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Nonprofiteer
← DELTA DENTAL OF RHODE ISLAND

Form 990 for tax year 2023

Filed by DELTA DENTAL OF RHODE ISLAND.

Totals

Total revenue
$66,618,042
Total expenses
$65,672,783
Contributions and grants received
$0
Grants paid
$2,656,723
Program service revenue
$64,330,960
Investment income
$2,189,591
Other revenue
$97,491
Total assets, end of year
$131,064,002
Total liabilities, end of year
$15,487,102
Net assets or fund balances, end of year
$115,576,900
Program services expenses (Part IX)
$55,412,747
Management and general expenses
$10,260,036
Fundraising expenses
$0
Program service expenses (Part III)
$55,412,747

Program services were 84.4% 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 $62,429,231 · related or exempt $62,429,231

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

    total $1,901,729 · related or exempt $1,901,729

  • 3 · Investment income

    total $2,082,831 · excluded $2,082,831

  • 7a · Gross sales of assets other than inventory

    securities $265,953

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

    securities $159,193

  • 7c · Gain or loss

    securities $106,760

  • 7d · Net gain or loss

    total $106,760 · excluded $106,760

  • 11a · Other revenue: INCOME FROM SUBSIDIARIES

    total $50,175 · unrelated business $13,653 · excluded $36,522

  • 11b · Other revenue: OTHER INCOME

    total $47,316 · excluded $47,316

  • 11e · Other revenue, total

    $97,491

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $2,656,723 · program services $2,656,723

  • 4 · Benefits paid to or for members

    total $44,518,446 · program services $44,518,446

  • 5 · Compensation of officers, directors and key employees

    total $2,847,158 · program services $879,359 · management and general $1,967,799

  • 7 · Other salaries and wages

    total $6,459,746 · program services $4,417,792 · management and general $2,041,954

  • 8 · Pension plan contributions

    total $545,632 · program services $257,283 · management and general $288,349

  • 9 · Other employee benefits

    total $650,997 · program services $40,570 · management and general $610,427

  • 10 · Payroll taxes

    total $719,355 · program services $328,337 · management and general $391,018

  • 11b · Fees: legal

    total $240,741 · management and general $240,741

  • 11c · Fees: accounting

    total $401,235 · management and general $401,235

  • 11d · Fees: lobbying

    total $63,000 · program services $63,000

  • 11f · Fees: investment management

    total $456,034 · management and general $456,034

  • 11g · Fees: other

    total $1,068,503 · program services -$478,522 · management and general $1,547,025

  • 12 · Advertising and promotion

    total $579,870 · management and general $579,870

  • 13 · Office expenses

    total $539,251 · program services $334,635 · management and general $204,616

  • 16 · Occupancy

    total $966,136 · program services $602,130 · management and general $364,006

  • 17 · Travel

    total $124,980 · program services $3,179 · management and general $121,801

  • 19 · Conferences, conventions and meetings

    total $2,200 · management and general $2,200

  • 22 · Depreciation, depletion and amortization

    total $204,086 · management and general $204,086

  • 23 · Insurance

    total $288,806 · management and general $288,806

  • 24a · Other expenses: EQUIPMENT RENTAL & MAIN

    total $1,766,114 · program services $1,766,114

  • 24b · Other expenses: BOARD & ASSOCIATION FEE

    total $447,384 · program services $3,204 · management and general $444,180

  • 24c · Other expenses: LICENSE & FEES

    total $34,259 · management and general $34,259

  • 24e · All other expenses

    total $92,127 · program services $20,497 · management and general $71,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $249 · end of year $250

  • 2 · Savings and temporary cash investments

    beginning of year $2,862,532 · end of year $1,378,445

  • 4 · Accounts receivable

    beginning of year $4,656,217 · end of year $6,816,009

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,281,921 · end of year $4,183,319

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

    $19,498,076

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

    $13,778,602

  • 10c · Land, buildings and equipment, net

    beginning of year $1,653,802 · end of year $5,719,474

  • 11 · Investments: publicly traded securities

    beginning of year $83,578,465 · end of year $86,145,151

  • 12 · Investments: other securities

    beginning of year $26,952,259 · end of year $26,370,534

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $402,883 · end of year $450,820

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,582,763 · end of year $11,495,636

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $3,770,119 · end of year $3,991,466

  • 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 $110,035,446 · end of year $115,576,900

Mission and programs · 2023

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 407,393 MEMBERS UNDER 204,492 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 $47,141,369 · Revenue $62,429,231

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

    Expenses $8,271,378 · Grants $2,656,723

  • 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 $1,901,729

As filed on the 2023 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
    $19,950
    From this org
    $19,950
    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

  • Marc A Paulhus

    DIRECTOR

    Total calculated
    $14,400
    From this org
    $14,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Steven Issa

