BMG FAMILY PHYSICIANS GROUP FOUNDATION INC (EIN 461953140) - 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

2013

Legal Domicile

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.

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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 $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

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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

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

$2,544,548

Total Directors

$6,060,753

Key Employees

Highest Compensated

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

BMG FAMILY PHYSICIANS GROUP FOUNDATION INC