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Nonprofiteer
← DELTA DENTAL OF RHODE ISLAND

Form 990 for tax year 2024

Filed by DELTA DENTAL OF RHODE ISLAND.

Totals

Total revenue
$69,698,652
Total expenses
$69,085,162
Contributions and grants received
$0
Grants paid
$1,441,865
Program service revenue
$67,755,271
Investment income
$1,880,892
Other revenue
$62,489
Total assets, end of year
$139,305,705
Total liabilities, end of year
$17,264,441
Net assets or fund balances, end of year
$122,041,264
Program services expenses (Part IX)
$58,181,207
Management and general expenses
$10,903,955
Fundraising expenses
$0
Program service expenses (Part III)
$58,181,207

Program services were 84.2% 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 $65,924,321 · related or exempt $65,924,321

  • 2b · Program service revenue: OTHER STATE RISK PREMIUMS

    total $1,830,950 · related or exempt $1,830,950

  • 3 · Investment income

    total $1,663,191 · excluded $1,663,191

  • 7a · Gross sales of assets other than inventory

    securities $17,982,689

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

    securities $17,764,988

  • 7c · Gain or loss

    securities $217,701

  • 7d · Net gain or loss

    total $217,701 · excluded $217,701

  • 11a · Other revenue: INCOME FROM SUBSIDIARIES

    total $54,827 · unrelated business $1,249 · excluded $53,578

  • 11b · Other revenue: OTHER INCOME

    total $7,662 · excluded $7,662

  • 11e · Other revenue, total

    $62,489

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,441,865 · program services $1,441,865

  • 4 · Benefits paid to or for members

    total $48,535,742 · program services $48,535,742

  • 5 · Compensation of officers, directors and key employees

    total $3,021,034 · program services $914,620 · management and general $2,106,414

  • 6 · Compensation of disqualified persons

    total $163,904 · management and general $163,904

  • 7 · Other salaries and wages

    total $6,773,598 · program services $4,171,895 · management and general $2,601,703

  • 8 · Pension plan contributions

    total $705,260 · program services $254,627 · management and general $450,633

  • 9 · Other employee benefits

    total $403,402 · program services $21,494 · management and general $381,908

  • 10 · Payroll taxes

    total $759,281 · program services $331,043 · management and general $428,238

  • 11b · Fees: legal

    total $245,143 · management and general $245,143

  • 11c · Fees: accounting

    total $384,595 · management and general $384,595

  • 11d · Fees: lobbying

    total $93,269 · program services $93,269

  • 11f · Fees: investment management

    total $515,148 · management and general $515,148

  • 11g · Fees: other

    total $1,213,514 · program services -$605,090 · management and general $1,818,604

  • 12 · Advertising and promotion

    total $526,685 · management and general $526,685

  • 13 · Office expenses

    total $575,710 · program services $381,232 · management and general $194,478

  • 16 · Occupancy

    total $979,691 · program services $594,847 · management and general $384,844

  • 17 · Travel

    total $98,889 · program services $7,926 · management and general $90,963

  • 19 · Conferences, conventions and meetings

    total $8,996 · management and general $8,996

  • 22 · Depreciation, depletion and amortization

    total $172,500 · management and general $172,500

  • 23 · Insurance

    total $166,111 · management and general $166,111

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $1,888,173 · program services $1,888,173

  • 24b · Other expenses: BOARD & ASSOCIATION FEE

    total $419,129 · program services $10,253 · management and general $408,876

  • 24c · Other expenses: LICENSES & FEES

    total $43,500 · program services $969 · management and general $42,531

  • 24d · Other expenses: INCOME TAX

    total $50 · management and general $50

  • 24e · All other expenses

    total -$50,027 · program services $138,342 · management and general -$188,369

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $250 · end of year $250

  • 2 · Savings and temporary cash investments

    beginning of year $1,378,445 · end of year $2,909,240

  • 4 · Accounts receivable

    beginning of year $6,816,009 · end of year $5,716,308

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,183,319 · end of year $3,801,935

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

    $24,526,904

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

    $13,949,474

  • 10c · Land, buildings and equipment, net

    beginning of year $5,719,474 · end of year $10,577,430

  • 11 · Investments: publicly traded securities

    beginning of year $86,145,151 · end of year $89,456,851

  • 12 · Investments: other securities

    beginning of year $26,370,534 · end of year $26,406,818

  • 15 · Other assets

    beginning of year $450,820 · end of year $436,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,495,636 · end of year $13,526,847

  • 25 · Other liabilities

    beginning of year $3,991,466 · end of year $3,737,594

  • 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 $115,576,900 · end of year $122,041,264

Mission and programs · 2024

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 428,445 MEMBERS UNDER 222,772 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 $49,977,607 · Revenue $65,924,321

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

    Expenses $8,203,600 · Grants $1,441,865

  • THE COMPANY PARTICIPATED, PURSUANT TO RISK SHARING AGREEMENTS, IN THREE SEPARATE JOINT VENTURES WITH OTHER DELTA DENTAL MEMBER COMPANIES. PROJECTED LOSSES ARE RECOGNIZED IN THE PERIOD THEY BECOME PROBABLE. CHANGES IN ACCRUED LOSS ESTIMATES ARE REFLECTED IN CURRENT PERIOD OPERATIONS.

