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Nonprofiteer
← NEWPORT HOSPITAL

Form 990 for tax year 2024

Filed by NEWPORT HOSPITAL.

Totals

Total revenue
$174,982,491
Total expenses
$170,718,185
Contributions and grants received
$4,532,703
Grants paid
$0
Program service revenue
$158,055,407
Investment income
$12,327,336
Other revenue
$67,045
Total assets, end of year
$388,872,251
Total liabilities, end of year
$27,134,783
Net assets or fund balances, end of year
$361,737,468
Program services expenses (Part IX)
$141,365,424
Management and general expenses
$29,352,761
Fundraising expenses
$0
Program service expenses (Part III)
$141,365,424

Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • John Fernandez

    Trustee

    Total calculated
    $2,016,723
    From this org
    $0
    From related orgs
    $1,651,362
    Other
    $365,361
    Hours/week
    3 + 70 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,550,583 related
    Bonus
    $0
    Other
    $0 + $100,779 related
    Deferred
    $0 + $334,533 related
    Nontaxable benefits
    $0 + $30,828 related
    Filer's total
    $0 + $2,016,723 related

  • Ziya L Gokaslan MD

    Trustee

    Total calculated
    $1,717,949
    From this org
    $0
    From related orgs
    $1,671,733
    Other
    $46,216
    Hours/week
    0.5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,513,096 related
    Bonus
    $0 + $144,400 related
    Other
    $0 + $14,237 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $25,516 related
    Filer's total
    $0 + $1,717,949 related

  • Peter K Markell

    Treasurer

    Total calculated
    $1,505,315
    From this org
    $0
    From related orgs
    $1,464,555
    Other
    $40,760
    Hours/week
    0.5 + 59.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,221,588 related
    Bonus
    $0 + $242,967 related
    Other
    $0
    Deferred
    $0 + $18,975 related
    Nontaxable benefits
    $0 + $21,785 related
    Filer's total
    $0 + $1,505,315 related

  • Timothy J Babineau MD

    Former Trustee

    Total calculated
    $1,335,765
    From this org
    $0
    From related orgs
    $1,335,765
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $1,335,765 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $1,335,765 related

  • Crista Durand

    Fmr President

    Total calculated
    $1,235,545
    From this org
    $0
    From related orgs
    $786,684
    Other
    $448,861
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $357,537 related
    Bonus
    $0
    Other
    $0 + $429,147 related
    Deferred
    $0 + $419,957 related
    Nontaxable benefits
    $0 + $28,904 related
    Filer's total
    $0 + $1,235,545 related

  • Paul J Adler

    Secretary

    Total calculated
    $1,028,380
    From this org
    $0
    From related orgs
    $879,367
    Other
    $149,013
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $757,627 related
    Bonus
    $0
    Other
    $0 + $121,740 related
    Deferred
    $0 + $127,377 related
    Nontaxable benefits
    $0 + $21,636 related
    Filer's total
    $0 + $1,028,380 related

  • Nicholas P Dominick

    Interim President thru 7/25

    Total calculated
    $742,571
    From this org
    $0
    From related orgs
    $702,482
    Other
    $40,089
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $478,872 related
    Bonus
    $0
    Other
    $0 + $223,610 related
    Deferred
    $0 + $17,332 related
    Nontaxable benefits
    $0 + $22,757 related
    Filer's total
    $0 + $742,571 related

  • Eva Greenwood

    Fmr Treasurer

    Total calculated
    $655,551
    From this org
    $0
    From related orgs
    $539,491
    Other
    $116,060
    Hours/week
    0 + 60 related

    Schedule J breakdown matched by us

    Base
    $0 + $516,279 related
    Bonus
    $0
    Other
    $0 + $23,212 related
    Deferred
    $0 + $91,782 related
    Nontaxable benefits
    $0 + $24,278 related
    Filer's total
    $0 + $655,551 related

  • Jeffrey T Gaines MD

    CMO thru 4/25

    Total calculated
    $509,576
    From this org
    $426,586
    From related orgs
    $0
    Other
    $82,990
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $353,435
    Bonus
    $0
    Other
    $73,151
    Deferred
    $52,293
    Nontaxable benefits
    $30,697
    Filer's total
    $509,576

  • Orla Brandos

    Fmr CNO

    Total calculated
    $462,527
    From this org
    $404,193
    From related orgs
    $0
    Other
    $58,334
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $201,960
    Bonus
    $0
    Other
    $202,233
    Deferred
    $37,286
    Nontaxable benefits
    $21,048
    Filer's total
    $462,527

  • Anthony Romano

    Registered Nurse

    Total calculated
    $319,712
    From this org
    $318,019
    From related orgs
    $0
    Other
    $1,693
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $317,357
    Bonus
    $0
    Other
    $662
    Deferred
    $1,205
    Nontaxable benefits
    $488
    Filer's total
    $319,712

  • Jessica M Piazza

    Registered Nurse

    Total calculated
    $294,575
    From this org
    $250,944
    From related orgs
    $0
    Other
    $43,631
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $250,523
    Bonus
    $0
    Other
    $421
    Deferred
    $12,529
    Nontaxable benefits
    $31,102
    Filer's total
    $294,575

  • Dawn M Jenison

    Surgival CVT APP

    Total calculated
    $273,156
    From this org
    $226,511
    From related orgs
    $0
    Other
    $46,645
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,342
    Bonus
    $0
    Other
    $1,169
    Deferred
    $14,000
    Nontaxable benefits
    $32,645
    Filer's total
    $273,156

