BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FACULTY PRACTICE FOUNDATION INC, founded in 1994, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2024. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $7.0M exceeded revenue, resulting in a 57% operating deficit.
FACULTY PRACTICE FOUNDATION, INC.'S ("THE FOUNDATION") PRIMARY MISSION IS TO IMPROVE THE HEALTH OF ALL, BY LEADING THROUGH INNOVATION AND COLLABORATION IN PATIENT CARE, EDUCATION, AND RESEARCH; AND TO PROMOTE THE PROFESSIONAL AND PERSONAL WELL-BEING OF ITS PHYSICIANS AND OTHER PROVIDERS. THE FOUNDATION FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY THROUGH THE FACULTY PRACTICE PLANS.
FACULTY PRACTICE FOUNDATION, INC. IS AFFILIATED WITH THE FOLLOWING FACULTY PRACTICE PLANS ("THE PLANS") AND FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY...
FACULTY PRACTICE FOUNDATION, INC. IS AFFILIATED WITH THE FOLLOWING FACULTY PRACTICE PLANS ("THE PLANS") AND FACILITATES THE EFFICIENT AND EFFECTIVE PROVISION OF MEDICAL SERVICES TO THE COMMUNITY THROUGH THE PLANS: BOSTON EMERGENCY PHYSICIAN FOUNDATION, INC. BOSTON REHABILITATION MEDICINE ASSOCIATES, INC. BOSTON UNIVERSITY CARDIAC & THORACIC SURGICAL FOUNDATION, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES I, INC. BOSTON UNIVERSITY DERMATOLOGY SUPPORT SERVICES II, INC. BOSTON UNIVERSITY DERMATOLOGY, INC. BOSTON UNIVERSITY EYE ASSOCIATES, INC. BOSTON UNIVERSITY FAMILY MEDICINE, INC. BOSTON UNIVERSITY GENERAL SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY MALLORY PATHOLOGY ASSOCIATES, INC. BOSTON UNIVERSITY MEDICAL CENTER ANESTHESIOLOGISTS, INC. BOSTON UNIVERSITY MEDICAL CENTER OTOLARYNGOLOGIC FOUNDATION, INC. BOSTON UNIVERSITY MEDICAL CENTER RADIOLOGISTS, INC. BOSTON UNIVERSITY MEDICAL CENTER UROLOGISTS, INC. BOSTON UNIVERSITY NEUROLOGY ASSOCIATES, INC. BOSTON UNIVERSITY NEUROSURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY OBSTETRICS & GYNECOLOGY FOUNDATION, INC. BOSTON UNIVERSITY ORTHOPAEDIC SURGICAL ASSOCIATES, INC. BOSTON UNIVERSITY PLASTIC SURGERY ASSOCIATES, INC. BOSTON UNIVERSITY PSYCHIATRY ASSOCIATES, INC. BOSTON UNIVERSITY RADIATION ONCOLOGY, INC. BOSTON UNIVERSITY SURGICAL ASSOCIATES, INC. CHILD HEALTH FOUNDATION OF BOSTON, INC. EVANS MEDICAL FOUNDATION, INC. THE FOUNDATION, INCORPORATED ON OCTOBER 18, 1994, IS A TAX-EXEMPT, NON-PROFIT MASSACHUSETTS CORPORATION OPERATED EXCLUSIVELY FOR CLINICAL, CHARITABLE, SCIENTIFIC AND EDUCATIONAL PURPOSES. THE PLANS, ALSO TAX-EXEMPT, NON-PROFIT CORPORATIONS, WERE ESTABLISHED TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF BMC AND BOSTON UNIVERSITY CHOBANIAN & AVEDISIAN SCHOOL OF MEDICINE ("CHOBANIAN & AVEDISIAN SCHOOL") (COLLECTIVELY, THE "INSTITUTIONS"). THE FOUNDATION IS GRANTED THE POWER TO APPROVE THE PLANS' ANNUAL OPERATING BUDGETS, PHYSICIAN COMPENSATION PLANS, AND MANAGED CARE CONTRACTS. THE PLANS' PURPOSE IS TO PROVIDE, COORDINATE, AND FACILITATE THE DELIVERY OF PATIENT CARE SERVICES AND TO PROMOTE THE DEVELOPMENT OF AN INTEGRATED SYSTEM OF DELIVERY TO MORE EFFICIENTLY AND EFFECTIVELY MEET THE HEALTH CARE NEEDS OF THE COMMUNITIES SERVED BY THE INSTITUTIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $4,442,400 | $21,153,557 | -0.8% |
| Expenses | $6,952,489 | $29,751,850 | -0.8% |
| Net Income | $-2,510,089 | $-8,598,293 | -0.7% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KAREN ANTMAN MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| CHRISTIAN ARBELAEZ MD MPH | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| ANITA CARSON | TRUSTEE (UNTIL 9/25/24) | 4.00 |
Director
|
$0 | $0 | $0 |
| RENA CONTI PHD | TRUSTEE (AS OF 9/25/24) | 4.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM CREEVY MD | TRUSTEE/PRESIDENT | 32.00 |
Officer
Director
|
$0 | $0 | $0 |
| THAMARAH CREVECOEUR CNM | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MANISHI DESAI MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MEGHAN DIERKS MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| ALIK FARBER MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| GREGORY GRILLONE MD | TREASURER, TRUSTEE | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANTHONY HOLLENBERG MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MONICA NOETHER PHD | TRUSTEE/CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACOB PIETER NOORDZIJ MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| MANJU SUBRAMANIAN MD | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| SUSHRUT WAIKAR MD MPH | TRUSTEE | 4.00 |
Director
|
$0 | $0 | $0 |
| RICHARD SUGARMAN | CLERK | 4.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $4,442,400 | $6,952,489 | $106,090,760 | $-2,510,089 |
| 2024 | $4,442,400 | $6,952,489 | $106,090,760 | $-2,510,089 |
| 2024 | No data | No data | No data | No data |
| 2023 | $16,064,448 | $29,679,789 | $106,995,174 | $-13,615,341 |
| 2022 | $13,798,440 | $35,064,017 | $97,416,333 | $-21,265,577 |
| 2021 | $45,984,440 | $47,615,907 | $98,365,059 | $-1,631,467 |
| 2020 | $22,594,902 | $33,365,641 | $119,535,340 | $-10,770,739 |
| 2019 | $10,472,156 | $17,528,347 | $85,395,354 | $-7,056,191 |
| 2018 | $11,465,997 | $16,741,357 | $105,403,670 | $-5,275,360 |
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