MILFORD REGIONAL PHYSICIAN GROUP INC

EIN: 043159969 501(c)(3) Health Care

Milford, MA

Total Revenue
$117,778,319
Total Expenses
$127,778,817
Total Assets
$68,077,135
Net Assets
$3,169,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MA
Principal Officer
Elizabeth Cadle
Phone
5084731480
Tax Period
2023-10-01 to 2024-09-30

MILFORD REGIONAL PHYSICIAN GROUP INC, founded in 1992, is a major nonprofit in the Health Care sector that reported $117.8M in total revenue in fiscal year 2023.

Mission

Milford Regional Physicians Group is a large multi-specialty physician group practice with emphasis on primary care. Our mission is to provide healthcare services to all individuals in our community with dignity, compassion, and respect. The vision of Milford Regional Physician Group is to consistently meet the changing healthcare needs and expectations of the communities we serve.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $117,780,463
Investment Income $-2,144
Other Revenue $0
TOTAL REVENUE $117,778,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $95,107,080
Fundraising Expenses $0
Program Expenses $124,436,111
Other Expenses $32,671,737
TOTAL EXPENSES $127,778,817

Year-over-Year Comparison

2023 2022 Change
Revenue $117,778,319 $115,595,967 +0.0%
Expenses $127,778,817 $124,549,917 +0.0%
Net Income $-10,000,498 $-8,953,950 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
12
Employees
761
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
15
$370,533
Key Employees
1
$701,773
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Patrick McSweeney President 50.00
Key Emp
$609,715 $92,058 $701,773
Susan Finnegan Barrett Physician 50
Highest
$574,853 $30,210 $665,063
Eddie Michli Physician 50
Highest
$614,623 $0 $662,895
Michael McCormick Physician 50
Highest
$603,859 $0 $656,293
Kathleen Richard Physican 50
Highest
$569,463 $0 $617,238
Christopher Baranano Physician 50
Highest
$574,906 $0 $616,099
Andrew Willment Trustee 50
Director
$352,597 $17,936 $370,533
Mary O'Neill Trustee 1
Director
$0 $0 $0
Sandra Clark Trustee 1
Director
$0 $0 $0
Anthony Consigli Chair 1
Director
$0 $0 $0
Jamie Doucette Trustee 1
Director
$0 $0 $0
Jeffrey Nutting Trustee 1
Director
$0 $0 $0
Denise Brookhouse Clerk 1
Director
$0 $0 $0
Shefali Desai Trustee 1
Director
$0 $0 $0
Gordon Lewis Treasurer 1
Director
$0 $0 $0
Linda Mancini Trustee 1
Director
$0 $0 $0
Gerald Gaudette Trustee 1
Director
$0 $0 $0
Barbara Gilmore Trustee 1
Director
$0 $0 $0
Brian Earley Vice Chair 1
Director
$0 $0 $0
Christopher Foley Trustee 1
Director
$0 $0 $0
John Fernandes Trustee 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $117,778,319 $127,778,817 $68,077,135 $-10,000,498
2023 $115,595,967 $124,549,917 $52,796,572 $-8,953,950
2022 $105,396,139 $113,605,283 $54,147,726 $-8,209,144
2021 $98,396,869 $101,026,255 $55,077,326 $-2,629,386
2020 $78,222,591 $87,821,398 $17,634,545 $-9,598,807
2019 $72,938,228 $84,801,463 $16,753,397 $-11,863,235
2018 $65,521,979 $74,452,746 $11,679,653 $-8,930,767
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