Consistent net losses: Expenses have exceeded revenue in recent years (e.g., 2023 expenses $3,636,960 vs. revenue $2,793,579).
Significant asset and liability fluctuations: Assets dropped from $4,303,222 in 2022 to $703,883 in 2023, while liabilities also saw a substantial decrease.
Rapid and unexplained growth from 2020 to 2021, with revenue jumping from $0 to $671,087 and assets from $7,845 to $3,240,062.
Strengths
Demonstrated ability to significantly increase revenue year-over-year, from $0 in 2020 to over $2.7 million in 2023.
Successful reduction of liabilities by over $1.5 million from 2022 to 2023, indicating efforts to improve financial health.
AI Transparency Report
Bid Milton Physician Associates Inc is a health care nonprofit based in Charlestown, Massachusetts, with reported revenue of $3.1M and assets of $849K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation cannot be assessed from the provided data as specific figures are not available in the financial filings. Revenue has grown +1349455% across 13 filing periods.