BOSTON'S COMMUNITY MEDICAL GROUP I… - 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

2004

Legal Domicile

Principal Officer

CHRISTOPHER D PALMIERI

Phone

6176387062

Tax Period

2023-01-01 to 2023-12-31

BOSTON'S COMMUNITY MEDICAL GROUP INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring.

Mission

BOSTON'S COMMUNITY MEDICAL GROUP, INC. (BCMG) IS A MEDICAL PRACTICE THAT BRINGS MEDICAL CARE TO INDIVIDUALS WITH COMPLEX AND SEVERE PHYSICAL DISABILITIES AND/OR SERIOUS MENTAL ILLNESS.

Program Service Accomplishments

Program 1

Expenses: $10,729,742 Revenue: $10,942,891

BOSTON'S COMMUNITY MEDICAL GROUP, INC. (BCMG) IS A MEDICAL GROUP PRACTICE THAT SERVES A POPULATION OF MEDICAID-SUPPORTED INDIVIDUALS WITH COMPLEX AND SEVERE PHYSICAL DISABILITY AND/OR SERIOUS MENTAL ILLNESS. THIS INCLUDES AN AGREEMENT WITH NEIGHBORHOOD HEALTH PLAN AND A SUB-CONTRACT WITH COMMONWEALTH CARE ALLIANCE TO PROVIDE PRIMARY CARE TO SENIORS WITH SERIOUS DISABILITIES AND PRIMARY CARE/OR CARE MANAGEMENT SERVICES TO PEOPLE ENROLLED IN A DEMONSTRATION PROGRAM THAT PROVIDES INTENSIVE MULTIDISCIPLINARY CARE MANAGEMENT INDIVIDUALS WHO ARE ENROLLED IN BOTH MEDICAID AND MEDICARE DUE TO SERIOUS DISABILITIES. BCMG'S NURSE PRACTITIONERS, PHYSICIAN ASSISTANTS, PHYSICIANS, OCCUPATIONAL AND PHYSICAL THERAPISTS, SOCIAL WORKERS AND BEHAVIORAL HEALTH SPECIALISTS MAKE HOME VISITS TO THESE PATIENTS, PROVIDING PRIMARY CARE, COUNSELING, MANAGEMENT OF LONG TERM SERVICES AND SUPPORTS, HOME EVALUATIONS AND ADAPTIVE EQUIPMENT, AND OCCUPATIONAL THERAPY, AND CLOSELY COORDINATES CARE WITH SPECIALISTS AND OTHER PROVIDERS.

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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 $10,888,167

Investment Income $-141

Other Revenue $54,723

TOTAL REVENUE $10,942,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,850,390

Fundraising Expenses $0

Program Expenses $10,729,742

Other Expenses $1,879,352

TOTAL EXPENSES $10,729,742

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,942,749	$28,517,232	-0.6%
Expenses	$10,729,742	$28,039,745	-0.6%
Net Income	$213,007	$477,487	-0.6%

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

$4,235,013

Total Directors

$3,248,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER D PALMIERI	PRESIDENT & CEO, DIRECTOR	10.00	Officer Director	$0	$754,490	$2,736,390
HANY ABDELAAL	DIRECTOR (AS OF JUNE 2023)	1.00	Director	$0	$134,540	$512,011
JULIE FINE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
BILJANA SIMIKIC	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN STILLO	DIRECTOR (UNTIL JULY 2023)	1.00	Director	$0	$0	$0
ALYSA VEIDIS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN WOOD	DIRECTOR (AS OF NOVEMBER 2023)	1.00	Director	$0	$0	$0
ELIZABETH GOODMAN SEC CLERK	CHIEF LEGAL OFFICER	10.00	Officer	$0	$181,194	$811,475
FRANK SCALISE	TREASURER & CFO (AS OF JULY 2023)	10.00	Officer	$0	$90,342	$357,442
MARY HAMILTON INTERIM	TREASURER & CFO (UNTIL JULY 2023)	10.00	Officer	$0	$8,225	$329,706
LISA FLEMING FORMER SEC	CLERK, CHIEF LEGAL OFFICER	0.00		$0	$47,275	$494,983

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	No data	No data	No data	No data
2023	$10,942,749	$10,729,742	$63,966,300	$213,007
2022	$28,517,232	$28,039,745	$52,817,258	$477,487
2021	$27,244,634	$25,982,765	$39,511,164	$1,261,869
2020	$28,684,028	$27,341,923	$27,242,280	$1,342,105
2019	$10,782,266	$13,390,347	$10,074,786	$-2,608,081
2018	$11,355,303	$12,899,461	$690,954	$-1,544,158

BOSTON'S COMMUNITY MEDICAL GROUP INC