Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $0

• 1f · All other contributions, gifts and grants

  $0

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: PREMIUM EARNED

  total $1,632,840,364 · related or exempt $1,632,840,364 · unrelated business $0 · excluded $0

• 2b · Program service revenue: EOHHS INCENTIVES

  total $2,034,657 · related or exempt $2,034,657 · unrelated business $0 · excluded $0

• 2c · Program service revenue: PPC ADMIN

  total $1,665,934 · related or exempt $0 · unrelated business $1,665,934

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $2,610,232 · excluded $2,610,232

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $50,313,120 · other assets $0

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

  securities $50,922,440 · other assets $251

• 7c · Gain or loss

  securities -$609,320 · other assets -$251

• 7d · Net gain or loss

  total -$609,571 · excluded -$609,571

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $249 · program services $249

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $1,501,971,074 · program services $1,501,971,074

• 5 · Compensation of officers, directors and key employees

  total $1,508,748 · program services $0 · management and general $1,508,748 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $29,639,694 · program services $15,042,145 · management and general $14,597,549 · fundraising $0

• 8 · Pension plan contributions

  total $1,914,387 · program services $971,551 · management and general $942,836 · fundraising $0

• 9 · Other employee benefits

  total $8,596,266 · program services $4,362,605 · management and general $4,233,661 · fundraising $0

• 10 · Payroll taxes

  total $2,403,411 · program services $1,219,731 · management and general $1,183,680 · fundraising $0

• 11a · Fees: management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11b · Fees: legal

  total $266,849 · program services $135,426 · management and general $131,423 · fundraising $0

• 11c · Fees: accounting

  total $1,501,996 · program services $762,263 · management and general $739,733 · fundraising $0

• 11d · Fees: lobbying

  total $86,400 · program services $0 · management and general $86,400 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $33,035,524 · program services $16,676,108 · management and general $16,359,416 · fundraising $0

• 12 · Advertising and promotion

  total $1,674,993 · program services $850,059 · management and general $824,934 · fundraising $0

• 13 · Office expenses

  total $2,463,696 · program services $1,250,326 · management and general $1,213,370 · fundraising $0

• 14 · Information technology

  total $10,819,246 · program services $5,490,767 · management and general $5,328,479 · fundraising $0

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $2,845,837 · program services $1,444,262 · management and general $1,401,575 · fundraising $0

• 17 · Travel

  total $151,740 · program services $77,008 · management and general $74,732 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $0 · program services $0 · management and general $0 · fundraising $0

• 20 · Interest

  total $0 · program services $0 · management and general $0 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $2,091,306 · program services $1,061,338 · management and general $1,029,968 · fundraising $0

• 23 · Insurance

  total $1,051,943 · program services $533,861 · management and general $518,082 · fundraising $0

• 24a · Other expenses: PREMIUM TAX

  total $28,853,773 · program services $0 · management and general $28,853,773 · fundraising $0

• 24b · Other expenses: TEMPORARY HELP

  total $802,185 · program services $407,109 · management and general $395,076 · fundraising $0

• 24c · Other expenses: OTHER EXPENSE - TRAINING

  total $346,624 · program services $175,912 · management and general $170,712 · fundraising $0

• 24d · Other expenses: STATE & LOCAL TAXES PAID

  total $4,904,193 · program services $2,488,878 · management and general $2,415,315 · fundraising $0

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

• 26 · Joint costs (an allocation of the lines above)

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $199,990,562 · end of year $185,287,007

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $81,637,091 · end of year $87,872,559

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $0

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

  $6,267,162

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

  $5,252,403

• 10c · Land, buildings and equipment, net

  beginning of year $3,763,570 · end of year $1,014,759

• 11 · Investments: publicly traded securities

  beginning of year $118,716,518 · end of year $147,245,772

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $69,453,974 · end of year $80,164,264

• 17 · Accounts payable and accrued expenses

  beginning of year $47,704,674 · end of year $66,397,143

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $299,718,601 · end of year $306,015,799

