Bid Milton Physician Associates Inc

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Bid Milton Physician Associates Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Bid Milton Physician Associates Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bid Milton Physician Associates Inc in one place.

Is Bid Milton Physician Associates Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Bid Milton Physician Associates Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Bid Milton Physician Associates Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Bid Milton Physician Associates Inc

Bid Milton Physician Associates Inc (EIN: 222566792) is a nonprofit organization based in Charlestown, MA, classified under NTEE code E21. The organization reported total revenue of $3.1M and total assets of $849K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bid Milton Physician Associates Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Bid Milton Physician Associates Inc is a mid-size nonprofit that has been operating for 6 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 120.9%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: D

In 2023, Bid Milton Physician Associates Inc reported a deficit of $843K with expenses exceeding revenue, holds 2.3 months of operating reserves (limited), has a debt-to-asset ratio of 649.5% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Bid Milton Physician Associates Inc's revenue has grown at a compound annual growth rate (CAGR) of 120.9%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bid Milton Physician Associates Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Bid Milton Physician Associates Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $843K, with expenses exceeding revenue.
• Debt-to-asset ratio: 649.5%.

Executive Compensation Analysis

Executive compensation cannot be assessed from the provided data as specific figures are not available in the financial filings.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Bid Milton Physician Associates Inc's IRS 990 filings:

• 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

The following positive indicators were identified for Bid Milton Physician Associates Inc:

• 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.

Frequently Asked Questions about Bid Milton Physician Associates Inc

Filing History

IRS 990 filing history for Bid Milton Physician Associates Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bid Milton Physician Associates Inc's revenue has grown by 1349455.1%, moving from $207 to $2.8M. Total assets increased by 44.3% over the same period, from $488K to $704K. In its most recent filing year (2023), Bid Milton Physician Associates Inc reported a deficit of $843K, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $704K in assets (debt-to-asset ratio: 649.5%), resulting in net assets of $-3,867,839.

Year-by-Year Financial Summary

• 2023: Revenue of $2.8M, expenses of $3.6M, and assets of $704K (revenue +8.2% year-over-year).
• 2022: Revenue of $2.6M, expenses of $3.4M, and assets of $4.3M (revenue +284.8% year-over-year).
• 2021: Revenue of $671K, expenses of $1.7M, and assets of $3.2M.
• 2020: Revenue of $0, expenses of $0, and assets of $8K.
• 2019: Revenue of $0, expenses of $0, and assets of $8K.
• 2018: Revenue of $0, expenses of $0, and assets of $8K (revenue -100.0% year-over-year).
• 2017: Revenue of $12, expenses of $35, and assets of $8K (revenue +50.0% year-over-year).
• 2016: Revenue of $8, expenses of $0, and assets of $8K (revenue -81.8% year-over-year).
• 2015: Revenue of $44, expenses of $0, and assets of $8K.
• 2014: Revenue of $0, expenses of $0, and assets of $8K (revenue -100.0% year-over-year).
• 2013: Revenue of $3K, expenses of $0, and assets of $8K (revenue +8236.7% year-over-year).
• 2012: Revenue of $30, expenses of $0, and assets of $468K (revenue -85.5% year-over-year).
• 2011: Revenue of $207, expenses of $0, and assets of $488K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Bid Milton Physician Associates Inc:

Data Sources and Methodology

This transparency report for Bid Milton Physician Associates Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.