BMG FAMILY PHYSICIANS GROUP FOUNDATION INC

EIN: 461953140 501(c)(3) Health Care

MEMPHIS, TN

Total Revenue
$15,353,136
Total Expenses
$23,297,758
Total Assets
$7,474,046
Net Assets
$-55,789,056
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
TN
Principal Officer
CHARLES WOODALL MD
Phone
9012273627
Tax Period
2023-10-01 to 2024-09-30

BMG FAMILY PHYSICIANS GROUP FOUNDATION INC, founded in 2013, is a mid-sized nonprofit in the Health Care sector that reported $15.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $23.3M exceeded revenue, resulting in a 52% operating deficit.

Mission

BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC.'S MISSION IS TO SERVE THE COMMUNITY WITH COMPASSION AND TO PROVIDE QUALITY HEALTH CARE SERVICES AND HEALTH CARE EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $21,119,056 Revenue: $15,279,761

BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. PATIENTS OF EVERY RACE, CREED AND SOCIOECONOMIC...

Read more

BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. PATIENTS OF EVERY RACE, CREED AND SOCIOECONOMIC GROUP COME TO THE PRACTICE FROM SEVERAL STATES WITH MOST OF ITS PATIENTS FROM THE METRO MEMPHIS AREA, EASTERN ARKANSAS AND NORTHERN MISSISSIPPI. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. PROVIDES THE FOLLOWING:- WE PARTICIPATE IN MEMPHIS PLAN, A HEALTH CARE PROGRAM PROVIDING SERVICES TO SMALL BUSINESSES THAT CANNOT OTHERWISE AFFORD HEALTH CARE FOR THEIR EMPLOYEES. WE HAVE APPROXIMATELY 39,000 PATIENTS ASSIGNED TO OUR FOUNDATION.- FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024, WE PROVIDED CARE FOR 74,273 ENCOUNTERS. THESE INDIVIDUALS WOULD HAVE A DIFFICULT TIME FINDING ADEQUATE HEALTH CARE COVERAGE.- SOME OF OUR PROVIDERS VOLUNTEER OUTSIDE OF REGULAR BUSINESS HOURS AT THE CHURCH HEALTH CENTER PROVIDING MEDICAL SERVICES TO THE NEEDY IN OUR COMMUNITY.BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. HAS ALIGNED WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION AND NOW HAS 12 PRIMARY CARE PHYSICIANS AND 6 NURSE PRACTITIONERS. WE ALSO HAVE A PHYSICAL THERAPIST AND A NONSURGICAL ORTHOPEDIC PHYSICIAN AT OUR 7685 WINCHESTER LOCATION. OUR OFFICES ARE LOCATED WITHIN THE MEMPHIS METRO AREA TO CONVENIENTLY SERVE THE COMMUNITY. WE ARE KNOWN AS ONE OF THE LARGEST PRIMARY CARE GROUPS WITHIN THE WEST TENNESSEE AREA.AMBULATORY SERVICES PROVIDED INCLUDE THE FOLLOWING: WELLNESS SCREENING EXAMS, COMPANY ACCOUNTS, WORKMEN'S COMPENSATION SERVICES, IMMUNIZATIONS AND FLU SHOTS, LAB SERVICES, DIGITAL X-RAYS, EKG, DEXA, ULTRASOUNDS, SPIROMETRY AND AUDIOMETRY, AND ABI'S. THESE SERVICES ARE PERFORMED WITHIN OUR FACILITIES IN AN EFFORT TO TREAT THE PATIENT AT ONE PRIMARY FACILITY. BMG FAMILY PHYSICIANS GROUP FOUNDATION, INC. HAS OVER 40,000 ACTIVE PATIENT RECORDS. OUR SEVEN OFFICE LOCATIONS ARE CONVENIENTLY LOCATED AND ARE OPEN MONDAY - FRIDAY 8:00AM UNTIL 5:30PM. ALL OF THIS IS DONE TO MEET THE GROWING NEEDS FOR HEALTH CARE IN OUR COMMUNITY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $72,960
Program Service Revenue $15,105,979
Investment Income $415
Other Revenue $173,782
TOTAL REVENUE $15,353,136

Expense Breakdown

Grants Paid $2,000
Salaries & Benefits $15,900,423
Fundraising Expenses $0
Program Expenses $21,119,056
Other Expenses $7,395,335
TOTAL EXPENSES $23,297,758

Year-over-Year Comparison

2023 2022 Change
Revenue $15,353,136 $13,734,784 +0.1%
Expenses $23,297,758 $20,427,585 +0.1%
Net Income $-7,944,622 $-6,692,801 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
N/A
Employees
205
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
5
$2,544,548
Total Directors
10
$6,060,753
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY C ANDERSON DIRECTOR 0.04
Director
$0 $88,606 $1,300,745
MARK E SWANSON MD DIRECTOR 0.04
Director
$0 $24,823 $1,220,645
MICHAEL C WALLACE MD DIRECTOR/PHYSICIAN 40.00
Director
$554,604 $0 $554,604
JUSTIN RHODES DIRECTOR (AS OF 09/24) 0.04
Director
$0 $84,677 $526,012
J KENNETH WONG MD DIRECTOR/PHYSICIAN 40.00
Director
$489,824 $0 $489,824
JAY D SMITH MD DIRECTOR/PHYSICIAN 40.00
Director
$448,927 $0 $448,927
CHARLES WOODALL MD PRESIDENT/DIRECTOR 39.77
Officer Director
$412,905 $0 $412,905
MELANIE L WOODALL MD DIRECTOR/PHYSICIAN 40.00
Director
$407,958 $0 $407,958
RAMUNE M FILIPCIC MD DIRECTOR/PHYSICIAN 40.00
Director
$376,027 $0 $376,027
MICHELE E NEAL MD VICE PRESIDENT/DIRECTOR 40.00
Officer Director
$323,106 $0 $323,106
GREGORY M DUCKETT SECRETARY 0.04
Officer
$0 $90,318 $1,346,501
ANGELA QUALLS CEO 40.00
Officer
$231,171 $0 $231,171
ANDREW D JETER CFO 0.50
Officer
$0 $43,316 $230,865
DEREK MULLINIX MD PHYSICIAN 40.00
Highest
$399,042 $0 $399,042
JULIAN VENEGAS MD PHYSICIAN 40.00
Highest
$356,797 $0 $356,797
JOSE ONGSINGCO MD PHYSICIAN 40.00
Highest
$352,825 $0 $352,825
ALISHA CONWAY MD PHYSICIAN 40.00
Highest
$324,597 $0 $324,597
TABITHA MAREK MD PHYSICIAN 16.00
Highest
$296,816 $0 $296,816
KIMBERLY O YOUNG FORMER CFO 0.00
$0 $47,942 $620,481
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 $15,353,136 $23,297,758 $7,474,046 $-7,944,622
2023 $13,734,784 $20,427,585 $5,870,614 $-6,692,801
2022 $12,784,970 $18,390,970 $2,190,025 $-5,606,000
2021 $14,210,561 $18,107,819 $2,662,368 $-3,897,258
2020 $12,147,728 $17,088,485 $2,319,855 $-4,940,757
2019 $12,933,161 $17,279,996 $1,363,174 $-4,346,835
2018 $12,248,158 $16,410,335 $956,592 $-4,162,177
Explore More Nonprofits
Top 100 Nonprofits in Tennessee Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare BMG FAMILY PHYSICIANS GROUP FOUNDATION INC with other nonprofits in Tennessee and across the country.