Beacon Medical Group Inc

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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

Phone

5746473549

Tax Period

2023-01-01 to 2023-12-31

Beacon Medical Group Inc, founded in 1981, is a major nonprofit in the Health Care sector that reported $187.6M in total revenue in fiscal year 2023. Expenses of $327.4M exceeded revenue, resulting in a 75% operating deficit.

Mission

WE DELIVER OUTSTANDING CARE, INSPIRE HEALTH, AND CONNECT WITH HEART

Program Service Accomplishments

Program 1

Expenses: $292,296,149 Revenue: $187,292,590

BEACON MEDICAL GROUP, INC. (BMG) OPERATES A MULTI-SPECIALTY CARE NETWORK OF PHYSICIANS AND ALSO INCLUDES THE MED-POINT IMMEDIATE CARE CENTERS. IN ADDITION TO THE PHYSICIAN PRACTICES, BMG OPERATES A HIGH COMPLEXITY CORE LABORATORY FOR THE SUPPORT OF ITS EMPLOYED PHYSICIANS. BMG ALSO OPERATES MED-POINT URGENT CARE CENTERS TO SUPPLEMENT THE SERVICES OF THE MEDICAL GROUP. IN ADDITION TO THE CORPORATION'S PRIMARY CARE NETWORK, BMG MANAGES THE OPERATION OF SEVERAL HOSPITAL-BASED PRACTICES FOR THE HOSPITALISTS, TRAUMA ORTHOPEDIC SURGEONS, AND PEDIATRIC INTENSIVISTS.

Program 2

Expenses: $105,063 Revenue: $172,055

BEACON MEDICAL GROUP, INC. (BMG) OPERATES A MULTI-SPECIALTY CARE NETWORK, AND ALSO OPERATES THE BEACON MEDICAL GROUP CLINICAL RESEARCH INSTITUTE ("CLINICAL RESEARCH"). CLINICAL RESEARCH IS CURRENTLY FOCUSED ON PHARMACOLOGY STUDIES. THE PHARMACOLOGY STUDIES INVOLVE PATIENTS WITH SPECIFIC CONDITIONS OR DISEASES. CLINICAL RESEARCH HAS BROUGHT THE FOLLOWING POSITIVE BENEFITS TO BMG: IMPROVED PATIENT CARE - BRINGS BMG PHYSICIANS AND NURSES CLOSER TO LEADING-EDGE MEDICINE. CORPORATE POSITIONING - CLINICAL RESEARCH CAN ENHANCE BMG'S IDENTITY AND BRAND, IT CAN PROVIDE A MEANS TO MEET PHYSICIANS' ACADEMIC NEEDS AND ENHANCE PHYSICIAN RECRUITMENT.

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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 $2,098

Program Service Revenue $187,463,966

Investment Income $-21,357

Other Revenue $138,251

TOTAL REVENUE $187,582,958

Expense Breakdown

Grants Paid $23,486

Salaries & Benefits $248,103,401

Fundraising Expenses $0

Program Expenses $292,401,212

Other Expenses $79,245,781

TOTAL EXPENSES $327,372,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$187,582,958	$186,390,453	+0.0%
Expenses	$327,372,668	$304,195,207	+0.1%
Net Income	$-139,789,710	$-117,804,754	+0.2%

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

1941

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

$2,998,058

Total Directors

$10,760

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Secretary	2.0	Officer Director	$1,220	$0	$1,220
N/A	Vice Chair thru 3/31/23	2.0	Officer Director	$0	$0	$5,975
N/A	Chair	2.0	Officer Director	$225	$0	$225
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$225	$0	$225
N/A	Director	2.0	Director	$0	$0	$1,220
N/A	Director	2.0	Director	$1,220	$0	$1,220
N/A	Director	2.0	Director	$225	$0	$225
N/A	President	40.0	Officer	$456,471	$95,673	$552,144
N/A	CFO	2.0	Officer	$0	$118,036	$862,270
N/A	CEO	2.0	Officer	$0	$170,134	$1,332,846
N/A	President thru 5/1/23	0.0	Officer	$228,313	$15,065	$243,378
N/A	Employed Physician	40.0	Highest	$1,682,846	$24,491	$1,707,337
N/A	Employed Physician	40.0	Highest	$1,595,147	$25,950	$1,621,097
N/A	Employed Physician	40.0	Highest	$1,463,612	$37,538	$1,501,150
N/A	Employed Physician	40.0	Highest	$2,052,799	$35,575	$2,088,374
N/A	Employed Physician	40.0	Highest	$1,497,825	$37,187	$1,535,012

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	$187,582,958	$327,372,668	$120,475,465	$-139,789,710
2022	$186,390,453	$304,195,207	$117,701,782	$-117,804,754
2021	$162,622,589	$270,164,804	$116,845,647	$-107,542,215
2020	$141,800,938	$237,016,610	$102,838,709	$-95,215,672
2019	$139,224,210	$227,132,443	$90,482,501	$-87,908,233
2018	$130,599,550	$210,834,368	$93,154,305	$-80,234,818