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Nonprofiteer
← DELTA DENTAL OF RHODE ISLAND

Form 990 for tax year 2022

Filed by DELTA DENTAL OF RHODE ISLAND.

Totals

Total revenue
$66,195,007
Total expenses
$60,001,581
Contributions and grants received
$0
Grants paid
$417,572
Program service revenue
$60,116,299
Investment income
$6,013,606
Other revenue
$65,102
Total assets, end of year
$125,388,328
Total liabilities, end of year
$15,352,882
Net assets or fund balances, end of year
$110,035,446
Program services expenses (Part IX)
$49,791,494
Management and general expenses
$10,210,087
Fundraising expenses
$0
Program service expenses (Part III)
$49,791,494

Program services were 83.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RISK PREMIUMS

    total $60,116,299 · related or exempt $60,116,299

  • 3 · Investment income

    total $6,231,884 · excluded $6,231,884

  • 7a · Gross sales of assets other than inventory

    securities $1,823

  • 7b · Less cost or other basis and sales expenses

    securities $220,101

  • 7c · Gain or loss

    securities -$218,278

  • 7d · Net gain or loss

    total -$218,278 · excluded -$218,278

  • 11a · Other revenue: INCOME FROM SUBSIDIARIES

    total $56,211 · unrelated business $20,246 · excluded $35,965

  • 11b · Other revenue: OTHER INCOME

    total $8,891 · excluded $8,891

  • 11e · Other revenue, total

    $65,102

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $417,572 · program services $417,572

  • 4 · Benefits paid to or for members

    total $40,904,954 · program services $40,904,954

  • 5 · Compensation of officers, directors and key employees

    total $3,104,459 · program services $811,226 · management and general $2,293,233

  • 7 · Other salaries and wages

    total $6,570,438 · program services $4,609,502 · management and general $1,960,936

  • 8 · Pension plan contributions

    total $537,780 · program services $247,080 · management and general $290,700

  • 9 · Other employee benefits

    total $320,879 · program services $43,907 · management and general $276,972

  • 10 · Payroll taxes

    total $670,547 · program services $314,445 · management and general $356,102

  • 11b · Fees: legal

    total $101,098 · management and general $101,098

  • 11c · Fees: accounting

    total $447,509 · management and general $447,509

  • 11d · Fees: lobbying

    total $66,150 · program services $66,150

  • 11f · Fees: investment management

    total $437,314 · management and general $437,314

  • 11g · Fees: other

    total $866,196 · program services -$321,810 · management and general $1,188,006

  • 12 · Advertising and promotion

    total $545,947 · management and general $545,947

  • 13 · Office expenses

    total $575,117 · program services $418,878 · management and general $156,239

  • 16 · Occupancy

    total $975,555 · program services $598,783 · management and general $376,772

  • 17 · Travel

    total $107,671 · program services $6,195 · management and general $101,476

  • 19 · Conferences, conventions and meetings

    total $1,375 · management and general $1,375

  • 22 · Depreciation, depletion and amortization

    total $444,751 · management and general $444,751

  • 23 · Insurance

    total $403,861 · management and general $403,861

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $1,658,506 · program services $1,658,506

  • 24b · Other expenses: BOARD & ASSOCIATION FEE

    total $476,709 · program services $4,670 · management and general $472,039

  • 24c · Other expenses: LICENSE & FEES

    total $40,475 · program services $970 · management and general $39,505

  • 24e · All other expenses

    total $326,718 · program services $10,466 · management and general $316,252

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249 · end of year $249

  • 2 · Savings and temporary cash investments

    beginning of year $8,958,224 · end of year $2,862,532

  • 4 · Accounts receivable

    beginning of year -$420,769 · end of year $4,656,217

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,862,429 · end of year $5,281,921

  • 10a · Land, buildings and equipment: cost or other basis

    $15,228,318

  • 10b · Land, buildings and equipment: accumulated depreciation

    $13,574,516

  • 10c · Land, buildings and equipment, net

    beginning of year $783,595 · end of year $1,653,802

  • 11 · Investments: publicly traded securities

    beginning of year $82,746,544 · end of year $83,578,465

  • 12 · Investments: other securities

    beginning of year $35,137,723 · end of year $26,952,259

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $444,433 · end of year $402,883

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,733,694 · end of year $11,582,763

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $4,475,169 · end of year $3,770,119

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $117,303,565 · end of year $110,035,446

Mission and programs · 2022

Mission

OUR MISSION IS TO DELIVER IMPECCABLE SERVICE, QUALITY AND INNOVATION THAT EXCEEDS EXPECTATIONS. AS EXPERTS IN ORAL HEALTH CARE, WE ARE COMMITTED TO ACCESSIBLE, AFFORDABLE CARE THAT DRIVES IMPROVED HEALTH OUTCOMES.

