BID-MILTON PHYSICIAN ASSOCIATES INC (EIN 222566792) - Form 990 Financial Analysis & Trantor Score

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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

2008

Legal Domicile

Principal Officer

KEVIN TABB MD

Phone

6176964600

Tax Period

2023-10-01 to 2024-09-30

BID-MILTON PHYSICIAN ASSOCIATES INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $3.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.1M exceeded revenue, resulting in a 35% operating deficit.

Mission

BETH ISRAEL DEACONESS MILTON PHYSICIANS ASSOCIATES, INC. (BIDMPA) OPERATES AN URGENT CARE CENTER IN THE CITY OF QUINCY MASSACHUSETTS. IT IS AN AFFILIATE OF BETH ISRAEL DEACONESS HOSPITAL - MILTON (BID-MILTON OR HOSPITAL), BETH ISRAEL DEACONESS MEDICAL CENTER (BIDMC) AND BETH ISRAEL LAHEY HEALTH AND PROVIDES URGENT CARE TO PATIENTS LIVING IN THE CITY OF QUINCY, TOWN OF MILTON AND THE SURROUNDING COMMUNITIES. BIDMPA IS DEDICATED TO PROVIDING CARE REGARDLESS OF A PATIENT'S RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, ANCESTRY, AGE, OR DISABILITY. BID-MILTON SERVES AS THE SOLE MEMBER OF BIDMPA. DURING THE FISCAL PERIOD COVERED BY THIS FILING, BETH ISRAEL LAHEY HEALTH (BILH) SERVED AS THE SOLE MEMBER OF ANNA JAQUES HOSPITAL (AJH), BETH ISRAEL DEACONESS MEDICAL CENTER, INC. (BIDMC), MOUNT AUBURN HOSPITAL (MAH), NEW ENGLAND BAPTIST HOSPITAL (NEBH), BETH ISRAEL DEACONESS HOSPITAL -- MILTON, INC. (MILTON), BETH ISRAEL DEACONESS HOSPITAL -- NEEDHAM, INC. (NEEDHAM), BETH ISRAEL DEACONESS HOSPITAL -- PLYMOUTH, INC. (PLYMOUTH), LAHEY HEALTH SHARED SERVICES (LHSS), LAHEY CLINIC FOUNDATION (LCF), WINCHESTER HOSPITAL (WINCHESTER), NORTHEAST HOSPITAL CORPORATION (NHC) WHICH INCLUDES BEVERLY, ADDISON GILBERT AND BAYRIDGE HOSPITALS, NORTHEAST BEHAVIORAL CORPORATION (NBHC), THE BETH ISRAEL LAHEY HEALTH PERFORMANCE NETWORK (BILHPN), EXETER HEALTH RESOURCES INC. (EHRI) AND THE BETH ISRAEL LAHEY HEALTH PHARMACY. THE LAHEY CLINIC FOUNDATION IN TURN SERVED AS THE SOLE MEMBER OF LAHEY CLINIC INC, AND LAHEY CLINIC HOSPITAL D/B/A LAHEY HOSPITAL AND MEDICAL CENTER (LHMC) AND EXETER HEALTH RESOURCES INC SERVED AS THE SOLE MEMBER OF EXETER HOSPITAL. EACH OF THE ENTITIES LISTED HERE MAY HAVE ALSO, IN TURN, SERVED AS MEMBER TO OTHER NETWORK AFFILIATES. BILH IS AN INTEGRATED HEALTH CARE SYSTEM COMMITTED TO EXPANDING ACCESS TO EXTRAORDINARY PATIENT CARE ACROSS EASTERN MASSACHUSETTS AND SOUTHERN NEW HAMPSHIRE AND ADVANCING THE SCIENCE AND PRACTICE OF MEDICINE THROUGH GROUNDBREAKING RESEARCH AND EDUCATION. THE BILH SYSTEM IS COMPRISED OF ACADEMIC AND TEACHING HOSPITALS, A PREMIER ORTHOPEDICS HOSPITAL, PRIMARY CARE AND SPECIALTY CARE PROVIDERS, AMBULATORY SURGERY CENTERS, URGENT CARE CENTERS, COMMUNITY HOSPITALS, HOMECARE SERVICES, OUTPATIENT BEHAVIORAL HEALTH CENTERS AND ADDICTION TREATMENT PROGRAMS. BILH'S COMMUNITY OF CLINICIANS, CAREGIVERS AND STAFF INCLUDES APPROXIMATELY 4,700 PHYSICIANS AND 39,000 EMPLOYEES.