  • Trisha Kroll

    Registered Nurse

    Total calculated
    $252,167
    From this org
    $216,638
    From related orgs
    $0
    Other
    $35,529
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,910
    Bonus
    $0
    Other
    $728
    Deferred
    $12,640
    Nontaxable benefits
    $22,889
    Filer's total
    $252,167

  • Sarah Nekrasz

    CNO

    Total calculated
    $216,663
    From this org
    $172,932
    From related orgs
    $0
    Other
    $43,731
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,268
    Bonus
    $0
    Other
    $664
    Deferred
    $12,615
    Nontaxable benefits
    $31,116
    Filer's total
    $216,663

  • Arthur Dillworth

    Registered Nurse

    Total calculated
    $212,708
    From this org
    $194,321
    From related orgs
    $0
    Other
    $18,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,620
    Bonus
    $0
    Other
    $1,701
    Deferred
    $7,459
    Nontaxable benefits
    $10,928
    Filer's total
    $212,708

  • Tenny Thomas MD

    President & CMO

    Total calculated
    $12,810
    From this org
    $0
    From related orgs
    $12,810
    Other
    $0
    Hours/week
    40

  • Lawrence A Aubin Sr

    Chairperson

    Total calculated
    $0
    Hours/week
    0.5 + 9.75 related

  • Emanuel Barrows

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 5.5 related

  • Roger N Begin CFP

    Trustee

    Total calculated
    $0
    Hours/week
    2 + 11 related

  • Bernard Buonanno

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Peter Capodilupo

    Vice Chair thru 12/24

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Chris Cocks

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Sarah T Dowling

    Trustee thru 12/24

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Edward D Feldstein

    Trustee thru 12/24

    Total calculated
    $0
    Hours/week
    0.5 + 1.6 related

  • Michael L Hanna

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 1.75 related

  • Mukesh Jain

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Phillip Kydd

    Trustee thru 12/24

    Total calculated
    $0
    Hours/week
    0.2 + 2.8 related

  • Alan H Litwin

    Vice Chair

    Total calculated
    $0
    Hours/week
    2 + 8.5 related

  • Martha Mainiero MD

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 3.6 related

  • Paula McNamara

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Samuel Mencoff

    Trustee

    Total calculated
    $0
    Hours/week
    1 + 19 related

  • Christina Paxson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Janet Robinson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Lawrence B Sadwin

    Trustee thru 12/24

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Shivan Subramaniam

    Trustee

    Total calculated
    $0
    Hours/week
    0.25 + 5.25 related

  • Angel Tavares

    Trustee

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

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
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a
Tax Indemnification and Gross Up Payments: The Brown Health Executive Long-Term Disability program provides financial protection to designated Lifespan executives in the event that they become disabled. Premiums are paid to the insurance carrier by the insureds on an after-tax basis to allow for income replacement at a reasonable cost. The income associated with the premiums is grossed up to cover the total cost of the benefit as provided in the Brown Health Executive Benefit Plan and is included in Medicare wages, more specifically on Schedule J, Part II, Column B (iii).
Schedule J, Part I, Line 4
Line 4a: The following individuals received a severance and/or change of control payment during the calendar year ending December 31, 2024: Timothy J. Babineau, MD, former trustee: $1,356,275. Orla Brandos, former CNO: $92,688. Crista Durand, former President: $177,687. Line 4b: Brown Health offers a non-qualified supplemental employee retirement plan (SERP) to certain executives. The following individuals were credited with the non-vested amounts indicated during calendar year 2024 and such amounts are included in deferred compensation on Schedule J, Part II, Column C: Paul J. Adler - $106,677. Orla M. Brandos - $22,608. Nicholas P. Dominick - $5,513. Crista F. Durand - $53,831. John Fernandez - $313,833. Jeffrey T. Gaines, MD - $31,593. Eva Greenwood - $73,257. Sarah A. Nekrasz - $1,800. In 2024, the following individuals became vested in and were paid a 2021 non-qualified supplemental employee retirement plan (SERP) amount and such amounts are included in Medicare wages, more specifically on Schedule J, Part II, Column B(iii): Paul J. Adler - $89,854. Orla M. Brandos - $104,997. Crista F. Durand - $245,258. Nicholas P. Dominick - $206,825. Jeffrey T. Gaines, MD - $37,978. Peter K. Markell - $158,521. The portion of the above payments that was reported as deferred compensation in prior years is reflected on Schedule J, Part II, Column F. Participants included in Brown Health's SERP are awarded plan contributions on a quarterly basis. Contributions and interest earned during a plan year vest after three years and are paid to plan participants at that time. SERP payments earned during the calendar year which have not yet vested are disclosed on Schedule J, Part II, Column C. Vested SERP payments received during the year are disclosed on Schedule J, Part II, Column B(iii) (as well as Column F if reported on Schedule J, Part II, Column C of a previously filed Form 990). Plan contributions awarded to participants who have reached age 62 become vested as of the beginning of the following calendar year.
Schedule J, Part I, Line 7
Certain physicians and executives participate in incentive compensation plans arranged through individual contractual agreements which stipulate non-fixed payments based on meeting criteria comprised of various quality and productivity markers.

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

No itemized grants to organizations on this return.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
IRS schema version
2024v5.0
Source object
202612309349301006

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