Quick charity verification for Foundation Medical Partners Inc (EIN: 20456218)
Verdict: Foundation Medical Partners Inc shows mixed signals
65/100Mission Score
$127.6MRevenue
$63.1MAssets
3Red Flags
2Strengths
Red Flags
Consistent and significant operating deficits, with expenses regularly exceeding revenue by tens of millions (e.g., $39.6M deficit in 2023).
Liabilities frequently exceed assets (e.g., $59.5M liabilities vs. $57.1M assets in 2023), indicating a potentially leveraged financial position.
Reporting 0% officer compensation for an organization of this size and revenue, which lacks transparency regarding executive pay structure and source.
Strengths
Consistent growth in total assets over the past decade, from $37.8M in 2014 to $57.1M in 2023.
Substantial and growing revenue base, exceeding $125 million annually in recent years, indicating significant operational scale.
Spending Breakdown
How Foundation Medical Partners Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Foundation Medical Partners Inc
Is Foundation Medical Partners Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation Medical Partners Inc (EIN: 20456218) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
Is Foundation Medical Partners Inc a good charity to donate to?
Foundation Medical Partners Inc has a Mission Score of 65/100. Revenue: $127.6M. Assets: $63.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation Medical Partners Inc?
The Employer Identification Number (EIN) for Foundation Medical Partners Inc is 20456218. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Foundation Medical Partners Inc spend its money?
Foundation Medical Partners Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation Medical Partners Inc's tax-exempt status?
You can verify Foundation Medical Partners Inc's tax-exempt status using EIN 20456218 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Foundation Medical Partners Inc consistently reports significant operating deficits, with expenses exceeding revenue by substantial margins across all available filings. For instance, in 2023, expenses were $164.9 million against revenues of $125.3 million, indicating a deficit of nearly $40 million. This trend is consistent, suggesting a reliance on other funding sources not fully captured in the revenue figures or a strategic operational model that anticipates these deficits, potentially covered by a parent organization or specific grants. The organization's assets have shown growth over time, from $37.8 million in 2014 to $57.1 million in 2023, but liabilities have also increased, often exceeding assets in recent years, such as $59.5 million in liabilities against $57.1 million in assets in 2023. This indicates a potentially leveraged financial position.
The consistent reporting of 0% officer compensation across all filings is a notable point regarding transparency and executive pay. While this could indicate that executive compensation is paid by a related entity, it requires further investigation to fully understand the true cost of leadership. The NTEE code E99I suggests a focus on general health care, which aligns with the 'Medical Partners' name. Without a detailed breakdown of program service expenses versus administrative and fundraising costs, it's challenging to fully assess spending efficiency, but the consistent operating deficits are a primary concern for long-term financial sustainability if not offset by other means.
The organization's financial health appears to be characterized by consistent operating losses, which could be a red flag if not part of a larger, integrated financial strategy with a parent entity. The growth in assets is positive, but the increasing liabilities, often surpassing assets, warrant closer scrutiny. The lack of reported officer compensation directly from the organization's 990s is unusual for an entity of this size and revenue, suggesting a need for more detailed information to fully understand its governance and financial structure.