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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 $3,056,780

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,056,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,770,670

Fundraising Expenses $0

Program Expenses $4,066,887

Other Expenses $2,344,248

TOTAL EXPENSES $4,114,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,056,780	$2,793,579	+0.1%
Expenses	$4,114,918	$3,636,960	+0.1%
Net Income	$-1,058,138	$-843,381	+0.3%

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

Employees

N/A

Volunteers

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

$9,646,675

Total Directors

$9,688,434

Key Employees

$509,681

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROWAN MICHAEL	TRUSTEE (EVP, HOS & AMB SVCS, BILH)	1.00	Director	$0	$2,401,778	$4,703,895
SHORETT PETER	TTEE (SR EXECUTIVE VP & COO, BILH)	1.00	Director	$0	$48,246	$1,607,722
BERRY MD MICHAEL	TRUSTEE	1.00	Director	$0	$43,840	$1,049,144
FERNANDEZ RICHARD	PRESIDENT & TRUSTEE	1.00	Officer Director	$0	$46,810	$670,099
ANDERSON MD JONATHAN	TRUSTEE (PRESIDENT, MEDICAL STAFF)	1.00	Director	$0	$83,844	$632,691
O'CONNOR MD HEIDI	TTEE; PHYS INT MED/PULMONARY DISEASE	1.00	Director	$0	$51,839	$415,897
BRESNICK MD MORGAN	TRUSTEE; SURGEON	1.00	Director	$0	$59,610	$356,376
SULLIVAN JOSEPH C	TRUSTEE	1.00	Director	$0	$41,260	$252,610
CICHELLO ANTHONY	TRUSTEE & CHAIR	1.00	Officer Director	$0	$0	$0
LAURENCE ANDREW	TRUSTEE & VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALEXOPOULOS ALEXANDRA	TRUSTEE	1.00	Director	$0	$0	$0
BURKE JOHN	TRUSTEE	1.00	Director	$0	$0	$0
CARUCCI DEAN	TTEE (BILH DIV PRESIDENT, COMMUNITY)	1.00	Director	$0	$0	$0
COLLINS HARRIS E	TRUSTEE	1.00	Director	$0	$0	$0
DENNY STEPHEN	TRUSTEE	1.00	Director	$0	$0	$0
GAFFNEY THERESA	TRUSTEE	1.00	Director	$0	$0	$0
GLYNN MAUREEN	TRUSTEE	1.00	Director	$0	$0	$0
LIANG JIMMY	TRUSTEE	1.00	Director	$0	$0	$0
MARR JEFFREY	TRUSTEE	1.00	Director	$0	$0	$0
OKARA EBI	TRUSTEE	1.00	Director	$0	$0	$0
O'NEIL ALISA	TRUSTEE	1.00	Director	$0	$0	$0
PATHAK RAJU	TRUSTEE	1.00	Director	$0	$0	$0
RICE BRIDGET	TRUSTEE	1.00	Director	$0	$0	$0
SHIH DIN	TRUSTEE	1.00	Director	$0	$0	$0
TABB MD KEVIN	CHIEF EXECUTIVE OFFICER (CEO, BILH)	1.00	Officer	$0	$1,097,028	$5,410,415
RIOS CINDY	TREAS (EXECUTIVE VP & CFO, BILH)	1.00	Officer	$0	$217,736	$1,689,163
KATZ ESQ JAMIE	CLERK; GENERAL COUNSEL, BILH	1.00	Officer	$0	$32,002	$1,302,177
RANGAVIZ SHEILAH	ASSISTANT TREASURER, CFO	1.00	Officer	$0	$16,067	$352,611
GEE ESQ CARROLL	ASST CLERK (ASSOC GEN COUNSEL, BILH)	1.00	Officer	$0	$41,396	$222,210
FENTON ANGELA	VP, AMBULATORY AND CLINICAL SERVICES	1.00	Key Emp	$0	$38,656	$276,155
FREED-LOEW CHERYL	VP, HUMAN RESOURCES BUSINESS PARTNER	1.00	Key Emp	$0	$23,039	$233,526

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	$3,056,780	$4,114,918	$848,657	$-1,058,138
2023	$2,793,579	$3,636,960	$703,883	$-843,381
2022	$2,582,547	$3,410,589	$4,303,222	$-828,042
2021	$671,087	$1,666,197	$3,240,062	$-995,110

BID-MILTON PHYSICIAN ASSOCIATES INC