURE AND IMPROVE THE QUALITY, SAFETY AND VALUE OF HEALTHCARE.
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IRS990/Form990PartVIISectionAGrp/PersonNm0H JOHN KEIMIG MHA FACHE
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IRS990/Form990PartVIISectionAGrp/PersonNm4CLAIRE M IACOBUCCI CPA
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IRS990/Form990PartVIISectionAGrp/PersonNm16LYNNE CHASE
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR - TERM EXP. 5/31/24
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt14CHIEF OPERATIONS OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF ADMINISTRATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt16PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18PROGRAM DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19PROGRAM DIRECTOR
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IRS990/MissionDesc0HEALTHCENTRIC ADVISORS DEVELOPS AND PROVIDES INNOVATIVE AND EVIDENCE-BASED CONSULTATION, EDUCATION, TOOLS AND RESOURCES THAT MEASURE AND IMPROVE THE QUALITY, SAFETY, AND VALUE OF PERSON-CENTERED HEALTHCARE IN COMMUNITIES WE SERVE.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE AGENCY AND RECOGNIZE A TAX LIABILITY IF THE AGENCY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. THE AGENCY IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. THE AGENCY RECOGNIZES INTEREST AND PENALTIES, IF APPLICABLE, AS A COMPONENT OF GENERAL AND ADMINISTRATIVE EXPENSES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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