NFP500

#79 of 500 · Health Plan / Insurer

Neighborhood Health Plan Of Rhode Island

EIN 05-0477052 · RI · NTEE E310 · Form 990, fiscal 2023

A not-for-profit managed-care health plan founded in partnership with Rhode Island's community health centers. It provides health coverage primarily to Medicaid, Medicare, and other at-risk and lower-income populations across Rhode Island, coordinating access to primary, specialty, and preventive care while advocating for health equity for its members.

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Financials, fiscal 2023

Revenue
$1.88B
Expenses
$1.88B
Total assets
$578.8M
Net assets
$132.0M
Operating margin
0.2%
1-year growth
14.9%
5-year growth (CAGR)
8.6%
Reserve (years of spending)
0.8
Contributions share
n/a
Programme spending
99.6%
Fundraising cost
n/a
Executive pay share
0.06%
Employees
780
Revenue per employee
$2.4M
Grants paid
n/a
Years filing
21

NFP Health Score: 60 / 100

Financial 24 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

Neighborhood Health Plan of Rhode Island, an innovative health plan in partnership with the Community Health Centers, secures access to high quality, cost-effective health care for Rhode Island's at-risk populations.

Revenue history

YearRevenue
2019$1.35B
2020$1.40B
2021$1.52B
2022$1.64B
2023$1.88B