Overview
What is Lifespan Corporation?
Lifespan Corporation, Rhode Island's pioneering health system, was established in 1994 as a collaborative effort between Rhode Island Hospital and The Miriam Hospital. This not-for-profit organization consists of five partners dedicated to the comprehensive delivery of quality health services, medical education, and biomedical research. By providing essential support services to its affiliates, Lifespan ensures the implementation of rigorous health care standards and fosters an academic health system, ultimately aiming to improve overall health and well-being for the community.
Official website here: www.lifespan.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Lifespan Corporation has achieved a solid Three-Star rating from Charity Navigator, demonstrating a strong commitment to accountability and finance, with an overall score of 81%. This score reflects the organization's effective governance and financial practices, successfully meeting criteria such as independent board composition and the absence of material diversion of assets.
The organization boasts a fully independent board of directors, with 87% of its members being independent, and it maintains rigorous financial oversight through its audit committee. Lifespan also adheres to best practices with policies in place for conflict of interest, whistleblowing, and document retention, all of which contribute positively to its accountability.
However, a notable limitation is the organization's liabilities to assets ratio, which received no points, indicating potential financial risk. Despite this concern, Lifespan Corporation's program expense ratio of 100% suggests that all expenses are directed towards its programs, highlighting its focus on fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Lifespan Corporation legitimate?
Lifespan Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lifespan Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,980,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $105,016,660
For more financial information, click here
Official website here: www.lifespan.org
What is the mission statement of Lifespan Corporation?
Lifespan Corporation is dedicated to delivering health services with care, integrating medical education and biomedical research within its comprehensive system. Founded in 1994 as a five-partner not-for-profit health care organization, Lifespan aims to ensure the provision of high-quality health services. Through its support services to affiliates, it assists in maintaining a standard of excellence in healthcare, education, and research. Lifespan's mission encompasses the pursuit of improving health outcomes and advancing medical knowledge for optimal patient care.
Official website here: www.lifespan.org
Who is the CEO of Lifespan Corporation?
John Fernandez is the Principal Officer of Lifespan Corporation. The CEO's salary of Lifespan Corporation is $1,886,252 and their total compensation is $3,179,462.
Official website here: www.lifespan.org
What is the revenue of Lifespan Corporation?
Lifespan Corporation's revenue in 2022 was $285,097,737.
Official website here: www.lifespan.org
Who are the executives of Lifespan Corporation and what are their salaries?
The average compensation at Lifespan Corporation during 2022 was $81,660. There are 1396 employees and 50 volunteers at Lifespan Corporation.
Here are 30 key members and their salaries (Lifespan Corporation's CEO's salary is $1,886,252 and their total compensation is $3,179,462):
- Compensation: $1,886,252
- Related: $0
- Other: $1,293,210
- Compensation: $0
- Related: $1,633,725
- Other: $49,275
- Compensation: $1,273,303
- Related: $0
- Other: $125,549
- Compensation: $913,193
- Related: $0
- Other: $146,416
- Compensation: $828,234
- Related: $0
- Other: $146,676
- Compensation: $923,868
- Related: $0
- Other: $30,326
- Compensation: $815,869
- Related: $0
- Other: $117,535
- Compensation: $777,081
- Related: $0
- Other: $108,591
- Compensation: $739,598
- Related: $0
- Other: $129,797
- Compensation: $723,914
- Related: $0
- Other: $116,932
- Compensation: $559,317
- Related: $0
- Other: $119,577
- Compensation: $560,314
- Related: $0
- Other: $37,857
- Compensation: $0
- Related: $380,735
- Other: $18,433
- Compensation: $390,974
- Related: $0
- Other: $7,478
- Compensation: $70,928
- Related: $0
- Other: $3,282
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.lifespan.org
Where can I find the form 990 for Lifespan Corporation?
Lifespan Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lifespan.org
Learn more at the official website: www.lifespan.org
Mission Statement of Lifespan Corporation
Lifespan Corporation, a renowned not-for-profit health care system, was established in 1994 by Rhode Island Hospital and The Miriam Hospital with a mission to deliver health with care while maintaining a comprehensive, integrated academic health system. The organization, comprised of five partners, is dedicated to ensuring the provision of high-quality health services, medical education, and biomedical research.
In its pursuit of this mission, Lifespan Corporation offers critical support services to its affiliates. This commitment to excellence is designed to uphold the delivery of top-notch health care, foster learning opportunities, and drive scientific advancements in the medical field. Lifespan's reputation as a trailblazer in Rhode Island's health sector was built on the foundational partnerships of Rhode Island Hospital and The Miriam Hospital, two institutions that share Lifespan's dedication to enhancing the well-being of their communities.
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Impact
October, 2024
Lifespan Corporation significantly impacts the health landscape of Rhode Island by delivering comprehensive healthcare services through an integrated academic health system. Founded in 1994, it was created by Rhode Island Hospital and The Miriam Hospital, marking a pivotal moment in the state's healthcare provision. Lifespan focuses on maintaining high-quality health services and fostering medical education and biomedical research.
By providing support services to its affiliates, Lifespan ensures that patients receive coordinated and efficient care. Its commitment to healthcare excellence not only enhances patient outcomes but also strengthens the overall health system in the region. The collaboration among its five partner institutions enriches research opportunities and advances medical knowledge, ultimately benefiting the communities it serves. Overall, Lifespan Corporation plays a vital role in promoting public health and improving quality of life in Rhode Island.
This information is meant to be a general summary of Lifespan Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$255,670
- Program Service Revenue: $285,329,860
- Gross Receipts: $291,401,717
Assets and Liabilities:
- Total Assets: $234,961,621
- Total Liabilities: $199,381,005
- Net Assets: $35,580,616
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Other Program Svc Rev
Revenue
$3,736,816
Support - Related Orgs
Revenue
$281,593,044
Organization Details
Founding Year
1994
Phone
(401) 444-3500Principal Officer
John Fernandez
Main Address
167 Point Street, Providence, RI, 02903
Website
www.lifespan.orgNTEE Category
Code: E020 - Health
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