PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BIOLOGICAL MEDICINE INSTITUTE, founded in 2022, is a community nonprofit in the Health Care sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Net assets of $4.3M represent 32 months of operating reserves.
BIOLOGICAL MEDICINE INSTITUTE'S MISSION IS TO ADDRESS SEVERAL CRITICAL ASPECTS OF THE CURRENT HEALTH CARE CRISIS. WE ARE COMMITTED TO PROVIDING AFFORDABLE HIGH QUALITY INTEGRATIVE HEALTHCARE AND TO EMPOWERING OUR PATIENTS TOWARDS GREATER PARTICIPATION IN AND ADVOCACY FOR THEIR OWN HEALTH AND WELLNESS THROUGH EDUCATION AND COUNSELING.BIOLOGICAL MEDICINE INSTITUTE CONDUCTS ITS EXEMPT ACTIVITIES AT ITS PRINCIPAL OFFICE AT 111 CHESTNUT STREET, PROVIDENCE, RHODE ISLAND 02903. ALL MEDICAL, EDUCATIONAL, ADMINISTRATIVE, AND ANCILLARY SERVICES ARE PROVIDED BY STAFF, INCLUDING PHYSICIANS, EMPLOYED BY BIOLOGICAL MEDICINE INSTITUTE. ONE HUNDRED PERCENT OF BIOLOGICAL MEDICINE INSTITUTE'S TIME AND EFFORTS ARE ALLOCATED TO PROVIDING PATIENT CARE, EDUCATION, AND ADMINISTRATIVE SERVICES NECESSARY TO MEET THESE CORE FUNCTIONS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,630,842 | $3,649,030 | -0.6% |
| Expenses | $1,623,473 | $3,632,068 | -0.6% |
| Net Income | $7,369 | $16,962 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| COLIN BARRY | PRESIDENT | 1.00 |
Officer
Director
|
$57,230 | $0 | $57,230 |
| MICHAEL BALDWIN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARGHERITA BALDWIN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL DELMONICO | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRISTINE DIONESE | DIRECTOR | 1.00 |
Director
|
$54,000 | $0 | $54,000 |
| MARLANE BASSETT | DOCTOR | 40.00 |
Highest
|
$208,142 | $0 | $208,142 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,630,842 | $1,623,473 | $4,473,011 | $7,369 |
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