Activities or mission (Part I)

TO PROVIDE COST EFFECTIVE GROUP DENTAL INSURANCE TO THE RHODE ISLAND BUSINESS COMMUNITIES.

  • DENTAL BENEFITS FOR 403,887 MEMBERS UNDER 201,088 CONTRACTS. THE COMPANY OFFERS A BROAD RANGE OF PREPAID DENTAL CARE COVERAGE OPTIONS AND ADMINISTRATIVE SERVICES TO ORGANIZATIONS PROVIDING SUCH BENEFITS TO THEIR EMPLOYEES ON A CONTRIBUTORY OR A NONCONTRIBUTORY BASIS.

    Expenses $41,322,526 · Revenue $60,116,299

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $8,468,968 · Grants $417,572

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • John T Ruggieri

    CHAIR

    Total calculated
    $20,250
    From this org
    $20,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • James V Rosati

    VICE CHAIR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Julie G Duffy

    DIRECTOR (THRU 04/22)

    Total calculated
    $8,100
    From this org
    $8,100
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Dr Thomas Enright

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Francis J Flynn

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Jonathan W Hall

    DIRECTOR

    Total calculated
    $12,600
    From this org
    $12,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Pete Hayes

    DIRECTOR

    Total calculated
    $10,500
    From this org
    $10,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Junior Jabbie

    DIRECTOR

    Total calculated
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Colin P Kane

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Marc A Paulhus

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Heather A Provino

    DIRECTOR

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Edwin J Santos

    DIRECTOR

    Total calculated
    $12,600
    From this org
    $12,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Mark Shaw

    DIRECTOR

    Total calculated
    $9,600
    From this org
    $9,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Steven Issa

    DIRECTOR

    Total calculated
    $11,400
    From this org
    $11,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Elizabeth Catucci

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Christine Gadbois

    DIRECTOR (AS OF 04/22)

    Total calculated
    $4,200
    From this org
    $4,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Joseph R Perroni

    PRESIDENT & CEO

    Total calculated
    $844,409
    From this org
    $750,209
    From related orgs
    $0
    Other
    $94,200
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $531,868
    Bonus
    $200,910
    Other
    $17,431
    Deferred
    $72,376
    Nontaxable benefits
    $21,824
    Filer's total
    $844,409

  • Melissa Gennari

    AVP & DIRECTOR COMPLIANCE

    Total calculated
    $188,295
    From this org
    $170,418
    From related orgs
    $0
    Other
    $17,877
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $151,154
    Bonus
    $17,955
    Other
    $1,309
    Deferred
    $17,877
    Nontaxable benefits
    $0
    Filer's total
    $188,295

  • William Landry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Richard A Fritz

    SR VP FINANCE & CFO

    Total calculated
    $559,716
    From this org
    $481,670
    From related orgs
    $0
    Other
    $78,046
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $380,166
    Bonus
    $90,317
    Other
    $11,187
    Deferred
    $56,064
    Nontaxable benefits
    $21,982
    Filer's total
    $559,716

  • George J Bedard

    CONTROLLER

    Total calculated
    $210,205
    From this org
    $168,998
    From related orgs
    $0
    Other
    $41,207
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $150,131
    Bonus
    $14,780
    Other
    $4,087
    Deferred
    $18,817
    Nontaxable benefits
    $22,390
    Filer's total
    $210,205

  • Thomas D Chase

    COO

    Total calculated
    $566,802
    From this org
    $490,749
    From related orgs
    $0
    Other
    $76,053
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $391,471
    Bonus
    $93,358
    Other
    $5,920
    Deferred
    $54,252
    Nontaxable benefits
    $21,801
    Filer's total
    $566,802

  • Wendy Duncan

    VP MARKETING & EXTERNAL AFFAIRS

    Total calculated
    $434,581
    From this org
    $388,791
    From related orgs
    $0
    Other
    $45,790
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $312,841
    Bonus
    $72,974
    Other
    $2,976
    Deferred
    $44,962
    Nontaxable benefits
    $828
    Filer's total
    $434,581

  • James T Kinney

    VP OF SALES

    Total calculated
    $393,426
    From this org
    $328,444
    From related orgs
    $0
    Other
    $64,982
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $254,287
    Bonus
    $67,818
    Other
    $6,339
    Deferred
    $37,210
    Nontaxable benefits
    $27,772
    Filer's total
    $393,426