    DIRECTOR

    Total calculated
    $13,800
    From this org
    $13,800
    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
    $12,000
    From this org
    $12,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Jonathan W Hall

    DIRECTOR

    Total calculated
    $11,400
    From this org
    $11,400
    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
    $10,800
    From this org
    $10,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Elizabeth Catucci

    DIRECTOR

    Total calculated
    $10,200
    From this org
    $10,200
    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
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Christine Gadbois

    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
    $7,050
    From this org
    $7,050
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Michael F Sabitoni

    DIRECTOR (AS OF 04/23)

    Total calculated
    $3,000
    From this org
    $3,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1 + 1 related

  • Joseph R Perroni

    PRESIDENT & CEO

    Total calculated
    $879,358
    From this org
    $809,177
    From related orgs
    $0
    Other
    $70,181
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $608,509
    Bonus
    $189,852
    Other
    $10,816
    Deferred
    $42,222
    Nontaxable benefits
    $27,959
    Filer's total
    $879,358

  • Richard A Fritz

    SR VP FINANCE & CFO

    Total calculated
    $560,672
    From this org
    $496,121
    From related orgs
    $0
    Other
    $64,551
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $406,367
    Bonus
    $78,358
    Other
    $11,396
    Deferred
    $41,364
    Nontaxable benefits
    $23,187
    Filer's total
    $560,672

  • George J Bedard

    CONTROLLER (THRU 12/23)

    Total calculated
    $212,532
    From this org
    $171,122
    From related orgs
    $0
    Other
    $41,410
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $154,170
    Bonus
    $12,731
    Other
    $4,221
    Deferred
    $19,020
    Nontaxable benefits
    $22,390
    Filer's total
    $212,532

  • Melissa Gennari

    AVP & DIRECTOR COMPLIANCE

    Total calculated
    $189,146
    From this org
    $170,380
    From related orgs
    $0
    Other
    $18,766
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $155,387
    Bonus
    $13,642
    Other
    $1,351
    Deferred
    $17,877
    Nontaxable benefits
    $889
    Filer's total
    $189,146

  • William Landry

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Thomas D Chase

    COO

    Total calculated
    $572,552
    From this org
    $507,336
    From related orgs
    $0
    Other
    $65,216
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $420,506
    Bonus
    $80,890
    Other
    $5,940
    Deferred
    $41,825
    Nontaxable benefits
    $23,391
    Filer's total
    $572,552

  • Wendy Duncan

    VP MARKETING & EXTERNAL AF

    Total calculated
    $254,397
    From this org
    $239,906
    From related orgs
    $0
    Other
    $14,491
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $68,069
    Bonus
    $171,377
    Other
    $460
    Deferred
    $14,364
    Nontaxable benefits
    $127
    Filer's total
    $254,397

  • Elizabeth Walsh

    SR DIRECTOR HUMAN RESOURCES

    Total calculated
    $191,616
    From this org
    $148,839
    From related orgs
    $0
    Other
    $42,777
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,616
    Bonus
    $11,544
    Other
    $679
    Deferred
    $17,337
    Nontaxable benefits
    $25,440
    Filer's total
    $191,616

  • James Kinney

    VP SALES AND BUSINESS RELATIONS

    Total calculated
    $397,305
    From this org
    $335,647
    From related orgs
    $0
    Other
    $61,658
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $263,819
    Bonus
    $64,444
    Other
    $7,384
    Deferred
    $37,974
    Nontaxable benefits
    $23,684
    Filer's total
    $397,305

  • Ellen M Hendrix

    VP UNDERWRITING

    Total calculated
    $337,163
    From this org
    $282,781
    From related orgs
    $0
    Other
    $54,382
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,348
    Bonus
    $46,153
    Other
    $2,280
    Deferred
    $32,697
    Nontaxable benefits
    $21,685
    Filer's total
    $337,163

  • Angelo Pezzullo

    SR ADV SALES & BUSINESS RELATIONS

    Total calculated
    $255,529
    From this org
    $206,031
    From related orgs
    $0
    Other
    $49,498
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,827
    Bonus
    $17,238
    Other
    $10,966
    Deferred
    $23,896
    Nontaxable benefits
    $25,602
    Filer's total
    $255,529

  • Duane S Easter

    DIRECTOR OF FINANCE

    Total calculated
    $221,741
    From this org
    $177,310
    From related orgs
    $0
    Other
    $44,431
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,388
    Bonus
    $17,429
    Other
    $1,493
    Deferred
    $20,170
    Nontaxable benefits
    $24,261
    Filer's total
    $221,741

  • Joseph Nagle

    FORMER PRESIDENT & CEO (THRU 06/19)

    Total calculated
    $123,562
    From this org
    $123,562
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $123,562
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $123,562

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 2023 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 2023 JOSEPH NAGLE RECEIVED A $123,562 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 $95,759,107 · share of assets $83,766,266 · 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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349303377

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