    Revenue $1,830,950

As filed on the 2024 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
    $14,550
    From this org
    $14,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • James V Rosati

    VICE CHAIR

    Total calculated
    $16,200
    From this org
    $16,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Marc A Paulhus

    DIRECTOR

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

  • Steven Issa

    DIRECTOR

    Total calculated
    $13,500
    From this org
    $13,500
    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

  • Colin P Kane

    DIRECTOR

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

  • Jonathan W Hall

    DIRECTOR

    Total calculated
    $12,000
    From this org
    $12,000
    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

  • Heather A Provino

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

  • Pete Hayes

    DIRECTOR

    Total calculated
    $9,900
    From this org
    $9,900
    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

  • Dr Thomas Enright

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Christine Gadbois

    DIRECTOR

    Total calculated
    $8,400
    From this org
    $8,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Michael F Sabitoni

    DIRECTOR

    Total calculated
    $7,800
    From this org
    $7,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Joseph R Perroni

    PRESIDENT & CEO

    Total calculated
    $914,620
    From this org
    $842,228
    From related orgs
    $0
    Other
    $72,392
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $619,661
    Bonus
    $218,697
    Other
    $3,870
    Deferred
    $44,283
    Nontaxable benefits
    $28,109
    Filer's total
    $914,620

  • Richard A Fritz

    SR. VP FINANCE & CFO

    Total calculated
    $583,939
    From this org
    $515,602
    From related orgs
    $0
    Other
    $68,337
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $420,571
    Bonus
    $83,600
    Other
    $11,431
    Deferred
    $46,428
    Nontaxable benefits
    $21,909
    Filer's total
    $583,939

  • Melissa Gennari

    AVP & DIRECTOR COMPLIANCE

    Total calculated
    $203,939
    From this org
    $181,575
    From related orgs
    $0
    Other
    $22,364
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $162,989
    Bonus
    $17,163
    Other
    $1,423
    Deferred
    $21,475
    Nontaxable benefits
    $889
    Filer's total
    $203,939

  • William Landry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Duane S Easter

    AVP OF FINANCE

    Total calculated
    $246,515
    From this org
    $192,752
    From related orgs
    $0
    Other
    $53,763
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $172,380
    Bonus
    $18,721
    Other
    $1,651
    Deferred
    $25,440
    Nontaxable benefits
    $28,323
    Filer's total
    $246,515

  • Thomas D Chase

    SR. VP & COO

    Total calculated
    $595,704
    From this org
    $522,828
    From related orgs
    $0
    Other
    $72,876
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $430,438
    Bonus
    $86,450
    Other
    $5,940
    Deferred
    $45,575
    Nontaxable benefits
    $27,301
    Filer's total
    $595,704

  • Michelle Lucas

    VP COMMUNICATIONS & EXTERNAL AFFAIRS

    Total calculated
    $308,169
    From this org
    $249,257
    From related orgs
    $0
    Other
    $58,912
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,430
    Bonus
    $29,077
    Other
    $750
    Deferred
    $32,003
    Nontaxable benefits
    $26,909
    Filer's total
    $308,169

  • James Kinney

    VP SALES AND BUSINESS RELATIONS

    Total calculated
    $426,256
    From this org
    $355,228
    From related orgs
    $0
    Other
    $71,028
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $272,967
    Bonus
    $75,217
    Other
    $7,044
    Deferred
    $46,743
    Nontaxable benefits
    $24,285
    Filer's total
    $426,256

  • Ellen M Hendrix

    VP UNDERWRITING & INSURANCE RISK SVCS

    Total calculated
    $363,164
    From this org
    $298,938
    From related orgs
    $0
    Other
    $64,226
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,051
    Bonus
    $49,224
    Other
    $3,663
    Deferred
    $42,541
    Nontaxable benefits
    $21,685
    Filer's total
    $363,164

  • Angelo Pezzullo

    SR ADV SALES & BUSINESS RELATIONS

    Total calculated
    $282,871
    From this org
    $242,587
    From related orgs
    $0
    Other
    $40,284
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,833
    Bonus
    $44,655
    Other
    $11,099
    Deferred
    $27,154
    Nontaxable benefits
    $13,130
    Filer's total
    $282,871

  • Judith A Lowen As Of 42024

    AVP OF PROD. & SERV. DEV.

    Total calculated
    $241,159
    From this org
    $119,024
    From related orgs
    $78,144
    Other
    $43,991
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $117,910 + $61,014 related
    Bonus
    $0 + $16,554 related
    Other
    $1,114 + $576 related
    Deferred
    $13,841 + $7,733 related
    Nontaxable benefits
    $14,359 + $8,058 related
    Filer's total
    $147,224 + $93,935 related

  • Jason E Brown As Of 42024

    AVP OF GOVERNMENT PROGRAMS

    Total calculated
    $227,713
    From this org
    $114,095
    From related orgs
    $76,724
    Other
    $36,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,848 + $59,532 related
    Bonus
    $0 + $17,062 related
    Other
    $247 + $130 related
    Deferred
    $7,186 + $7,290 related
    Nontaxable benefits
    $14,360 + $8,058 related
    Filer's total
    $135,641 + $92,072 related

  • Joseph Nagle

    FORMER PRESIDENT & CEO (THRU 6/2019)

    Total calculated
    $163,904
    From this org
    $163,904
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $163,904
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $163,904

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 2024 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, AND JOSEPH NAGLE. DURING 2024 JOSEPH NAGLE RECEIVED A $163,904 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 · share of income $96,273,949 · share of assets $85,717,663 · 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
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513179349303371

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