  • Kelly Geragotelis

    SR. DIRECTOR ACCUARIAL

    Total calculated
    $200,712
    From this org
    $157,501
    From related orgs
    $0
    Other
    $43,211
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $136,892
    Bonus
    $18,484
    Other
    $2,125
    Deferred
    $17,179
    Nontaxable benefits
    $26,032
    Filer's total
    $200,712

  • Angelo Pezzullo

    DIRECTOR MAJOR ACCOUNTS

    Total calculated
    $252,986
    From this org
    $201,672
    From related orgs
    $0
    Other
    $51,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,699
    Bonus
    $17,128
    Other
    $10,845
    Deferred
    $23,796
    Nontaxable benefits
    $27,518
    Filer's total
    $252,986

  • Ellen M Hendrix

    AVP UNDERWRITING

    Total calculated
    $320,366
    From this org
    $263,707
    From related orgs
    $0
    Other
    $56,659
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,154
    Bonus
    $41,429
    Other
    $2,124
    Deferred
    $29,004
    Nontaxable benefits
    $27,655
    Filer's total
    $320,366

  • Duane S Easter

    DIR CORP REPORTING & FIN ANALYSIS

    Total calculated
    $210,533
    From this org
    $167,305
    From related orgs
    $0
    Other
    $43,228
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $147,015
    Bonus
    $18,912
    Other
    $1,378
    Deferred
    $19,071
    Nontaxable benefits
    $24,157
    Filer's total
    $210,533

  • Joseph Nagle

    FORMER PRESIDENT & CEO (THRU 6/2019)

    Total calculated
    $152,145
    From this org
    $152,145
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $152,145
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $152,145

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
GROSS-UP PAYMENTS THE PRESIDENT'S EMPLOYMENT AGREEMENT CONTAINS PROVISIONS FOR HIM TO RECEIVE PAYMENTS SO THAT HE CAN PERSONALLY PROCURE CERTAIN FRINGE BENEFITS SUCH AS LIFE INSURANCE AND LONG TERM DISABILITY POLICIES THAT ARE OTHERWISE AVAILABLE TO ALL OTHER EMPLOYEES. THIS ADDITIONAL INCOME IS GROSSED UP TO ACCOUNT FOR THE TAX IMPACT OF THESE PAYMENTS AND THE GROSS-UP IS INCLUDED IN REPORTABLE COMPENSATION ON SCHEDULE J PART II COLUMN (B)(III). HEALTH OR SOCIAL CLUB DUES THE PRESIDENT IS A MEMBER OF A LOCAL BUSINESS CLUB. REIMBURSEMENT FOR USE OF THIS IS EXCLUSIVELY FOR OFFSITE EMPLOYEE MEETINGS AS WELL AS BUSINESS RELATED MEETINGS WITH INDIVIDUALS OUTSIDE THE COMPANY. THE COMPANY MAINTAINS STRICT POLICIES REGARDING SUBSTANTIATION AND DOCUMENTATION FOR ALL BUSINESS RELATED EXPENSES INCURRED. THIS BENEFIT IS NOT REPORTED AS TAXABLE COMPENSATION.
PART I, LINE 4B
DURING THE 2022 CALENDAR YEAR, DELTA DENTAL OF RHODE ISLAND MAINTAINED A SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR JOSEPH R. PERRONI, THOMAS D. CHASE, RICHARD A. FRITZ, WENDY DUNCAN, AND JOSEPH NAGLE. DURING 2022 JOSEPH NAGLE RECEIVED A $152,145 DISTRIBUTION FROM THE PLAN.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ALTUS REALTY INC

    501(C)(2) · HOLDING CO. · RI · controlled entity

    Directly controlled by DDRI

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • THE ALTUS GROUP INC

    C · HOLDING COMPANY · RI · 100% owned · controlled entity

    Directly controlled by DDRI

  • ALTUS DENTAL INC

    C · DENTAL NETWORK · MA · 100% owned · controlled entity

    Directly controlled by ALTUS GROUP INC

  • ALTUS VENTURES INC

    C · INVESTMENT MGMT · RI · 100% owned · controlled entity

    Directly controlled by ALTUS GROUP INC

  • ALTUS DENTAL INSURANCE CO INC

    C · INSURANCE · RI · 100% owned · controlled entity

    Directly controlled by ALTUS GROUP INC

  • ALTUS SYSTEMS INC

    C · CLAIMS PROCESSING · RI · 100% owned · controlled entity

    Directly controlled by ALTUS GROUP INC

  • FIRST CIRCLE INC

    C · SOFTWARE PLATFORM · RI · 100% owned · controlled entity

    Directly controlled by ALTUS GROUP INC

  • FIRST CIRCLE REALTY INC

    C · MGMT. PROP. · RI · 100% owned · controlled entity

    Directly controlled by ALTUS GROUP INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343179349305894

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