• 27 · Net assets without donor restrictions

  beginning of year $126,138,440 · end of year $129,171,419

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment

MaryLou Buyse received $227,418 in severance during the tax year 2022, with the remainder to be paid during the tax year 2023, for a total sum of $407,783 as separation compensation paid. (a) Payment to Dr. Buyse of fifty-two (52) weeks of base salary (the "Severance Weeks") for the total sum of four hundred and seven thousand, seven hundred and eighty three ($407,783) dollars, as separation compensation, subject to all appropriate taxes and payroll deductions. Said amount shall be made as bi-weekly payments, less appropriate deductions, until said payments are exhausted with payments commencing upon receipt of the Agreement fully executed and signed by Dr. Buyse. (b) Neighborhood shall offer to Dr. Buyse health insurance benefits (health, dental and vision coverage) pursuant to the Consolidated Omnibus Budget Reconciliation Act (COBRA), at Neighborhood's group rate plus two (2%) percent for up to eighteen (18) months. Neighborhood agrees to continue to pay its portion of the monthly health insurance premium commencing on May 28, 2022 through the end of the Severance Weeks. Dr. Buyse agrees to pay her employee portion as a deduction from her bi-weekly severance check. Beginning May 28, 2022, Dr. Buyse shall be eligible to continue the COBRA benefit by making all premium payments on a monthly basis in accordance with Neighborhood policy and COBRA regulations. Information concerning the election process under COBRA will be provided to Dr. Buyse under separate cover; (c) Payment to Dr. Buyse the total sum, subject to all appropriate payroll deductions, of 100% of her balance of accrued, but unused earned time; and (d) Following the date of the Agreement, Dr. Buyse will have no rights to any salary, severance, benefits, bonuses, commissions, incentives, or any other form of compensation from Neighborhood other than as explicitly set forth in the Agreement. Doug Byrd received $42,844 in severance during tax year 2022, with the remainder to be paid during tax year 2023, for a total sum of $318,720 as separation compensation paid. Mr. Byrd will be paid for all accrued earned time in accordance with Neighborhood policy. The total earned time accrued hours are 305.60. In addition, Mr. Byrd will be paid the amount of $12,241.16 bi-weekly for a period of one year after the Termination Date. The first payment will commence on or about November 14, 2022 and payments will be made continuously until a total of $318,270.16, less applicable withholding taxes and deductions has been paid. Neighborhood further agrees to maintain the existing medical and dental coverage provided to Mr. Byrd and his spouse until Mr. Byrd reaches age sixty-five (65).

Schedule J, Part I, Line 7 Non-fixed payments

PURPOSE: NEIGHBORHOOD HEALTH PLAN OF RHODE ISLAND'S (NHPRI) PERFORMANCE INCENTIVE PLAN (THE PLAN) HAS BEEN IMPLEMENTED TO OFFER A PERFORMANCE-BASED INCENTIVE AWARD OPPORTUNITY TO ELIGIBLE NHPRI EMPLOYEES BASED ON ACHIEVEMENT OF THE ORGANIZATION'S ANNUAL BUSINESS OBJECTIVES AS WELL AS THEIR OWN JOB PERFORMANCE. THE PLAN ALLOWS A PORTION OF NHPRI'S ANNUAL COMPENSATION COSTS TO BE VARIABLE IN RELATION TO THE ORGANIZATION'S PERFORMANCE. AMOUNTS PAID IN 2022 UNDER THE PLAN ARE INCLUDED IN PART II COLUMN (B) (II). OTHER OBJECTIVES THE PLAN IS EXPECTED TO PROMOTE INCLUDE THE FOLLOWING: A) FOCUS THE ATTENTION, EFFORT, AND TEAMWORK OF PLAN PARTICIPANTS ON THE ACCOMPLISHMENT OF NHPRI'S KEY BUSINESS OBJECTIVES; B) ENABLE NHPRI TO OFFER A COMPENSATION PROGRAM WITH METHODS AND LEVELS OF PAY THAT ARE COMPETITIVE WITH OTHER ORGANIZATIONS SEEKING COMPARABLE EMPLOYEE RESOURCES; C) REINFORCE NHPRI'S COMMITMENT TO A PERFORMANCE-BASED CULTURE FOR ITS EMPLOYEES AT ALL LEVELS OF THE ORGANIZATION; D) ASSIST NHPRI'S EFFORTS TO RETAIN ITS VALUED EMPLOYEES.