MEMPHIS, TN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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