Lifespan Physician Group Inc Brown… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Babar Khokar MD

Phone

4014443500

Tax Period

2023-10-01 to 2024-09-30

Lifespan Physician Group Inc Brown Health Medical Group, founded in 1981, is a major nonprofit in the Diseases & Disorders sector that reported $251.3M in total revenue in fiscal year 2023. Expenses of $327.5M exceeded revenue, resulting in a 30% operating deficit.

Mission

BHMG provides accountable patient-centered, high quality, efficient, value-based care to serve the health care needs of Rhode Islanders and others. BHMG's mission is: Delivering health with care.

Program Service Accomplishments

Program 1

Expenses: $47,265,172 Revenue: $30,473,740

BHMG Hospitalists: Hospitalists are a dedicated inpatient group whose responsibilities are to care for medical patients from admission through discharge. Their role is to ensure that communication...

BHMG Hospitalists: Hospitalists are a dedicated inpatient group whose responsibilities are to care for medical patients from admission through discharge. Their role is to ensure that communication between the hospital and the PCPs is optimized to ensure that patients receive the best care possible.Brown University Health has more than 80 hospitalist providers throughout our affiliates.

Program 2

Expenses: $42,172,568 Revenue: $43,113,805

BHMG Anesthesiology:The providers of BHMG's anesthesiology practice group provide anesthesia care for adults, children, and adolescents undergoing surgery at Brown University Health hospitals and...

BHMG Anesthesiology:The providers of BHMG's anesthesiology practice group provide anesthesia care for adults, children, and adolescents undergoing surgery at Brown University Health hospitals and outpatient centers. The physicians and specialty-trained nurses of this group make up the largest anesthesia group in Rhode Island and bring their expertise from many of the nation's top training programs. Services include preoperative assessments and consultations, state-of-the-art equipment for general, regional, and intravenous sedation techniques, subspecialty expertise in ambulatory, cardiac, neurosurgical, thoracic, vascular, and regional anesthesia, as well as postoperative acute and chronic pain management.

Program 3

Expenses: $35,596,189 Revenue: $35,890,015

BHMG Pediatrics:BHMG's Pediatric practice group is comprised of pediatricians and specialists who provide routine health check-ups, treat illnesses, lead immunization clinics, and staff Rhode Island Hospital's (RIH) pediatric division, Hasbro Children's Hospital (HCH). Operating expenses for this practice group directly charged to BHMG during the fiscal year ended September 30, 2024 represented primarily payroll and fringe benefit expenses funded by RIH.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $247,183,549

Investment Income $587

Other Revenue $4,148,772

TOTAL REVENUE $251,332,908

Expense Breakdown

Grants Paid $2,873,000

Salaries & Benefits $268,969,128

Fundraising Expenses $0

Program Expenses $284,956,743

Other Expenses $55,664,785

TOTAL EXPENSES $327,506,913

Year-over-Year Comparison

	2023	2022	Change
Revenue	$251,332,908	$260,023,583	0.0%
Expenses	$327,506,913	$315,204,850	+0.0%
Net Income	$-76,174,005	$-55,181,267	+0.4%

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

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

Governance

Voting Members

Independent Members

N/A

Employees

1513

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

$4,439,574

Total Directors

$11,655,145

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy J Babineau	Fmr. Chair	0.00		$0	$1,336,393	$3,679,676
Ziya L Gokaslan MD	Physician	40.00		$1,656,599	$52,686	$1,709,285
Curtis E Doberstein MD	Trustee	40.00	Director	$1,495,072	$46,901	$1,541,973
Albert S Woo MD	Physician	40.00		$1,300,307	$58,596	$1,358,903
Daniel K Kwan MD	Physician	40.00		$1,276,416	$55,302	$1,331,718
Peter K Markell	EVP & CFO	0.50	Officer	$0	$18,928	$1,212,570
Gildasio S Oliveira Jr MD	Treas./Secty.	40.00	Officer Director	$979,355	$52,686	$1,032,041
Albert Telfeian MD	Physician	40.00		$973,254	$52,917	$1,026,171
Adetokunbo Oyelese MD	Trustee	40.00	Director	$973,647	$52,212	$1,025,859
Petra M Klinge MD	Physician	40.00		$968,387	$43,691	$1,012,078
Athena Poppas MD	President	40.00	Officer Director	$889,869	$52,062	$941,931
Kristopher R Davignon MD	Trustee-12/23	40.00	Director	$792,573	$52,743	$845,316
Paul Y Liu MD	Trustee	40.00	Director	$775,623	$52,686	$828,309
Phyllis A Dennery MD	Trustee	15.00	Director	$750,209	$47,162	$797,371
Henry T Sachs III MD	Chairperson	10.00	Officer Director	$0	$29,458	$797,201
Edward McGookin MD	Trustee	0.50	Director	$0	$122,683	$699,035
Steven Lampert	Fmr. President	0.00		$664,020	$23,134	$687,154
Christopher Song MD	Trustee	40.00	Director	$585,360	$52,718	$638,078
Jill A O'Brien MD	Trustee	40.00	Director	$427,692	$87,454	$515,146
Michael E Migliori MD	Trustee	40.00	Director	$438,471	$46,351	$484,822
Margaret A Miller MD	Vice Chair	40.00	Officer Director	$404,122	$51,709	$455,831
Patricia H Richards	VP of Operations	40.00		$413,138	$35,844	$448,982
Matthew T Salisbury MD	Trustee	40.00	Director	$337,810	$43,747	$381,557
Ashish Misri MD	Trustee	40.00	Director	$314,965	$16,756	$331,721
Jessica Attar MSN	Trustee	40.00	Director	$163,829	$41,881	$205,710
Julie Boergers PhD	Trustee	40.00	Director	$96,415	$36,829	$133,244

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	$251,332,908	$327,506,913	$59,130,898	$-76,174,005
2023	$260,023,583	$315,204,850	$58,072,603	$-55,181,267
2022	$281,440,113	$281,440,113	$59,853,002	No data
2021	$271,756,617	$271,756,617	$64,314,565	No data
2020	$240,798,657	$240,798,657	$45,414,357	No data
2019	$228,565,597	$228,565,597	$33,195,638	No data
2018	$201,970,536	$201,970,536	$27,956,305	No data

Lifespan Physician Group Inc Brown Health Medical Group